Acquisition announcement and stock price behaviour: the Malaysian experience
This paper examines the effects of acquisition announcement on the price behaviour of the Malaysian bidders and target firms. Event study technique is the method used to compute abnormal returns, based on the single index or market model. However, two other models, the capital asset pricing model (C...
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ukm-79442016-12-14T06:45:43Z http://journalarticle.ukm.my/7944/ Acquisition announcement and stock price behaviour: the Malaysian experience Fauzias Mat Nor, This paper examines the effects of acquisition announcement on the price behaviour of the Malaysian bidders and target firms. Event study technique is the method used to compute abnormal returns, based on the single index or market model. However, two other models, the capital asset pricing model (CAPM) with unconstrarned and constrarned intercept, and the market model with constrained parameters a = O and p = 1 are also included in this study to ascertain whether the specificatzon of control returns effect the results. There are no obvious difference in the conclusions from using diferent models. Penerbit Universiti Kebangsaan Malaysia 1993 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/7944/1/776-1483-1-SM.pdf Fauzias Mat Nor, (1993) Acquisition announcement and stock price behaviour: the Malaysian experience. Jurnal Pengurusan, 12 . pp. 85-109. ISSN 0127-2713 |
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Universiti Kebangasaan Malaysia |
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Online Access |
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English |
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This paper examines the effects of acquisition announcement on the price behaviour of the Malaysian bidders and target firms. Event study technique is the method used to compute abnormal returns, based on the single index or market model. However, two other models, the capital asset pricing model (CAPM) with unconstrarned and constrarned intercept, and the market model with constrained parameters a = O and p = 1 are also included in this study to ascertain whether the specificatzon of control returns effect the results.
There are no obvious difference in the conclusions from using diferent models. |
format |
Article |
author |
Fauzias Mat Nor, |
spellingShingle |
Fauzias Mat Nor, Acquisition announcement and stock price behaviour: the Malaysian experience |
author_facet |
Fauzias Mat Nor, |
author_sort |
Fauzias Mat Nor, |
title |
Acquisition announcement and stock price behaviour: the Malaysian experience |
title_short |
Acquisition announcement and stock price behaviour: the Malaysian experience |
title_full |
Acquisition announcement and stock price behaviour: the Malaysian experience |
title_fullStr |
Acquisition announcement and stock price behaviour: the Malaysian experience |
title_full_unstemmed |
Acquisition announcement and stock price behaviour: the Malaysian experience |
title_sort |
acquisition announcement and stock price behaviour: the malaysian experience |
publisher |
Penerbit Universiti Kebangsaan Malaysia |
publishDate |
1993 |
url |
http://journalarticle.ukm.my/7944/ http://journalarticle.ukm.my/7944/1/776-1483-1-SM.pdf |
first_indexed |
2023-09-18T19:51:04Z |
last_indexed |
2023-09-18T19:51:04Z |
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1777406222699331584 |