Corporate Crime Announcement Effects On Stock Performance: An Empirical Study In Malaysia
An in-depth investigation of the effects of announcement of corporate crime on firm performance focusing on stock market performance among public enterprises in Malaysia has been conducted. A sample of 7 large, established public companies charged for committing corporate crime by Securities Commiss...
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| Format: | Article |
| Language: | English |
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SESRIC
2008
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| Online Access: | http://ir.unimas.my/id/eprint/17762/ http://ir.unimas.my/id/eprint/17762/1/CORPORATE%20CRIME%20ANNOUNCEMENT%20EFFECTS%20ON%20STOCK%20PERFORMANCE%20%28abstract%29.pdf |
| _version_ | 1848838362283114496 |
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| author | Voon, Sze-Ling Puah, Chin Hong Harry, Entebang |
| author_facet | Voon, Sze-Ling Puah, Chin Hong Harry, Entebang |
| author_sort | Voon, Sze-Ling |
| building | UNIMAS Institutional Repository |
| collection | Online Access |
| description | An in-depth investigation of the effects of announcement of corporate crime on firm performance focusing on stock market performance among public enterprises in Malaysia has been conducted. A sample of 7 large, established public companies charged for committing corporate crime by Securities Commission from the period of 1999 to 2005 in Malaysia were identified and examined. Using the event-study methodology proposed by Rao (1997), monthly average abnormal returns (AARs) and cumulative average abnormal returns (CAARs) for the sample of 8 announcements of separate crimes ranging from 12 months prior to and 6 months after the announcement dates are determined. Empirical result indicates that the stock market is informationally inefficient in Malaysia and investors do react to announcement of corporate crime. |
| first_indexed | 2025-11-15T06:54:21Z |
| format | Article |
| id | unimas-17762 |
| institution | Universiti Malaysia Sarawak |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T06:54:21Z |
| publishDate | 2008 |
| publisher | SESRIC |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | unimas-177622017-09-25T03:08:52Z http://ir.unimas.my/id/eprint/17762/ Corporate Crime Announcement Effects On Stock Performance: An Empirical Study In Malaysia Voon, Sze-Ling Puah, Chin Hong Harry, Entebang HD61 Risk Management An in-depth investigation of the effects of announcement of corporate crime on firm performance focusing on stock market performance among public enterprises in Malaysia has been conducted. A sample of 7 large, established public companies charged for committing corporate crime by Securities Commission from the period of 1999 to 2005 in Malaysia were identified and examined. Using the event-study methodology proposed by Rao (1997), monthly average abnormal returns (AARs) and cumulative average abnormal returns (CAARs) for the sample of 8 announcements of separate crimes ranging from 12 months prior to and 6 months after the announcement dates are determined. Empirical result indicates that the stock market is informationally inefficient in Malaysia and investors do react to announcement of corporate crime. SESRIC 2008 Article PeerReviewed text en http://ir.unimas.my/id/eprint/17762/1/CORPORATE%20CRIME%20ANNOUNCEMENT%20EFFECTS%20ON%20STOCK%20PERFORMANCE%20%28abstract%29.pdf Voon, Sze-Ling and Puah, Chin Hong and Harry, Entebang (2008) Corporate Crime Announcement Effects On Stock Performance: An Empirical Study In Malaysia. Journal of Economic Cooperation Among Islamic Countries, 29 (2). pp. 15-28. ISSN 1308-7800 https://www.researchgate.net/publication/228389854 |
| spellingShingle | HD61 Risk Management Voon, Sze-Ling Puah, Chin Hong Harry, Entebang Corporate Crime Announcement Effects On Stock Performance: An Empirical Study In Malaysia |
| title | Corporate Crime Announcement Effects On Stock Performance: An Empirical Study In Malaysia |
| title_full | Corporate Crime Announcement Effects On Stock Performance: An Empirical Study In Malaysia |
| title_fullStr | Corporate Crime Announcement Effects On Stock Performance: An Empirical Study In Malaysia |
| title_full_unstemmed | Corporate Crime Announcement Effects On Stock Performance: An Empirical Study In Malaysia |
| title_short | Corporate Crime Announcement Effects On Stock Performance: An Empirical Study In Malaysia |
| title_sort | corporate crime announcement effects on stock performance: an empirical study in malaysia |
| topic | HD61 Risk Management |
| url | http://ir.unimas.my/id/eprint/17762/ http://ir.unimas.my/id/eprint/17762/ http://ir.unimas.my/id/eprint/17762/1/CORPORATE%20CRIME%20ANNOUNCEMENT%20EFFECTS%20ON%20STOCK%20PERFORMANCE%20%28abstract%29.pdf |