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: | , |
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| Format: | Article |
| Language: | English |
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Emerald Group Publishing
2018
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| Subjects: | |
| Online Access: | 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 |