Please use this identifier to cite or link to this item:
http://repository.kln.ac.lk/handle/123456789/21924
Title: | Prediction of Stock Returns with Pricing of Share Warrants: Evidence from Sri Lanka |
Authors: | Nanthakumar, S. |
Keywords: | Warrant Prices, S&P SL20 Stock Returns, Generalized Method of Moments, Wald Test, Granger Causality |
Issue Date: | 2020 |
Publisher: | Department of Finance |
Citation: | Nanthakumar, S. (2019). Prediction of Stock Returns with Pricing of Share Warrants: Evidence from Sri Lanka. In: 8th Students’ Research Symposium 2019. Department of Finance, University of Kelaniya, Sri Lanka, p.21. |
Abstract: | Introduction - The purpose of this paper is to examine whether the share warrant prices predict the future stock returns. Design/Methodology/Approach - Data of stocks under S&P SL20 index are analyzed using Generalized Method of Moments. Findings - Warrant prices have a positive significant short run and long run relationship between warrant prices and S&P SL20 stock returns. Therefore, Researcher conclude that the warrant prices have the ability to predict the S&P SL20 stock returns. Conclusion - The changes in the share warrant prices are mostly impacted to the share returns of the companies which have highest market capitalization in Sri Lankan context as the S&P SL 20 companies have been selected as the sample of the study. |
URI: | http://repository.kln.ac.lk/handle/123456789/21924 |
ISSN: | 2279-3097 |
Appears in Collections: | 8th Students’ Research Symposium 2019 |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
Prediction of Stock Returns with Pricing of Share Warrants Evidence from Sri Lanka .pdf | 230.4 kB | Adobe PDF | View/Open |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.