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

Chong, Chuan Wei (2013) Long run impact of share buyback initiation toward the share price of firms listed in Kuala Lumpur stock exchange. Masters thesis, Universiti Malaysia Sarawak, (UNIMAS).

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Abstract

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.

Item Type: Thesis (Masters)
Additional Information: Thesis (M.Sc.) -- Universiti Malaysia Sarawak, 2013.
Uncontrolled Keywords: Share Buyback, BHR, BHAR, Book-to-Market,Market Value, unimas, university, universiti, Borneo, Malaysia, Sarawak, Kuching, Samarahan, ipta, education, Postgraduate, research, Universiti Malaysia Sarawak
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HC Economic History and Conditions
H Social Sciences > HG Finance
Divisions: Academic Faculties, Institutes and Centres > Faculty of Economics and Business
Depositing User: Karen Kornalius
Date Deposited: 04 Nov 2015 02:36
Last Modified: 04 Nov 2015 02:36
URI: http://ir.unimas.my/id/eprint/9334

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