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The paradox of securities markets efficiency : where to next?

Sappideen, Razeen - 2009

This article examines the claim of securities markets efficiency based on the efficient markets hypothesis (EMH), which … price efficiency. This undermining seems to have been caused by forces exogenous to the firm. Nonetheless, securities …

Persistent link: https://www.econbiz.de/10009481896

Examination of the long-run market reaction to the announcement of dividend omissions and reductions (An)

Liu, Yi - 2003

This study investigates the long-run stock performance following dividend omissions and reductions, and looks for answers for three questions: 1) Does the market underreact to announcement of dividend omissions and reductions? 2) if the market does, how long does it take for the market to...

Persistent link: https://www.econbiz.de/10009451046

The efficiency of African stock markets : a comparative analysis

Mlambo, Chipo - 2006

of stock price behaviour only if it is not outperformed by any of thealternative models in forecasting stock prices out … stock prices behavein a random manner. This phenomenon is investigated on African stock markets usingindices returns. The … study benchmarks the findings with those of South Africa'sJohannesburg Stock Exchange (JSE) Securities Exchange; other …

Persistent link: https://www.econbiz.de/10009442072

Role of venture capital financing in inflating the technology stock market bubble

Rosenbloom, Jessica - 2002

Comprising nearly one-third of the nation's gross domestic product from 1995 to 1999, the growth of the Information Technology industry took a backseat to dot.com mania. Its companies, however, were just as influential in creating the stock market bubble. Characterized by high technology, high...

Persistent link: https://www.econbiz.de/10009474979

Three essays on seasoned equity offerings

Ho, Yueh-Fang - 2004

This study focuses on three related aspects of seasoned equity offerings (SEOs) that together cast light on the relation between the market reaction to an SEO announcement and post-offering performance. Considering mediocre post-offering performance, the first essay addresses the question: Do...

Persistent link: https://www.econbiz.de/10009451048