Cover Image

Short term performance of bonus issue announcement on Malaysian public listed firms / Nurshawal Othman

This present study examines the stock price reaction to the information content of bonus issues with a view of examining the Malaysian stock market is semi-strong efficient or not. The period of the study is January 2005 until December 2007 including 85 samples of firms that announcing bonus issue....

Full description

Saved in:
Bibliographic Details
Main Author: Othman, Nurshawal
Format: Thesis
Language:English
Published: 2013
Subjects:
Income. Income distribution. National income. Including gross national product, gross domestic product, and gross state product
Issues management
Online Access:http://ir.uitm.edu.my/id/eprint/33499/1/33499.pdf
http://ir.uitm.edu.my/id/eprint/33499/
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.uitm.ir.33499
record_format eprints
spelling my.uitm.ir.334992020-08-12T09:26:06Z http://ir.uitm.edu.my/id/eprint/33499/ Short term performance of bonus issue announcement on Malaysian public listed firms / Nurshawal Othman Othman, Nurshawal Income. Income distribution. National income. Including gross national product, gross domestic product, and gross state product Issues management This present study examines the stock price reaction to the information content of bonus issues with a view of examining the Malaysian stock market is semi-strong efficient or not. The period of the study is January 2005 until December 2007 including 85 samples of firms that announcing bonus issue. The present study used the event study methodology in order to examine the impact of bonus issues announcement on share prices. Results revealed that Average Abnormal Return (AAR) is positive at 0.15%. But, the bonus issue announcements have insignificant impact on share price on announcement day while the result of Cumulative Abnormal Return (CAR) is 22.98% and statistically significant at 1% level. Based on the findings, it shows that there is delay market reaction happened and semi-strong market does not efficient but provides stronger evidence on signaling hypothesis 2013-12 Thesis NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/33499/1/33499.pdf Othman, Nurshawal (2013) Short term performance of bonus issue announcement on Malaysian public listed firms / Nurshawal Othman. Degree thesis, Universiti Teknologi MARA, Kelantan.
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Income. Income distribution. National income. Including gross national product, gross domestic product, and gross state product
Issues management
spellingShingle Income. Income distribution. National income. Including gross national product, gross domestic product, and gross state product
Issues management
Othman, Nurshawal
Short term performance of bonus issue announcement on Malaysian public listed firms / Nurshawal Othman
description This present study examines the stock price reaction to the information content of bonus issues with a view of examining the Malaysian stock market is semi-strong efficient or not. The period of the study is January 2005 until December 2007 including 85 samples of firms that announcing bonus issue. The present study used the event study methodology in order to examine the impact of bonus issues announcement on share prices. Results revealed that Average Abnormal Return (AAR) is positive at 0.15%. But, the bonus issue announcements have insignificant impact on share price on announcement day while the result of Cumulative Abnormal Return (CAR) is 22.98% and statistically significant at 1% level. Based on the findings, it shows that there is delay market reaction happened and semi-strong market does not efficient but provides stronger evidence on signaling hypothesis
format Thesis
author Othman, Nurshawal
author_facet Othman, Nurshawal
author_sort Othman, Nurshawal
title Short term performance of bonus issue announcement on Malaysian public listed firms / Nurshawal Othman
title_short Short term performance of bonus issue announcement on Malaysian public listed firms / Nurshawal Othman
title_full Short term performance of bonus issue announcement on Malaysian public listed firms / Nurshawal Othman
title_fullStr Short term performance of bonus issue announcement on Malaysian public listed firms / Nurshawal Othman
title_full_unstemmed Short term performance of bonus issue announcement on Malaysian public listed firms / Nurshawal Othman
title_sort short term performance of bonus issue announcement on malaysian public listed firms / nurshawal othman
publishDate 2013
url http://ir.uitm.edu.my/id/eprint/33499/1/33499.pdf
http://ir.uitm.edu.my/id/eprint/33499/
_version_ 1685651066764394496
score 13.211869

Similar Items