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Longwood University

Theses/Dissertations

United States Stock exchanges

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Government Shutdown: A Test Of Market Effeciency, Jessica H. Woodard May 2015

Government Shutdown: A Test Of Market Effeciency, Jessica H. Woodard

Theses & Honors Papers

How does the market react to a government shutdown? Can investors earn above normal returns by acting on this type of information? How efficient is the market in reacting to the announcement of this type of event? This event study tests market efficiency theory by analyzing the impact of two recent US Government shutdowns on the risk adjusted stock price returns of a sample of 50 firms. This study used the standard risk adjusted event study methodology found in the finance literature. Evidence confirms the significant and consistent negative reaction of the risk adjusted returns for the two 50 firm …


Dividend Policy And Stock Price Volatility In The U.S. Equity Capital Market, Kyle A. Profilet Jan 2013

Dividend Policy And Stock Price Volatility In The U.S. Equity Capital Market, Kyle A. Profilet

Theses & Honors Papers

What factors affect the volatility of a stock's price over time? What specific financial factors lead a stock to be more volatile than others? This study attempts to identify the impact of certain financial variables on the volatility of a stock's price overtime by analyzing the.financial data of over 500 publicly traded.firms found through the Value Line Investment Survey database using Ordinary Least Squares (OLS) Regression. The study tests the effects of financial variables (deemed appropriate by the finance literature) on stock price volatility (as measured by the stock's standard deviation) for a sample of firms screened.from the Value …


The Impact Of Increased Dividend Announcements On Stock Price: A Test Of Market Efficiency, Douglas S. Laabs Jan 2013

The Impact Of Increased Dividend Announcements On Stock Price: A Test Of Market Efficiency, Douglas S. Laabs

Theses & Honors Papers

The purpose of this study is to test the semi-strong form efficient market hypothesis by analyzing the effects of increased dividend announcements on stock price. Specifically, is it possible to earn an above normal return on a publicly traded stock when the firm announ …