Advances in Economics, Management and Political Sciences

- The Open Access Proceedings Series for Conferences


Proceedings of the 7th International Conference on Economic Management and Green Development

Series Vol. 39 , 10 November 2023


Open Access | Article

Thoughts on Hindenburg’s Report on Adani Share Price

Xuanhui Hu * 1 , Franco Chen 2 , Yinuo Liu 3 , Zewen Lu 4
1 Shenzhen College of International Education
2 Sedbergh School
3 Beijing Aidi School
4 Jinan Foreign Language School

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 39, 79-86
Published 10 November 2023. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Xuanhui Hu, Franco Chen, Yinuo Liu, Zewen Lu. Thoughts on Hindenburg’s Report on Adani Share Price. AEMPS (2023) Vol. 39: 79-86. DOI: 10.54254/2754-1169/39/20231938.

Abstract

In this paper, we investigate the impacts of Hindenburg’s accusation report on the share prices of seven Adani Group subsidiaries. Using linear regression and Cumulative Abnormal Returns (CAR) analysis, show the effect of the information within the event period. Additionally, the study explores the correlations between the seven companies' stock returns and Sharpe Ratios. We observed an instantly negative effect and further speculated why the recovery varies. We have also developed a more detailed understanding of short selling and put forward suggestions currently beneficial to investors.

Keywords

Adani group, Hindenburg research, share price

References

1. Sumathi Bala(2023)India’s Supreme Court sets up panel to investigate Adani allegations https://www.cnbc.com/2023/03/03/indias-supreme-court-orders-probe-into-adani- allegations-.html?&qsearchterm=adani%20power

2. https://en.wikipedia.org/wiki/Adani_Group

3. https://cn.investing.com/

4. https://finance.yahoo.com/

5. Praveen Menon Lewis Jackson (2023) GQG Partners likely to step up investment in Adani group, says founder https://www.reuters.com/business/gqg-partners-likely-grow-adani-investment-says- founder-2023-03-08/

Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 7th International Conference on Economic Management and Green Development
ISBN (Print)
978-1-83558-099-8
ISBN (Online)
978-1-83558-100-1
Published Date
10 November 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/39/20231938
Copyright
© 2023 The Author(s)
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated