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Journal articles on the topic 'Event companies'
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Cherkashin, S. A., and V. S. Cherkashina. "Establishing a risk management system with comprehensive assessment of events." Finance and Credit 26, no. 7 (July 30, 2020): 1661–79. http://dx.doi.org/10.24891/fc.26.7.1661.
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Subject. The availability and adequacy of the risk management system of any company is taken into account by government regulation, rating agencies, auditors, and company owners and shareholders. Therefore, companies make arrangements for risk management in some form or other. However, the assessment of event risk and creation of a transparent and effective event assessment system raise many questions. Objectives. We focus on solving the problem of attaining an objective assessment of event risk for company's units, creating an effective risk management system for companies operating in a rapidly changing environment. Methods. The methodology of the study draws on the use of parallel work of departments on assessing event risk and adopting measures to mitigate it. Results. We offer a solution for creating an effective system for event risk assessment. The system also deals with events that simultaneously affect different departments. Conclusions. Organization of simultaneous work of units on assessment of events, their classification as event risk, and taking measures to minimize the impact on company's activities will reduce the time for the analysis of events and increase the objectivity of event risk assessment.
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Dornier, Raphaël. "The sustainability of French event companies: an exploratory study." Worldwide Hospitality and Tourism Themes 13, no. 1 (March 8, 2021): 22–33. http://dx.doi.org/10.1108/whatt-08-2020-0090.
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Purpose The purpose of this paper is to evaluate and discuss the involvement in sustainable development of French event companies, mostly by identifying facilitators and barriers to their sustainability strategy. Based on the results, some recommendations are provided, which aim at increasing the sustainability of French event companies. Design/methodology/approach The paper is based on face-to-face and semi-structured interviews with six directors and top managers of French event companies and a consultant in sustainable tourism. The data collected were analysed through a content analysis. Findings This paper identified different motivations and barriers regarding the involvement of French event companies in sustainability. The main motivations are personal conviction, a greater satisfaction for clients and a cost similar to the one of non-sustainable events. The main barriers are a difficulty in comparing the cost of sustainable and non-sustainable events, a low demand for sustainable events, a lower quality of materials and greenwashing, the issue of measuring sustainability and a profusion of labels. Practical implications As the directors of French event companies interviews do believe in the value of sustainability, they should educate their clients and employees towards sustainability. They should also find ways to demonstrate that the price of a sustainable event is not higher than a non-sustainable one. Originality/value This paper focusses on the sustainability of event companies in France, comparing companies that are highly involved in sustainability and others that are not involved. In the field of events research, most studies focussed on the degree of sustainability of specific events, whereas this study deals with the sustainability of corporate events companies.
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Cudny, Magdalena E., and Angie S. Graham. "Adverse-drug-event data provided by pharmaceutical companies." American Journal of Health-System Pharmacy 65, no. 11 (June 1, 2008): 1071–75. http://dx.doi.org/10.2146/ajhp070453.
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Skard, Siv, Sunniva Adam, and Lise Fredrikke Engdahl. "Host or Sponsor? Consumer Responses to Event Origins and Brand-related Event Leveraging." Event Management 24, no. 6 (November 20, 2020): 753–67. http://dx.doi.org/10.3727/152599519x15506259856183.
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Companies can engage in event marketing either by creating and hosting an event or by sponsoring a preexisting event. Although these are well-established event marketing strategies, consumer responses to event origin (hosting vs. sponsoring) have received limited scholarly attention. This article presents an experimental study of event origin and brand-related event leveraging. The first purpose was to investigate consumers' evaluations of hosted versus sponsored events and hosting versus sponsoring companies, and to test mechanisms that may explain these differences. The second purpose was to test consumer responses to brand-related leveraging activities for both types of events. Results show that consumers' evaluation of the event and the company differs significantly depending on the event origin, and that both types of events have much to gain from brand-related leveraging. Key explanatory mechanisms for these effects are perceived sincerity of company motives, company–event fit, and perceived amount of resources invested in the event.
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Fitriani, Fitriani, and Ulin Alfina. "Reaksi Saham BUMN terhadap Kepemimpinan Erick Thohir." Mabsya: Jurnal Manajemen Bisnis Syariah 2, no. 2 (November 23, 2020): 97–111. http://dx.doi.org/10.24090/mabsya.v2i2.3886.
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State owned Enterprise have arole as national economic actors. However, the policy issued by the minister of SOES will affect the structural and internal af the companies. The purpose of this study is to determine the reaction of SOES company share to the policy. The research used is quantitative descriptive reseach event study method. The population in this study were 20 SOES companies listed on the IDX with a sample of 5 SOES companies listed on the IDX the experienced structural changes due to Erick Thohir’s policy. The technical analysis is by companing the average price 5 days before at the event (H-), the stock price at the time of the event (H), and the average price 5 days after the event (H+), the results of this study are an insignificant decline in four of the five companies share occurred only a few days abd rose again indicating its influencer is not significant.Keywords: Reaction, stoks, and policy.
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Loukianova, Anna, Egor Nikulin, and Alexander Kanivetc. "DEOFFSHORIZATION POLICY: CASE OF RUSSIAN COMPANIES." CBU International Conference Proceedings 5 (September 22, 2017): 279–85. http://dx.doi.org/10.12955/cbup.v5.939.
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This paper investigates the impact of deoffshorization on the market value of Russian companies. The methodology of event study was used. Three events were analyzed, including the announcement of intentions to leave offshores from several major companies and the introduction of anti-offshore legislation (December 2013 - March 2014). We have not revealed any mutually significant market response to the selected events, since some of the firms faced positive cumulative abnormal returns, while the others encountered negative ones. At the same time, an empirical study showed evidence of significant negative effect on the market value for several companies. It can be argued that the deoffshorization impact on companies depends to a large extent on the offshore structure they use. Companies that are significantly exposed to deoffshorization need to adjust their strategy in order to counter potential negative consequences of this process
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White, John H. "REA Modeling of Mining Companies." Journal of Information Systems 22, no. 2 (September 1, 2008): 279–99. http://dx.doi.org/10.2308/jis.2008.22.2.279.
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ABSTRACT: This research paper applies the resource-event-agent (REA) framework to model the unique patterns, in both the REA accountability and policy infrastructures, of the mining enterprise domain. A unique resource in this domain is the mineral resource (MinResc), and the acquisition and development of MinResc to prepare it for the mining conversion process requires a unique information acquisition event to create and expand an information resource entity. The physical mineral deposit entity set and the intangible information entity set are thus aggregated into a more abstract and more valuable MinResc resource. The aggregation of a physical resource and an intangible information resource into a more certain and more valuable physical resource is an extension of the REA ontology that has applications in enterprise domains outside of mining.
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McKelvey, Steve, and John Grady. "Sponsorship Program Protection Strategies for Special Sport Events: Are Event Organizers Outmaneuvering Ambush Marketers?" Journal of Sport Management 22, no. 5 (September 2008): 550–86. http://dx.doi.org/10.1123/jsm.22.5.550.
