An empirical examination of over-subscription in the Malaysian IPO market
This paper examines the effects of the involvement of informed investors and the presence of information asymmetry in fixed price mechanism on over-subscription ratio in the Malaysian initial public offerings (IPO).Analyzing the data on 373 IPOs listed on Bursa Malaysia from 2000 to 2012, we find an...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universiti Putra Malaysia
2015
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/17631/1/IJEM%20%209%20S%20%2081-102.pdf |