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Reminiscing stock splits announcement: A Malaysian case

This study attempts to understands and verify the effects of stock splits on the abnormal returns of announcing companies share prices using Market Adjusted Returns (MAR) Model.Test findings reveal splits announcements in Malaysia result in positive but insignificant abnormal returns. Additional...

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Main Authors: Ghazali, Zahiruddin, Md. Taib, Fauziah, Othman, Noraini
Format: Article
Language:English
Published: Pak Publishing Group 2014
Subjects:
HD28 Management. Industrial Management
Online Access:http://repo.uum.edu.my/15407/1/IJBEM.pdf
http://repo.uum.edu.my/15407/
http://pakinsight.com/?ic=archive&journal=62&month=07-2014&issue=7
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id my.uum.repo.15407
record_format eprints
spelling my.uum.repo.154072016-04-18T00:44:41Z http://repo.uum.edu.my/15407/ Reminiscing stock splits announcement: A Malaysian case Ghazali, Zahiruddin Md. Taib, Fauziah Othman, Noraini HD28 Management. Industrial Management This study attempts to understands and verify the effects of stock splits on the abnormal returns of announcing companies share prices using Market Adjusted Returns (MAR) Model.Test findings reveal splits announcements in Malaysia result in positive but insignificant abnormal returns. Additional OLS test was carry out to examine the relationship between companies’ cumulative abnormal returns (CAAR) and prior dividend yield (PDY). Result from uni-variate regression analysis shows there is minimal but significant positive relationship between CAAR and PDY. Pak Publishing Group 2014 Article PeerReviewed application/pdf en http://repo.uum.edu.my/15407/1/IJBEM.pdf Ghazali, Zahiruddin and Md. Taib, Fauziah and Othman, Noraini (2014) Reminiscing stock splits announcement: A Malaysian case. International Journal of Business, Economics and Management, 1 (7). pp. 136-145. ISSN 2312-5772 http://pakinsight.com/?ic=archive&journal=62&month=07-2014&issue=7
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic HD28 Management. Industrial Management
spellingShingle HD28 Management. Industrial Management
Ghazali, Zahiruddin
Md. Taib, Fauziah
Othman, Noraini
Reminiscing stock splits announcement: A Malaysian case
description This study attempts to understands and verify the effects of stock splits on the abnormal returns of announcing companies share prices using Market Adjusted Returns (MAR) Model.Test findings reveal splits announcements in Malaysia result in positive but insignificant abnormal returns. Additional OLS test was carry out to examine the relationship between companies’ cumulative abnormal returns (CAAR) and prior dividend yield (PDY). Result from uni-variate regression analysis shows there is minimal but significant positive relationship between CAAR and PDY.
format Article
author Ghazali, Zahiruddin
Md. Taib, Fauziah
Othman, Noraini
author_facet Ghazali, Zahiruddin
Md. Taib, Fauziah
Othman, Noraini
author_sort Ghazali, Zahiruddin
title Reminiscing stock splits announcement: A Malaysian case
title_short Reminiscing stock splits announcement: A Malaysian case
title_full Reminiscing stock splits announcement: A Malaysian case
title_fullStr Reminiscing stock splits announcement: A Malaysian case
title_full_unstemmed Reminiscing stock splits announcement: A Malaysian case
title_sort reminiscing stock splits announcement: a malaysian case
publisher Pak Publishing Group
publishDate 2014
url http://repo.uum.edu.my/15407/1/IJBEM.pdf
http://repo.uum.edu.my/15407/
http://pakinsight.com/?ic=archive&journal=62&month=07-2014&issue=7
_version_ 1644281709600964608
score 13.149126

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