Investor reaction to unexpected political and economic events in the Philippine stock market from the years 2000-2008

• Main Authors: Choi, Arvin, Chua, Jerome, Kumar, Veneet, Ong, Alfred
• Format: text
• Language: English
• Published: Animo Repository 2009
• Subjects: Stock exchanges > Philippines; Stockholders > Philippines; Finance and Financial Management
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/9017
• Institution: De La Salle University

This study examines investor reaction to major unexpected political and economic events that were initially publicly disseminated in the Philippine stock market from years 2000-2008. Applying an event study, evidences of overreaction hypotheis (OH) or uncertain information hypothesis (UIH) is tested...