Journal of Management and Science
Vol. 2 No. 3 (2012): Vol 2, Iss 3, Year 2012
Articles

An empirical analysis of impact of bonus issue on share price with reference to selected companies in india

PDF
  • POORNIMA S,
  • CHITRA V
POORNIMA S
Associate Professor, P.S.G.R.Krishnammal College for Women, Coimbatore
CHITRA V
Assistant Professor, Nehru Institute of Engineering and Technology, Coimbatore
DOI: https://doi.org/10.26524/jms.2012.22
Published December 30, 2012
Keywords
  • Share Price, Bonus Shares
How to Cite
S, P., & V, C. (2012). An empirical analysis of impact of bonus issue on share price with reference to selected companies in india. Journal of Management and Science, 2(3), 198-202. https://doi.org/10.26524/jms.2012.22

Abstract

This study examines the impact of bonus issue on share price of selected scrip’s during February 2010 to February 2011 listed on National Stock Exchange, India. When additional shares are allotted to existing shareholders without being paid any additional payment for them, it is known as bonus shares. Bonus shares are issued by a company when it intends to pay dividend by issuing shares. Companies giving bonus shares are regarded very highly by investor fraternity. Very few studies have observed bonus issue announcement and share prices in India and this study is an attempt to fill the gap. The present study is an empirical analysis to examine the impact of bonus announcement on share prices. Impact has been analyzed between 7 days from the date of bonus announcement. The result divulges that there is no significant impact on bonus announcement between pre-post conditions considered for this study.

PDF

Downloads

Download data is not yet available.