Share Price Reaction to BEE announcements on the JSE: Test for short-term market efficiency in South African capital market
Analyzes share price reactions to BEE announcements on the JSE and tests short-term market efficiency in South Africa.
About This Book
This study investigates the impact of Broad-Based Black Economic Empowerment announcements on share prices listed on the Johannesburg Stock Exchange.
It applies event-study methodology to assess whether these announcements produce abnormal returns in the short term.
The research evaluates the efficiency of the South African capital market in responding to regulatory and policy-related news.
Findings contribute to understanding market behavior in emerging economies and the effects of empowerment legislation on investor sentiment.
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