An Emperical Examination of the Informational Content Of Bonus Issue Announcements In Sri Lanka
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F09%3A63508464" target="_blank" >RIV/70883521:28120/09:63508464 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
An Emperical Examination of the Informational Content Of Bonus Issue Announcements In Sri Lanka
Original language description
This study examines share price reaction to the announcement of bonus share issues for a sample of Sri Lankan companies over the period January 2003 to December 2007. Sample of the study includes 62 bonus issue announcements and the standard event analysis methodology is used to examine the abnormal returns around the announcement day (day 0). The risk-adjusted (market model) price reaction on announcement day is positive and statistically significant, averaging 11.23%. Further, the study finds that there are no any information leakages or delays reactions to the bonus issue announcements in the Sri Lankan market.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AE - Management, administration and clerical work
OECD FORD branch
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Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2009
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
11. Mezinárodní konference MEKON 2009
ISBN
978-80-248-2013-2
ISSN
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e-ISSN
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Number of pages
8
Pages from-to
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Publisher name
VŠB TU Ostrava
Place of publication
Ostrava
Event location
Ostrava
Event date
May 20, 2009
Type of event by nationality
CST - Celostátní akce
UT code for WoS article
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