Impact of Lock-in Period Expiration on Share Prices and Volume: An Empirical Study

Rohini Mahajan and Balwinder Singh

Management and Labour Studies, 2011, vol. 36, issue 2, 155-174

Abstract: This paper examines the impact of lock-in period expiration on share prices and stock volume using closing prices and volume of BSE index for the period of 21 and 11 days around the event. The sample consists of one sixty five events of lock-in period expiration during seven year period i.e. from 2003 to 2009 for the IPOs which came in the year 2000 to 2006. The methods used include Standard event study, Market Adjusted Model, and Field and Hanka Model. The study provides evidence that the event of lock-in period expiration has not produced much impact on Indian stock market because results for both the methods of price reaction and for the method of stock volume reaction are insignificant which means share prices and stock volume of Indian companies have not faced any abnormality around the lock-in period expiration date.

Keywords: IPO; Lock-in Period; Standard Event Study (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/0258042X1103600203 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:manlab:v:36:y:2011:i:2:p:155-174

DOI: 10.1177/0258042X1103600203

Access Statistics for this article

More articles in Management and Labour Studies from XLRI Jamshedpur, School of Business Management & Human Resources
Bibliographic data for series maintained by SAGE Publications ().