The Impact of Policy Announcement on Stock Market Volatility: Evidence from Currency Demonetisation in India

Sathyanarayana, Sheela; Gargesha, Sudhindra

doi:10.9790/487x-1901074763

Cited by 8 publications

(6 citation statements)

References 89 publications

(30 reference statements)

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“…According to the EMH perspective, a market is said to be "effective" if prices respond to new knowledge rapidly and on average without bias. The Efficient Market Hypothesis suggests that all the relevant knowledge available about a market stock is completely expressed in stock prices and no one can get abnormal profit from market (Alam et al, 2017;Sathyanarayana & Gargesha, 2017). From the findings of the study, it can be said that Indonesian stock market adjusted the news effectively and there was no abnormality in the market but Philippines stock market did not properly adjusted the news.…”

Section: Discussionmentioning

confidence: 78%

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Impacts of International Sports Events on the Stock Market: Evidence from the Announcement of the 18th Asian Games and 30th Southeast Asian Games

Harjito¹,

Alam²,

Dewi³

2021

jsf

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This paper assesses the influence of hosting major international sporting competitions on the host countries’ stock market performance before and after the announcement of such events. Specifically, this study explores whether stock markets of hosting countries experience cumulative average abnormal return (CAAR) during the aforementioned period. For the purposes of investigation, the study considers announcements of the 18th Asian Games and 30th Southeast Asian Games hosted by Indonesia and the Philippines, respectively. The LQ45 index of the Indonesia Stock Exchange (IDX) and PSEi index of the Philippines Stock Exchange (PSE) were chosen to test the significance of these events. It is found that only PSE experienced a significantly positive CAAR for the event. Findings of this study can make a significant contribution to helping national governments and investors understand the significance of sports to the economies of developing countries and how major sports events can improve stock market efficiency.

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Section: Discussionmentioning

confidence: 78%

“…The theory of Efficient Market Hypothesis (EMH) contends that stock prices fully reflect all the relevant information that is available about a stock in the market (Sathyanarayana & Gargesha, 2017). There are three forms of market efficiency.…”

Section: Literature Review and Theoretical Backgroundmentioning

confidence: 99%

Impacts of International Sports Events on the Stock Market: Evidence from the Announcement of the 18th Asian Games and 30th Southeast Asian Games

Harjito¹,

Alam²,

Dewi³

2021

jsf

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“…In a study by Chen and Hamori (2009), the world energy price index and China's international competitiveness were examined. A study by Sathyanarayana and Gargesha (2017) examined the impact of major political events and their impact on the stock market, based on the BSE Sensex, Nifty fifty and BSE100 index.…”

Section: Energy and Energy Indexmentioning

confidence: 99%

The Relationship between the Stock Price and the Energy Index: A Research on the Energy Company with the Highest Brand Value in Turkey

Huseynli

2022

IJEEP

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The energy sector is one of the main drivers for the activity of other sectors. In this study, the causality between the BIST energy index values and the stock prices of Enerjisa, the energy company with the highest brand value in Turkey, in the period between January 2011 and June 2022, using the Granger causality test, was examined. Before proceeding to the Granger method, a series of necessary tests were carried out in accordance with the methodology, and appropriate lag lengths were determined. As a result of the study, a bilateral causality relationship was determined between the stock prices of Enerjisa company and the BIST energy index values. In other words, these variables become the Granger cause of each other.

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“…Efficient Market Hypothesis atau yang dikernal dengan EMH merupakan sebuah konsem yang dikembangkan oleh Eugene Fama pada tahun 1970 (Sathyanarayana & Gargesha, 2017).…”

Section: Efficient Market Hypothesisunclassified

The Pengaruh Kebijakan Dividen Terhadap Abnormal return dengan Informasi Laba sebagai Variabel Pemoderasi

Ayyasyi

2022

wahana-akuntansi

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Penelitian ini dilakukan dengan tujuan untuk mengetahui pengaruh kebijakan dividen terhadap abnormal return dengan informasi laba sebagai variabel pemoderasi. Metode purposive sampling digunakan sebagai teknik pengambilan sampel dengan 22 perusahaan terpilih dari 45 perusahaan yang terdaftar dalam indeks LQ45 di Bursa Efek Indonesia (BEI) pada tahun 2016 hingga tahun 2020. Penelitian ini menggunakan data sekunder yang diperoleh melalui peranti lunak Home Onlie Trading System Mirae Asset Sekuritas untuk mendapatkan informasi terkait dividen dan harga saham dan juga publikasi laporan tahunan yang didapatkan melalui website BEI untuk mendapatkan informasi terkait laba perusahaan. Hasil penelitian ini menunjukan bahwa kebijakan dividen memiliki pengaruh negatif terhadap abnormal return. Sedangkan informasi laba tidak dapat memoderasi pengaruh kebijakan dividen terhadap abnormal return.

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The Impact of Policy Announcement on Stock Market Volatility: Evidence from Currency Demonetisation in India

Cited by 8 publications

References 89 publications

Impacts of International Sports Events on the Stock Market: Evidence from the Announcement of the 18th Asian Games and 30th Southeast Asian Games

Impacts of International Sports Events on the Stock Market: Evidence from the Announcement of the 18th Asian Games and 30th Southeast Asian Games

The Relationship between the Stock Price and the Energy Index: A Research on the Energy Company with the Highest Brand Value in Turkey

The Pengaruh Kebijakan Dividen Terhadap Abnormal return dengan Informasi Laba sebagai Variabel Pemoderasi

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