The portfolio of low-volatility stocks earns high risk-adjusted returns over a full market cycle. The annual alpha spread of low versus high-volatility quintile portfolios is 25.53% in the Indian equity market for the period from January 2000 to September 2018. The low-volatility (LV) effect is...

The reforms era of the nineties in India has led to the proliferation of the financial services industry and the introduction of several financial products and services. The myriad products have also given a lot of options to the investors for channelizing their savings. However, the choice of...

This paper examines price and liquidity effects associated with stock dividend (bonus) surrounding its announcement and effective day by using event studies methodology. The results show that while there is sufficient evidence of positive abnormal return associated just prior to and on the...