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Companies invest millions of dollars to become “official sponsors” of major global sporting events. The tremendous publicity and consumer audiences generated by such events provide an attractive marketing opportunity for companies other than the event’s official sponsors who seek to associate themselves in the minds of the public with the goodwill and popularity of these events. This activity, known as ambush marketing, poses significant legal and business challenges for sport event organizers seeking to protect both the financial investment of official sponsors and the integrity of their sponsorship programs. With rising sponsorship stakes, event organizers have become increasingly proactive in their efforts to combat ambush marketing. This article examines the implementation and effectiveness of a variety of evolving sponsorship program protection strategies including: pre-event education and public relations initiatives; on-site policing tactics; contractual language in athlete participation and spectator ticket agreements; and the enactment and enforcement of special trademark protection legislation.
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Kalimeris, Dimitris K. "Are there any abnormal returns for early moving companies? An event study analysis of Greek companies." International Journal of Trade and Global Markets 3, no. 4 (2010): 359. http://dx.doi.org/10.1504/ijtgm.2010.035755.
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Omari, Najwa El, and Toufik Majdi. "The Event Communication Vector of Efficiency of Moroccan Large Companies." DeReMa (Development Research of Management): Jurnal Manajemen 11, no. 1 (June 3, 2016): 121. http://dx.doi.org/10.19166/derema.v11i1.192.
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<p>The event communication has for objective to give another dimension to the company or to the brand, by bringing it out of its daily life and by developing relations with its target public, around their centers of interests. It may be by sharing the same passions, by making live feelings to a group, by federating and by creating links; because today we need a more emotional and more real component.</p><p>Since a few years, the event communication seems to be "revisited" by companies and appears to stand out as an alternative to media or other more traditional tools. For the upholders of the relationship marketing, this communication delivers “a social message which affects the spectator or the auditor in its inhalation to be a part of a social, sports or artistic community” (Perlstein and Picket, 1985).</p><p>Therefore, we are going to expose our researches and would try to answer the following problem: "what is the impact of the event communication on the Moroccan large company, independently of any different parasite variable? ".</p><p>The objective of our research is to try to make notions understand around the event communication, and especially the evaluation of its added value on the efficiency of the Moroccan large company. To try to answer these questions derived of our problem, our research will concentrate on: a first theoretical part around a set of concepts, a second part will be the object of an empirical study.</p>
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Parise, Teresa, and Vijay Shenai. "The Value Effect of Financial Reform on U.K. Banks and Insurance Companies." International Journal of Financial Studies 6, no. 3 (September 11, 2018): 81. http://dx.doi.org/10.3390/ijfs6030081.
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In response to the financial crisis, a number of reforms to bank regulation have been introduced. Many of these reforms seek to improve the resilience of banks through making changes to their structure. In the U.K., the Banking Reform Act 2013 was enacted. This study attempts to examine the market’s reaction to this important financial reform, on the stock price of banks and insurance companies and contributes to the current regulatory debate. As reform proposals take time to get converted into Law, this paper focuses on three legislative events extracted from the Parliament website; the third reading at the House of Commons, the third reading at the House of Lords, and the Royal Assent, effectively the stages from which reform proposals convert to Law. This study employs an event study methodology, based on a sample consisting of 24 major banks and insurance companies listed on the London Stock Exchange (LSE) for which data are available from 30/11/2012 to 18/12/2013 covering all three events. The findings are that banks’ shares reacted positively, whereas insurance companies’ shares reacted negatively to the passage of the Banking Reform Act 2013 in the House of Commons (first event); insurance companies experienced negative returns, whereas banks’ returns did not react significantly in relation to the passage of the Act in the House of Lords (second event); and finally, banks’ shares reacted positively while insurance companies’ shares reacted negatively when the Act received the Royal Assent (third event). One of the main intentions of the Banking Reform Act 2013, was to contain the risk taken by banks. Market reaction on banks’ shares shows that the market accepted this; on the other hand, the negative effect on the shares of insurance companies would imply that insurance companies are perceived to have taken on some additional risk as a consequence of the Act.
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Cucinelli, Doriana, Vincenzo Farina, Paola Schwizer, and Maria Gaia Soana. "Better the Devil You Know: The Impact of Brexit Political Uncertainty on European Financial Markets." International Journal of Business and Management 15, no. 6 (May 13, 2020): 62. http://dx.doi.org/10.5539/ijbm.v15n6p62.
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The paper investigates the market reaction to three different events related to Brexit through an event study analysis, i.e. the announcements of the referendum date (20 February 2016), the referendum result (23 June 2016) and the election of Theresa May as Prime Minister (11 July 2016). We study the impact of these announcements on stock prices of UK companies belonging to export- and import-oriented industries. We also investigate the influence of previous events on stock prices of European companies belonging to the same sectors. Our results show that financial markets did not perceive the announcement of the referendum date and the election of Theresa May as Prime Minister as elements of political uncertainty. However, in the days before the referendum, investors priced it as an uncertain political event. The text analysis conducted on mass media sentiment about Brexit mainly supports the results of our event studies. Stock market performance around the events depends more on industry factors than on firm-specific characteristics, for both UK and EU companies. The only exception is company size, which positively affects investor reaction.
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Piscopo, Marcos Roberto, Felipe Mendes Borini, and Moarcir De Miranda Oliveira Junior. "STRATEGIES FOCUSING ON VALUE NETWORK: AN ANALYSIS OF EVENT PRODUCTION COMPANIES." Revista Ibero-Americana de Estratégia 9, no. 1 (July 27, 2010): 152–81. http://dx.doi.org/10.5585/ijsm.v9i1.1658.
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The purpose of this article was to demonstrate that companies which compete within dynamic industries do not only adopt a single strategy. Instead, they pursue a number of strategies focusing on the value net rather than on the value chain. We carried out a survey with 47 event-planning firms based in the City of Sao Paulo and we have discovered five distinct groups of firms pursuing different strategies. Our findings support our hypothesis for the searched companies and also demonstrate how the Delta Model by Hax and Wilde II (2001) is useful to explain companies’ strategic configuration. Particularly within the event industry, we have observed that companies are migrating to strategies based upon the value net. This study contributes to managing approaches concerning the challenges faced by event firms when learning how to adopt different strategic positions based upon both the value network and the value chain, in order to obtain and sustain competitive advantages in dynamic markets. http://dx.doi.org/10.5585/riae.v9i1.1658
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Devy, Happy Sista, and Bahrain Pasha Irawan. "Investor’s Mood at ASIAN Games Event." BISNIS : Jurnal Bisnis dan Manajemen Islam 7, no. 2 (October 23, 2019): 177. http://dx.doi.org/10.21043/bisnis.v7i2.5797.
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<p>Goals of the research to analyze whether occurred abnormal return of ASIAN Games phenomena and see how investors react to the big ASIAN Games 2018 event in Indonesia. . This reseach uses a sample of companies included in the hotel, restaurant and tourism sub-sector on the Indonesia Stock Exchange (IDX) during the observation period, based on the purposive sampling method which obtained 22 companies and used the event study method. There is a significant abnormal return but not on the phenomenon of the Asian Games 2018. This shows that investors still wait and see to the organization of the Asian Games in 2018. No difference of abnormal return before and after the Asian Games 2018. This is because, as investors look to the many tourists who have started to flock to Indonesia before the Asian Games in 2018 took place.<em></em></p><p><strong><em></em></strong><em><br /></em></p>
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Xu, Xiaobing, and Rong Chen. "Time metaphor and regulatory focus." European Journal of Marketing 54, no. 8 (June 13, 2020): 1865–81. http://dx.doi.org/10.1108/ejm-08-2018-0575.
