scholarly journals Share price reactions to tariff imposition announcements in the Trump era – An event study of the trade conflict

2021 ◽  
Author(s):  
Sascha Tobias Wengerek ◽  
André Uhde
Keyword(s):  
Event Study ◽  
Share Price ◽  
Price Reactions

scholarly journals Impact of Smoking Ban Fatwa on Indonesian Tobacco’s Company

2013 ◽  
Vol 2 (2) ◽  
pp. 76-86
Author(s):  
Gatot Soepriyanto ◽  
Paulina Santoso
Keyword(s):  
Event Study ◽  
Abnormal Returns ◽  
Tobacco Consumption ◽  
Share Price ◽  
Market Model ◽  
Smoking Ban ◽  
Muslim Population ◽  
Stock Market Return ◽  
Study Methodology ◽  
Event Study Methodology

The objective of this study is to assess the share price reactions to smoking ban fatwa on Indonesia tobacco’s company. We expect that the smoking ban fatwa in the world’s largest Muslim population will hit the tobaccos industry revenues, lower tobacco’s company profit and eventually affect the share price of those firms. We use event study methodology and standard market model to calculate abnormal returns of the tobacco’s firms related to the news of smoking ban fatwa. Our study failed to find a statistically significant effect of smoking ban fatwa on tobacco’s firm stock market return. It suggests that the investors do not see the fatwa as a factor that may control the tobacco consumption in Indonesia – thus it may not affect the tobacco’s firm revenues and profit in the future

SHARE PRICE REACTIONS TO WORK-FAMILY INITIATIVES: AN INSTITUTIONAL PERSPECTIVE.

2003 ◽  
Vol 46 (4) ◽  
pp. 497-505 ◽  
Author(s):  
M. M. Arthur
Keyword(s):  
Share Price ◽  
Institutional Perspective ◽  
Price Reactions ◽  
Work Family

Contrarian Share Price Reactions to Earnings Surprises

2011 ◽  
Vol 27 (2) ◽  
pp. 236-266 ◽  
Author(s):  
W. Bruce Johnson ◽  
Rong Zhao
Keyword(s):  
Share Price ◽  
Earnings Surprises ◽  
Price Reactions

How does capital market respond to Certified Emission Reductions (CERs) announcements in India

2019 ◽  
Vol 45 (7) ◽  
pp. 950-965 ◽  
Author(s):  
Praveen Kumar ◽  
Mohammad Firoz
Keyword(s):  
Event Study ◽  
Stock Prices ◽  
Abnormal Returns ◽  
Share Price ◽  
Emission Reductions ◽  
Content Type ◽  
Share Prices ◽  
The Mean ◽  
The Impact ◽  
The Relationship

Purpose The purpose of this paper is to analyze the relationship between Certified Emission Reductions (CERs) information and a firm’s stock prices. Design/methodology/approach The present study is based on 193 CERs announcements by Indian firms over a 13-year period 2005–2017. The event study methodology is used to examine the impact of CERs announcements on a firm’s share prices. Findings The study suggests that the issuance of CERs did not produce any significant abnormal return. More specifically, the outcomes of event study shows that over a two-day event window from the event day to the day after the event (i.e. days 0 to 1), the mean and median of AARs are −0.25 and −0.34 percent, respectively. The abnormal returns on day 1 are not statistically significant as per the t-test. Moreover, the mean and median of abnormal returns after one day (−1) are negative, indicating that investors react negatively to CERs announcements. However, the mean and median of CAARs over both the two-day (i.e. days −1 to 0 and days 0 to +1) and three-day (i.e. days −1 to +1) event windows are positive, but not statistically significant based on the t-test. Research limitations/implications The findings of the study are quite comprehensive, relatively used only market-based criteria of a firm’s financial performance, e.g., share price, at times, inhibits generalizing the results. Originality/value To the best of the author’s knowledge, the present study is a first of its kind to investigate the relationship between the CERs information and a firm’s stock prices.

Share price reactions to advertising announcements and broadcast of media events

2008 ◽  
Vol 30 (4) ◽  
pp. 253-264 ◽  
Author(s):  
Greg Filbeck ◽  
Xin Zhao ◽  
Daniel Tompkins ◽  
Peggy Chong
Keyword(s):  
Share Price ◽  
Media Events ◽  
Price Reactions

scholarly journals What does the market say about say-on-pay? A look at the Canadian bank experience

2012 ◽  
Vol 1 (3) ◽  
pp. 142-155 ◽  
Author(s):  
Kim Trottier
Keyword(s):  
Executive Compensation ◽  
Event Study ◽  
Economic Benefits ◽  
Share Price ◽  
Price Reaction ◽  
Say On Pay ◽  
News Announcement ◽  
Study Methodology ◽  
Event Study Methodology

This paper explores the share price reaction to a recent news announcement that Canadian banks were adopting say-on-pay, a policy that gives shareholders an annual non-binding vote on executive compensation. Using event study methodology, the effect of adopting this new policy is explored and found to be associated with a significant increase in share price. This result suggests that giving shareholders a voice on executive compensation is expected to generate economic benefits, which adds to the paucity of knowledge currently available to shareholders and legislators as they consider the consequences of say-on-pay.

SHARE PRICE REACTION TO CASH DIVIDEND ANNOUNCEMENT: AN EVENT STUDY OF LISTED FIRMS IN KENYA

2019 ◽  
Vol 9 (1) ◽  
pp. 119-127
Author(s):  
George Gikama Muthoni
Keyword(s):  
Event Study ◽  
Descriptive Analysis ◽  
Joint Effect ◽  
Share Price ◽  
Future Research ◽  
Cash Dividend ◽  
Listed Firms ◽  
Price Reaction ◽  
Descriptive Research ◽  
Study Methodology

This study aimed to establish the effect of cash dividend announcement on share price reaction of the firms listed on the Nairobi Securities Exchange (NSE). This study used Event Study methodology with purely secondary drawn data from 24 firms listed on the NSE who meet the study threshold with an event window of eleven (11) days during the year 2008-2013. The study adopted the descriptive research design and sampling de-sign being purposive. STATA version SE12 was used to produce a descriptive analysis. The findings indicate that the share price reaction to dividend announcement is posi-tive for a dividend increase and negative for dividend decrease and constant for the constant dividend. The study therefore recommends that the effect of the dividend on the firm’s share price is very crucial for not only the literature but also for the regula-tion and supervision of the capital market and that further development of accounting standards, increased auditing skills, and advances in investor education will likely make dividends even more important in the future. Following these findings, it would be useful to also consider the following directions for future research on whether there is any joint effect of cash dividend, bonus issues, and right issues on the share price of firms listed on NSE.

scholarly journals The impact of new, renewal and termination sponsorship announcements on share price returns

2014 ◽  
Vol 15 (4) ◽  
pp. 10-25 ◽  
Author(s):  
Thomas S Kruger ◽  
Michael Goldman ◽  
Mike Ward
Keyword(s):  
Competitive Advantage ◽  
Event Study ◽  
Share Price ◽  
Sports Sponsorship ◽  
Study Methodology ◽  
The Impact ◽  
Event Study Methodology

What impact do sports sponsorship announcements have on the share price returns of sponsoring firms? This research examines the impact of new, renewal and termination sponsorship announcements on returns, employing event study methodology to analyse 118 announcements made by 19 firms over more than 11 years. The mixed findings across all three announcement types indicate the lack of consideration given to sponsorship investment by investors. The findings suggest that, although firms may position their sponsorships so that they contribute towards a competitive advantage, announcements of sports sponsorships are not always taken into account by the market.

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