Management Dynamics

The PDF file you selected should load here if your Web browser has a PDF reader plug-in installed (for example, a recent version of Adobe Acrobat Reader).

If you would like more information about how to print, save, and work with PDFs, Highwire Press provides a helpful Frequently Asked Questions about PDFs.

Alternatively, you can download the PDF file directly to your computer, from where it can be opened using a PDF reader. To download the PDF, click the Download link above.

Fullscreen Fullscreen Off


An efficient market is a market in which prices fully reflect all information. Efficiency ofthe market can be judged operationally and informational. The present study is focused on the informational efficiency of the Indian capital market. A capital market is said to be efficient with respect to corporate event announcement (stock split, buyback, bonus issue, right issue, merger and acquisition and dividend etc) contain information and its disseminations. How quickly and correctly the security prices reflect these event contained information shows the efficiency of the stock market. The present study is investigating the impact of stock split on share price in India. Essence of stock split announcement presented in the literature is that the announcement has a positive impact on the returns before and after the event. To examine the impact on stock prices, event study model has been used.

Keywords

Stock Split, Stock Prices, Abnormal Returns.
User
Notifications
Font Size