Abnormal returns

This research aims to evaluate the impact of CW issuance on the price and liquidity (measured by trading volume and bid-ask spread) of underlying stocks on the Vietnamese stock market. The study employs the event study methodology and Wilcoxon test to examine whether abnormal returns, trading volume, and bid-ask spreads change after CW issuance.

14p viwalton 02-07-2024 3 1   Download

This paper uses the component stocks of Yuanta Taiwan ESG ETF as observation samples to examine the impact of investor sentiment and ESG events on abnormal returns and volume. The empirical results of this study are as follows: (1) ETF component stock have abnormal returns and abnormal volumes before and after ESG events (2) Investor sentiment is negative correlated with abnormal returns and abnormal volumes. (3) The impact of ESG events will decrease the abnormal returns and abnormal volume of stocks.

22p dathienlang1012 03-05-2024 3 0   Download

This study explore the market reaction and its influencing factors when enterprises announce the launching of new IoT-related products or services, aiming to understand whether investors in the capital market will react to IoT-related announcements and whether such reaction subsequently generates abnormal returns on stock prices.

8p vimarillynhewson 02-01-2024 7 3   Download

Part 2 book "Anderson's pediatric cardiology" includes content: Isomerism of the atrial appendages; anomalous systemic venous return; pulmonary venous abnormalities; interatrial communications; division of atrial chambers (“cor triatriatum”); atrioventricular septal defects; ventricular septal defect; diseases of the tricuspid valve, diseases of the mitral valve,... and other contents.

2897p oursky03 28-08-2023 7 1   Download

This research investigates whether CEOs using twitter (CEO twitters) influence their compensation. First, we find that CEO_twitters have a significantly positive relation to total compensation (TDC1), confirming that CEO twitters really have effects on compensation.

7p vilexus 28-09-2022 13 2   Download

Lecture Object-Oriented programming - Lesson 43: Techniques for error handling. The main topics covered in this chapter include: techniques for error handling, abnormal termination, graceful termination, return the illegal value, return error code from a function, exception handling,...

33p linyanjun_2408 23-04-2022 21 1   Download

Lecture Class #15: Accounting trading strategies. After studying this section will help you understand: A high stock return (relative to other stocks) does not immediately imply you are getting a “free lunch” or an arbitrage opportunity exists.

15p huangminghao_1902 27-02-2022 15 1   Download

Lecture Well Drilling Engineering: Prediction of Abnormal Pore Pressure - Dr. Do Quang Khanh. After completing this section, you will understand knowledge about: resistivity of shale, temperature in the return mud, drilling rate increase, dc - exponent, sonic travel time, conductivity of shale,...

31p bachkhinhdaluu 03-12-2021 15 0   Download

I discover that there has been cumulative abnormal return in Viet Nam. In my literature, the cumulative abnormal returns (CAR) occur in some windows on one month prior to the date of announcement. I also find that corporate information environment having impact on target value creation.

12p vimichaeldell 04-12-2021 21 1   Download

This paper aims to analyze the market reactions on corporate actions in the form of split-up, reverse split, right issue, and mergers and acquisitions in growing and non-growing energy consuming companies in Indonesia. The market reaction is analyzed based on stock price, trading volume, and abnormal returns movements using paired sample t-tests from the results of the event study for 5 days before and after corporate actions in the form of split-up, reverse split, right issue, and mergers and acquisitions.

6p caygaocaolon11 18-04-2021 17 2   Download

This study was conducted at Sasaki Animal Hospital in Ho Chi Minh City to manage this disease by the synthetic mesh implant. A 10-year castrated male Pomeranian (5.2 kg) was referred to clinical examination because of a 4-month complaint of the return of a mass at the perineal area.

9p larachdumlanat129 19-01-2021 11 2   Download

The study explores the correlation between the immediate and the longer-term stock returns following analyst recommendation revisions.

16p nguyenanhtuan_qb 09-07-2020 27 4   Download

The finding shows that stock repurchase announcements result in a positive and significant valuation effect for both announcing firms and rival firms in Vietnam. Furthermore, the degree of signal to the industry is conditional on the degree of signal about the announcing firms as a contagious effect. Intra-industry effects are more favorable when profit performance of rival firms is good and when leverage of rival firms is low.

14p caygaocaolon5 19-05-2020 24 4   Download

This paper examines the effect of target Federal funds rate changes on major five foreign exchange markets: Canada, Australia, Euro, Japan and the UK during the period from 2000 to 2007. Two different approaches of Rai, Seth and Mohanty (2007) and the event study of Brown and Warner (1980, 1985) are used in our paper. The results show that event-study method yields a stronger relationship between the U.S. Federal funds rate and exchange rates. On average, evidences are consistent with our expectations: federal funds rate increases (decreases) are associated with the U.S.

16p covid19 19-04-2020 21 2   Download

The current study explores the short-term stock price reaction of cross-border bank mergers and acquisitions (M&As) in Western Europe for the period 1998-2009 which includes 40 M&A deals. Employing the classical event study methodology, we probe into the stock price effects of cross-border bank M&As by calculating abnormal returns for both bidders and targets.

24p cothumenhmong4 24-03-2020 23 1   Download

This study investigated the short-term impact of domestic acquisitions on the acquirer shareholders’ equity in the US market. Average abnormal returns and cumulative average abnormal return were calculated to evaluate the acquirer’s return for a sample of 90 US domestic acquisitions based on US NASDAQ market during the period 2012-2014. The method of payment for the acquisitions, the size of the deal, and the industry relatedness were considered to assess the impact on the domestic acquirer shareholders’ equity.

19p trinhthamhodang2 21-01-2020 47 2   Download

This article investigates the reaction of investors in the Bahrain Bourse toward two types of signals from the telecommunication sector: Marketing and financial announcements made by corporate management. Using an event study, six events that were announced over the period of 2011-2014 by Batelco, the only listed Telecommunication Company in the Bahrain Bourse, have been thoroughly analyzed. Results highlight that, regardless of the type of signal, investors exhibited significant reactions to all the announcements.

21p trinhthamhodang2 21-01-2020 70 1   Download

The purpose of this paper is to examine whether or not the markets behave differently in different days of a month merely due to the meaning(s) associated with the digit a particular day end with. We used multiple univariate tests to test the quality of means for lunar days ending 5, 8 and 9(lucky days) against other days. OLS regression was also utilized to test statistical significance for the target dates in both Lunisolar and Gregorian calendar for Heng Seng and S&P 500 daily returns.

10p trinhthamhodang2 21-01-2020 22 2   Download

In this study, we explore the influence of market timing on insider trading and buy-and-hold abnormal returns by the sample of Taiwan listed companies at stock exchange market and the firms at over-the-counter (OTC) market from 2001 to 2016. According to Dittmar and Field [7], we use the relative repurchase price (RRP) to measure the strength of market timing abilities when firm repurchases its own stock. We find that the stronger market timing ability is accompanied with the greater insider net buying. Thus, insiders can indeed know the company’s future information when firms repurchase.

20p trinhthamhodang2 19-01-2020 46 3   Download

This paper tests whether macro monetary shock will influence stock market. Employing approaches of event study and abnormal returns regression, this paper finds that reserve ratio decreasing does lead to positive abnormal returns, but it works through different channels in each event. Further analyzing shows that characteristics of the stock market of China make the differences: market overreacts to unexpected shock and underreacts to expectable event.

11p chauchaungayxua2 19-01-2020 27 2   Download