Equity private placements: The Malaysian experience 1999 - 2007
This study offers evidence concerning the announcement effect of equity private placements by examining the stock market reaction to the announcements made by Malaysian firms for the period 1999 to 2007.This study is motivated by empirical findings that unlike public placements, private placements...
| Main Authors: | , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2010
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/9100/1/183.pdf |
| _version_ | 1803625764911841280 |
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| author | Nordin, Norhafiza Taufil Mohd, Kamarun Nisham |
| author_facet | Nordin, Norhafiza Taufil Mohd, Kamarun Nisham |
| author_sort | Nordin, Norhafiza |
| collection | UUM |
| description | This study offers evidence concerning the announcement effect of equity private placements by examining the stock
market reaction to the announcements made by Malaysian firms for the period 1999 to 2007.This study is motivated
by empirical findings that unlike public placements, private placements are associated with positive announcement
effect.Two prominent hypotheses used to explain the positive market responses are information and monitoring
hypotheses.However, inconsistent with previous studies, we
find zero announcement effect for Malaysian market.The result suggests that equity private placement in Malaysia does not convey positive signal as it does in other
countries. |
| first_indexed | 2024-07-04T05:39:28Z |
| format | Conference or Workshop Item |
| id | uum-9100 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:39:28Z |
| publishDate | 2010 |
| record_format | dspace |
| spelling | uum-91002016-04-25T08:34:00Z https://repo.uum.edu.my/id/eprint/9100/ Equity private placements: The Malaysian experience 1999 - 2007 Nordin, Norhafiza Taufil Mohd, Kamarun Nisham HG Finance This study offers evidence concerning the announcement effect of equity private placements by examining the stock market reaction to the announcements made by Malaysian firms for the period 1999 to 2007.This study is motivated by empirical findings that unlike public placements, private placements are associated with positive announcement effect.Two prominent hypotheses used to explain the positive market responses are information and monitoring hypotheses.However, inconsistent with previous studies, we find zero announcement effect for Malaysian market.The result suggests that equity private placement in Malaysia does not convey positive signal as it does in other countries. 2010 Conference or Workshop Item PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/9100/1/183.pdf Nordin, Norhafiza and Taufil Mohd, Kamarun Nisham (2010) Equity private placements: The Malaysian experience 1999 - 2007. In: International Conference on Business and Economic Research (ICBER 2010), 15-16 March 2010, Hilton Hotel, Kuching Sarawak. http://www.internationalconference.com.my/past/icber2010.htm |
| spellingShingle | HG Finance Nordin, Norhafiza Taufil Mohd, Kamarun Nisham Equity private placements: The Malaysian experience 1999 - 2007 |
| title | Equity private placements: The Malaysian experience 1999 - 2007 |
| title_full | Equity private placements: The Malaysian experience 1999 - 2007 |
| title_fullStr | Equity private placements: The Malaysian experience 1999 - 2007 |
| title_full_unstemmed | Equity private placements: The Malaysian experience 1999 - 2007 |
| title_short | Equity private placements: The Malaysian experience 1999 - 2007 |
| title_sort | equity private placements the malaysian experience 1999 2007 |
| topic | HG Finance |
| url | https://repo.uum.edu.my/id/eprint/9100/1/183.pdf |
| work_keys_str_mv | AT nordinnorhafiza equityprivateplacementsthemalaysianexperience19992007 AT taufilmohdkamarunnisham equityprivateplacementsthemalaysianexperience19992007 |