Please use this identifier to cite or link to this item:
|Title:||Investor reactions to corporate scandals of foreign listings.||Authors:||Thia, Jian Wei.
Quek, Lennard Hsien Min.
Leong, Alvin Jun Wei.
|Keywords:||DRNTU::Business::Finance::Investments||Issue Date:||2011||Abstract:||Investors’ decision-making process has always been of interest to many researchers spanning across psychology and finance. Drawing from cognitive processing and structural management theories, this study examines the spillover effect on firms categorized as foreign-listed firms. Specifically, we examine market reactions to SGX announcements of corporate scandals on S-shares, which are firms listed in the Singapore Stock Exchange with main operations in China. Financial event study methodology revealed the existence of negative spillover effects to other S-shares not involved in the alleged scandal. The results further affirm the importance of internal and external risk indicators in investment decision-making. Overall, this study suggests that investors may be adopting a two-stage decision-making process, which first uses general categorizations to narrow down on a group of firms that may be of interest before applying specific investment criteria to make their final decisions.||URI:||http://hdl.handle.net/10356/43704||Rights:||Nanyang Technological University||Fulltext Permission:||none||Fulltext Availability:||No Fulltext|
|Appears in Collections:||NBS Student Reports (FYP/IA/PA/PI)|
Page view(s) 10564
Updated on Nov 30, 2020
Items in DR-NTU are protected by copyright, with all rights reserved, unless otherwise indicated.