An Event Study: Efficient or Not? Share Prices' Reactions to Dividend Announcements in Hong Kong Stock Market
This dissertation is an event study in the area of Efficient Market Hypothesis (EMH), it focuses on exploring the impact of dividend announcements on share prices' movements in Hong Kong stock market. A sample of 43 companies containing 185 announcements within the recent 5 years is selected an...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2008
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| Online Access: | https://eprints.nottingham.ac.uk/22078/ |
| _version_ | 1848792353141161984 |
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| author | Leng, Xinyu |
| author_facet | Leng, Xinyu |
| author_sort | Leng, Xinyu |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | This dissertation is an event study in the area of Efficient Market Hypothesis (EMH), it focuses on exploring the impact of dividend announcements on share prices' movements in Hong Kong stock market. A sample of 43 companies containing 185 announcements within the recent 5 years is selected and t-test is employed as means to test the statistical significance of abnormal returns around the announcement dates. The result of this study suggests that the Hong Kong stock market is inefficient with regard to the semi-strong form EMH. |
| first_indexed | 2025-11-14T18:43:03Z |
| format | Dissertation (University of Nottingham only) |
| id | nottingham-22078 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T18:43:03Z |
| publishDate | 2008 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-220782018-02-16T15:32:00Z https://eprints.nottingham.ac.uk/22078/ An Event Study: Efficient or Not? Share Prices' Reactions to Dividend Announcements in Hong Kong Stock Market Leng, Xinyu This dissertation is an event study in the area of Efficient Market Hypothesis (EMH), it focuses on exploring the impact of dividend announcements on share prices' movements in Hong Kong stock market. A sample of 43 companies containing 185 announcements within the recent 5 years is selected and t-test is employed as means to test the statistical significance of abnormal returns around the announcement dates. The result of this study suggests that the Hong Kong stock market is inefficient with regard to the semi-strong form EMH. 2008 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/22078/1/08MAXinyuLeng.pdf Leng, Xinyu (2008) An Event Study: Efficient or Not? Share Prices' Reactions to Dividend Announcements in Hong Kong Stock Market. [Dissertation (University of Nottingham only)] (Unpublished) |
| spellingShingle | Leng, Xinyu An Event Study: Efficient or Not? Share Prices' Reactions to Dividend Announcements in Hong Kong Stock Market |
| title | An Event Study: Efficient or Not? Share Prices' Reactions to Dividend Announcements in Hong Kong Stock Market |
| title_full | An Event Study: Efficient or Not? Share Prices' Reactions to Dividend Announcements in Hong Kong Stock Market |
| title_fullStr | An Event Study: Efficient or Not? Share Prices' Reactions to Dividend Announcements in Hong Kong Stock Market |
| title_full_unstemmed | An Event Study: Efficient or Not? Share Prices' Reactions to Dividend Announcements in Hong Kong Stock Market |
| title_short | An Event Study: Efficient or Not? Share Prices' Reactions to Dividend Announcements in Hong Kong Stock Market |
| title_sort | event study: efficient or not? share prices' reactions to dividend announcements in hong kong stock market |
| url | https://eprints.nottingham.ac.uk/22078/ |