Long run impact of share buyback initiation toward the share price of firms listed in Kuala Lumpur stock exchange.

This paper is attempted to investigate and evaluate the long run impact of share buyback initiation toward the share price of firms in Kuala Lumpur Stock Exchange. This research involves firms that initiated share buyback from the year of 1999 until 2008 in Kuala Lumpur Stock Exchange.The share pri...

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Main Author:	Chong, Chuan Wei
Format:	Thesis
Language:	English
Published:	2013
Subjects:	H Social Sciences (General) HC Economic History and Conditions HG Finance
Online Access:	http://ir.unimas.my/id/eprint/9334/1/Chong%20Chuan%20Wei%20ft.pdf
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id	my-unimas-ir.9334
record_format	uketd_dc
spelling	my-unimas-ir.93342023-05-05T06:48:26Z Long run impact of share buyback initiation toward the share price of firms listed in Kuala Lumpur stock exchange. 2013 Chong, Chuan Wei H Social Sciences (General) HC Economic History and Conditions HG Finance This paper is attempted to investigate and evaluate the long run impact of share buyback initiation toward the share price of firms in Kuala Lumpur Stock Exchange. This research involves firms that initiated share buyback from the year of 1999 until 2008 in Kuala Lumpur Stock Exchange.The share price is recorded every month for three years after the first share buyback is carried out. The recorded share price will later be calculated with formula of Buy-and-Hold, BHR and Buy-and-Hold Abnormal Return, BHAR by using Kuala Lumpur Composite Index as the benchmark. T -statistic value is computed manually to show the existence of BHAR value. The t-statistic value computed showed that BHAR value is not equal to zero. After that, BHAR value is regressed with book-to-market ratio and market value of the firm. After carry out the regression, the conclusion found that both Book-to-Market and Market Value show relationship with share price. Universiti Malaysia Sarawak, (UNIMAS) 2013 Thesis http://ir.unimas.my/id/eprint/9334/ http://ir.unimas.my/id/eprint/9334/1/Chong%20Chuan%20Wei%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	H Social Sciences (General) HC Economic History and Conditions HG Finance
spellingShingle	H Social Sciences (General) HC Economic History and Conditions HG Finance Chong, Chuan Wei Long run impact of share buyback initiation toward the share price of firms listed in Kuala Lumpur stock exchange.
description	This paper is attempted to investigate and evaluate the long run impact of share buyback initiation toward the share price of firms in Kuala Lumpur Stock Exchange. This research involves firms that initiated share buyback from the year of 1999 until 2008 in Kuala Lumpur Stock Exchange.The share price is recorded every month for three years after the first share buyback is carried out. The recorded share price will later be calculated with formula of Buy-and-Hold, BHR and Buy-and-Hold Abnormal Return, BHAR by using Kuala Lumpur Composite Index as the benchmark. T -statistic value is computed manually to show the existence of BHAR value. The t-statistic value computed showed that BHAR value is not equal to zero. After that, BHAR value is regressed with book-to-market ratio and market value of the firm. After carry out the regression, the conclusion found that both Book-to-Market and Market Value show relationship with share price.
format	Thesis
qualification_level	Master's degree
author	Chong, Chuan Wei
author_facet	Chong, Chuan Wei
author_sort	Chong, Chuan Wei
title	Long run impact of share buyback initiation toward the share price of firms listed in Kuala Lumpur stock exchange.
title_short	Long run impact of share buyback initiation toward the share price of firms listed in Kuala Lumpur stock exchange.
title_full	Long run impact of share buyback initiation toward the share price of firms listed in Kuala Lumpur stock exchange.
title_fullStr	Long run impact of share buyback initiation toward the share price of firms listed in Kuala Lumpur stock exchange.
title_full_unstemmed	Long run impact of share buyback initiation toward the share price of firms listed in Kuala Lumpur stock exchange.
title_sort	long run impact of share buyback initiation toward the share price of firms listed in kuala lumpur stock exchange.
granting_institution	Universiti Malaysia Sarawak, (UNIMAS)
granting_department	Faculty of Economics and Business
publishDate	2013
url	http://ir.unimas.my/id/eprint/9334/1/Chong%20Chuan%20Wei%20ft.pdf
_version_	1783728049616846848

Long run impact of share buyback initiation toward the share price of firms listed in Kuala Lumpur stock exchange.

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