Empirical study on the market's reponse to the earnings announcements of firms in Singapore and its association with corporate governance mechanisms.

Strong governance involves balancing corporate performance with an appropriate level of monitoring (Cadbury, 1997). In this paper, we explore the relationship between corporate governance mechanisms and market's response to earnings announcements by Singapore listed firms. Our focus is on wheth...

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Bibliographic Details
Main Authors: Tan, Raymond Voon Ping., Tay, Hui Yei., Zhao, Kaihong.
Other Authors: Kwok, Branson Chi Hing
Format: Final Year Project
Published: 2008
Subjects:
Online Access:http://hdl.handle.net/10356/10144
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Institution: Nanyang Technological University
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Summary:Strong governance involves balancing corporate performance with an appropriate level of monitoring (Cadbury, 1997). In this paper, we explore the relationship between corporate governance mechanisms and market's response to earnings announcements by Singapore listed firms. Our focus is on whether market responds differently to the monitoring capabilities of the varying corporate governance structures found in Singapore firms.