| dc.description.abstract | This paper examines the importance and influence of Trans-Pacific Partnership (TPP) agreement to Vietnam economic through observing stock exchange markets. TPP is the world largest free-trade agreement which consists of twelve nations, with an attempt to promoting economic growth and international integration. Beside the potential in approaching broader trading markets and enhancing productivity, this agreement also promises to create more innovation in technology and raising living standards for citizens. With a great opportunities bringing to Vietnam, this dissertation aims to measure the real reaction of investors to this announcement, then determining its impact on our economy. Yet, it will discuss further in three particular industries: Textile and apparel, Seafood, Pharmaceutical, since they are the most influenced industries by the arrival of TPP. In order to satisfy the purposes of the research, Event study methodology is used to evaluate the stock performance during 31-day event window period, including 10 days before and after the announcement. The sample to collect data is two portfolios, VN30 and HNX30, representing two well-known exchange markets in Vietnam. The same technique is applied for three industries to observe a profound view of TPP effect. The final conclusion is drawn from the result of Total Standardized Abnormal Return (TSAR) and Cumulative Total Standardized Abnormal, then checking significance by statistics p-value | en_US |