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Purpose Two time metaphors are often adopted to express the passage of time: the ego-moving metaphor that conceptualizes the ego as moving toward the stationary event (e.g. we are approaching the holiday) or the event-moving metaphor that conceptualizes the event as moving toward the stationary ego (e.g. the holiday is approaching us). This paper aims to investigate the influence of the time metaphor on regulatory focus, as well as its downstream marketing implications. Design/methodology/approach Five studies were conducted. Studies 1a–1c examined the moderating effect of the valence of events on the relationship between time metaphors and regulatory focus. Studies 2–3 investigated the downstream marketing implications of the above effects. Findings The findings indicated that compared to the event-moving metaphor, the ego-moving metaphor is more likely to evoke a promotion focus when consumers anticipate a positive event. However, when the event is negative, the ego-moving metaphor is more likely to evoke a prevention focus compared to the event-moving metaphor. Research limitations/implications This research extends the previous literature on regulatory focus activation by showing that time metaphors affect regulatory focus, and that event valence plays a critical moderating role in the relationship. Practical implications Many companies rely on positive events (e.g. holidays, anniversaries) to market their products. The findings of this research suggest that companies promoting products with promotion-related benefits or products with higher risks should adopt an ego-moving metaphor to describe the coming of the event. In contrast, companies promoting products with prevention-related benefits or products with low risks should adopt an event-moving metaphor to describe the coming of the event. Originality/value This research showed that the effects of time metaphors on consumers’ regulatory focus depend on the valence of the events. It also demonstrated the downstream implications of time metaphors by showing that time metaphors influence consumer product choices and financial decisions.
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Evelina, Lidya Wati. "Keterlibatan Event Stakeholders pada Keberhasilan Event Pr." Humaniora 4, no. 1 (April 30, 2013): 274. http://dx.doi.org/10.21512/humaniora.v4i1.3438.
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The objective of this article is to determine how event organizers collaborate with stakeholders including the media, particular community, sponsors, participants, venue providers, accommodation providers, carteres, legal and finance personnel, production, local trade, transportation providers, government and associations for implementation Public Relations event. This paper discusses about the things that must be done for the cooperation and the benefits of cooperation undertaken. The method used in this paper is qualitative research method based on observations, literature and case studies. The results of this research note that the event organizers or companies can together with the stakeholders (the other party) make an event as mutually beneficial Public Relations. This means that all parties can achieve through the event. At the conclusion of an event Public Relations, all stakeholders involved for their own purposes. Event organizer must ensure that all stakeholders work together effectively in accordance with the agreed schedule and budget. One important feature of the agreement is to maintain a good flow of communication according to the needs of its stakeholders. All information is documented to avoid misunderstandings. Collaboration between stakeholders continuously until the event is completed. Discussion of issues that arise during the event takes place between the committee with various stakeholders is an important thing for the evaluation and response to the events that occurred.
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Selaković, Marko, Nikolina Ljepava, and Miroslav Mateev. "Implications of the paracrises on the companies’ stock prices." Corporate Communications: An International Journal 25, no. 1 (November 7, 2019): 3–19. http://dx.doi.org/10.1108/ccij-07-2019-0080.
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Purpose The concept of social media crisis has been consequently replaced by the term “paracrisis”. However, the economic implications of the paracrises have not been thoroughly researched by now. The purpose of this paper is to examine the potential influence of paracrisis on companies’ stock price values. Design/methodology/approach Secondary data analysis has been conducted to identify paracrises for the publicly listed companies and verify that there were no other market events that could affect the stock price during the observed period. Quantitative data analysis has been conducted using the event study, observing stock price values before and during the paracrisis, and the relationship between stock price oscillations and S&P 500 trends was tested. Findings There were no significant differences in stock price values before and during the paracrisis. Additionally, a strong correlation between S&P 500 and stock price trends has been found. Findings indicate that paracrises do not significantly impact the stock price behaviour and they should be considered as an irrelevant market event from the stock price point of view. Originality/value This study is the first research that examines the stock price paracrisis interdependence.
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Ababneh, Musab, and Alex Tang. "Market Reaction to Health Care Law: An Event Study." International Journal of Accounting and Financial Reporting 3, no. 1 (April 2, 2013): 108. http://dx.doi.org/10.5296/ijafr.v3i1.3356.
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We investigate the effect of the U.S. Supreme Court’s decision to uphold President Obama’s health care reform (Patient Protection and Affordable Care Act), and other reform-related events, on the stocks of impacted firms. More specifically, we use an event study methodology to compute cumulative average abnormal returns (CAARs) for health insurance companies, hospitals, brand-name drug makers, and generic drug makers. Overall, we find that the law has a negative effect on health insurance companies, and on generic drug makers. On the other hand, it has a positive effect on hospitals and on brand-name drug makers.
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Engstfeld, Lars, Martin Užík, and Sebastian Block. "Market or Morality - Follow an Unethical Action for the Management?" SHS Web of Conferences 92 (2021): 06007. http://dx.doi.org/10.1051/shsconf/20219206007.
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Research background: With countless standards and rankings for moral behavior of large companies on one side and corporate scandals of immoral actions on the other, the question arises whether it is important at all for stock corporations to keep a clean slate or whether their value might not even be affected by emerging scandals. Purpose of the article: This paper analyzes whether and how the stock market reacts to newly published news about immoral behavior by stock corporations. It shows the reactions of stock prices to morality scandals for 39 different companies that have all been exposed for immoral behavior. Methods: After establishing a standard time window around the event day of the emerging news, the stock reaction is analyzed by estimating the selected companies’ share prices based on their past and then comparing the estimated values to the actual values on and after the event day. Findings & Value added: While the overall finding is that stock prices do not react to their companies’ scandals with statistical significance, it is shown that the stock prices of smaller companies are affected more than those of the bigger example companies. It can therefore still be recommended for companies to build a good reputation by showing responsible behavior.
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Brunetti, Federico, Angelo Bonfanti, Paola Castellani, and Elena Giaretta. "Open factory events as triggers of interactive learning in organizations." Development and Learning in Organizations: An International Journal 32, no. 5 (September 3, 2018): 15–18. http://dx.doi.org/10.1108/dlo-01-2018-0013.
