An Empirical Analysis on Volatility Pattern of Bombay Stock Exchange (BSE)

2017 ◽  
Vol 17 (2) ◽  
pp. 114
Author(s):  
Pramod Kumar Patjoshi ◽  
Goutam Tanty
Keyword(s):  
Empirical Analysis ◽  
Stock Exchange

scholarly journals Price adjustments on the Johannesburg Stock Exchange for unexpected and dramatic news events: An empirical analysis

1989 ◽  
Vol 20 (3) ◽  
pp. 119-128 ◽  
Author(s):  
N. Bhana
Keyword(s):  
Empirical Analysis ◽  
Stock Exchange ◽  
Abnormal Returns ◽  
Short Term ◽  
Johannesburg Stock Exchange ◽  
Price Adjustments ◽  
Weak Evidence ◽  
News Events ◽  
One Year

The objective of this study is to determine whether companies listed on the Johannesburg Stock Exchange overreacted to unexpected favourable and unfavourable company-specific news events during the period 1970 - 1984. The JSE appears to be inefficient in reacting to the announcement of unfavourable news; economically significant abnormal returns up to one year following the event are observed. The JSE does not appear to overreact to news of a favourable nature, there is only weak evidence of short-term overreaction. The selling pressure caused by panic selling could depress prices well below levels justified by the unfavourable news. The magnitude of the overreaction to unfavourable news is sufficient to enable astute investors to outperform the market by taking positions in these securities. Knowledge of the pattern of market overreaction can also be of value to investors for transactions that are to take place anyway.

scholarly journals Exploring the moderating effect of family CEO on the association between family ownership and firm value: An empirical analysis of top Indian family firms

2015 ◽  
Vol 12 (2) ◽  
pp. 349-361
Author(s):  
Lakshmi Kalyanaraman
Keyword(s):  
Family Member ◽  
Empirical Analysis ◽  
Interaction Effect ◽  
Firm Value ◽  
Family Firms ◽  
Stock Exchange ◽  
Moderating Effect ◽  
Market Valuation ◽  
Family Ownership ◽  
The Relationship

We study 288 family firms included in the NSE CNX 500 index of the National Stock Exchange of India. We find an entrenchment-alignment-entrenchment relationship between family ownership and firm value. We show that family CEO has a negative moderating effect on the relationship between family ownership and firm value. When the interaction effect of Family CEO on family ownership is controlled, only family shareholding in the alignment range is found to be statistically significant. The study shows that family firms with family CEO suffer from a decrease in market valuation. This finding is extremely valuable given the fact that India is dominated by family firms and majority of family firms appoint a family member as CEO

scholarly journals German corporate governance code and most commonly unaccepted recommendations: Introduction and some explanation

2006 ◽  
Vol 3 (2) ◽  
pp. 10-14 ◽  
Author(s):  
Ralf Bebenroth
Keyword(s):  
Corporate Governance ◽  
Empirical Analysis ◽  
Stock Exchange ◽  
Good Reason ◽  
Corporate Governance Code ◽  
German Stock

This study presents an empirical analysis of compliance. In the year 2002 the German Corporate Governance Commission introduced a Corporate Governance Code to companies listed on the German stock exchange. Each company in noncompliance with one or more of the recommendations must explain in writing. Regarding the 2003 amended Code, this study identifies the Most Commonly Unaccepted Recommenations (MCURs). Finally it gives some explanation why some companies have good reason not to follow all the recommendations like the German Corporate Governance Commission want them to

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