AN EMPIRICAL ANALYSIS OF IMPACT OF RIGHT ISSUES ON SHAREHOLDERS RETURNS OF INDIAN LISTED COMPANIES

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Published: Aug 25, 2021
Keywords:
Right Issue, Event study, Announcement date, Abnormal returns

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Pooja Miglani
Assistant Professor PG Deptt. of Commerce & Management Apeejay College of Fine Arts, Jalandhar, Punjab, India

Abstract

This study explores the impact of right shares issued by Indian companies that took place during 2005 & 2010. The samples of 32 right issues have been used to study the announcement effect. The study examines the stock price reaction to information content of right issues with a view of finding whether Indian stock market is semi-strong efficient or not. The standard event study methodology has been used for the purpose of examining the right issue announcement reaction. The study reveals statistically significant abnormal returns on the announcement & surrounding dates.

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How to Cite
Pooja Miglani. (2021). AN EMPIRICAL ANALYSIS OF IMPACT OF RIGHT ISSUES ON SHAREHOLDERS RETURNS OF INDIAN LISTED COMPANIES. Researchers World - International Refereed Social Sciences Journal, 2(4), 169–176. Retrieved from https://researchersworld.com/index.php/rworld/article/view/354
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Vol. 2 No. 4 (2011)
Section
Articles
Copyright (c) 2011 ERM Publications

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