Please use this identifier to cite or link to this item: https://elibrary.tucl.edu.np/handle/123456789/11490
Title: EFFECT OF DIVIDEND ANNOUNCEMENT ON STOCK RETURNIN NEPALESE STOCK MARKE
Other Titles: NEPALESE STOCK MARKET
Authors: TIMSINA, PUJA
Keywords: STOCK RETURNING;DIVIDEND ANNOUNCEMENT
Issue Date: Sep-2021
Institute Name: School of Management
Level: Masters
Abstract: The ambiguity and contradiction in results regarding the effect of dividend announcement on share prices come from different reasons which can include macro (Country-specific) and micro (Firm-specific) level changes in the literatures. When many research show that there is no significant evidence of semi-strong form of efficiency but accept the dividend signaling theory in context of dividend announcement (Dangol, 2016 and Anh, Phuong & Manh, 2016) while many researches have proven the existence of semi-strong form of efficiency (Dangol, 2018, Hussin et al. 2010, Aharony & Swary, 1980, Asquith & Mullins, 1986, Dhillon & Johnson, 1994, Amihud & Murgia, 1997). This provides the space for further research and discussion on the topic in Nepalese context as the test results have varying results in varying countries and time.
Description: Dividend announcement is one of the most important information about the company to the shareholders. According to the semi-strong form of EMH, the information made public must be adjusted to the price of the company within the event date for the market to be efficient.
URI: https://elibrary.tucl.edu.np/handle/123456789/11490
Appears in Collections:General Management

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