Abstract
The most concise definition of The Efficient Market Hypothesis is “The expected value of abnormal returns is zero, but chance generates deviations from zero (anomalies) in both directions” Fama (1998). The present event study gives evidence for the semi-strong form of market efficiency as seen in dividend announcements by public sector banks.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have