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Deposit Money Banks Stocks Return Reactions to Post Financial Crisis Stress Test Result Announcements in Nigeria

The study examined the impact of post-financial crisis stress test results announcements on stock return of DMBs in Nigeria over a thirty-One (31) days event window and one hundred (100) days estimation window, for the period June 2013 to June 2016. The secondary data used in the study was analyzed...

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Main Authors: Umar, Kabiru, Shakur, Faruk
Format: Article
Language:English
Published: UUM Press 2018
Subjects:
HG Finance
Online Access:https://repo.uum.edu.my/id/eprint/30276/1/GBMR%2010%2001%202018%201-12.pdf
https://doi.org/10.32890/gbmr2018.10.1.11049
https://repo.uum.edu.my/id/eprint/30276/
https://e-journal.uum.edu.my/index.php/gbmr/article/view/11049
https://doi.org/10.32890/gbmr2018.10.1.11049
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spelling my.uum.repo.302762024-01-21T08:04:35Z https://repo.uum.edu.my/id/eprint/30276/ Deposit Money Banks Stocks Return Reactions to Post Financial Crisis Stress Test Result Announcements in Nigeria Umar, Kabiru Shakur, Faruk HG Finance The study examined the impact of post-financial crisis stress test results announcements on stock return of DMBs in Nigeria over a thirty-One (31) days event window and one hundred (100) days estimation window, for the period June 2013 to June 2016. The secondary data used in the study was analyzed using event study methodology for a sample of 15 DMBs drawn from population of twenty-two DMBs in Nigeria. The residuals of abnormal returns over the event window were subjected to diagnostic tests for serial correlation, normality and heteroskedasticity, the results indicated that the model was correctly specified. The result of test of hypotheses indicated that there is no significant CAR before, on the days and after post crisis stress test results announcements on stock returns of DMBs in Nigeria. Thus, the study concluded that stress test result announcements post financial crisis has a positive insignificant abnormal return before and on the day of announcements but negative insignificant abnormal returns after the announcements on DMBs return on stocks post financial crisis period in Nigeria. UUM Press 2018 Article PeerReviewed application/pdf en cc4_by https://repo.uum.edu.my/id/eprint/30276/1/GBMR%2010%2001%202018%201-12.pdf Umar, Kabiru and Shakur, Faruk (2018) Deposit Money Banks Stocks Return Reactions to Post Financial Crisis Stress Test Result Announcements in Nigeria. Global Business Management Review (GBMR), 10 (1). pp. 1-12. ISSN 2180-2416 https://e-journal.uum.edu.my/index.php/gbmr/article/view/11049 https://doi.org/10.32890/gbmr2018.10.1.11049 https://doi.org/10.32890/gbmr2018.10.1.11049
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutional Repository
url_provider http://repo.uum.edu.my/
language English
topic HG Finance
spellingShingle HG Finance
Umar, Kabiru
Shakur, Faruk
Deposit Money Banks Stocks Return Reactions to Post Financial Crisis Stress Test Result Announcements in Nigeria
description The study examined the impact of post-financial crisis stress test results announcements on stock return of DMBs in Nigeria over a thirty-One (31) days event window and one hundred (100) days estimation window, for the period June 2013 to June 2016. The secondary data used in the study was analyzed using event study methodology for a sample of 15 DMBs drawn from population of twenty-two DMBs in Nigeria. The residuals of abnormal returns over the event window were subjected to diagnostic tests for serial correlation, normality and heteroskedasticity, the results indicated that the model was correctly specified. The result of test of hypotheses indicated that there is no significant CAR before, on the days and after post crisis stress test results announcements on stock returns of DMBs in Nigeria. Thus, the study concluded that stress test result announcements post financial crisis has a positive insignificant abnormal return before and on the day of announcements but negative insignificant abnormal returns after the announcements on DMBs return on stocks post financial crisis period in Nigeria.
format Article
author Umar, Kabiru
Shakur, Faruk
author_facet Umar, Kabiru
Shakur, Faruk
author_sort Umar, Kabiru
title Deposit Money Banks Stocks Return Reactions to Post Financial Crisis Stress Test Result Announcements in Nigeria
title_short Deposit Money Banks Stocks Return Reactions to Post Financial Crisis Stress Test Result Announcements in Nigeria
title_full Deposit Money Banks Stocks Return Reactions to Post Financial Crisis Stress Test Result Announcements in Nigeria
title_fullStr Deposit Money Banks Stocks Return Reactions to Post Financial Crisis Stress Test Result Announcements in Nigeria
title_full_unstemmed Deposit Money Banks Stocks Return Reactions to Post Financial Crisis Stress Test Result Announcements in Nigeria
title_sort deposit money banks stocks return reactions to post financial crisis stress test result announcements in nigeria
publisher UUM Press
publishDate 2018
url https://repo.uum.edu.my/id/eprint/30276/1/GBMR%2010%2001%202018%201-12.pdf
https://doi.org/10.32890/gbmr2018.10.1.11049
https://repo.uum.edu.my/id/eprint/30276/
https://e-journal.uum.edu.my/index.php/gbmr/article/view/11049
https://doi.org/10.32890/gbmr2018.10.1.11049
_version_ 1789428566231875584
score 13.211869

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