earticle

영어

The purpose of this research is to verify the effectiveness of the anti-dumping measure and the efficiency of the market through fluctuations in the stock price of Korean export companies that subject to antidumping lawsuits or imposing duties on foreign countries. Accordingly, to identify the influence of the stock market that causes the effects of anti-dumping measure, we used the event study methodology and took the date of investigation start and final decision as the event day. The main results and implications of this study are as follows. The market effectively responds to the information of Investigation start and final decision not to imposing an anti-dumping duty because there yield no statistically significant abnormal return after the event day with reflecting all available information on the event day in the stock price and yield statistically significant abnormal return by release of reliable information before the event day and by investor expectations.