Thoughts on Hindenburg’s Report on Adani Share Price

Research Article
Open access

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    
  • *corresponding author Cathyyy2022@outlook.com
Published on 10 November 2023 | https://doi.org/10.54254/2754-1169/39/20231938
AEMPS Vol.39
ISSN (Print): 2754-1177
ISSN (Online): 2754-1169
ISBN (Print): 978-1-83558-099-8
ISBN (Online): 978-1-83558-100-1

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

Hu,X.;Chen,F.;Liu,Y.;Lu,Z. (2023). Thoughts on Hindenburg’s Report on Adani Share Price. Advances in Economics, Management and Political Sciences,39,79-86.
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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/


Cite this article

Hu,X.;Chen,F.;Liu,Y.;Lu,Z. (2023). Thoughts on Hindenburg’s Report on Adani Share Price. Advances in Economics, Management and Political Sciences,39,79-86.

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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About volume

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

ISBN:978-1-83558-099-8(Print) / 978-1-83558-100-1(Online)
Editor:Canh Thien Dang
Conference website: https://www.icemgd.org/
Conference date: 6 August 2023
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.39
ISSN:2754-1169(Print) / 2754-1177(Online)

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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/