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Clustering of annual general meetings and stock returns: UK evidence

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  • Lawal, Tolulola

Abstract

We find evidence of a significantly negative relationship between stock returns and the clustering of annual general meetings in the UK. The negative returns during the clustering of annual general meetings are not, however, economically significant. We caution against interpreting our results as evidence of a “new anomaly” in stock market returns.

Suggested Citation

  • Lawal, Tolulola, 2016. "Clustering of annual general meetings and stock returns: UK evidence," Journal of Behavioral and Experimental Finance, Elsevier, vol. 11(C), pages 9-12.
    • Handle: RePEc:eee:beexfi:v:11:y:2016:i:c:p:9-12
    DOI: 10.1016/j.jbef.2016.05.001
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    More about this item

    Keywords

    Annual general meeting; Stock return; Market anomaly; Market efficiency;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading

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