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|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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