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The January Effect: A Test Of Market Efficiency, Shelby Klock
The January Effect: A Test Of Market Efficiency, Shelby Klock
Theses & Honors Papers
The purpose of this study is to test the weakform efficient market hypothesis by analyzing the effects of year end selling/buying and the January effect on stock price. Specifically, is itpossible to earn an above normal return at the beginning of the new year? Numerous past studies suggest that at year end investors sell underperforming stocks, thus negatively impacting stock price . Past studies also suggest the repurchase of previou$ year losers in January causing upward pressure on stock price. According to the weakform efficient market hypothesis, it is not possible to outperform the market …
Dividend Policy And Stock Price Volatility In The U.S. Equity Capital Market, Kyle A. Profilet
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
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 …
Determinants Of Debt And Dividend Decisions: Trade-Off Vs Pecking Order, Caitlin A. Farrell
Determinants Of Debt And Dividend Decisions: Trade-Off Vs Pecking Order, Caitlin A. Farrell
Theses & Honors Papers
This study tests the trade-off and pecking order theories about the dividend and debt decisions for stock firms. The decision of a firm to use debt to finance investment opportunities is important since the firm's choice between debt or equity determines the optimal capital structure. Under the trade-off theory, there is some optimal balance between debt and equity, and the firm will use debt until the cost of taking on more debt is more expensive than the cost of issuing equity. The firm uses internal fonds first under the pecking order theory, and then if more financing is needed, the …
Stock Repurchase Announcements: A Test Of Market Efficiency, Nicholas A. Kinsler
Stock Repurchase Announcements: A Test Of Market Efficiency, Nicholas A. Kinsler
Theses & Honors Papers
The purpose of this study was to test the semi-strong form efficient market hypothesis by analyzing the effects of stock repurchase announcements on stock price. Specifically, is it possible to earn an above normal return on a publicly traded stock when thefirm announces a stock repurchase? Numerous past studies suggest that with a stock repW'chase announcement goes a positive signal about the company's future, thereby significantly increasing the firm's stock price. Firms repurchase undervalued stock, thus raising the stock price. According to the semi-strong form efficient market hypothesis, it is not possible to consistently outperform …