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Purpose The purpose of this paper is to present and discuss an unconventional approach for developing organizational learning inside companies. The subject of this paper is the interactive mode of organizational learning – involving shared understanding and sense-making – which has proven useful in the current turbulent era and complex competitive environment. Design/methodology/approach The paper is based on an inductive and phenomenon-driven approach. The data collection method consists of interviews with involves informants. The empirical context of the research is Open Factory – the largest open-door event for industrial manufacturing in Italy. Findings Companies participating in Open Factory gained several benefits in terms of interactive learning. In particular, intra-organizational knowledge sharing, staff motivation, and more focused organizational identity were reported as the most relevant advantages. Practical implications Companies eager to enhance their interactive mode of organizational learning should seriously consider taking part in events such as Open Factory or should strive to create a similar event. Originality/value To the best of the authors’ knowledge, this paper is the first to describe and analyze open-door events for manufacturing companies as a source of organizational learning.
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Choi, Jinho, Yosuke Tsuji, Michael Hutchinson, and Adrien Bouchet. "An investigation of sponsorship implications within a state sports festival: the case of the Florida Sunshine State Games." International Journal of Sports Marketing and Sponsorship 12, no. 2 (January 1, 2011): 7–22. http://dx.doi.org/10.1108/ijsms-12-02-2011-b003.
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Event sponsorship has been recognised as an effective means through which companies can communicate with target markets and attendees of sports events. This study investigates the interrelationship between satisfaction with event sponsors, goodwill and fan identification and their influence on purchase intentions at a state sports festival held in Lakeland, Florida. Results indicate that satisfaction with event sponsors mediated goodwill and purchase intentions while controlling for the effects of fan identification. In addition, results differed between competitors and spectators of the event.
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Trinadewi, Komang Winda, and Gerianta Wirawan Yasa. "Analisis Reaksi Pasar Atas Pengumuman Peringkat Kinerja Perusahaan Dalam Pengelolaan Lingkungan Hidup." E-Jurnal Akuntansi 29, no. 3 (December 23, 2019): 1152. http://dx.doi.org/10.24843/eja.2019.v29.i03.p18.
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This study aims to determine the market reaction to the PROPER announcement event and whether there are differences in market reactions between good ratings and poor PROPER ratings. This research is an event study with a window of events for 5 days. The study was conducted on PROPER participating companies listed on the Indonesia Stock Exchange from 2015 to 2017. The number of samples that met the criteria were 39 companies. PROPER announcements are measured using abnormal returns. The analysis technique used is the one sample t-test and the independent t-test. The test results show that the PROPER announcement was reacted negatively by the capital market, and there was no difference in market reaction between good ratings and bad ratings.
Keywords : Event Study; Abnormal Return; Environmental Performance; PROPER.
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Silva, Alan Willame de Souza, Tabajara Pimenta Junior, Mara Alves Soares, Luiz Eduardo Gaio, and Marcelo Augusto Ambrozini. "Mergers and Acquisitions in Brazilian Higher Education Companies." Finance & Economics Review 3, no. 1 (April 24, 2021): 23–37. http://dx.doi.org/10.38157/finance-economics-review.v3i1.286.
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Purpose: The objective of this study is to detect and measure the occurrence of extraordinary returns to the shareholders of private higher education companies, listed on the Brazilian stock market, B3, when mergers and acquisitions occur.
Methods: This study uses the Event Study technique on process data from 46 merger and acquisition events, that occurred in the period of 2007- 2015, involving the three main Brazilian private higher education companies, and applies the Z-statistic to test the accumulated standard abnormal returns.
Results: Based on the results, it is possible to affirm that the presence of abnormal returns was not detected after merger and acquisition events. Events of this nature do not promote changes in the short-term value of the company, in the cases of large and publicly traded Brazilian private higher education companies.
Implications: The announcement of a merger or acquisition process has wide repercussions in the media and attracts the attention of investors that aims to gain abnormal earnings from anticipated post-merger value creation. This study showed that the potential gain in value does not always occur or is reflected in the stock prices of the companies involved, in the short term.
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Crompton, John L. "Potential negative outcomes from sports sponsorship." International Journal of Sports Marketing and Sponsorship 16, no. 3 (April 1, 2015): 20–34. http://dx.doi.org/10.1108/ijsms-16-03-2015-b003.
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While substantial literature has addressed the benefits that sponsors seek from linking with a sports property, relatively little attention has been given to the potential costs businesses risk from such relationships. This paper suggests that beyond ambushing there are eight risks companies are likely to consider. Four can be controlled relatively easily: liability exposure; insensitivity to public sentiment to changing established rules or formats, the name of a facility or team or a team's uniform; insensitivity to the prevailing societal and political environment; and opposition from workers or stockholders. Companies have less control over: poor presentation of the event; poor performance by either the sponsored team/player or the company's products if the event is being used as a demonstration platform; association with disreputable behaviour; and trauma to performers.
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Behera, Chinmaya, and Badri Narayan Rath. "THE COVID-19 PANDEMIC AND INDIAN PHARMACEUTICAL COMPANIES: AN EVENT STUDY ANALYSIS." Buletin Ekonomi Moneter dan Perbankan 24 (March 8, 2021): 1–14. http://dx.doi.org/10.21098/bemp.v24i0.1483.
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Although there is a plethora of studies which examine the impact of the COVID-19 pandemic on India’s financial sector, we contribute by investigating the effect of the ongoing COVID-19 pandemic on stock returns of Indian pharmaceutical companies. By employing an event study methodology, our results indicate that the average returns of the pharmaceutical sector are positive during the COVID-19 phase although mixed evidence is found at the firm level. This finding is also robust to alternative model specifications.
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Guidolin, Massimo, and Eliana La Ferrara. "Diamonds Are Forever, Wars Are Not: Is Conflict Bad for Private Firms?" American Economic Review 97, no. 5 (November 1, 2007): 1978–93. http://dx.doi.org/10.1257/aer.97.5.1978.
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This paper studies the relationship between civil war and the value of firms in a poor, resource-abundant country using microeconomic data for Angola. We focus on diamond mining firms and conduct an event study on the sudden end of the conflict, marked by the death of the rebel movement leader in 2002. We find that the stock market perceived this event as “bad news” rather than “good news” for companies holding concessions in Angola, as their abnormal returns declined by 4 percentage points. The event had no effect on a control portfolio of otherwise similar diamond mining companies. This finding is corroborated by other events and by the adoption of alternative methodologies. We interpret our findings in light of conflict-generated entry barriers, government bargaining power, and transparency in the licensing process. (JEL D74, G32, O13, O17, Q34)
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Jurič, Dionis, and Mihaela Braut Filipovič. "Limited Liability Companies in Croatia." Central European Journal of Comparative Law 1, no. 1 (June 30, 2020): 69–85. http://dx.doi.org/10.47078/2020.1.69-85.
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This article aims to provide an overview of the main features of the limited liability company (hereinafter: LLC) in Croatia. LLCs are the most common company type in Croatian business practices. This is because of low amounts of minimum sharecapital, limited liability of shareholders, freedom of shareholders to regulate own internal relations and the LLC’s internal organization, which is regulated by the articles of association and holds fewer formalities to function. Interestingly, most LLCs are established as a single shareholder LLC, followed by two and three shareholders LLCs. This supports the finding that Croatian LLCs are often closely held companies, whose founders also act as directors and employees of the company. Since 2012, it is possible to form a simple LLC for a minimum share capital of 10 KN (cca. 1.32 EUR), and as of 2020, LLCs can even be established online. Thus, the simplicity and cost effectiveness to establish an LLC remain its primary advantage. Mandatory provisions that shareholders must respect are inter alia capital requirements and capital maintenance, formation, and competencies of the management board and shareholders’ meeting. The shareholders’ meeting is superordinate to other LLC bodies, allowing directors to be appointed and dismissed at any time. Shares are alienable and inheritable, but their transfer may be limited by the LLC’s articles of association. In certain cases, shareholders can be held personally liable for the LLC’s obligations (e.g., in the event of abuse of limited liability, partial payment of capital contributions, and the LLC’s dissolution without liquidation). Further specifics and current challenges of LLCs in Croatia will be analysed in detail.
