Testing the Semi-strong Form Efficiency of Indian Stock Market: Testing the Efficiency of Indian Stock Market with Respect to Information Content of Corporate Event Announcement - Murugesan Selvam - Bøger - LAP LAMBERT Academic Publishing - 9783846516942 - October 20, 2011

Testing the Semi-strong Form Efficiency of Indian Stock Market: Testing the Efficiency of Indian Stock Market with Respect to Information Content of Corporate Event Announcement

Murugesan Selvam

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Testing the Semi-strong Form Efficiency of Indian Stock Market: Testing the Efficiency of Indian Stock Market with Respect to Information Content of Corporate Event Announcement

The present book is significant in several respects. First and foremost thing is that it is one of the few studies testing the efficiency of Indian stock market with respect to information content of corporate events announcements in India with respect to Information Technology (IT) companies. Further, this study used a very large sample containing actively traded IT companies from Bombay Stock Exchange (List A and B1). The present study used the well established event study methodologies for analyzing the efficiency of the information content of corporate events announcements. The results of the study are encouraging. The results of the present study show that the Indian capital market is efficient in the sense that its uses the information relevant for security valuation and for investment decision making. The corporate events announcements information's are captured in stock prices within a short period of few days. The results will be encouraging to finance professionals, analysts, investors, and regulatory agencies because usefulness of accounting information for investment decision making has been indicated by the results.

Media Books     Paperback Book   (Book with soft cover and glued back)
Released October 20, 2011
ISBN13 9783846516942
Publishers LAP LAMBERT Academic Publishing
Pages 256
Dimensions 150 × 15 × 226 mm   ·   381 g
Language English  

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