Add to ORKGRecent theories of initial public offering (IPO) underpricing depart from the traditional asymmetric information models. Two recent IPO underpricing models are Habib and Ljungqvist (2001) and Brav and Gompers (2003). The Malaysian IPO market, characterised by high incidence of secondary offerings and IPO lockup commitments, provides a fertile ground to test the newer theories of IPO underpricing. Examining IPOs between August 1996 and June 2000 in Bursa Malaysia, the evidence lends support to the theoretical predictions that IPO underpricing is negatively related to owners' participation ratio and positively associated with the fraction of directors' shares which is subject to liquidity restrictions
Purpose– Underpricing is one of the most important anomalies associated with initial public offering...
This study is to determine the level of IPO underpricing and examines the impacts of macroeconomic v...
This paper focuses on the time series properties of the level of underpricing of IPO shares and volu...
Recent theories of initial public offering (IPO undelpricing depart from the traditional asymmetric ...
Recent theories of initial public offering (IPO) underpricing depart from the traditional asymmetric...
This paper examines the current status of research regarding under-pricing in the Malaysian IPOs. We...
Using the initial returns (offer-to-close and offer-to-open), we investigate the influence of winne...
Initial Public Offerings (IPOs) are largely underpriced in short term. This underpricing phenomenon ...
Previous studies have documented that initial public offerings (IPOs) are typically underpriced. Thi...
The underpricing of initial public offerings (IPOs) are anomalies well documented by numerous empiri...
Malaysian IPOs are, on average, substantially underpriced compared to underpricing in other emergin...
This paper examines the current status of research regarding under-pricing in the Malaysian IPOs. We...
By using 70 initial public offerings (IPOs) in the period 1992 to 1998, it is found that company siz...
By using 70 initial public offerings (IPOs) in the period 1992 to 1998, it is found that company siz...
A lock-up agreement ensures that major shareholders retain significant economic interest in the comp...
Purpose– Underpricing is one of the most important anomalies associated with initial public offering...
This study is to determine the level of IPO underpricing and examines the impacts of macroeconomic v...
This paper focuses on the time series properties of the level of underpricing of IPO shares and volu...
Recent theories of initial public offering (IPO undelpricing depart from the traditional asymmetric ...
Recent theories of initial public offering (IPO) underpricing depart from the traditional asymmetric...
This paper examines the current status of research regarding under-pricing in the Malaysian IPOs. We...
Using the initial returns (offer-to-close and offer-to-open), we investigate the influence of winne...
Initial Public Offerings (IPOs) are largely underpriced in short term. This underpricing phenomenon ...
Previous studies have documented that initial public offerings (IPOs) are typically underpriced. Thi...
The underpricing of initial public offerings (IPOs) are anomalies well documented by numerous empiri...
Malaysian IPOs are, on average, substantially underpriced compared to underpricing in other emergin...
This paper examines the current status of research regarding under-pricing in the Malaysian IPOs. We...
By using 70 initial public offerings (IPOs) in the period 1992 to 1998, it is found that company siz...
By using 70 initial public offerings (IPOs) in the period 1992 to 1998, it is found that company siz...
A lock-up agreement ensures that major shareholders retain significant economic interest in the comp...
Purpose– Underpricing is one of the most important anomalies associated with initial public offering...
This study is to determine the level of IPO underpricing and examines the impacts of macroeconomic v...
This paper focuses on the time series properties of the level of underpricing of IPO shares and volu...