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de Jong, Stephan J., and Wouter W. A. Beelaerts van Blokland. "Measuring lean implementation for maintenance service companies." International Journal of Lean Six Sigma 7, no. 1 (March 7, 2016): 35–61. http://dx.doi.org/10.1108/ijlss-12-2014-0039.
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Purpose – Implementation of lean manufacturing is currently performed in the production industry; however, for the airline maintenance service industry, it is still in its infancy. Indicators such as work in process, cycle time, on-time performance and inventory are useful indicators to measure lean implementation; however, a financial economic perspective taking fixed assets into consideration is still missing. Hence, the purpose of this paper is to propose a method to measure lean implementation from a fixed asset perspective for this type of industry. With the indicators, continuous improvement scenarios can be explored by value stream discrete event simulation. Design/methodology/approach – From literature, indicators regarding asset specificity to measure lean implementation are found. These indicators are analysed by a linear least square method to know if variables are interrelated to form a preliminary model. The indicators are tested by value stream-based discrete event simulation regarding continuous improvement scenarios. Findings – With the new found lean transaction cost efficiency indicators, namely, turnover, gross margin and inventory pre-fixed asset (T/FA, GM/FA and I/FA, respectively), it is possible to measure operation performance from an asset specificity perspective under the influence of lean implementation. Secondly, the results of implementing continuous improvement scenarios are measured with the new indicators by a discrete event simulation. Research limitations/implications – This research is limited to the airline maintenance, repair and overhaul (MRO) service industry regarding component repair. Further research is necessary to test the indicators regarding other airline MRO service companies and other sectors of complex service industries like health care. Practical implications – The lean transaction cost efficiency model provides the capability for a maintenance service company to simulate the effects of process improvements on operation performance for service-based companies prior to implementation. Social/implications – Simulation of a Greenfield process can involve employees with possible changes in processes. This approach supports the adoption of anticipated changes. Originality/value – The found indicators form a preliminary model, which contributes to the usage and linkage of theories on lean manufacturing and transaction cost theory – asset specificity.
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Dordi, Truzaar, and Olaf Weber. "The Impact of Divestment Announcements on the Share Price of Fossil Fuel Stocks." Sustainability 11, no. 11 (June 3, 2019): 3122. http://dx.doi.org/10.3390/su11113122.
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Several prominent institutional investors concerned about climate change have announced their intention or have divested from fossil fuel shares, to limit their exposure to the industry. The act of fossil fuel divestment may directly depress share prices or stigmatize the industry’s reputation, resulting in lower share value. While there has been considerable research conducted on the performance of the fossil fuel industry, there is not yet any empirical evidence that divestment announcements influence share prices. Adopting an event study methodology, this study measures abnormal deviations in stock prices of the top 200 global oil, gas, and coal companies by proven reserves, on days of prominent divestment announcements. Events are analyzed independently and in aggregate. The results make several notable contributions. While many events experienced short-term negative abnormal returns around the event day, the effects of events were more pronounced over longer event windows following the New York Climate March, suggesting a shift in investor perception. The results also find that divestment announcements related to campaigns, pledges, and endorsements all have a significant effect over the short-term event window. Finally, the results control for the general underperformance of the industry over the estimation window, attesting that the price change is caused by divestment announcements. Several robustness tests using alternate expected returns models and statistical tests were conducted to ensure the accuracy of the result. Overall, this study finds that divestment announcements decrease the share price of the fossil fuel companies, and thus, we conclude that ‘divestors’ can influence the share price of their target companies. Theoretically, the result adds new knowledge regarding the efficacy of the efficient market hypothesis in relation to divestment.
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Faih, Ahmad, and Rohmatun Nafiah. "Analisis Efek Ramadhan Terhadap Abnormal Return dan Trading Volume Activity pada Perusahaan Yang Masuk dalam Jakarta Islamic Index (JII) di Bursa Efek Indonesia Periode 2014-2018." Al-Tijary 5, no. 1 (December 31, 2019): 37–47. http://dx.doi.org/10.21093/at.v5i1.1598.
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This study is a study of events aimed at knowing the effects of Ramadhan, to companies listed on the Jakarta Islamic Index on the Indonesia Stock Exchange period 2014-2018, using abnormal return and trading volume activity indicators. This study uses secondary data in the form of daily stock price index for the period 2014-2018 , Composite Stock Price Index (IHSG) and trading volume, with the population of companies entering the Jakarta Islamic Index on The Indonesian Stock Exchange , The statistical test used to test the hypothesis is the normality test, and the paired sample t-test. Result of T-test on Abnormal Return between year 2014-2018 know that there is no significant influence between Ramadhan month to abnormal return from year 2014 until 2018. While for T-test on trading volume activity between year 2014 until 2018 know that only in 2014, 2015, and 2017, 2018 there are significant influence which means the market responds to the event. The result of the test of Ramadhan event has the information even though it does not happen in every year of the research period, this is because Ramadhan is a routine event occuring in Indonesia so investors have been able to predict how the stock movemonts in Indonesia Stock Exchange.
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Li, Ji, Wei Sun, Wanxing Jiang, He Yang, and Ludan Zhang. "How the Nature of Exogenous Shocks and Crises Impact Company Performance?" International Journal of Risk and Contingency Management 6, no. 4 (October 2017): 40–55. http://dx.doi.org/10.4018/ijrcm.2017100103.
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The authors develop an empirical study based on Event System Theory (Morgeson, Mitchell & Liu, 2015), which allows a clearer consideration of specific nature of each exogenous shock and crisis, such as its criticality and geographical proximity. More importantly, they highlight the importance of considering industry characteristics when studying how exogenous shocks and crises may impact both accounting and stock-market performances of companies. Finally, when testing the impacts of economic or political shocks respectively, the authors also take into account the effect of company resources. After analyzing data from companies listed in the New York Stock Exchange, they gain interesting insights: (1) Exogenous shocks and crises with high event criticality are more likely to impact company performance. (2) Exogenous shocks and crises with high event proximity are more likely to impact company performance. (3) Exogenous shocks and crises impact in different directions on a company's accounting performance and stock market performance. Finally, (4) Exogenous shocks and crises make salient the relationship between a firm's resources and its performance, while the relationship is contingent on industry characteristics (i.e., industrial-regulative mechanisms).
