Performance of new issues: The Malaysian case
This paper examines the performance of new issues in Malaysia. Two aspects of performance were examined. Firstly whether there are any underpricing n Ihe prlcmg of new issues and secondly whether the market is efficient in pricing these shares. The result of this study showed an existence of underp...
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| Format: | Article |
| Language: | English |
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Penerbit Universiti Kebangsaan Malaysia
1989
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| Online Access: | http://journalarticle.ukm.my/7925/1/747-1425-1-SM.pdf |
| _version_ | 1825726143589777408 |
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| author | Saiful Bahri Sufar, |
| author_facet | Saiful Bahri Sufar, |
| author_sort | Saiful Bahri Sufar, |
| collection | UKM |
| description | This paper examines the performance of new issues in Malaysia. Two aspects of performance were examined. Firstly whether there are any underpricing n Ihe prlcmg of new issues and secondly whether the market is efficient in
pricing these shares. The result of this study showed an existence of underpricing as hIgh as 400% and as low as 13%. However, the MalaysIan stock arket is efficient in the pricing of these new Issues. Price of these shares do
nol expenence sinificant differences from the initial pircing in the opening wllhm one year after listmg. |
| first_indexed | 2024-03-06T04:06:23Z |
| format | Article |
| id | ukm.eprints-7925 |
| institution | Universiti Kebangsaan Malaysia |
| language | English |
| last_indexed | 2024-03-06T04:06:23Z |
| publishDate | 1989 |
| publisher | Penerbit Universiti Kebangsaan Malaysia |
| record_format | dspace |
| spelling | ukm.eprints-79252016-12-14T06:45:40Z http://journalarticle.ukm.my/7925/ Performance of new issues: The Malaysian case Saiful Bahri Sufar, This paper examines the performance of new issues in Malaysia. Two aspects of performance were examined. Firstly whether there are any underpricing n Ihe prlcmg of new issues and secondly whether the market is efficient in pricing these shares. The result of this study showed an existence of underpricing as hIgh as 400% and as low as 13%. However, the MalaysIan stock arket is efficient in the pricing of these new Issues. Price of these shares do nol expenence sinificant differences from the initial pircing in the opening wllhm one year after listmg. Penerbit Universiti Kebangsaan Malaysia 1989 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/7925/1/747-1425-1-SM.pdf Saiful Bahri Sufar, (1989) Performance of new issues: The Malaysian case. Jurnal Pengurusan, 8 . pp. 17-27. ISSN 0127-2713 http://ejournals.ukm.my/pengurusan/issue/view/198 |
| spellingShingle | Saiful Bahri Sufar, Performance of new issues: The Malaysian case |
| title | Performance of new issues: The Malaysian case |
| title_full | Performance of new issues: The Malaysian case |
| title_fullStr | Performance of new issues: The Malaysian case |
| title_full_unstemmed | Performance of new issues: The Malaysian case |
| title_short | Performance of new issues: The Malaysian case |
| title_sort | performance of new issues the malaysian case |
| url | http://journalarticle.ukm.my/7925/1/747-1425-1-SM.pdf |
| work_keys_str_mv | AT saifulbahrisufar performanceofnewissuesthemalaysiancase |