Clustering of annual general meetings and stock returns: UK evidence

Tolulola Lawal

Journal of Behavioral and Experimental Finance, 2016, vol. 11, issue C, 9-12

Abstract: We find evidence of a significantly negative relationship between stock returns and the clustering of annual general meetings in the UK. The negative returns during the clustering of annual general meetings are not, however, economically significant. We caution against interpreting our results as evidence of a “new anomaly” in stock market returns.

Keywords: Annual general meeting; Stock return; Market anomaly; Market efficiency (search for similar items in EconPapers)
JEL-codes: G10 G11 G12 G14 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:eee:beexfi:v:11:y:2016:i:c:p:9-12

DOI: 10.1016/j.jbef.2016.05.001

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