Impact of public announcements on stock prices: relation between values of stock prices and the price changes in Lithuanian stock market

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Collection:
Mokslo publikacijos / Scientific publications
Document Type:
Straipsnis / Article
Language:
Anglų kalba / English
Title:
Impact of public announcements on stock prices: relation between values of stock prices and the price changes in Lithuanian stock market
Authors:
In the Journal:
Procedia - social and behavioral sciences, 2014, 156, p. 538-542
Subject Category:
LT
Vilnius. Vilniaus kraštas (Vilnius region); Lietuva (Lithuania); Finansai. Kapitalas / Finance. Capital.
Summary / Abstract:

ENThe previous studies have shown that there is a relation between values of stock prices and the price changes caused by public announcements. Thus the aim of this paper is to examine if the respective relation can be observed in Lithuanian stock market and how this relation is affected by different categories and types of announcements. The research covers public announcements issued by companies listed in Vilnius Stock Exchange. Simplified version of event study methodology was used in this paper and average absolute and abnormal returns were computed. Most of the results in this paper are consistent with the previous studies and a negative correlation between the values of stock prices and the price changes caused by public announcements was estimated.

DOI:
10.1016/j.sbspro.2014.11.236
ISSN:
1877-0428
Subject:
Ekonomika / Economics
Permalink:
https://www.lituanistika.lt/content/71599
Updated:
2025-04-29 16:37:51
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