Market rationality after disclosure of relevant data: a Brazilian company case

Market rationality after disclosure of relevant data: a Brazilian company case

The goal of the research is to analyze the stock returns of Cielo SA based upon its intraday data to capture the influence of relevant facts on the share price and trading volume, at the early hours after the disclosure. The Efficient Market Hypothesis (EMH) and Behavioral Finance theories were test...

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Bibliographic Details
Main Authors: Carlos Elder Maciel de Aquino, José Everardo Alves Pereira, José Odalio dos Santos, Alexandre Franco de Godoi, Fernando de Almeida Santos
Format: Article
Language:English
Published: Universidad de Concepción 2019-12-01
Series:RAN
Subjects:
event study
intraday
efficient market hypothesis
Online Access:http://ran.udec.cl/ojs/index.php/ran/article/view/124

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