The Effect of Announcement About Changing the Characteristics of Banking Saving Vehicles: The Case of the Egyptian Exchange

10 Pages Posted: 12 Jan 2018

See all articles by Nader Alber

Nader Alber

Ain Shams University

Shereen Ahmed

Ain Shams University - Faculty of Commerce

Date Written: January 9, 2018

Abstract

This paper aims at investigating the effect of the announcement of changing the characteristics of banking saving vehicles on the performance of the stock market. This has been conducted using the "event study" methodology during the period from 2007 to 2016, as applied on the Egyptian Exchange.

Results show that there are significant differences between abnormal returns before the announcement about changing the characteristics of banking saving vehicles compared with those of after announcement. Besides, findings don’t support any significant differences between abnormal trading volumes due to these announcements.

Keywords: Abnormal Returns, Abnormal Trading Volumes, Banking Saving Vehicles, Event Study, the Egyptian Exchange

Suggested Citation

Alber, Nader and Ahmed, Shereen, The Effect of Announcement About Changing the Characteristics of Banking Saving Vehicles: The Case of the Egyptian Exchange (January 9, 2018). Available at SSRN: https://ssrn.com/abstract=3098826 or http://dx.doi.org/10.2139/ssrn.3098826

Nader Alber (Contact Author)

Ain Shams University ( email )

Cairo
Egypt

Shereen Ahmed

Ain Shams University - Faculty of Commerce ( email )

Abbassia 11566, Cairo
Egypt

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