The Impact Of Accounting Earnings On Malaysian Stock Prices Some Empirical Evidence
| dc.contributor.author | Sian Hin, Au | |
| dc.date.accessioned | 2016-11-24T02:16:16Z | |
| dc.date.available | 2016-11-24T02:16:16Z | |
| dc.date.issued | 2000-05 | |
| dc.description.abstract | This study investigates the association between the magnitude of unexpected earnings changes and the abnormal stock returns, based on empirical evidence from the Malaysian stock market. Appropriate adjustments to mitigate possible effects of thin trading bias are carried out using Scholes-Williams three period leads / lags model. Grouping technique based on abnormal returns is used to diversify away the transitory component of accounting earnings, thereby altering the relationship between the magnitude of unexpected earnings and abnormal returns. The overall results show positive rank correlation between the magnitude of unexpected earnings changes and abnormal returns. The isolation of permanent component in earnings changes yields mixed results whereby the strength of association between the magnitude of unexpected earnings changes and abnormal returns improves when portfolios are formed by pooling the data ov~r the whole test. window. However no significant improvement on the strength of the ·association by the isolation of permanent earnings changes is observed when portfolios are formed on yearly basis. | en_US |
| dc.identifier.uri | http://hdl.handle.net/123456789/3186 | |
| dc.subject | Accounting Earnings | en_US |
| dc.subject | Malaysian Stock Prices | en_US |
| dc.title | The Impact Of Accounting Earnings On Malaysian Stock Prices Some Empirical Evidence | en_US |
| dc.type | Thesis | en_US |