期刊名称:Finante - provocarile viitorului (Finance - Challenges of the Future)
印刷版ISSN:1583-3712
出版年度:2012
卷号:1
期号:14
页码:114-120
出版社:University of Craiova, Faculty of Economics and Business Administration
摘要:In recent years, many researchers have focused on the study of increasing capital. More specifically, the purpose of these studies was to measure the impact on the course announcement of the capital stock, and hence the market value of the issuing company. Zivot - Andrews test was applied to see if the structural break date coincides with the official date of the share capital increase. The test was applied on 21 companies listed on Bucharest Stock Exchange. The identified break date does not coincide with the test date for any of the companies analyzed.
关键词:stock price behaviour; strucrural break; Zivot-Andrews test