Quarterly earnings announcement effects on Malaysia stock market returns / Dg Fatin Md Karim

Md Karim, Dg Fatin (2016) Quarterly earnings announcement effects on Malaysia stock market returns / Dg Fatin Md Karim. [Student Project] (Unpublished)

Abstract

The Efficient Market Hypothesis theory (EMH) states that an investor cannot beat the market based on any set information, whether it is historical, public information or private information. The investors' expectation on the extent of excess return that they would make from the trading in the stock market is based on several factors and one of them is the quarterly earnings announcement. The primary aim of this research study is to investigate the effects of quarterly earnings announcement on Malaysia stock market returns of the different companies constituting in Kuala Lumpur Composite Index (KLCI). Event study methodology using daily returns and market model was been applied for the purpose of analyzing the quarterly earnings announcement effects on the security prices of the firms. This study used a 41 day event window, 20 days (-1 to -20) before the announcement and 20 days (1 to 20) after the announcement and 0th day the announcement day. The data comprised of five companies which had announced their quarterly result of September 2014. Another finding from the previous study stated that there was no statistically significant effect on stock returns. The data was analysed using SPSS 8 and EVIEWS software to prove the general hypothesis.

Metadata

Item Type: Student Project
Creators:
Creators
Email / ID Num.
Md Karim, Dg Fatin
2013192135
Contributors:
Contribution
Name
Email / ID Num.
Advisor
Bujang, Imbarine
imbar074@uitm.edu.my
Subjects: H Social Sciences > HG Finance > Malaysia
H Social Sciences > HG Finance > Financial management. Business finance. Corporation finance > Communication of information
H Social Sciences > HG Finance > Financial management. Business finance. Corporation finance > Earnings management
Divisions: Universiti Teknologi MARA, Sabah > Kota Kinabalu Campus > Faculty of Business and Management
Programme: Bachelor of Business Administration (Hons) Finance
Keywords: Stock market returns; Earnings announcement; Effects
Date: 2016
URI: https://ir.uitm.edu.my/id/eprint/73025
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