The performance of initial public offering (IPO) in Malaysia
(fhe objective of this research paper is to evaluate the performance of Initial Public offering in Malaysia during year 2006 until 2009. It is investigate the determinants of the short and long run ofIPOs performance. This study produces information about the degree of underpricing and long run r...
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2010
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| Online Access: | http://ir.unimas.my/id/eprint/9044/1/Julia.pdf |
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my-unimas-ir.90442023-05-24T07:19:17Z The performance of initial public offering (IPO) in Malaysia 2010 Julia, binti Joni HB Economic Theory (fhe objective of this research paper is to evaluate the performance of Initial Public offering in Malaysia during year 2006 until 2009. It is investigate the determinants of the short and long run ofIPOs performance. This study produces information about the degree of underpricing and long run return of IPOs up to I-year, 2-years and 3 -years and their determinants which are variable to investors in designing their security selection processes The evidence indicates that, on average, the IPOs are underpriced. On the other hands, the IPOs show a pattern of underperformance (negative return) in the long run up to three years. However, the statistical evidence showed that in the long run the IPOs are neither under nor overpriced. Through statistical analysis of the dependency of several independent variables, it is found that only Offer to Open, Offer Size, Age of the firm and Lead Underwriter are significant influence the initial return for one year buy and hold abnormal return model. Universiti Malaysia Sarawak, (UNIMAS) 2010 Thesis http://ir.unimas.my/id/eprint/9044/ http://ir.unimas.my/id/eprint/9044/1/Julia.pdf text en validuser masters Universiti Malaysia Sarawak, (UNIMAS) Faculty of Economics and Business |
| institution |
Universiti Malaysia Sarawak |
| collection |
UNIMAS Institutional Repository |
| language |
English |
| topic |
HB Economic Theory |
| spellingShingle |
HB Economic Theory Julia, binti Joni The performance of initial public offering (IPO) in Malaysia |
| description |
(fhe objective of this research paper is to evaluate the performance of Initial Public offering in
Malaysia during year 2006 until 2009. It is investigate the determinants of the short and long run
ofIPOs performance. This study produces information about the degree of underpricing and long
run return of IPOs up to I-year, 2-years and 3 -years and their determinants which are variable to
investors in designing their security selection processes The evidence indicates that, on average,
the IPOs are underpriced. On the other hands, the IPOs show a pattern of underperformance
(negative return) in the long run up to three years. However, the statistical evidence showed that
in the long run the IPOs are neither under nor overpriced. Through statistical analysis of the
dependency of several independent variables, it is found that only Offer to Open, Offer Size, Age
of the firm and Lead Underwriter are significant influence the initial return for one year buy and
hold abnormal return model. |
| format |
Thesis |
| qualification_level |
Master's degree |
| author |
Julia, binti Joni |
| author_facet |
Julia, binti Joni |
| author_sort |
Julia, binti Joni |
| title |
The performance of initial public offering (IPO) in Malaysia |
| title_short |
The performance of initial public offering (IPO) in Malaysia |
| title_full |
The performance of initial public offering (IPO) in Malaysia |
| title_fullStr |
The performance of initial public offering (IPO) in Malaysia |
| title_full_unstemmed |
The performance of initial public offering (IPO) in Malaysia |
| title_sort |
performance of initial public offering (ipo) in malaysia |
| granting_institution |
Universiti Malaysia Sarawak, (UNIMAS) |
| granting_department |
Faculty of Economics and Business |
| publishDate |
2010 |
| url |
http://ir.unimas.my/id/eprint/9044/1/Julia.pdf |
| _version_ |
1783728005139398656 |