Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/46131
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dc.titleEvent study of successful land tenders: Singapore's evidence from 2003 to 2010
dc.contributor.authorChin, L.
dc.contributor.authorSoon, Y.K.
dc.date.accessioned2013-10-14T05:08:39Z
dc.date.available2013-10-14T05:08:39Z
dc.date.issued2011
dc.identifier.citationChin, L.,Soon, Y.K. (2011). Event study of successful land tenders: Singapore's evidence from 2003 to 2010. Pacific Rim Property Research Journal 17 (4) : 584-597. ScholarBank@NUS Repository.
dc.identifier.issn14445921
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/46131
dc.description.abstractThis paper adopts the event study methodology in examining the market reaction of the stock price of the winning tenderer from the announcement of the tender win. The companies studied are those listed in the Singapore Stock Exchange (SGX) during the period between 2003 and 2010. The findings from the study show that land tender win announcements resulted in positive abnormal return for the winning companies' stock prices. The underlying factors which are responsible for the positive abnormal return are the level of experience of the winning tenderer, level of uncertainty of the development, number of participating bidders and the type of land zoning for the site. On the other hand, a negative relationship is observed between the bid margin and the abnormal return. The higher the margin, the lower the return will be.
dc.sourceScopus
dc.subjectAbnormal returns
dc.subjectEvent study
dc.subjectGovernment land sales
dc.subjectStock price
dc.subjectTender
dc.typeArticle
dc.contributor.departmentREAL ESTATE
dc.description.sourcetitlePacific Rim Property Research Journal
dc.description.volume17
dc.description.issue4
dc.description.page584-597
dc.identifier.isiutNOT_IN_WOS
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