Impact of public announcements on stock prices: the example of Lithuanian stock market considering values of stock prices

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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: the example of Lithuanian stock market considering values of stock prices
Authors:
In the Journal:
Economics and business. 2014, vol. 26, p. 107-112
Keywords:
LT
Finansai. Kapitalas / Finance. Capital.
Summary / Abstract:

LTReikšminiai žodžiai: Akcijų kainos; Lietuvos akcijų rinka; Nenormali grąža; Vieši pranešimai; Abnormal returns; Lithuanian stock market; Public announcements; Stock prices.

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 it is affected by different categories of announcements. A simplified version of the event study methodology was used in this paper and the average absolute and abnormal returns were calculated. A negative correlation between the values of stock prices and the price changes caused by public announcements was observed; that is consistent with the previous studies. [From the publication]

DOI:
10.7250/eb.2014.027
ISSN:
2256-0386; 2256-0394
Subject:
Ekonomika / Economics
Related Publications:
Impact of public information signals on share prices : evidence from Lithuania / Vilis Eizentas, Rytis Krušinskas, Jurgita Stankevičienė. Ekonomika ir vadyba. 2012, Vol. 17, no. 3, p. 879-888.
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https://www.lituanistika.lt/content/79069
Updated:
2021-02-02 19:04:03
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