EFFICIENT MARKET HYPOTHESIS (EMH) AND NIGERIAN CAPITAL MARKET AN ANALYSIS OF BONUS ISSUES AND DIVIDED ANNOUCEMENT.
Abstract The study examined the efficient market hypothesis and Nigerian capital market in relation to information contained in dividend and bonus issues announcement to ascertain the speed at which the market adjust to all the relevant available information on share prices of the listed firms in the main board market. To estimate the speed of adjustment of daily share prices of 33 sampled firms listed in the market in semi-strong ...
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