The effect of merger and acquisition announcement on the stock price in Malaysia / Mimi Haizura Sharif

Merger announcements might lead to expectations about a positive perception in the stock price of the potential of these mergers for both the acquirer firm and the target firm. In this study, we investigate the impact of announcement of merger and acquisition to the stock price in Malaysia. The obje...

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Main Author:	Sharif, Mimi Haizura
Format:	Thesis
Language:	English
Published:	2017
Subjects:	Stock price indexes Stock quotations
Online Access:	https://ir.uitm.edu.my/id/eprint/93695/1/93695.pdf
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id	my-uitm-ir.93695
record_format	uketd_dc
spelling	my-uitm-ir.936952024-06-27T15:51:46Z The effect of merger and acquisition announcement on the stock price in Malaysia / Mimi Haizura Sharif 2017 Sharif, Mimi Haizura Stock price indexes. Stock quotations Merger announcements might lead to expectations about a positive perception in the stock price of the potential of these mergers for both the acquirer firm and the target firm. In this study, we investigate the impact of announcement of merger and acquisition to the stock price in Malaysia. The objective of this study is examine whether announcements of merger and acquisitions affect the stock price of the company, This study using daily stock price and FBM KLCI to calculate the abnormal return. The data arc collected tar 4 years frorn 2013 to 2016. Between that years, there is 840 announcement of merger and acquisitions in Malaysia. For this study we select the company that are listed in Bursa Malaysia and 100% acquire the target company. Because of limitation of data, the company used in this study is 111 company. This study only focus on investigating acquirer firm abnormal return. This huge reduction in number of companies due to only a few of them are listed in Bursa Malaysia and also limitation to get the stock price of the company. In this study, we found that there is significant abnormal return before and after merger and acquisition. Other than that, we also found that announcement of merger and acquisitions had giving impact towards stock price of company. 2017 Thesis https://ir.uitm.edu.my/id/eprint/93695/ https://ir.uitm.edu.my/id/eprint/93695/1/93695.pdf text en public degree Universiti Teknologi MARA, Johor Faculty of Business Management Ismail, Norashikin Zainal Abidin, Rabiatul Alawiyah Mohamed Yousop, Nur Liyana
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
advisor	Ismail, Norashikin Zainal Abidin, Rabiatul Alawiyah Mohamed Yousop, Nur Liyana
topic	Stock price indexes Stock quotations
spellingShingle	Stock price indexes Stock quotations Sharif, Mimi Haizura The effect of merger and acquisition announcement on the stock price in Malaysia / Mimi Haizura Sharif
description	Merger announcements might lead to expectations about a positive perception in the stock price of the potential of these mergers for both the acquirer firm and the target firm. In this study, we investigate the impact of announcement of merger and acquisition to the stock price in Malaysia. The objective of this study is examine whether announcements of merger and acquisitions affect the stock price of the company, This study using daily stock price and FBM KLCI to calculate the abnormal return. The data arc collected tar 4 years frorn 2013 to 2016. Between that years, there is 840 announcement of merger and acquisitions in Malaysia. For this study we select the company that are listed in Bursa Malaysia and 100% acquire the target company. Because of limitation of data, the company used in this study is 111 company. This study only focus on investigating acquirer firm abnormal return. This huge reduction in number of companies due to only a few of them are listed in Bursa Malaysia and also limitation to get the stock price of the company. In this study, we found that there is significant abnormal return before and after merger and acquisition. Other than that, we also found that announcement of merger and acquisitions had giving impact towards stock price of company.
format	Thesis
qualification_level	Bachelor degree
author	Sharif, Mimi Haizura
author_facet	Sharif, Mimi Haizura
author_sort	Sharif, Mimi Haizura
title	The effect of merger and acquisition announcement on the stock price in Malaysia / Mimi Haizura Sharif
title_short	The effect of merger and acquisition announcement on the stock price in Malaysia / Mimi Haizura Sharif
title_full	The effect of merger and acquisition announcement on the stock price in Malaysia / Mimi Haizura Sharif
title_fullStr	The effect of merger and acquisition announcement on the stock price in Malaysia / Mimi Haizura Sharif
title_full_unstemmed	The effect of merger and acquisition announcement on the stock price in Malaysia / Mimi Haizura Sharif
title_sort	effect of merger and acquisition announcement on the stock price in malaysia / mimi haizura sharif
granting_institution	Universiti Teknologi MARA, Johor
granting_department	Faculty of Business Management
publishDate	2017
url	https://ir.uitm.edu.my/id/eprint/93695/1/93695.pdf
_version_	1804889890708520960

The effect of merger and acquisition announcement on the stock price in Malaysia / Mimi Haizura Sharif

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