The effect of acquisition announcement on shareholder returns in the Singapore stock market
The purpose of this research is to determine whether shareholders of both the acquiring firms and the target firms benefit from takeovers. To measure the effects of takeovers on share price retums, the Event Study technique is used. The cases of takeovers are obtained from the SES Financial News...
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sg-ntu-dr.10356-515152023-05-19T06:09:05Z The effect of acquisition announcement on shareholder returns in the Singapore stock market Ang, Yam Hwa Khoo, Boo Guan Toh, Shieh Fern Nanyang Business School David Ding DRNTU::Business::Accounting The purpose of this research is to determine whether shareholders of both the acquiring firms and the target firms benefit from takeovers. To measure the effects of takeovers on share price retums, the Event Study technique is used. The cases of takeovers are obtained from the SES Financial News and the share prices and SES All Share Indices are extracted from the NTU Financial Database. This study finds that shareholders of the target firms benefit substantially (6.96%) from takeovers. However, for shareholders of the acquiring firms, the gains enjoyed are small in percentage terms (0.88%) and less statistically significant than that for target firms. ACCOUNTANCY 2013-04-04T04:37:48Z 2013-04-04T04:37:48Z 1996 1996 Final Year Project (FYP) http://hdl.handle.net/10356/51515 en Nanyang Technological University 54 p. application/pdf |
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Nanyang Technological University |
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Asia |
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Singapore Singapore |
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English |
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DRNTU::Business::Accounting |
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DRNTU::Business::Accounting Ang, Yam Hwa Khoo, Boo Guan Toh, Shieh Fern The effect of acquisition announcement on shareholder returns in the Singapore stock market |
| description |
The purpose of this research is to determine whether shareholders of both the acquiring firms and the target firms benefit from takeovers.
To measure the effects of takeovers on share price retums, the Event Study technique is used. The cases of takeovers are obtained from the SES Financial News and the share prices and SES All Share Indices are extracted from the NTU Financial Database. This study finds that shareholders of the target firms benefit substantially (6.96%) from takeovers. However, for shareholders of the acquiring firms, the gains enjoyed are small in percentage terms (0.88%) and less statistically significant than that for target firms. |
| author2 |
Nanyang Business School |
| author_facet |
Nanyang Business School Ang, Yam Hwa Khoo, Boo Guan Toh, Shieh Fern |
| format |
Final Year Project |
| author |
Ang, Yam Hwa Khoo, Boo Guan Toh, Shieh Fern |
| author_sort |
Ang, Yam Hwa |
| title |
The effect of acquisition announcement on shareholder returns in the Singapore stock market |
| title_short |
The effect of acquisition announcement on shareholder returns in the Singapore stock market |
| title_full |
The effect of acquisition announcement on shareholder returns in the Singapore stock market |
| title_fullStr |
The effect of acquisition announcement on shareholder returns in the Singapore stock market |
| title_full_unstemmed |
The effect of acquisition announcement on shareholder returns in the Singapore stock market |
| title_sort |
effect of acquisition announcement on shareholder returns in the singapore stock market |
| publishDate |
2013 |
| url |
http://hdl.handle.net/10356/51515 |
| _version_ |
1770566192371597312 |