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Lisicki, Bartłomiej. "RELATIONSHIP BETWEEN MARKET VALUE OF INDUSTRIAL COMPANIES LISTED ON WSE WITH CURRENT REPORTING OF IMPAIRMENT OF ASSETS." Zeszyty Naukowe Wyższej Szkoły Humanitas Zarządzanie 21, no. 1 (March 31, 2020): 91–106. http://dx.doi.org/10.5604/01.3001.0014.1238.
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The main purpose of this paper was the examination how the announcement report including information about assets write off has an influence on the market values joint stock companies. To this end applied an event study methodology created by Fama. Research has been performed by the case of industry companies listed on Warsaw Stock Exchange. For each announcement of these companies between 2013 and 2018 was made seven-day event window whereby counted day abnormal returns. The results of the calculation have indicated statistically significant values (confirmed by Wilcoxon signed-rank tests and modified t test) of abnormal returns in the day of announcement and the next day. That may be provide proofs that impairment of assets has a influence on short term returns of public companies. In the next days (until fifth day after announcement) of event window results do not show correlations.
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Kuzmenko, G. N. "Manifestation of a Paradigm Shift in University Marketing on the Example of Event-Management Online Technology." Social’naya politika i sociologiya 19, no. 3 (September 29, 2020): 165–71. http://dx.doi.org/10.17922/2071-3665-2020-19-3-165-171.
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changing the consumer model of the user of educational services leads to low efficiency of traditional methods of their presentation by universities. Hence the prospects of a new method of eventmanagement online for promotion to domestic and foreign markets. Materials for the study of the effectiveness of event-management online were information in the field of organizing special events (specialized works of specialists, training courses, websites of russian omute companies, their own experience). The methodology of the study was, first of all, the methods of marketing analysis in relation to the market of educational services. Event-management online is a specially prepared event in the form of intellectual team building with a large segment of virtual simulation of socio-cultural reality. The use of event-management online as a tool that allows the university to increase its share in the market of educational services has a promising character in the field of educational marketing.
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Dwikesumasari, Phima Ruthia, and Rachmatullah Dwi Nugraha. "Event Sponsorship Service Quality at PT Sinar Sosro East Java Region: A Gap Analysis." TIJAB (The International Journal of Applied Business) 3, no. 2 (December 16, 2019): 73. http://dx.doi.org/10.20473/tijab.v3.i2.2019.73-86.
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Traditional marketing communication media begin to be abandoned by customers; therefore, companies need to find other more effective alternatives to communicate with customers. Companies try to convince that customers not only use the the products they bought but also get unforgetable experience. Thus, companies often hold experiential marketing in the form of event as one of the alternatives. One of the efficient ways to conduct event marketing activities is by establishing an event sponsorship and building collaboration with event organizers. One of many companies which prioritizes its event sponsorship is PT Sinar Sosro East Java Region Representative Office. To be able to maintain the continuity of this program, PT Sinar Sosro East Java Region Representative Office needs to pay attention to the quality of event sponsorships services provided by company’s Marketing support Division. The purpose of this study is to analyze customer evaluation that is the event organizers, for the quality of company’s sponsorhip event services. In line with this purpose, this study used a 5-scale Likert measurement from the 5 dimension SERVQUAL measurement items with gap analysis techniques. Samples were taken using a proportional stratified random sampling method, resulted a minimum sample size of 97 respondents. Questionnaires were sent to 115 respondents but only 101 which could be analyzed further. Results showed that PT Sinar Sosro East Java Region Representative Office sponsorship event services was rated good since most of the results from gap analysis of each items of questionnaire statements showed a positive scores. Although some negative scores appeared, it did not dominate the overal result. The negative scores appeared on several items on tangibles, reliability and responsiveness dimensions. Overall positive scores were existed on assurance dimension, which consisted of the most statement items on this questionnaire, and empathy dimension. This indicated that the level of service received by customers had exceeded the service level expected by them.
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Moon, Junhyung, Gyuyoung Park, and Jongpil Jeong. "POP-ON: Prediction of Process Using One-Way Language Model Based on NLP Approach." Applied Sciences 11, no. 2 (January 18, 2021): 864. http://dx.doi.org/10.3390/app11020864.
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In business process management, the monitoring service is an important element that can prevent various problems in advance from before they occur in companies and industries. Execution log is created in an information system that is aware of the enterprise process, which helps predict the process. The ultimate goal of the proposed method is to predict the process following the running process instance and predict events based on previously completed event log data. Companies can flexibly respond to unwanted deviations in their workflow. When solving the next event prediction problem, we use a fully attention-based transformer, which has performed well in recent natural language processing approaches. After recognizing the name attribute of the event in the natural language and predicting the next event, several necessary elements were applied. It is trained using the proposed deep learning model according to specific pre-processing steps. Experiments using various business process log datasets demonstrate the superior performance of the proposed method. The name of the process prediction model we propose is “POP-ON”.
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JUMA'H, AHMAD H., and DOUGLAS WOOD. "THE PRICE SENSITIVITY OF BUSINESS SERVICE OUTSOURCING ANNOUNCEMENTS BY UK COMPANIES." International Journal of Information Technology & Decision Making 02, no. 01 (March 2003): 161–80. http://dx.doi.org/10.1142/s0219622003000562.
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This article investigates the market reaction to a sample of announcements of business service outsourcing arrangements made by UK quoted companies between 1991 and 1997. Event study methodology is applied to daily stock returns to measure the reaction, in the form of excess returns, immediately prior to and at the date of an outsourcing contract announcement. The conclusion is that initial announcements tend to enjoy positive and significant reaction and that the larger companies in the sample show a more positive reaction than smaller companies. Overall outsourcing announcements appear to be associated with excess returns but the absence of any recognized basis for disclosure prevents a complete analysis of such events.
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Iqbal, Amir, Rana Muhammad Shahzad, and Muhammad Yasir Karim. "Capturing impact of dividend announcement on stock returns: an event analysis study of KSE." Jinnah Business Review 01, no. 01 (January 1, 2013): 08–15. http://dx.doi.org/10.53369/epqa9993.
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This study examines the impact of dividend announcement on stock returns of 30 non-financial sector companies listed on Karachi Stock Exchange. Daily stock returns have been used, covering period from 2007 to 2008. The study has used event analysis study methodology; a fifteen days event window has been created to examine the effects of dividend announcement on KSE stock returns. The study finds that dividend announcement has no significant impact on sample companies abnormal stock returns.
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BARTIS, Hugh, and Sibusiso TOFILE. "SPECTATORS’ UNDERSTANDING OF THE ENVIRONMENTAL IMPACTS OF A SPORT EVENT IN PORT ELIZABETH, SOUTH AFRICA." GeoJournal of Tourism and Geosites 35, no. 2 (June 30, 2021): 282–88. http://dx.doi.org/10.30892/gtg.35203-649.
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The main aim of this study was to investigate the spectators understanding of the environmental impact when a sport event is hosted. The study focused on the Town Lodge Business Relay (TLBR) event, an annual event hosted in Port Elizabeth, South Africa. This event entails companies (corporates) entering relay teams, which compete again other teams. A quantitative approach was followed, using non-probability sampling and with spectators completing a self-administered questionnaire. The outcome of the study revealed pertinent demographic details about the spectators and indicated that most of the spectators (respondents) generally understood the environmental impact of sport events.
