Do small caps generate above average returns in the Brazilian stock market?

Souza, Matheus José Silva de; Ramos, Danilo Guimarães Franco; Pena, Marina Garcia; Sobreiro, Vinícius Amorim; Kimura, Herbert

doi:10.1016/j.rdf.2018.05.002

Cited by 1 publication

(1 citation statement)

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“…However, the highest CAAR during the event window was discovered for small cap stocks and lowest CAAR for large cap stocks. According to the study de Souza et al (2018) conducted in Brazil, average returns of small cap firms do not appear to differ statistically significantly. Sehgal and Tripathi (2005) analysed the data for 482 firms listed in BSE 500 index during 1990-2003 and observed the return for small cap firms to be higher than large and mid-cap firms.…”

Section: Discussionmentioning

confidence: 92%

An event study analysis of the impact of bonus share announcements on Nifty 100 and Nifty Midcap 100 companies

Mahato

2022

IJABF

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This study examines how the large-cap and mid-cap firms listed on the National Stock Exchange responded to bonus share announcements between January 1, 2006, to September 30, 2022. The conventional event study approach has been utilized, along with the commonly used market model assessment of predicted returns to analyze 45 pure events during this period consisting of 20 events of large-cap and 25 events of midcap stocks. According to the analysis, stock values significantly changed around the time of occurrence. Announcements of stock dividends typically increase stock prices. The mean of average abnormal return around the event for Nifty Midcap 100 indexed companies (0.2087) is higher than that for Nifty 100 indexed companies (0.1446), although the difference is insignificant. The study also shows that the cumulative average abnormal return for Nifty Midcap 100 indexed companies (6.472) is higher than that for Nifty 100 indexed companies (4.483) during the event period.

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Section: Discussionmentioning

confidence: 92%

An event study analysis of the impact of bonus share announcements on Nifty 100 and Nifty Midcap 100 companies

Mahato

2022

IJABF

View full text Add to dashboard Cite

show abstract

Do small caps generate above average returns in the Brazilian stock market?

Cited by 1 publication

References 28 publications

An event study analysis of the impact of bonus share announcements on Nifty 100 and Nifty Midcap 100 companies

An event study analysis of the impact of bonus share announcements on Nifty 100 and Nifty Midcap 100 companies

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