Market efficiency testing on JSE ALT-X | the effect of 2009 recession

Vatiswa Mlonzi

ISBN 10: 3639370449 / ISBN 13: 9783639370447

Verlag: VDM Verlag Dr. Müller, 2011

Market efficiency testing on JSE ALT-X | the effect of 2009 recession | Vatiswa Mlonzi | Taschenbuch | Englisch | VDM Verlag Dr. Müller | EAN 9783639370447 | Verantwortliche Person für die EU: preigu GmbH & Co. KG, Lengericher Landstr. 19, 49078 Osnabrück, mail[at]preigu[dot]de | Anbieter: preigu. Bestandsnummer des Verkäufers 106892212

Inhaltsangabe:

This book provides evidence of stock market reaction to earnings announcement during a recessionary period of the business cycle, provides evidence of the earnings' informativeness and provide evidence with regard to capital market efficiency of the Johannesburg Stock Exchange (JSE) ALT-X stock market. Empirical evidence demonstrates that there is substantial negative share price reaction to earnings announcements on the ALT-X stock market. The study in this book indicated that the information content of earnings is quite noticeable; however, during the event window chosen there was a constant stream of information, and no price recovery was observed in this study. The JSE ALT-X also shows the weak form of market efficiency. The research findings on which this book is based on have practical implications for investors, practitioners and academics alike. The findings shed light on the behaviour of a small ALT-X stock market in relation to finance theory.

Bibliografische Details

Titel: Market efficiency testing on JSE ALT-X | the...
Verlag: VDM Verlag Dr. Müller
Erscheinungsdatum: 2011
Einband: Taschenbuch
Zustand: Neu