Market efficiency testing on JSE ALTX: the effect of 2009 recession,Used

Market efficiency testing on JSE ALTX: the effect of 2009 recession,Used

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SKU: DADAX3639370449
Brand: VDM Verlag
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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) ALTX stock market. Empirical evidence demonstrates that there is substantial negative share price reaction to earnings announcements on the ALTX 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 ALTX 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 ALTX stock market in relation to finance theory.

⚠️ WARNING (California Proposition 65):

This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.

For more information, please visit www.P65Warnings.ca.gov.

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