A study on IPO underpricing of the listed companies in Bursa Malaysia / Sunim Komoi
This study determines the IPO Underpricing of the listed companies in Bursa Malaysia. It is based on the asymmetric information theory which the investment bank finds that the IPO is underpriced when it is less costly to market whereby the model is used by the issuers by leave the pricing decision t...
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| Format: | Thesis |
| Language: | English |
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2016
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| Online Access: | https://ir.uitm.edu.my/id/eprint/100900/1/100900.pdf |
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my-uitm-ir.1009002024-09-10T03:05:09Z A study on IPO underpricing of the listed companies in Bursa Malaysia / Sunim Komoi 2016 Komoi, Sunim Pricing This study determines the IPO Underpricing of the listed companies in Bursa Malaysia. It is based on the asymmetric information theory which the investment bank finds that the IPO is underpriced when it is less costly to market whereby the model is used by the issuers by leave the pricing decision to the underwriter (Baron, 1982). The reason about the IPO underpricing comes from the behavioural finance. This paper will determine whether IPO Underpricing has relationship between IPO Size and Market volatility. A sample of 30 companies listed in Bursa Malaysia is taken from the period of January 2009 to December 2014. Fixed Effects and Random Effects have been applied on panel data to determine the relationship between IPO Size and market volatility. It founds that IPO Underpricing has significant relationship between IPO Size. 2016 Thesis https://ir.uitm.edu.my/id/eprint/100900/ https://ir.uitm.edu.my/id/eprint/100900/1/100900.pdf text en public degree Universiti Teknologi MARA, Sabah Faculty of Business and Management |
| institution |
Universiti Teknologi MARA |
| collection |
UiTM Institutional Repository |
| language |
English |
| topic |
Pricing |
| spellingShingle |
Pricing Komoi, Sunim A study on IPO underpricing of the listed companies in Bursa Malaysia / Sunim Komoi |
| description |
This study determines the IPO Underpricing of the listed companies in Bursa Malaysia. It is based on the asymmetric information theory which the investment bank finds that the IPO is underpriced when it is less costly to market whereby the model is used by the issuers by leave the pricing decision to the underwriter (Baron, 1982). The reason about the IPO underpricing comes from the behavioural finance. This paper will determine whether IPO Underpricing has relationship between IPO Size and Market volatility. A sample of 30 companies listed in Bursa Malaysia is taken from the period of January 2009 to December 2014. Fixed Effects and Random Effects have been applied on panel data to determine the relationship between IPO Size and market volatility. It founds that IPO Underpricing has significant relationship between IPO Size. |
| format |
Thesis |
| qualification_level |
Bachelor degree |
| author |
Komoi, Sunim |
| author_facet |
Komoi, Sunim |
| author_sort |
Komoi, Sunim |
| title |
A study on IPO underpricing of the listed companies in Bursa Malaysia / Sunim Komoi |
| title_short |
A study on IPO underpricing of the listed companies in Bursa Malaysia / Sunim Komoi |
| title_full |
A study on IPO underpricing of the listed companies in Bursa Malaysia / Sunim Komoi |
| title_fullStr |
A study on IPO underpricing of the listed companies in Bursa Malaysia / Sunim Komoi |
| title_full_unstemmed |
A study on IPO underpricing of the listed companies in Bursa Malaysia / Sunim Komoi |
| title_sort |
study on ipo underpricing of the listed companies in bursa malaysia / sunim komoi |
| granting_institution |
Universiti Teknologi MARA, Sabah |
| granting_department |
Faculty of Business and Management |
| publishDate |
2016 |
| url |
https://ir.uitm.edu.my/id/eprint/100900/1/100900.pdf |
| _version_ |
1811769107370999808 |