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Ceo Turnover And Market Reaction In Indonesia, Doddy Setiawan, Lian Kee Phua, Hong Kok Chee
Ceo Turnover And Market Reaction In Indonesia, Doddy Setiawan, Lian Kee Phua, Hong Kok Chee
The Indonesian Capital Market Review
This research examines Chief Executive Officer (CEO) turnover and market reaction in Indonesia. The sample of this research consists of 213 CEO turnover announcements for Indonesia Stock Exchange during 2000–2010 period. T-tests were used to investigate the effect of CEO turnover announcement on abnormal stock return during the event windows periods. The results of this research show that there is positive reaction on the CEO turnover announcements. This research considers both routine and non routine CEO turnover processes. This research finds that both turnover processes have information content to investor. This research also finds positive reaction on the announcements of …
Influences Of Seasoned Equity Offerings On Stock Return Of Ho Chi Minh Market, Ho Viet Tien, Dinh Thi Thu Ha
Influences Of Seasoned Equity Offerings On Stock Return Of Ho Chi Minh Market, Ho Viet Tien, Dinh Thi Thu Ha
The Indonesian Capital Market Review
This paper investigated the impact of seasoned equity offerings (SEO) on stock return of listed companies in Ho Chi Minh City market using the method “event study” which has been basically formed by Campbell, Lo, and MacKinlay (1997). The sample includes 332 SEOs from 2007 to 2010. The main findings show evidence that the Ho Chi Minh City market was not efficient in terms of the semi-strong form because the price has increased significantly on the ex-right date, day 0. In an opposite way, the market also reacted significantly negatively from T-4 to T-2. There are some significant impacts of …