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Fodol, Mohamed Zakaria, and Hassanuddeen Bin Abdul Aziz. "THE IMPACT OF UNANTICIPATED POLITICAL EVENTS ON STOCKS MARKET RETURNS: EMPIRICAL EVIDENCES FROM SAUDI ARABIA." International Journal of Islamic Business Ethics 4, no. 2 (September 30, 2019): 659. http://dx.doi.org/10.30659/ijibe.4.2.659-675.
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Abstract:This study aims to identify the effect of unexpected political-events on Saudi stock market returns based on the efficient market hypothesis (EMH) assumptions.� The disappearance of the Saudi journalist Jamal Khashoggi in Turkey is the political event has been determined in this study.� The data collected from ten companies traded in the Saudi stock market which accounted for more than 62 percent of the total market capitalization. However, this paper applied the Event Study Methodology. The results showed that the Saudi stock market initially reacted to the event and tried to absorb the information received but could not correct itself in most of the window event period. It seems that the market did not get the relevant news quickly or clearly. So, the information that flow among traders was not readily available for the investors at the same level and time. Ultimately, the Saudi stock market is described as a weak-form market (inefficient).Keywords: Unanticipated political events, the stock market, expected returns, abnormal returns, cumulative returns, event study methodologyAbstract: This study aims to identify the effect of unexpected political-events on Saudi stock market returns based on the efficient market hypothesis (EMH) assumptions.� The disappearance of the Saudi journalist Jamal Khashoggi in Turkey is the political event has been determined in this study.� The data collected from ten companies traded in the Saudi stock market which accounted for more than 62 percent of the total market capitalization. However, this paper applied the Event Study Methodology. The results showed that the Saudi stock market initially reacted to the event and tried to absorb the information received but could not correct itself in most of the window event period. It seems that the market did not get the relevant news quickly or clearly. So, the information that flow among traders was not readily available for the investors at the same level and time. Ultimately, the Saudi stock market is described as a weak-form market (inefficient).Keywords: Unanticipated political events, the stock market, expected returns, abnormal returns, cumulative returns, event study methodology.
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Carvalhal, Andre, and Eduardo Tavares. "Does social responsibility enhance firm value and return in Brazil?" Corporate Ownership and Control 10, no. 2 (2013): 253–57. http://dx.doi.org/10.22495/cocv10i2c2art4.
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This paper analyzes whether corporate social responsibility brings value and enhances returns to shareholders in the Brazilian market. We analyze the companies listed on BM&FBovespa stock exchange using two methodologies (panel regressions and event studies). The results indicate that firms listed in the corporate sustainability index (ISE) of BM&FBovespa have higher price-to-book when compared to companies not listed on ISE. The event study shows that companies that leave ISE show negative abnormal returns. Moreover, firms entering ISE show positive abnormal returns, although results are not statistically significant
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Fabian, Alvin, and Eko Budi Santoso. "Dividend Announcement Effect To Market Reaction in Non-Financial Companies Listed on Indonesia Stock Exchange." JOURNAL OF ACCOUNTING, ENTREPRENEURSHIP AND FINANCIAL TECHNOLOGY (JAEF) 1, no. 2 (April 2, 2019): 167–80. http://dx.doi.org/10.37715/jaef.v1i2.1467.
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Abstract: This study aims to examine the differences in market reaction before and after the announcement of dividend omissions and dividend initiations in non- financial companies listed on the Indonesia Stock Exchange in 2016-2018. The sample used in this study was 71 companies consisting of 26 companies that announced dividend omissions and 45 companies that announced dividend initiations. The sample was determined using the purposive sampling method. This study used the event study method with an event window period of 5 days before the announcement, the announcement day, and 5 days after the announcement. The Wilcoxon Signed Ranks Test results in this study indicate that there are no differences in market reaction before and after the announcement of dividend omissions. Meanwhile the announcement of dividend initiations shows that there are differences in market reaction before and after the announcement of dividend initiations.
Keywords: Event study, Dividend Omissions, Dividend Initiations, Abnormal Return
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Titik Kristanti, Farida, and Deannes Isynuwardhana. "How long are The Survival Time in the Industrial Sector of Indonesian Companies?" International Journal of Engineering & Technology 7, no. 4.38 (December 3, 2018): 856. http://dx.doi.org/10.14419/ijet.v7i4.38.27560.
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Cox Hazard model with time independent covariates is used to view the functions of survival and hazard for each group of industrial sector of companies listed on the Indonesia Stock Exchange. The hazard explains whether events of financial distress will occur in companies that have survived for a certain period. The survival function shows the relationship between probabilities to survive and time, in which time indicates the duration of an event (financial distress). The results of statistical analysis show that the survival time for each industrial group varies from 10.5 to 12.5 years. The results can be used as a basic idea for companies to determine when the preventive actions should be conducted so that companies will sustain their business.
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Fracarolli Nunes, Mauro, and Camila Lee Park. "Caught red-handed: the cost of the Volkswagen Dieselgate." Journal of Global Responsibility 7, no. 2 (September 12, 2016): 288–302. http://dx.doi.org/10.1108/jgr-05-2016-0011.
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Purpose With the investigation of the US stock market response to the Volkswagen Dieselgate, this paper aims to empirically demonstrate a case of dissemination of corporate scandals and events through industries and supply chains (i.e. inertial effect). Design/methodology/approach Individual event studies were conducted in the analysis of the market value fluctuations of 33 companies of the American automotive industry upon the disclosure of the scandal. Findings Results show that the fraud held by the German automaker spread to surrounding companies within the industry and supply chain levels of analysis, contaminating market values and costing around 6.44 billion dollars to American firms. Originality/value Building on the efficient market hypothesis and on the literature on supply chain management, empirical evidences support the conceptualization of the inertial effect as a valid rationale to address the dissemination of events through companies not directly involved. In that sense, the study contributes to an emerging and promising research field within the supply chain management literature. Beyond that, its interdisciplinary approach may inspire future research in the applicability of the event study methodology in similar contexts, as well as of alternative forms to empirically test other theoretical constructs.
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Indrayani, Heni, and Aldilla Evriyana. "STRATEGI PR INDONESIA DALAM MEMBANGUN CORPORATE REPUTATION MELALUI EVENT JAMBORE PR INDONESIA (JAMPIRO)." KINESIK 8, no. 2 (September 10, 2021): 110–27. http://dx.doi.org/10.22487/ejk.v8i2.151.
