Template-Type: ReDIF-Article 1.0 
Author-Name: Zubair Tanveer
Author-Email:  zubairtanveer007@gmail.com
Author-Workplace-Name:  Punjab Economic Research Institute, Lahore, Pakistan
Title: Speed of Adjustment of Stock Returns Around Dividend Announcements in Pakistan
Abstract:  This study investigates the behavior of stock prices to identify the speed of adjustment of stock returns in response to dividend declarations in the 10 most lucrative sectors of the Pakistan stock market. The event methodology results show that the Pakistan stock market is a semi-strong efficient market since share prices do not adjust rapidly in response to new information.
Classification-JEL:  G15
Keywords:  stock price adjustment,dividend announcement,event study methodology
Journal:  Asian Economics Letters
Pages: 1-5
Volume: 2
Issue: 4
Year:  2021
DOI:  2021/10/06
File-URL:  https://a-e-l.scholasticahq.com/api/v1/articles/25345-speed-of-adjustment-of-stock-returns-around-dividend-announcements-in-pakistan.pdf
File-Format:  Application/pdf
Handle:  RePEc:ayb:jrnael:45