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...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Pak Publishing Group
2014
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/15407/1/IJBEM.pdf |
| _version_ | 1803626970436599808 |
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| author | Ghazali, Zahiruddin Md. Taib, Fauziah Othman, Noraini |
| author_facet | Ghazali, Zahiruddin Md. Taib, Fauziah Othman, Noraini |
| author_sort | Ghazali, Zahiruddin |
| collection | UUM |
| 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. |
| first_indexed | 2024-07-04T05:58:38Z |
| format | Article |
| id | uum-15407 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:58:38Z |
| publishDate | 2014 |
| publisher | Pak Publishing Group |
| record_format | dspace |
| spelling | uum-154072016-04-18T00:44:41Z https://repo.uum.edu.my/id/eprint/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 https://repo.uum.edu.my/id/eprint/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 |
| spellingShingle | HD28 Management. Industrial Management Ghazali, Zahiruddin Md. Taib, Fauziah Othman, Noraini Reminiscing stock splits announcement: A Malaysian case |
| title | 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_short | Reminiscing stock splits announcement: A Malaysian case |
| title_sort | reminiscing stock splits announcement a malaysian case |
| topic | HD28 Management. Industrial Management |
| url | https://repo.uum.edu.my/id/eprint/15407/1/IJBEM.pdf |
| work_keys_str_mv | AT ghazalizahiruddin reminiscingstocksplitsannouncementamalaysiancase AT mdtaibfauziah reminiscingstocksplitsannouncementamalaysiancase AT othmannoraini reminiscingstocksplitsannouncementamalaysiancase |