Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor | Department of Management | en_US |
dc.creator | Chan, Wing-kwong Ringo | - |
dc.identifier.uri | https://theses.lib.polyu.edu.hk/handle/200/1797 | - |
dc.language | English | en_US |
dc.publisher | Hong Kong Polytechnic University | - |
dc.rights | All rights reserved | en_US |
dc.title | Evaluation of the relationship between stock prices and earnings announcements by listed companies in Hong Kong | en_US |
dcterms.abstract | This study examines the market's reaction to earnings announcements by the listed companies in the Hong Kong Stock Exchange . The earnings announcements were not found to generate a significant market reaction . Such a result is not consistent with the semi-strong form market efficiency . in that the price adjustment to publicly available information is immediate. Based on the findings in this study . Hong Kong Stock Exchange is a less than semi-strong form efficient market. The evidence found in the Hong Kong Stock market concerning the earnings announcement is different from the U.S. market which is a semi-strong efficient market . The response to the earnings announcement is not generally related to the firm size . The result of this study reveals that the market reactions by the Hang Seng Index shares and Non Hang Seng Index shares show similar overall results. | en_US |
dcterms.extent | vii, 72 leaves ; 30 cm | en_US |
dcterms.isPartOf | PolyU Electronic Theses | en_US |
dcterms.issued | 1995 | en_US |
dcterms.educationalLevel | All Master | en_US |
dcterms.educationalLevel | M.B.A. | en_US |
dcterms.LCSH | Stocks -- Prices -- China -- Hong Kong | en_US |
dcterms.LCSH | Corporate profits -- China -- Hong Kong | en_US |
dcterms.LCSH | Corporations -- China -- Hong Kong | en_US |
dcterms.LCSH | Hong Kong Polytechnic University -- Dissertations | en_US |
dcterms.accessRights | restricted access | en_US |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
b14834005.pdf | For All Users (off-campus access for PolyU Staff & Students only) | 2.2 MB | Adobe PDF | View/Open |
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