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In establishing an excellent corporation's reputation, PR Indonesia, an Indonesian public relations magazine company, holds an award event every year, the Jambore PR Indonesia. This jamboree event is for all Indonesian public relations figures, both public relations who work for the government and private companies. However, during Covid-19, this event's euphoria could not be felt entirely even though PR Indonesia had tried to establish its reputation by innovating the event virtually online. Therefore, this study aimed to explore PR Indonesia's strategy in establishing corporate reputation from a virtual event, Jambore PR Indonesia (JAMPIRO), by using corporate reputation theory, event theory, and virtual event. The qualitative method was applied to this research. Interpretative research paradigm and cases study approach were also used. The data collections were obtained by using observation, interview and documentation. The research results showed that PR Indonesia had several strategies to build corporate reputation. They conducted city tours, researched public relations’ issues, and discussed with public relations specialists to find new ideas and used PR's Icon as brand reputation. Those corporate reputation strategies created the JAMPIRO event, which was promoted in offline and online media. Looking for event references, keeping participants' trust, and holding JAMPIRO events in various cities were also the other strategies. Hence, during the Covid-19 pandemic, PR Indonesia invented many innovations by creating virtual events to maintain its reputation. The maneuverings were to run online promotions, find virtual event references, create innovative events, determine the virtual event's criteria and hold the low-cost event.
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Xu, Minhe. "The Impact of Blockchain Technology on Stock Price: An Emprical Study." SHS Web of Conferences 96 (2021): 04008. http://dx.doi.org/10.1051/shsconf/20219604008.
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With the rapid development of blockchain technology, more and more attention has shifted from the theoretical research of blockchain technology to the application of specific business of the company. However, there are few literatures on the quantitative research on the impact of blockchain technology on the company's market value after it is applied to the company's actual business. In this paper, 73 listed companies published blockchain application announcements from 2016 to 2019 are selected as the research objects, and the short-term event analysis method is used to quantitatively analyze the impact of the application about blockchain technology on the market performance of listed companies. The results show that: after the announcement of blockchain application in their own business, listed companies have a more significant abnormal income, which shows that the capital market has a significant positive response to the application of blockchain. Finally, this paper puts forward the theoretical and practical significance, limitations and future research.
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Husain, Uvesh, and Sarfaraz Javed. "STOCK PRICE MOVEMENT AND VOLATILITY IN MUSCAT SECURITY MARKET (MSM)." International Journal of Research -GRANTHAALAYAH 7, no. 2 (February 28, 2019): 68–84. http://dx.doi.org/10.29121/granthaalayah.v7.i2.2019.995.
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This paper examines the stock price movement and volatility in listed financial Omani Companies in MSM. The study made use of secondary data. This study is an attempt to answer these important questions, is there an effect of the announcement of the dividend policy on the market value of the shares of the Omani companies listed in MSM? Moreover, Is there any effect for each of the announcement of the earnings per share and distribution of profits on the market value of the shares of the Omani companies listed in MS at the level of each year of the study? The analytical descriptive approach was used to investigate. This study mainly depends on secondary data. The event study methodology is intended to investigate the effect of an event on a specific dependent variable. An “event” is the public announcement of a (usually voluntary) corporate action. In this considered corporate action is the dividend announcement. The abnormal return is calculated form 10 days prior to the event and 10 days post to the event.
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Civero, Gennaro, Vincenzo Rusciano, and Debora Scarpato. "Consumer behaviour and corporate social responsibility: an empirical study of Expo 2015." British Food Journal 119, no. 8 (August 7, 2017): 1826–38. http://dx.doi.org/10.1108/bfj-12-2016-0601.
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Purpose The purpose of this paper is to ascertain the attitudes of people towards issues of food safety, food security and sustainability. For this, an empirical study was conducted on visitors to the event Milan Expo 2015. Particular attention was paid to any greater propensity to purchase products from socially responsible agri-food companies and whether the event might have contributed to enrich the baggage of their knowledge on the issues of sustainability and corporate social responsibility (CSR) and to influence future buying behaviour. Design/methodology/approach Different groups of visiting consumers were identified through cluster analysis in order to segment and divide visitors into groups based on their approach to food safety, food security and sustainability, their willingness to pay for products from companies practising CSR, and the impact of the event on their future buying behaviour. Findings The results showed a positive attitude of respondents towards issues of food safety, food security and sustainability in general and to the purchase of sustainable food products. However, due to shortcomings in the communication strategy used by companies attending the event, the sample of visitors did not enrich their knowledge on sustainability and CSR. The impact of Expo 2015 on future buying behaviour was far from impressive. Originality/value The findings are particularly useful for the future development of the reputation and profitability of food companies, for the enrichment of knowledge concerning CSR-oriented food companies and to increase the price of products from socially responsible agri-food companies.
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Nanda, Gede Rama Wirya, and Made Gede Wirakusuma. "Reaksi Pasar Atas Momentum Hari Raya Idul Fitri Tahun 2019." E-Jurnal Akuntansi 30, no. 5 (May 25, 2020): 1247. http://dx.doi.org/10.24843/eja.2020.v30.i05.p14.
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This study aims to determine the market reaction to the momentum of Idul Fitri in 2019. This research is an event study with an observation period of 14 days. The study was conducted at companies classified as the Jakarta Islamic Index (JII) in 2019. The population in this study was 30 companies. The sampling method used is the saturated sample method. Samples obtained were 30 companies. Market reaction to the momentum of Idul Fitri in 2019 is measured using abnormal returns and trading volume activity. The data analysis technique used is the one-sample t-test. The test results show that there is a market reaction during the Idul Fitri in 2019 which is indicated by a significant abnormal return and trading volume activity around the event date. This shows that Idul Fitri in 2019 caused a market reaction because of there was an information content of the event.
Keywords: Event Study; Abnormal Return; Trading Volume Activity.
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Mingcai, Shen, Liu Xin, Huang Xi, Cao Zhaohuan, and Su Ganya. "Prediction and Empirical Study of Stock Yield Volatility Based on Event Study." E3S Web of Conferences 214 (2020): 02023. http://dx.doi.org/10.1051/e3sconf/202021402023.
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Stock market event is an important source of information for investment decision, and it is of practical significance to quantify the event and predict the fluctuation range of future return under such event. Most researchers study stock market events horizontally, that is, to study the impact of a current event on the stock price of a certain sector or industry, while the paper attempts to study vertically the impact of a certain event of a single listed company on the return. Based on the internal relations between public announcement and stock yield of listed companies, the paper deduced the daily yield prediction model of event window by VAR(p) to exclude subjective “estimation” in the past and verifies the feasibility of the model.
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Zlati, Monica Laura, Valentin Marian Antohi, and Petronela Cardon. "Correction of Accounting Errors through Post Balance Sheet Event Analysis for Romanian Companies." Economies 7, no. 2 (April 1, 2019): 29. http://dx.doi.org/10.3390/economies7020029.
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The study scope is to present the typology of the events analyzed through our research and their impact on the quality of reported financial data. The objectives of the study are to analyze the vulnerability of enterprises according to methodological criteria such as risks and calculations of the risk profile, as well as to establish the necessary measures for correcting the accounting errors based on the conclusions drawn from the analysis. The method used is prospective, financial analysis of the data taken from the financial statements of the companies included in the sample, dynamic for a period of 6 years (2011–2016). Based on the method used, a risk model has been conceptualized to identify the vulnerabilities and risks reported in the financial statements and to define a company risk profile based on which error correction measures can be adopted. Considering the amplitude of the necessary check-ups and the methodology of the imposed accounting treatments, we believe that the topic addressed is a real area of interest for the professional accountants because it organizes the application procedures and limits the impact of errors on the quality of financial reporting in Romania.