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

• 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
• Institution: Nanyang Technological University

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...