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| Tekijä: | Zdanowicz, J. Sanders, R. |
| Otsikko: | Some evidence on Ross' resolution irrelevancy hypothesis |
| Lehti: | Review of Quantitative Finance and Accounting
1995 : SEP, VOL. 5:3, p. 291-308 |
| Asiasana: | TESTS PRICES RESEARCH |
| Kieli: | eng |
| Tiivistelmä: | This research attempts to discriminate empirically between the predictable events and resolution irrelevancy hypotheses as both pertain to abnormal stock price performance around regular and special proxy statement mailing dates and the related shareholder meeting dates. The authors find no evidence that these events result in the positive wealth effects suggested by the predictable events hypothesis. They do find evidence of increased idiosyncratic stock price volatility or information flow aruns special meeting proxy statement mailing dates and special meeting dates. |
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