Capital gain from stock market does not always provide abnormal return to the investor. The level of abnormal return analysis can use Efficient Market Hypothesis to measure the efficiency of the stock market by using event study. The analysis also will use behavioral finance theory to elaborate...

How do dividend policy decisions affect a firm's stock price, is a widely researched topic in the field of investments and finance but still it remains a mystery that whether dividend policy affects the stock prices or not. There are those who suggest that dividend policy is irrelevant because...

A financial distress of company should be able anticipated smartly by its management to rerun the business without having any loss due to business failure. Thus, we need a model which could provide an early signal to company the probability of financial distress so that remedial efforts can be...

Capital intensity indicates how much money is invested to produce one rupee of sales revenue. Business tangible properties or tangible assets are real things that a company has such as buildings or equipment. Capital intensity and tangibility has the vital role in the firms' financial...