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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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Main Author: Fauzias Mat Nor,
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 1993
Online Access:http://journalarticle.ukm.my/7944/1/776-1483-1-SM.pdf
http://journalarticle.ukm.my/7944/
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spelling my-ukm.journal.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
institution Universiti Kebangsaan Malaysia
building Perpustakaan Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
language English
description 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/7944/1/776-1483-1-SM.pdf
http://journalarticle.ukm.my/7944/
_version_ 1643737305520799744
score 13.160551

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