IDEAS home Printed from https://ideas.repec.org/a/icf/icfjar/v07y2008i4p64-78.html
   My bibliography  Save this article

The Effect of Quarterly Earnings Announcements on Sensex:A Case with Clustering of Events

Author

Listed:
  • Santu Das
  • J K Pattanayak
  • Pramod Pathak

Abstract

An event study examines the return behavior of a sample of firms experiencing common type of event, for e.g., earning announcement, stock split, issue of new debt or equity, merger and acquisition and so on. The objective is to asses the significance of the economic event on the market value of the firm. This paper investigates the impact of quarterly earnings announcements on the stock price movement of the firms constituting the BSE-Sensex. Daily return data has been used to study the mean stock price effect. The effect of clustering of events has been accommodated to analyze the effect of announcements. The study also examines the drifting up of share prices with reference to ‘good announcement’ and ‘bad announcement’.

Suggested Citation

  • Santu Das & J K Pattanayak & Pramod Pathak, 2008. "The Effect of Quarterly Earnings Announcements on Sensex:A Case with Clustering of Events," The IUP Journal of Accounting Research and Audit Practices, IUP Publications, vol. 0(4), pages 64-78, October.
    • Handle: RePEc:icf:icfjar:v:07:y:2008:i:4:p:64-78
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. P. A. Padmanabhan, 2018. "Do Demerger Announcements Impact Shareholders Wealth? An Empirical Analysis Using Event Study," Vision, , vol. 22(1), pages 22-31, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:icf:icfjar:v:07:y:2008:i:4:p:64-78. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: G R K Murty (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.