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Capital Market Implications of Corporate Disclosure: German Evidence
Grüning, Michael - In: BuR - Business Research 4 (2011) 1, pp. 48-72
This paper investigates the relationship between annual report disclosure, market liquidity, and capital cost for firms registered on the Deutsche Börse. Disclosure is comprehensively measured using the innovative Artificial Intelligence Measurement of Disclosure (AIMD). Results show that...
Persistent link: https://www.econbiz.de/10010421359
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Testing the weak-form efficiency market hypothesis: Evidence from Nigerian stock market
Gimba, Victor K. - In: CBN Journal of Applied Statistics 03 (2012) 1, pp. 117-136
In recent years, the Nigerian Stock Exchange (NSE) has witnessed an unprecedented growth in market capitalization … January 1993. This rising interest in investment opportunities in the NSE raises questions about its efficiency. This paper … tests the Weak-form Efficient Market Hypothesis of the NSE by hypothesizing Normal distribution and Random walk of the …
Persistent link: https://www.econbiz.de/10011482572
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Nigerian Stock Index: A search for optimal GARCH model using high frequency data
Yaya, OlaOluwa S. - In: CBN Journal of Applied Statistics 04 (2013) 2, pp. 69-85
Index (ASI) of Nigerian Stock Exchange (NSE) returns. A search is made on various GARCH variants specified on the …
Persistent link: https://www.econbiz.de/10011482591
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The impact of stock market manipulation on Nigeria's economic performance
Akinmade, Babatunde; Adedoyin, Festus Fatai; Bekun, … - In: Journal of Economic Structures 9 (2020) 52, pp. 1-28
This study is the first attempt to empirically analyse stock market manipulation on the Nigerian Stock Exchange and its consequences on economic performance. The empirical investigation employs a broad data set of 186 actual manipulation cases indicted by the Nigerian Security and Exchange...
Persistent link: https://www.econbiz.de/10013288329
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Evidences of Efficient Investment Portfolio in Indian Capital Markets - An Analysis Based on BSE and NSE Indices
Mehta, Deepshikha - 2015
Exchange (NSE) which include the Nifty Index would be considered for the period July 2012 to June 2014. The study shows …
Persistent link: https://www.econbiz.de/10011319146
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The consumption-oriented capital asset pricing model in the Nigerian Stock Exchange
Adegboye, Abidemi C. - In: CBN Journal of Applied Statistics 08 (2017) 2, pp. 117-142
In this study, the Consumption-oriented Capital Asset Pricing Model (CCAPM) is tested for Nigeria by considering …
Persistent link: https://www.econbiz.de/10011961662
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Testing for single bubble episode in the Nigerian stock market: An empirical investigation
Iliyasu, Jamilu; Saba, Ndayezhin D. - In: CBN Journal of Applied Statistics 10 (2019) 1, pp. 29-49
This study evaluates a single bubble episode in the Nigerian Stock Exchange (NSE) by utilizing monthly data on nominal …-Fuller (SADF) test for bubble detection suggests non-existence of a bubble in the NSE between 2010 and 2017. Though there is an … Nigerian Stock Exchange (NSE). The study, therefore recommends a time-to-time bubble diagnostic check on the exchange so that …
Persistent link: https://www.econbiz.de/10012229201
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Liquidity-adjusted CAPM: An empirical analysis on Indian stock market
Kumar, Gaurav; Misra, Arun Kumar - In: Cogent Economics & Finance 7 (2019) 1, pp. 1-15
This article examines the impact of various sources of systematic liquidity risk and idiosyncratic liquidity risk on expected returns in the Indian stock market. The study tested the liquidity-adjusted capital asset pricing model (LCAPM) which is previously tested on developed markets....
Persistent link: https://www.econbiz.de/10012657491
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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 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/10014332807
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Disclosures on control over financial reporting: The reporting practice of banks listed on the Warsaw Stock Exchange
Gad, Jacek - In: e-Finanse: Financial Internet Quarterly 11 (2015) 1, pp. 1-10
governance in the reporting practice of banks listed on the Warsaw Stock Exchange. The survey examined the disclosures concerning …. Research studies on disclosures related to control over financial reporting have not yet been conducted. The paper uses a … management systems in relation to financial reporting. The disclosures were different both in terms of level of detail and …
Persistent link: https://www.econbiz.de/10011551441