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
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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
- 10 November 2023
- 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