The effect of stock bonus issue announcements on Singapore share prices : implications on market efficiency

The aim of this project is to test the semi-strong form of market efficiency in the Singapore context with respect to the announcement of stock bonus issues. This study attempts to seek answers to the following: i) What is the share price behaviour prior to and after the public announcement of a sto...

وصف كامل

محفوظ في:
التفاصيل البيبلوغرافية
المؤلفون الرئيسيون: Kan, Piek Yu, Kum, Mun Lock, Seah, Bee Lian
مؤلفون آخرون: Nanyang Business School
التنسيق: Final Year Project
اللغة:English
منشور في: 2014
الموضوعات:
الوصول للمادة أونلاين:http://hdl.handle.net/10356/59804
الوسوم: إضافة وسم
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الوصف
الملخص:The aim of this project is to test the semi-strong form of market efficiency in the Singapore context with respect to the announcement of stock bonus issues. This study attempts to seek answers to the following: i) What is the share price behaviour prior to and after the public announcement of a stock bonus issue? ii) Are Singapore stocks capable of incorporating public information into the share prices? iii) Can investors make use of public announcements of bonus 1ssue to reap abnormal profits?