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Market efficiency testing on JSE ALT-X: the effect of 2009 recession - Couverture souple

Mlonzi, Vatiswa; G. Nthoesane (Ed.), Meiya

 
9783639370447: Market efficiency testing on JSE ALT-X: the effect of 2009 recession
Couverture souple
ISBN 10 : 3639370449 ISBN 13 : 9783639370447
Editeur : VDM Verlag Dr. Müller, 2011

Synopsis

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) ALT-X stock market. Empirical evidence demonstrates that there is substantial negative share price reaction to earnings announcements on the ALT-X 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 ALT-X 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 ALT-X stock market in relation to finance theory.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

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) ALT-X stock market. Empirical evidence demonstrates that there is substantial negative share price reaction to earnings announcements on the ALT-X 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 ALT-X 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 ALT-X stock market in relation to finance theory.

Biographie de l'auteur

Vatiswa Mlonzi is a Human Resources Practitioner, the founder and Director of Lumengo Services, a talent management company. She was a team Leader of Women In Aviation a South African Airways initiative. Meiya Nthoesane is a leadership & coaching executive, the founder of MBS Leadership Coaching Academy, and a fellow of Ford Foundation

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
VDM Verlag Dr. Müller
Date d'édition
2011
Langue
anglais
ISBN 10 
3639370449
ISBN 13 
9783639370447
Reliure
Broché
Nombre de pages
120
Coordonnées du fabricant
non disponible
Personne responsable
non disponible