Proceedings of the 6th International Conference on Tourism, Economics, Accounting, Management, and Social Science (TEAMS 2021)

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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.

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Volume Title
Proceedings of the 6th International Conference on Tourism, Economics, Accounting, Management, and Social Science (TEAMS 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
25 November 2021
ISBN
10.2991/aebmr.k.211124.066
ISSN
2352-5428
DOI
10.2991/aebmr.k.211124.066How to use a DOI?
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

risenwbib
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  -