Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/10613
Title: Impact of employee stock option plan adoption announcements on shareholder wealth in Singapore.
Authors: Quek, Chaw Ming.
Teng, Yong Sing.
Keywords: DRNTU::Business::Finance::Equity
Issue Date: 1999
Abstract: 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.
URI: http://hdl.handle.net/10356/10613
Rights: Nanyang Technological University
Fulltext Permission: restricted
Fulltext Availability: With Fulltext
Appears in Collections:NBS Student Reports (FYP/IA/PA/PI)

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