The announcement effect of white collar crime on stock price by public listed companies in Malaysia

Since twentieth century, white collar crime has been present and become a widespread problem in the public. Nowadays, the growing of white collar crimes cases had pose much challenges toward enforcement agencies especially in developing countries such as Malaysia. Therefore, the share price event st...

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Main Author:	Tay, Liang Mui
Format:	Thesis
Language:	English
Published:	2014
Subjects:	HN Social history and conditions Social problems Social reform
Online Access:	http://ir.unimas.my/id/eprint/8315/1/Tay%20Liang%20Mui.pdf
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id	my-unimas-ir.8315
record_format	uketd_dc
spelling	my-unimas-ir.83152023-08-24T06:37:14Z The announcement effect of white collar crime on stock price by public listed companies in Malaysia 2014 Tay, Liang Mui HN Social history and conditions. Social problems. Social reform Since twentieth century, white collar crime has been present and become a widespread problem in the public. Nowadays, the growing of white collar crimes cases had pose much challenges toward enforcement agencies especially in developing countries such as Malaysia. Therefore, the share price event study is an important part of financial economics that can help researchers attempt to illustrate the impact of an event on firm’s stock returns. This study uses an event study methodology to examine the announcement effect of white collar crime towards the public listed firm on stock’s performance in Malaysia. The sample consists of 17 public announcements by 16 established public companies charged by Securities Commission for committing the white collar crime from the period of 1996 to 2013 in Malaysia. In this study, the daily basis of Average Abnormal Returns (AARs) and Cumulative Average Abnormal Returns (CAARs) with an event window of 90 days prior to and after the announcements has been determined. The finding indicates that an announcement of white collar crime has negative abnormal return on share price. As the result, the market does not reacting efficiently towards the information released regarding the incidence of white collar crime. Universiti Malaysia Sarawak, (UNIMAS) 2014 Thesis http://ir.unimas.my/id/eprint/8315/ http://ir.unimas.my/id/eprint/8315/1/Tay%20Liang%20Mui.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	HN Social history and conditions Social problems Social reform
spellingShingle	HN Social history and conditions Social problems Social reform Tay, Liang Mui The announcement effect of white collar crime on stock price by public listed companies in Malaysia
description	Since twentieth century, white collar crime has been present and become a widespread problem in the public. Nowadays, the growing of white collar crimes cases had pose much challenges toward enforcement agencies especially in developing countries such as Malaysia. Therefore, the share price event study is an important part of financial economics that can help researchers attempt to illustrate the impact of an event on firm’s stock returns. This study uses an event study methodology to examine the announcement effect of white collar crime towards the public listed firm on stock’s performance in Malaysia. The sample consists of 17 public announcements by 16 established public companies charged by Securities Commission for committing the white collar crime from the period of 1996 to 2013 in Malaysia. In this study, the daily basis of Average Abnormal Returns (AARs) and Cumulative Average Abnormal Returns (CAARs) with an event window of 90 days prior to and after the announcements has been determined. The finding indicates that an announcement of white collar crime has negative abnormal return on share price. As the result, the market does not reacting efficiently towards the information released regarding the incidence of white collar crime.
format	Thesis
qualification_level	Master's degree
author	Tay, Liang Mui
author_facet	Tay, Liang Mui
author_sort	Tay, Liang Mui
title	The announcement effect of white collar crime on stock price by public listed companies in Malaysia
title_short	The announcement effect of white collar crime on stock price by public listed companies in Malaysia
title_full	The announcement effect of white collar crime on stock price by public listed companies in Malaysia
title_fullStr	The announcement effect of white collar crime on stock price by public listed companies in Malaysia
title_full_unstemmed	The announcement effect of white collar crime on stock price by public listed companies in Malaysia
title_sort	announcement effect of white collar crime on stock price by public listed companies in malaysia
granting_institution	Universiti Malaysia Sarawak, (UNIMAS)
granting_department	Faculty of Economics and Business.
publishDate	2014
url	http://ir.unimas.my/id/eprint/8315/1/Tay%20Liang%20Mui.pdf
_version_	1783727983086796800

The announcement effect of white collar crime on stock price by public listed companies in Malaysia

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