The Malaysian IPO Market: Volume, Initial Returns and Economic Conditions

Chong, Fennee and Puah, Chin Hong (2009) The Malaysian IPO Market: Volume, Initial Returns and Economic Conditions. International Review of Business Research Papers, 5 (5). pp. 182-192. ISSN 1837-5685

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Abstract

This paper analyses the time series behaviour of the IPO volume, initial returns and economic conditions of the Malaysian IPO market. The ARDL bounds testing approach was used to examine these variables. Empirical results showed that both initial returns and economic conditions have significant long-run relationships with IPO volume. Furthermore, these two variables are also found to Granger- cause the IPO volume in the short-run.

Item Type: E-Article
Uncontrolled Keywords: IPO volume, Initial returns, Economic conditions, ARDL, unimas, university, universiti, Borneo, Malaysia, Sarawak, Kuching, Samarahan, ipta, education, reseach, Universiti Malaysia Sarawak
Subjects: H Social Sciences > HB Economic Theory
Divisions: Academic Faculties, Institutes and Centres > Faculty of Economics and Business
Depositing User: ROSSAZANA AB RAHIM
Date Deposited: 20 Nov 2017 03:08
Last Modified: 20 Nov 2017 03:08
URI: http://ir.unimas.my/id/eprint/18670

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