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Thoughts on Hindenburg’s Report on Adani Share Price
- 1 Shenzhen College of International Education
- 2 Sedbergh School
- 3 Beijing Aidi School
- 4 Jinan Foreign Language School
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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
[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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Volume title: Proceedings of the 7th International Conference on Economic Management and Green Development
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