Association between government share ownership, investment opportunity set and corporate policy choices : evidence from Singapore.

Association between government share ownership, investment opportunity set and corporate policy choices : evidence from Singapore.

The research is conducted using pooled regression analysis on 223 listed firms on the Singapore Exchange (SGX) between 1994 to 1998. We provide additional evidence on contracting theory arguments for the relation between government ownership of shares, growth opportunities measured in terms of the i...

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Main Authors: Chia, Shu Siang., Chye, Yook Yee., Sim, Kuan Yang.
Other Authors: Sun, Qian
Format: Final Year Project
Published: 2008
Subjects:
DRNTU::Business::Management
Online Access:http://hdl.handle.net/10356/10561
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Institution: Nanyang Technological University
id sg-ntu-dr.10356-10561
record_format dspace
spelling sg-ntu-dr.10356-105612023-05-19T07:23:13Z Association between government share ownership, investment opportunity set and corporate policy choices : evidence from Singapore. Chia, Shu Siang. Chye, Yook Yee. Sim, Kuan Yang. Sun, Qian Nanyang Business School DRNTU::Business::Management The research is conducted using pooled regression analysis on 223 listed firms on the Singapore Exchange (SGX) between 1994 to 1998. We provide additional evidence on contracting theory arguments for the relation between government ownership of shares, growth opportunities measured in terms of the investment opportunity set (IOS) and corporate policy choices. Consistent with prior studies, we find that IOS is negatively associated with leverage and dividend yield. Our results also show that government ownership is negatively associated with leverage and dividend yield. 2008-09-24T07:44:57Z 2008-09-24T07:44:57Z 2001 2001 Final Year Project (FYP) http://hdl.handle.net/10356/10561 Nanyang Technological University application/pdf
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
topic DRNTU::Business::Management
spellingShingle DRNTU::Business::Management
Chia, Shu Siang.
Chye, Yook Yee.
Sim, Kuan Yang.
Association between government share ownership, investment opportunity set and corporate policy choices : evidence from Singapore.
description The research is conducted using pooled regression analysis on 223 listed firms on the Singapore Exchange (SGX) between 1994 to 1998. We provide additional evidence on contracting theory arguments for the relation between government ownership of shares, growth opportunities measured in terms of the investment opportunity set (IOS) and corporate policy choices. Consistent with prior studies, we find that IOS is negatively associated with leverage and dividend yield. Our results also show that government ownership is negatively associated with leverage and dividend yield.
author2 Sun, Qian
author_facet Sun, Qian
Chia, Shu Siang.
Chye, Yook Yee.
Sim, Kuan Yang.
format Final Year Project
author Chia, Shu Siang.
Chye, Yook Yee.
Sim, Kuan Yang.
author_sort Chia, Shu Siang.
title Association between government share ownership, investment opportunity set and corporate policy choices : evidence from Singapore.
title_short Association between government share ownership, investment opportunity set and corporate policy choices : evidence from Singapore.
title_full Association between government share ownership, investment opportunity set and corporate policy choices : evidence from Singapore.
title_fullStr Association between government share ownership, investment opportunity set and corporate policy choices : evidence from Singapore.
title_full_unstemmed Association between government share ownership, investment opportunity set and corporate policy choices : evidence from Singapore.
title_sort association between government share ownership, investment opportunity set and corporate policy choices : evidence from singapore.
publishDate 2008
url http://hdl.handle.net/10356/10561
_version_ 1772828683616124928

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