The Designation and Removal of Trustee Stock Status: Wealth Effects

• Main Authors: DING, David K., LOW, Angie
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2004
• Subjects: Trustee stocks; event study; Singapore; Asian Studies; Business; Finance and Financial Management; Portfolio and Security Analysis
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/1159; https://doi.org/10.1111/j.0306-686X.2004.00548.x
• Institution: Singapore Management University

This study investigates the impact of trustee stock status announcements on shareholders' wealth in Singapore. An event study methodology is used to ascertain the abnormal returns around the announcement day. The results show that there is a positive and permanent wealth effect on trustee stock...