Explaining IPO Initial Returns in Malaysia: Ex-ante Uncertainty vs Signalling
The purpose of this paper is to investigate whether proxies considered under ex ante uncertainty hold true under a fixed price mechanism structure. In particular, the study examines whether pre-initial public offering (IPO) financial performance, measured by Altman Z-score, can serve as a proxy for...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Sprog: | English |
| Udgivet: |
Emerald Group Publishing
2018
|
| Fag: | |
| Online adgang: | https://repo.uum.edu.my/id/eprint/31064/1/ARA%2026%2001%202018%2002-18.pdf https://doi.org/10.1108/ARA-11-2016-0133 |