Prediction of Stock Returns with Pricing of Share Warrants: Evidence from Sri Lanka

dc.contributor.author	Nanthakumar, S.
dc.date.accessioned	2021-02-05T09:29:31Z
dc.date.available	2021-02-05T09:29:31Z
dc.date.issued	2020
dc.identifier.citation	Nanthakumar, S. (2019). Prediction of Stock Returns with Pricing of Share Warrants: Evidence from Sri Lanka. In: 8th Students’ Research Symposium 2019. Department of Finance, University of Kelaniya, Sri Lanka, p.21.	en_US
dc.identifier.issn	2279-3097
dc.identifier.uri	http://repository.kln.ac.lk/handle/123456789/21924
dc.description.abstract	Introduction - The purpose of this paper is to examine whether the share warrant prices predict the future stock returns. Design/Methodology/Approach - Data of stocks under S&P SL20 index are analyzed using Generalized Method of Moments. Findings - Warrant prices have a positive significant short run and long run relationship between warrant prices and S&P SL20 stock returns. Therefore, Researcher conclude that the warrant prices have the ability to predict the S&P SL20 stock returns. Conclusion - The changes in the share warrant prices are mostly impacted to the share returns of the companies which have highest market capitalization in Sri Lankan context as the S&P SL 20 companies have been selected as the sample of the study.	en_US
dc.publisher	Department of Finance	en_US
dc.subject	Warrant Prices, S&P SL20 Stock Returns, Generalized Method of Moments, Wald Test, Granger Causality	en_US
dc.title	Prediction of Stock Returns with Pricing of Share Warrants: Evidence from Sri Lanka	en_US