Price adjustments on the Johannesburg Stock Exchange for unexpected and dramatic news events: An empirical analysis
The objective of this study is to determine whether companies listed on the Johannesburg Stock Exchange overreacted to unexpected favourable and unfavourable company-specific news events during the period 1970 - 1984. The JSE appears to be inefficient in reacting to the announcement of unfavourable...
Main Author: | |
---|---|
Format: | Article |
Language: | English |
Published: |
AOSIS
1989-09-01
|
Series: | South African Journal of Business Management |
Online Access: | https://sajbm.org/index.php/sajbm/article/view/951 |