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Does The Market React To The Implementation Announcements Of The Malaysian Capital Market Masterplan Initiatives?
Published 2006“…An exploratory mini survey was also carried out on the corporate finance practitioners to identify the possible justifications of the findings.The findings based on Riley Model showed that the market, regardless whether it represented active, large or small capitalisation companies, did not react significantly to the announcements of the implementation of CMP initiatives at 0.05 level. …”
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