Document Type : Research Paper
Authors
1 Associate Professor, Accounting Group, University of Mazandaran
2 M.S. in Economics, University of Mazandaran
Abstract
This study is an attempt to investigate the impact of free float
announcement on stock return behavior of the companies accepted in
Tehran Stock Exchange. So we collect free float announcement in
twenty quarters period between 2004 and 2009. The researches
contain stocks behavior in time window between ten days before and
after announcement changes.
The most important finding of the study revealed that, the Abnormal
Return and Cumulative Abnormal Return statistically differ significantly
before and after of free float announcement.
Keywords
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