OCK INCLUSION IN SELECTED INDICES – A STUDY OF IMPACT ON STOCK RETURNS AND LIQUIDITY MEASURES

Simple item page
dc.contributor.advisorGupta, Mohit
dc.contributor.authorRamandeep kaur
dc.date.accessioned2017-01-16T10:35:37Z
dc.date.available2017-01-16T10:35:37Z
dc.date.issued2011
dc.description.abstractStock inclusions and exclusions continuously happen in stock indices and many of the studies have shown that these events have effect on stock market performance in terms of return and volume. Present study “Stock Inclusion in Selected Indices- A Study of Impact on Stock Returns and Liquidity Measures” was undertaken to empirically access the impact of stock inclusions on stock returns and liquidity. Ten inclusions were randomly selected from a list of twenty stock inclusions and such selection was done for each of indices namely sensex representing large cap stocks, BSE mid cap index representing mid cap stocks and BSE small cap index representing small cap stocks. No abnormal and cumulative abnormal returns were found during event window ranging from e-1 through e+1 where „e‟ stands for event day. It was only in the mid cap stocks that significant abnormal and cumulative abnormal returns were found at e-4 day during pre event window upto e-10 days. During the post event window upto e+10 days the significant abnormal returns were found at e+4 day in case of mid cap and e+9 in case of small cap. No significant cumulative abnormal returns were found in post event window. No impact of stock inclusion was seen on liquidity measures of selected eventsen_US
dc.identifier.urihttp://krishikosh.egranth.ac.in/handle/1/96418
dc.language.isoenen_US
dc.publisherPunjab Agricultural Universityen_US
dc.research.problemOCK INCLUSION IN SELECTED INDICES – A STUDY OF IMPACT ON STOCK RETURNS AND LIQUIDITY MEASURESen_US
dc.subFinancial Management
dc.subjectabnormal returnsen_US
dc.subjectstocken_US
dc.these.typeM.B.A
dc.titleOCK INCLUSION IN SELECTED INDICES – A STUDY OF IMPACT ON STOCK RETURNS AND LIQUIDITY MEASURESen_US
dc.typeThesisen_US
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
thesis final.pdf
Size:
830.38 KB
Format:
Adobe Portable Document Format
Description:
FINANCIAL MANAGEMENT
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
2.28 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
Thesis