Citation
Cheng, Fan Fah and Tan, Kim Foo and Cheng, Seow Voon
(2013)
Impact of the news of Economic Transformation Programe on various sectors in Malaysia stock market.
In: Eighth Malaysian National Economic Conference (PERKEM VIII), 7-9 June 2013, KSL Hotel & Resort, Johor Bahru, Johor, Malaysia. (pp. 1483-1491).
Abstract
The Economic Transformation Programme (ETP) is a comprehensive effort that will transform Malaysia into a high-income nation by 2020. This study investigates the impact of (ETP) on Malaysian capital market. The data that used in this study consists of daily returns in Kuala Lumpur Composite Index and various sector indexes. Event study method is used to analyze the effect during the announcement of various announcements of transformation news. The market model is used to analyze the effect of these ETP events. The results expected to show that the shocks provided by (ETP) are likely diversified away at the market level for Malaysian market, but the effect of these extreme (ETP) events is varying across these different market sectors in this market. This study suggests that the impacts of (ETP) on Malaysia indexes will be significant.
Download File
![[img]](http://psasir.upm.edu.my/48829/1.hassmallThumbnailVersion/Impact%20of%20the%20news%20of%20Economic%20Transformation%20Programe%20on%20various%20sectors%20in%20Malaysia%20stock%20market.pdf)  Preview |
|
PDF (Abstract)
Impact of the news of Economic Transformation Programe on various sectors in Malaysia stock market.pdf
Download (36kB)
| Preview
|
|
Additional Metadata
| Item Type: |
Conference or Workshop Item
(Paper)
|
| Divisions: |
Faculty of Economics and Management |
| Publisher: |
School of Economics, Faculty of Economics and Management, Universiti Kebangsaan Malaysia |
| Keywords: |
Economic Transformation Programme (ETP); Event study; Announcement effect; Information; Abnormal returns; Market model |
| Depositing User: |
Nabilah Mustapa
|
| Date Deposited: |
01 Nov 2016 03:51 |
| Last Modified: |
01 Nov 2016 03:51 |
| URI: |
http://psasir.upm.edu.my/id/eprint/48829 |
| Statistic Details: |
View Download Statistic |
Actions (login required)
 |
View Item |
