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Stock splits and the efficiency of the Nigerian stock market
16 references·1 citing·32 second hop
Stock splits and the efficiency of the Nigerian stock market (1998)Stock splits and the efficiency of the Ni…A nonparametric test for abnormal security-price performance in event studies (1989)A nonparametric test for abno…Stock splits, stock prices, and transaction costs (1988)Stock splits, stock prices, a…Volatility increases subsequent to stock splits: An empirical aberration (1985)Volatility increases subseque…Using daily stock returns (1985)Using daily stock returnsMeasuring security price performance (1980)Measuring security price perf…The Sensitivity of the Efficient Market Hypothesis to Alternative Specifications of the Market Model (1979)The Sensitivity of the Effici…Risk measurement when shares are subject to infrequent trading (1979)Risk measurement when shares …Equity Rights Issues and the Efficiency of the UK Stock Market (1979)Equity Rights Issues and the …Dividend information, stock returns and market efficiency-II (1978)Dividend information, stock r…Foundations of Finance. (1977)Foundations of Finance.A critique of the asset pricing theory's tests Part I: On past and potential testability of the theory (1977)A critique of the asset prici…INSIDERS AND MARKET EFFICIENCY (1976)INSIDERS AND MARKET EFFICIENCYInvestor Evaluation of Accounting Information: Some Empirical Evidence (1972)Investor Evaluation of Accoun…EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)EFFICIENT CAPITAL MARKETS: A …THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)THE PERFORMANCE OF MUTUAL FUN…A Simplified Model for Portfolio Analysis (1963)A Simplified Model for Portfo…Corporate governance and performance of Nigerian listed firms: Further evidence (2008)Corporate governance and perf…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)An Empirical Evaluation of Accounting Income Numbers (1968)Risk, Return, and Equilibrium: Empirical Tests (1973)The Cross-Section of Expected Stock Returns (1992)R2 around the world: New theory and new tests☆ (2005)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)The relationship between return and market value of common stocks (1981)Efficient Capital Markets: II (1991)Multifactor Explanations of Asset Pricing Anomalies (1996)Portfolio Theory and Capital Markets. (1972)Special Information and Insider Trading (1974)Merger Announcements and Insider Trading Activity: An Empirical Investigation (1981)Insider Trading around Dividend Announcements: Theory and Evidence (1991)Corporate policies restricting trading by insiders (2000)Portfolio Selection: Efficient Diversification of Investments (1959)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The Adjustment of Stock Prices to New Information (2003)The Adjustment of Stock Prices to New Information (1969)Event Studies in Economics and Finance (1997)Introductory Econometrics for Finance (2008)Time Series Analysis: Forecasting and Control (1977)Time Series Analysis: Forecasting and Control (1977)ARCH modeling in finance (1992)The Behavior of Stock-Market Prices (1965)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Users of the world, unite! The challenges and opportunities of Social Media (2009)The Event Study Methodology Since 1969 (1998)Does female board representation influence firm performance? The Danish evidence (2007)Econometrics of Event Studies**We thank Espen Eckbo, Jon Lewellen, Adam Kolasinski, and Jay Ritter for insightful comments, and Irfan Safdar and Alan Wancier for research assistance. (2007)Does the Stock Market Overreact? (1985)Noise Trader Risk in Financial Markets (1990)
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References

  • 1970EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK*15,723 cited
  • 1985Using daily stock returns6,497 cited
  • 1968THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–19644,330 cited
  • 1980Measuring security price performance3,330 cited
  • 1977A critique of the asset pricing theory's tests Part I: On past and potential testability of the theory3,006 cited
  • 1979Risk measurement when shares are subject to infrequent trading2,767 cited
  • 1963A Simplified Model for Portfolio Analysis2,740 cited
  • 1977Foundations of Finance.1,128 cited
  • 1989A nonparametric test for abnormal security-price performance in event studies1,077 cited
  • 1976INSIDERS AND MARKET EFFICIENCY488 cited
  • 1978Dividend information, stock returns and market efficiency-II412 cited
  • 1988Stock splits, stock prices, and transaction costs316 cited
  • 1985Volatility increases subsequent to stock splits: An empirical aberration255 cited
  • 1972Investor Evaluation of Accounting Information: Some Empirical Evidence207 cited
  • 1979Equity Rights Issues and the Efficiency of the UK Stock Market163 cited
  • 1979

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The Sensitivity of the Efficient Market Hypothesis to Alternative Specifications of the Market Model
118 cited

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  • 2008Corporate governance and performance of Nigerian listed firms: Further evidence16 cited