Impact of the news of Economic Transformation Programe on various sectors in Malaysia stock market
The Economic Transformation Programme (ETP) is a comprehensive effort that will transform Malaysia into a high-income nation by 2020. This study investigates the impact of (ETP) on Malaysian capital market. The data that used in this study consists of daily returns in Kuala Lumpur Composite Index an...
| Main Authors: | , , |
|---|---|
| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
School of Economics, Faculty of Economics and Management, Universiti Kebangsaan Malaysia
2013
|
| Online Access: | http://psasir.upm.edu.my/id/eprint/48829/1/Impact%20of%20the%20news%20of%20Economic%20Transformation%20Programe%20on%20various%20sectors%20in%20Malaysia%20stock%20market.pdf |
| _version_ | 1825930081827028992 |
|---|---|
| author | Cheng, Fan Fah Tan, Kim Foo Cheng, Seow Voon |
| author_facet | Cheng, Fan Fah Tan, Kim Foo Cheng, Seow Voon |
| author_sort | Cheng, Fan Fah |
| collection | UPM |
| description | The Economic Transformation Programme (ETP) is a comprehensive effort that will transform Malaysia into a high-income nation by 2020. This study investigates the impact of (ETP) on Malaysian capital market. The data that used in this study consists of daily returns in Kuala Lumpur Composite Index and various sector indexes. Event study method is used to analyze the effect during the announcement of various announcements of transformation news. The market model is used to analyze the effect of these ETP events. The results expected to show that the shocks provided by (ETP) are likely diversified away at the market level for Malaysian market, but the effect of these extreme (ETP) events is varying across these different market sectors in this market. This study suggests that the impacts of (ETP) on Malaysia indexes will be significant. |
| first_indexed | 2024-03-06T09:06:12Z |
| format | Conference or Workshop Item |
| id | upm.eprints-48829 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T09:06:12Z |
| publishDate | 2013 |
| publisher | School of Economics, Faculty of Economics and Management, Universiti Kebangsaan Malaysia |
| record_format | dspace |
| spelling | upm.eprints-488292016-11-01T03:51:39Z http://psasir.upm.edu.my/id/eprint/48829/ Impact of the news of Economic Transformation Programe on various sectors in Malaysia stock market Cheng, Fan Fah Tan, Kim Foo Cheng, Seow Voon The Economic Transformation Programme (ETP) is a comprehensive effort that will transform Malaysia into a high-income nation by 2020. This study investigates the impact of (ETP) on Malaysian capital market. The data that used in this study consists of daily returns in Kuala Lumpur Composite Index and various sector indexes. Event study method is used to analyze the effect during the announcement of various announcements of transformation news. The market model is used to analyze the effect of these ETP events. The results expected to show that the shocks provided by (ETP) are likely diversified away at the market level for Malaysian market, but the effect of these extreme (ETP) events is varying across these different market sectors in this market. This study suggests that the impacts of (ETP) on Malaysia indexes will be significant. School of Economics, Faculty of Economics and Management, Universiti Kebangsaan Malaysia 2013 Conference or Workshop Item PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/48829/1/Impact%20of%20the%20news%20of%20Economic%20Transformation%20Programe%20on%20various%20sectors%20in%20Malaysia%20stock%20market.pdf Cheng, Fan Fah and Tan, Kim Foo and Cheng, Seow Voon (2013) Impact of the news of Economic Transformation Programe on various sectors in Malaysia stock market. In: Eighth Malaysian National Economic Conference (PERKEM VIII), 7-9 June 2013, KSL Hotel & Resort, Johor Bahru, Johor, Malaysia. (pp. 1483-1491). http://www.ukm.my/fep/perkem/contents/perkem2013-3-07.html |
| spellingShingle | Cheng, Fan Fah Tan, Kim Foo Cheng, Seow Voon Impact of the news of Economic Transformation Programe on various sectors in Malaysia stock market |
| title | Impact of the news of Economic Transformation Programe on various sectors in Malaysia stock market |
| title_full | Impact of the news of Economic Transformation Programe on various sectors in Malaysia stock market |
| title_fullStr | Impact of the news of Economic Transformation Programe on various sectors in Malaysia stock market |
| title_full_unstemmed | Impact of the news of Economic Transformation Programe on various sectors in Malaysia stock market |
| title_short | Impact of the news of Economic Transformation Programe on various sectors in Malaysia stock market |
| title_sort | impact of the news of economic transformation programe on various sectors in malaysia stock market |
| url | http://psasir.upm.edu.my/id/eprint/48829/1/Impact%20of%20the%20news%20of%20Economic%20Transformation%20Programe%20on%20various%20sectors%20in%20Malaysia%20stock%20market.pdf |
| work_keys_str_mv | AT chengfanfah impactofthenewsofeconomictransformationprogrameonvarioussectorsinmalaysiastockmarket AT tankimfoo impactofthenewsofeconomictransformationprogrameonvarioussectorsinmalaysiastockmarket AT chengseowvoon impactofthenewsofeconomictransformationprogrameonvarioussectorsinmalaysiastockmarket |