The impact of broker's recommendations in Kuala Lumpur stock exchange (KLSE)

The impact of broker's recommendations in Kuala Lumpur stock exchange (KLSE)

This study empirically examines the impact of stock recommendations produced by a stockbrocking firm from Singapore on the equity market in Malaysia. This comparative study was conducted on 159 recommended stocks and randomly selected stocks from the Kuala Lumpur Security Exchange (KLSE) stock marke...

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Bibliographic Details
Main Author: Pui, Wan Bing
Format: Thesis
Language:English
Published: 2003
Subjects:
HG Finance
Online Access:http://ir.unimas.my/id/eprint/487/1/Pui%20Wan%20Bing%20ft.pdf
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id my-unimas-ir.487
record_format uketd_dc
spelling my-unimas-ir.4872023-06-23T04:13:01Z The impact of broker's recommendations in Kuala Lumpur stock exchange (KLSE) 2003 Pui, Wan Bing HG Finance This study empirically examines the impact of stock recommendations produced by a stockbrocking firm from Singapore on the equity market in Malaysia. This comparative study was conducted on 159 recommended stocks and randomly selected stocks from the Kuala Lumpur Security Exchange (KLSE) stock market spanning over a recent 1-year period. Two questions are addressed namely do broker's recommendations ahve predictive ability and do broker's recommendations generate abnormal return? Using event study methodology, buy, sell and hold type recommendations are observed to have a significant impact on stock prices in the post-recommendation period. Statistical analysis such as t-test was carried out to test the research hypotheses Universiti Malaysia Sarawak, (UNIMAS) 2003 Thesis http://ir.unimas.my/id/eprint/487/ http://ir.unimas.my/id/eprint/487/1/Pui%20Wan%20Bing%20ft.pdf text en validuser masters Universiti Malaysia Sarawak (UNIMAS) Faculty of Economics and Business
institution Universiti Malaysia Sarawak
collection UNIMAS Institutional Repository
language English
topic HG Finance
spellingShingle HG Finance
Pui, Wan Bing
The impact of broker's recommendations in Kuala Lumpur stock exchange (KLSE)
description This study empirically examines the impact of stock recommendations produced by a stockbrocking firm from Singapore on the equity market in Malaysia. This comparative study was conducted on 159 recommended stocks and randomly selected stocks from the Kuala Lumpur Security Exchange (KLSE) stock market spanning over a recent 1-year period. Two questions are addressed namely do broker's recommendations ahve predictive ability and do broker's recommendations generate abnormal return? Using event study methodology, buy, sell and hold type recommendations are observed to have a significant impact on stock prices in the post-recommendation period. Statistical analysis such as t-test was carried out to test the research hypotheses
format Thesis
qualification_level Master's degree
author Pui, Wan Bing
author_facet Pui, Wan Bing
author_sort Pui, Wan Bing
title The impact of broker's recommendations in Kuala Lumpur stock exchange (KLSE)
title_short The impact of broker's recommendations in Kuala Lumpur stock exchange (KLSE)
title_full The impact of broker's recommendations in Kuala Lumpur stock exchange (KLSE)
title_fullStr The impact of broker's recommendations in Kuala Lumpur stock exchange (KLSE)
title_full_unstemmed The impact of broker's recommendations in Kuala Lumpur stock exchange (KLSE)
title_sort impact of broker's recommendations in kuala lumpur stock exchange (klse)
granting_institution Universiti Malaysia Sarawak (UNIMAS)
granting_department Faculty of Economics and Business
publishDate 2003
url http://ir.unimas.my/id/eprint/487/1/Pui%20Wan%20Bing%20ft.pdf
_version_ 1783727885957201920

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