Prabhakar Rajkumar Karuppan

Impact of Corporate Announcements on Security Prices Prabhakar Rajkumar Karuppan

The study empirically evaluates the informal efficiency of the stock market with regard to the corporate announcements of 30 listed companies (Bombay Stock Exchange). The significance of the study is that investors can make use of the valuation of securities for corporate event announcement information. Corporate event announcement information and stock market informal efficiency are of greater interest to the investors, fund managers, policymakers, market regulators, Government, researchers, and the public. The present study is an attempt to test the informal efficiency of the stock market concerning the corporate announcement of Bombay Stock Exchanges' listed companies.