Trade liberalization, free trade agreements, and the value of firms: Stock market evidence from Singapore

被引：6

作者：

Parinduri, Rasyad A. ^{[1
]}

Thangavelu, Shandre M. ^{[2
]}

机构：

[1] Univ Nottingham, Sch Business, Semenyih 43500, Malaysia

[2] Natl Univ Singapore, Dept Econ, Singapore 117570, Singapore

来源：

JOURNAL OF INTERNATIONAL TRADE & ECONOMIC DEVELOPMENT | 2013年 / 22卷 / 06期

关键词：

free trade agreements; event study analysis; Singapore; F13; F14; G14; INDUSTRY; EVENT; PRODUCTIVITY; CANADA;

D O I：

10.1080/09638199.2011.616934

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We examine the effects of the United States-Singapore Free Trade Agreement (FTA) on the value of firms listed in the Singapore Exchange using event study analysis. Despite the predictability of the FTA negotiations, we find that one event - the removal of the last obstacle to the free trade deal in January 2003 - increases the value of firms in some industries by 1-11% on average. These results indicate that trade liberalization and FTAs do increase the value of firms.

引用

页码：924 / 941

页数：18

共 50 条

[41] The environmental effect of trade liberalization: Evidence from China's manufacturing firms
Cui, Jingbo
Tam, On Kit
Wang, Bei
Zhang, Yan
WORLD ECONOMY, 2020, 43 (12): : 3357 - 3383
[42] WORKER TRAINING, FIRM PRODUCTIVITY, AND TRADE LIBERALIZATION: EVIDENCE FROM CHINESE FIRMS
Liu, Qing
Qiu, Larry
Yu, Miaojie
DEVELOPING ECONOMIES, 2017, 55 (03): : 189 - 209
[43] Trade Liberalization and Pollutant Emissions: Micro Evidence from Chinese Manufacturing Firms
Zhang, Yiming
Ye, Zuoliang
Gan, Kaijun
SUSTAINABILITY, 2024, 16 (16)
[44] Trade liberalization and labor's slice of the pie: Evidence from Indian firms
Ahsan, Reshad N.
Mitra, Devashish
JOURNAL OF DEVELOPMENT ECONOMICS, 2014, 108 : 1 - 16
[45] Trade liberalization and Firms' export performance in China: Theory and evidence
Fan, Haichao
Lai, Edwin L. -C.
Qi, Han
JOURNAL OF COMPARATIVE ECONOMICS, 2019, 47 (03) : 640 - 668
[46] Singapore and ASEAN in the global economy - The case of free trade agreements
Daquila, TC
Huy, L
ASIAN SURVEY, 2003, 43 (06) : 908 - 928
[47] Vertical trade and free trade agreements
Kawabata, Yasushi
Yanase, Akihiko
Kurata, Hiroshi
JOURNAL OF THE JAPANESE AND INTERNATIONAL ECONOMIES, 2010, 24 (04) : 569 - 585
[48] The impact of US-China trade war on Chinese firms: Evidence from stock market reactions
Wang, Xiaoquan
Wang, Xinyue
Zhong, Zheng
Yao, Junnan
APPLIED ECONOMICS LETTERS, 2021, 28 (07) : 579 - 583
[49] Labor market developments, trade, and trade agreements
Krueger, AB
INCOMES AND PRODUCTIVITY IN NORTH AMERICA: PAPERS FROM THE 1997 SEMINAR, 1997, : 111 - 131
[50] Trade liberalization and the labour market
Lemieux, Thomas
SOCIAL AND LABOUR MARKET ASPECTS OF NORTH AMERICAN LINKAGES, 2005, : 119 - 150

← 1 2 3 4 5 →