Heterogeneity of opinion, shareholder retention ratio and lockup period: Malaysian evidence
This paper examines the effects of the lock-up period and shareholder retention ratio on the heterogeneity of investors beliefs regarding the true value of IPOs in the Malaysian IPO market. The relationship between the signalling variables and the first-day price range of IPOs is examined using a qu...
| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Fakulti Ekonomi dan Pengurusan, Universiti Putra Malaysia
2019
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| Online Access: | http://psasir.upm.edu.my/id/eprint/80059/1/17%29%20Heterogeneity%20of%20opinion.pdf |