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A Study on Mandatory Offer Announcements and its Impact on Stock Return in Colombo Stock Exchange

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dc.contributor.author Ekanayaka, E.M.R.K.
dc.date.accessioned 2016-03-14T05:58:49Z
dc.date.available 2016-03-14T05:58:49Z
dc.date.issued 2015
dc.identifier.citation Ekanayaka, E.M.R.K. 2015. A Study on Mandatory Offer Announcements and its Impact on Stock Return in Colombo Stock Exchange. In Proceedings of the 4th Students’ Research Symposium, Department of Finance, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka. p 38. en_US
dc.identifier.uri http://repository.kln.ac.lk/handle/123456789/12158
dc.description.abstract This study attempts to examine the impact of mandatory offer announcements on stock return on the Colombo Stock Exchange and highlights the mandatory offers and its grounds in the legal system in Sri Lanka. Although there are number of studies done on mandatory offers, it is hard to find the studies on impact of mandatory offers on stock return in Sri Lankan context. The primary aim of this study is to study the impact of mandatory offers on stock return in Colombo Stock Exchange using the sample from year 2010 to 2014. The study used secondary data for the purpose of analysis employing the event study methodology. More specifically, it employs the market model in generating abnormal returns surrounding mandatory offer announcement. The findings of this study demonstrated that on average market reacts positively to mandatory offer announcements. The market takes considerable time to fully incorporate information contained in mandatory offer announcements by the bidder firms and considerable anticipatory effect reflect the target firms. This research will be important to all those take interest in the share market. Especially it is more important to the investors, managers of the companies’ stock exchange regulatory agencies in their decision making. en_US
dc.language.iso en en_US
dc.publisher Department of Finance, Faculty of Commerce and Management Studies, University of Kelaniya en_US
dc.subject Colombo Stock Exchange en_US
dc.subject mandatory Offer en_US
dc.subject Event Study en_US
dc.subject Stock Return en_US
dc.subject Market model en_US
dc.title A Study on Mandatory Offer Announcements and its Impact on Stock Return in Colombo Stock Exchange en_US
dc.type Article en_US


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