Investor Responses Towards Corporate Action
An Evidence from the Healthcare Sector
Authors
Juniarti Juniarti1, *, Alicia Putri Kharisma Candra Dewi1, Catherine Catherine1
1Department of Business Accounting, Petra Christian University, Surabaya, Indonesia
*Corresponding author. Email: yunie@petra.ac.id
Corresponding Author
Juniarti Juniarti
Available Online 25 November 2021.
- DOI
- 10.2991/aebmr.k.211124.066How to use a DOI?
- Keywords
- Corporate action; Investor responses; Healthcare; Merger and acquisition
- Abstract
This research aims to analyze the investor responses to corporate action in the form of Mergers and Acquisitions (M&A) in the Healthcare sector in Southeast Asia. The sample data of this study is 80 companies from the Healthcare sector in South East Asia (ASEAN) and is listed on the stock exchanges of each regional country in 2017-2020. The measurement of the investor’s responses use CAR in eleven, five and three days event window. The main finding of this research is that investors respond positively in the short term period.
- Copyright
- © 2021 The Authors. Published by Atlantis Press International B.V.
- Open Access
- This is an open access article under the CC BY-NC license.
Cite this article
TY - CONF AU - Juniarti Juniarti AU - Alicia Putri Kharisma Candra Dewi AU - Catherine Catherine PY - 2021 DA - 2021/11/25 TI - Investor Responses Towards Corporate Action BT - Proceedings of the 6th International Conference on Tourism, Economics, Accounting, Management, and Social Science (TEAMS 2021) PB - Atlantis Press SP - 467 EP - 476 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.211124.066 DO - 10.2991/aebmr.k.211124.066 ID - Juniarti2021 ER -