We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Do Quarterly Numbers Impact The Share Price on the Date of Earnings Announcement? A Panel Causality Approach.
- Authors
Faniband, Muhammadriyaj Munna; Marulkar, Kedar Vijay
- Abstract
This paper studies the impact of quarterly numbers, namely, total income, net profit and EPS on the share price on the date of announcement of thirty companies of S&P BSE SENSEX during April 2011 to March 2018 period. Descriptive statistics, panel unit root test and panel causality test are used for the analysis of data. The result indicates that total income, net profit and EPS do not lead to changes in share prices on the date of announcement across the companies. Therefore, it is suggested that investors and other players should not invest considering total income, net profit and EPS on the date of the earnings announcement.
- Subjects
S &; P Global Ratings Inc.; EARNINGS announcements; PROFIT-sharing; DESCRIPTIVE statistics; DATA analysis; EARNINGS per share
- Publication
Prajnān, 2019, Vol 48, Issue 2, p123
- ISSN
0970-8448
- Publication type
Article