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Title: Foreign direct investments: a study of its impact on SES share prices
Authors: Ng, Wuay Ming
Kuan, Laura Sui Sum
Sam, Yoke Fong
Keywords: DRNTU::Business::Finance::Investments
Issue Date: 1994
Abstract: The benefits of foreign direct investments on the parent company of multinational corporation are abundant. Many studies have shown that through investing directly overseas, parent company or multinational corporation have managed to increase their firms' worth. However, little research was done on the stock investors' responses on these investments. Our study hopes to gain an insight into Singapore investors' reactions to these investment through the use of the event study methodology. The results indicated that generally there is no response to the announcement of foreign direct investments on the stock prices. This could mean that investors, on a whole, do not regard these investment as neither favourably nor unfavourably. The results can also be interpreted as that the Stock Exchange of Singapore is inefficient with regards to the announcement of investing overseas.
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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