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The Impact of Listing on the Leading Market Index in Egypt "EGX30"

المصدر: المجلة العلمية للاقتصاد والتجارة
الناشر: جامعة عين شمس - كلية التجارة
المؤلف الرئيسي: Philopos, Bola Aied Aziz (Author)
مؤلفين آخرين: Alber, Nader (Advisor) , Abdelkader, Hossameldin (Advisor)
المجلد/العدد: ع2
محكمة: نعم
الدولة: مصر
التاريخ الميلادي: 2022
الشهر: يوليو
الصفحات: 261 - 275
ISSN: 2636-2562
رقم MD: 1372986
نوع المحتوى: بحوث ومقالات
اللغة: الإنجليزية
قواعد المعلومات: EcoLink
مواضيع:
كلمات المؤلف المفتاحية:
EGX30 | Event Study | Cumulative Abnormal Returns "CARs" | Cumulative Abnormal Trading Volumes "CATVs"
رابط المحتوى:
صورة الغلاف QR قانون
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المستخلص: This paper attempts to investigate the impact of joining or existing EGX30 on the share price and trading volume. This has been conducted by the event study methodology considering the impact of joining or leaving EGX30 on the share price and trading volume during the period from 2016 to 2020. Overall, results indicate the following: 1) Significance of variation among Cumulative Abnormal Returns (CARs) are for joining EGX30 and show negative market reactions to these informational contents. 2) No significance of variation among Cumulative Abnormal Trading volumes (CATVs) are for joining EGX30. 3) Significance of variation among Cumulative Abnormal Returns (CARs) are shown for leaving EGX30 and show negative market reactions to these informational contents. 4) Significance of variation among Abnormal Trading volumes (CATVs) are shown for leaving EGX30 and show positive market reactions to these informational contents.

ISSN: 2636-2562