文章基本信息

标题：The effects of efficiency on abnormal return: Evidence from banking industry
本地全文：下载
作者：Niloofar Tayer Farahani ; Mohammad Reza Asgari
期刊名称：Management Science Letters
印刷版ISSN：1923-9335
电子版ISSN：1923-9343
出版年度：2015
卷号：5
期号：10
页码：969-974
DOI：10.5267/j.msl.2015.7.006
出版社：Growing Science
摘要：Efficiency plays essential role for improving the performance of banking industry. In this paper, we present an empirical investigation to study the effect of efficiency on abnormal return. The proposed study collects the necessary information from official statements as well as historical data over the period 2009-2013 reported on Tehran Stock Exchange to examine the relationship between efficiency and abnormal return. Using regression analysis, the study has determined a meaningful, positive but weak relationship between abnormal return and efficiency. However, the study does not find any meaningful relationship between bank size and abnormal return.
关键词：Tehran Stock Exchange; Efficiency; Banking industry