Associate Professor, Finance-St. Francis Institute of Management and Research
Online published on 3 April, 2017.
The paper attempts to study the impact of earnings announcements on stock returns in the Indian context. This paper empirically examines whether earning reports possesses information value that leads to changes in the stock returns of the stock traded in National stock exchange. The main objective of the study is to investigate the impact of quarterly earnings announcements on the stocks’ prices. Evidence of significant abnormal returns can be found in selected sample under study and it can be inferred that these announcements carry information value for investors. The results test the semi-strong form of market efficiency in the context of Indian stock markets.
Earnings, Abnormal Returns, Quarterly, Stock Returns
