Does growth opportunity matter in explaining the over-subscription phenomena of Malaysian IPO?
The over-subscription ratio of IPO prior to listing is an anomaly in countries that employed fixed price mechanism.According to the signaling theory argument, IPOs of good quality attract subscription from investors.An analysis was made to observe whether IPOs with growth opportunity (good quality)...
| Main Authors: | , , |
|---|---|
| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
Elsevier Ltd.
2016
|
| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/18574/1/Procedia%20-%20SBS%20219%20%202016%20%20748%20%E2%80%93%20754.pdf |