Impact of employee stock option plan adoption announcements on shareholder wealth in Singapore.

Impact of employee stock option plan adoption announcements on shareholder wealth in Singapore.

This paper employs a Brown and Warner (1985) event study methodology to examine the market effect of ESOP adoption in the Singapore stock market. Using the shareholdermeeting date where the ESOP is passed as the announcement date, this paper finds a positive market reaction. The CAAR from day -50 to...

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Main Authors: Quek, Chaw Ming., Teng, Yong Sing.
Other Authors: Ding, David Kuan Yong
Format: Final Year Project
Published: 2008
Subjects:
DRNTU::Business::Finance::Equity
Online Access:http://hdl.handle.net/10356/10613
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Institution: Nanyang Technological University
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spelling sg-ntu-dr.10356-106132023-05-19T05:41:37Z Impact of employee stock option plan adoption announcements on shareholder wealth in Singapore. Quek, Chaw Ming. Teng, Yong Sing. Ding, David Kuan Yong Nanyang Business School DRNTU::Business::Finance::Equity This paper employs a Brown and Warner (1985) event study methodology to examine the market effect of ESOP adoption in the Singapore stock market. Using the shareholdermeeting date where the ESOP is passed as the announcement date, this paper finds a positive market reaction. The CAAR from day -50 to day 0 is 4.5626% and significant at the 0.01 level. Moreover, although the AAR on day 0 is not significant,the AAR on day -1 is 1.0228%, significant at the 0.01 level. 2008-09-24T07:45:42Z 2008-09-24T07:45:42Z 1999 1999 Final Year Project (FYP) http://hdl.handle.net/10356/10613 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::Finance::Equity
spellingShingle DRNTU::Business::Finance::Equity
Quek, Chaw Ming.
Teng, Yong Sing.
Impact of employee stock option plan adoption announcements on shareholder wealth in Singapore.
description This paper employs a Brown and Warner (1985) event study methodology to examine the market effect of ESOP adoption in the Singapore stock market. Using the shareholdermeeting date where the ESOP is passed as the announcement date, this paper finds a positive market reaction. The CAAR from day -50 to day 0 is 4.5626% and significant at the 0.01 level. Moreover, although the AAR on day 0 is not significant,the AAR on day -1 is 1.0228%, significant at the 0.01 level.
author2 Ding, David Kuan Yong
author_facet Ding, David Kuan Yong
Quek, Chaw Ming.
Teng, Yong Sing.
format Final Year Project
author Quek, Chaw Ming.
Teng, Yong Sing.
author_sort Quek, Chaw Ming.
title Impact of employee stock option plan adoption announcements on shareholder wealth in Singapore.
title_short Impact of employee stock option plan adoption announcements on shareholder wealth in Singapore.
title_full Impact of employee stock option plan adoption announcements on shareholder wealth in Singapore.
title_fullStr Impact of employee stock option plan adoption announcements on shareholder wealth in Singapore.
title_full_unstemmed Impact of employee stock option plan adoption announcements on shareholder wealth in Singapore.
title_sort impact of employee stock option plan adoption announcements on shareholder wealth in singapore.
publishDate 2008
url http://hdl.handle.net/10356/10613
_version_ 1770567007467470848

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