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Impact of change in promoters' shareholding pattern on the performance of small-cap-value equity stocks in the national stock exchange of India
Khatwani, Ritesh Ashok; Raghuram, Gopala; Mishra, Mahima; … - In: Journal of risk and financial management : JRFM 16 (2023) 1, pp. 1-15
This paper studies the impact of a change in promoter shareholding on small-cap-value stocks. NIFTY Small Cap 250 index stocks within the top 20th percentile of the book-to-market (B/M) ratio of the same universe have been considered for this study. The paper uses regression analysis for...
Persistent link: https://www.econbiz.de/10014295010
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The effects of environmental regulation on the Singapore stock market
Huy Pham; Long Thang Van Nguyen; Vikash Ramiah; … - In: Journal of risk and financial management : JRFM 12 (2019) 4/175, pp. 1-19
This study examines the impact of environmental regulation on the Singapore stock market using the event study methodology. Several asset pricing models are used to estimate sectoral abnormal returns. Additionally, we estimate the change in systematic risk after the introduction of the carbon...
Persistent link: https://www.econbiz.de/10012171392
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Market reactions to supply chain management excellence
Shi, Min; Yu, Wei - In: Journal of risk and financial management : JRFM 11 (2018) 4, pp. 1-10
event window (0, +1) were positive and statistically significant. In addition, the findings were robust across different …
Persistent link: https://www.econbiz.de/10011961370
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Non-parametric statistic for testing cumulative abnormal stock returns
Pynnönen, Seppo - In: Journal of risk and financial management : JRFM 15 (2022) 4, pp. 1-13
Due to the non-normality of stock returns, nonparametric rank tests are gaining accceptance relative to parametric tests in financial economics event studies. In rank tests, financial assets’ multiple day cumulative abnormal returns (CARs) are replaced by cumulated ranks. This paper proposes...
Persistent link: https://www.econbiz.de/10013168738
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The Impact of vertical theories of harm on investor returns : an event study of US vertical mergers
Sonenshine, Ralph; Da, Seyni - In: Journal of risk and financial management : JRFM 15 (2022) 7, pp. 1-19
.24% of the dollar abnormal return) on the bargaining position of targets. In contrast, acquirers gain 0.45% and 0.39% of the … dollar abnormal return relative to targets when the antitrust concern entails collusive effects or elimination of potential …
Persistent link: https://www.econbiz.de/10013370976
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Cross-border acquisitions and shareholders’ wealth : the case of the Indian pharmaceutical sector
Wajid, Abdul; Sabiha, Anjim; Akhtar, Shakeb; Tabash, … - In: Journal of risk and financial management : JRFM 15 (2022) 10, pp. 1-17
-border acquisitions and shareholders’ wealth in the Indian pharmaceutical sector. For this purpose, the data related to acquisitions were … current research prescribe that cross-border acquisitions have a positive and significant impact on shareholders’ wealth …
Persistent link: https://www.econbiz.de/10013471449
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Shareholder activism and its impact on profitability, return, and valuation of the firms in India
Shingade, Sudam; Rastogi, Shailesh; Bhimavarapu, … - In: Journal of risk and financial management : JRFM 15 (2022) 4, pp. 1-20
valuation (Tobin’s Q and Market capitalization), profitability (operating profit margin and net profit margin), and return … ratios (Return on capital and return on equity). Panel data analysis (PDA) is employed for the current study as it overcomes …
Persistent link: https://www.econbiz.de/10013168731
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Testing stock market efficiency from spillover effect of Panama leaks
Nasir, Adeel; Gherghina, Stefan Cristian; Mata, Mário Nuno - In: Journal of risk and financial management : JRFM 15 (2022) 2, pp. 1-23
On 3 April 2016, Mossack Fonseca provided the historically most significant leak of its shareholder’s data for owning … offshore companies. Shareholders include many political and influential figures around the globe, which causes a moral hazard …
Persistent link: https://www.econbiz.de/10012821618
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Government subsidisation and shareholder wealth impact : evidence from Malaysia
Sinnadurai, Philip; Ravichandran K. Subramaniam; S. … - In: Journal of risk and financial management : JRFM 14 (2021) 9, pp. 1-24
at generating shareholder wealth: an intrinsic value surrogate and return on equity. The final sample comprises 1732 …
Persistent link: https://www.econbiz.de/10012627662
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Understanding post-privatisation performance of statutory bodies subject to government shareholding : a suggested theoretical framework, for malaysian researchers
Sinnadurai, Philip; S. Susela Devi - In: Journal of risk and financial management : JRFM 15 (2022) 5, pp. 1-15
The purpose of this concept paper is to suggest a theoretical framework for understanding the post-privatisation performance of statutory bodies, subject to government shareholding. We identify a suitable model, from the analytical economics literature. We argue that this model is a...
Persistent link: https://www.econbiz.de/10013273495