Research Scholar, Monad University, Hapur (U.P)
Online published on 8 August, 2018.
The Efficient market hypothesis can be best summarised in the words “The expected value of abnormal returns is zero, but chance generates deviations from zero (anomalies) in both directions”Fama (1998)The present event study supports the semi-strong form of market efficiency in case of dividend announcements by public sector banks.
Dividend Announcements, Semi-Strong Form of Efficient Market Hypothesis, Event Studies, Abnormal Returns, Pre and Post Announcement Periods, Charting
