Corporate takeover and market efficiency The Malaysian Experience
The purpose of this study is to test the efficiency of the Malaysian stock market reaction with regard to acquisition announcement. The result on insignificant cumulative average residuals from day -1 to + I for bidders indicates that the Kuala Lumpur Stock Exchange market is reasonably efficient in...
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| Format: | Article |
| Language: | English |
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Penerbit Universiti Kebangsaan Malaysia
1992
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| Online Access: | http://journalarticle.ukm.my/7951/1/1615-3049-1-SM.pdf |