Business, Management and Accounting
2 years ago

Bonus share announcements in India lead to significant negative impact on stock prices.

BSSS Journal of Management
STOCK PRICE RESPONSE TO BONUS SHARE ANNOUNCEMENT- EVIDENCE FROM NSE, INDIA
Disha Pathak, Komal Nagrani

Paper Summary

Stock prices of selected companies in India were analyzed after bonus share announcements between October 2019 to March 2021. The study found that bonus share announcements led to a negative impact on abnormal returns, indicating a decrease in stock prices following the announcement.

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