Intra Industry Reactions Of Stock Split Announcements PDF Download
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Author | : |
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Total Pages | : |
Release | : 1999 |
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Download Intra-industry Reactions of Stock Split Announcements Book in PDF, ePub and Kindle
This paper examines whether favorable information conveyed by stock split announcements transfers to non-splitting firms within the same industry. We find that there exists intra-industry reaction; shareholders of non-splitting firms experience significant positive abnormal returns during the stock split announcement period of their industry counterparts. In addition, we find that industry-wide (level of concentration) and firm-specific characteristics (degree of similarity with the splitting firm, level of asymmetric information, and mispricing) are important determinants in explaining the impact of the announcements on non-splitting firms. We further document an increase in earnings subsequent to the announcements which is associated to the stock price reactions. However, we find little evidence that there is a decline in earnings volatility and find no significant relation between change in earnings volatility and announcement period returns.
Author | : Oranee Tawatnuntachai |
Publisher | : |
Total Pages | : 236 |
Release | : 1999 |
Genre | : |
ISBN | : |
Download Intra-industry Reactions of Stock Split Announcements Book in PDF, ePub and Kindle
Author | : Ranjan D'Mello |
Publisher | : |
Total Pages | : |
Release | : 2001 |
Genre | : |
ISBN | : |
Download Intra-Industry Reactions to Stock Split Announcements Book in PDF, ePub and Kindle
We examine whether favorable information conveyed by stock split announcements transfers to nonsplitting firms within the same industry. On average, nonsplitting firms' shareholders experience significant positive abnormal returns at the stock split announcements of their industry counterparts. In addition, industrywide and firm-specific characteristics are important determinants in explaining nonsplitting firms' stock returns. These firms' earnings increase significantly and the earnings changes are positively related to the stock price reactions. Finally, we find no evidence that investors revise the value of nonsplitting firms because they anticipate a decline in earnings volatility.
Author | : 江宛芷 |
Publisher | : |
Total Pages | : 34 |
Release | : 2011 |
Genre | : |
ISBN | : |
Download Intra-industry Mimicking on Stock Split Declarations Book in PDF, ePub and Kindle
Author | : Copur, Zeynep |
Publisher | : IGI Global |
Total Pages | : 559 |
Release | : 2015-01-31 |
Genre | : Business & Economics |
ISBN | : 1466674857 |
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In an ever-changing economy, market specialists strive to find new ways to evaluate the risks and potential reward of economic ventures by assessing the importance of human reaction during the economic planning process. The Handbook of Research on Behavioral Finance and Investment Strategies: Decision Making in the Financial Industry presents an interdisciplinary, comparative, and competitive analysis of the thought processes and planning necessary for individual and corporate economic management. This publication is an essential reference source for professionals, practitioners, and managers working in the field of finance, as well as researchers and academicians interested in an interdisciplinary approach to combine financial management, sociology, and psychology.
Author | : Dehuai Zeng |
Publisher | : Springer Science & Business Media |
Total Pages | : 786 |
Release | : 2012-01-26 |
Genre | : Technology & Engineering |
ISBN | : 3642279481 |
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This book includes the proceedings of the second International Conference on Advances in Computer Science and Engineering (CES 2012), which was held during January 13-14, 2012 in Sanya, China. The papers in these proceedings of CES 2012 focus on the researchers’ advanced works in their fields of Computer Science and Engineering mainly organized in four topics, (1) Software Engineering, (2) Intelligent Computing, (3) Computer Networks, and (4) Artificial Intelligence Software.
Author | : Neslihan Yilmaz |
Publisher | : |
Total Pages | : 200 |
Release | : 2009 |
Genre | : Chief executive officers |
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Author | : American Bar Association. House of Delegates |
Publisher | : American Bar Association |
Total Pages | : 216 |
Release | : 2007 |
Genre | : Law |
ISBN | : 9781590318737 |
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The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts.
Author | : Theologos Homer Bonitsis |
Publisher | : Ashgate Publishing |
Total Pages | : 284 |
Release | : 1997 |
Genre | : Business & Economics |
ISBN | : 9781859726822 |
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This volume is part of an ongoing research series that seeks to discuss the use of statistical science in economics and in the other functional areas of business administration, by taking a cross-disciplinary quantitative and qualitative approach. Volume IV reflects the growing emphasis on global issues, covering international financial economics, statistical science and economics, and applied economics and finance.
Author | : Douglas V. Austin |
Publisher | : |
Total Pages | : 118 |
Release | : 1965 |
Genre | : Business & Economics |
ISBN | : |
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