Economics, Econometrics and Finance
5 years ago

Indian Stock Market Inefficient: Shareholders Lose with Open Offer Announcements.

1 view
SSRN Electronic Journal
Impact of Public Announcement of Open Offer on Shareholders Return: An Empirical Test for Efficient Market Hypothesis
Anamika Sharma

Paper Summary

The study tested if the Indian stock market is efficient by looking at how share prices react to public announcements like open offers. The researchers found that the market does not adjust promptly or accurately to these events, suggesting that the stock market in India is not efficient in the semi-strong form.

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