A
Study of FTSE100 Companies’ Share Price Reactions to Earnings
Announcements (2008)
The
academic area under investigation provided in this study by the author
is the Efficient Market Hypothesis (EMH). The challenging environment
built through various academic prospects in this broad area tempted the
author to investigate through a limited time frame observational study
the validation of EMH in the London’s Stock Exchange FTSE100
index of companies quarterly positive earnings announcements and to
whether share prices conform with EMH examining also indications of any
anomalies (over/under-reaction). Through the study, previous
implications made by various academics as to the theoretical background
of the area, have been considered and interpreted. Findings from
previous studies were examined and compared with the findings of this
study as an attempt to make more solid the evidence provided through
the analysis in conjunction with the theoretical background of the area.
- 10,000 words - 96 pages
in length
- Good use of literature
- Excellent in Analysis
– AAR/CAAR
- Expertly written
throughout
- Ideal for finance
& accounting students
Chapter 1: Introduction
Aims
Theoretical basis
Structure of Study
Chapter
2: Literature
Review
The Random Walk Theory
Efficient Market Hypothesis
Weak Form Efficient Market Hypothesis
Semi-Strong Form Efficient Market Hypothesis
Strong Form Efficient Market Hypothesis
Conflicting Literature on EMH
Stock Anomalies
Behavioural Finance
Event Studies
Summary
Chapter
3: Methodology
Philosophical Basis
General Objectives
Deductive Research-Testing Theory
Structured Observation
Quantitative Research
Secondary data
The Data Sample
Event Study and Procedures
Hypothesis
Limitations of Study
Chapter
4: Analysis of
Findings
First stage of Analysis
Second Stage of Analysis-Further Investigation
Overreaction and Under-reaction Analysis
Summary
Chapter
5: Conclusion
Theoretical background
Methodology and Findings of Analysis
Further Study
Summary of Study
References
Bibliography
Appendix
Section
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