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The Post-Issue Performance of Rights Issues in Malaysia

This study focuses on the performance of rights issues in Malaysia from December 1999 to 2008. This study finds that after the announcement of rights issues, positive abnormal returns are observed using both CAR and BHAR approaches. However, the results are not significant. This finding is contradic...

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Main Author: Noraini, Azlan
Format: Thesis
Language:English
English
Published: 2009
Subjects:
HG Finance
Online Access:http://etd.uum.edu.my/1633/1/Noraini_Binti_Azlan.pdf
http://etd.uum.edu.my/1633/2/1.Noraini_Binti_Azlan.pdf
http://etd.uum.edu.my/1633/
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id my.uum.etd.1633
record_format eprints
spelling my.uum.etd.16332013-07-24T12:12:36Z http://etd.uum.edu.my/1633/ The Post-Issue Performance of Rights Issues in Malaysia Noraini, Azlan HG Finance This study focuses on the performance of rights issues in Malaysia from December 1999 to 2008. This study finds that after the announcement of rights issues, positive abnormal returns are observed using both CAR and BHAR approaches. However, the results are not significant. This finding is contradictory from findings in US and UK where underperformance is observed after rights issues. This study also demonstrates that the companies prefer to issues rights when the share price is increasing. 2009 Thesis NonPeerReviewed application/pdf en http://etd.uum.edu.my/1633/1/Noraini_Binti_Azlan.pdf application/pdf en http://etd.uum.edu.my/1633/2/1.Noraini_Binti_Azlan.pdf Noraini, Azlan (2009) The Post-Issue Performance of Rights Issues in Malaysia. Masters thesis, Universiti Utara Malaysia.
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Electronic Theses
url_provider http://etd.uum.edu.my/
language English
English
topic HG Finance
spellingShingle HG Finance
Noraini, Azlan
The Post-Issue Performance of Rights Issues in Malaysia
description This study focuses on the performance of rights issues in Malaysia from December 1999 to 2008. This study finds that after the announcement of rights issues, positive abnormal returns are observed using both CAR and BHAR approaches. However, the results are not significant. This finding is contradictory from findings in US and UK where underperformance is observed after rights issues. This study also demonstrates that the companies prefer to issues rights when the share price is increasing.
format Thesis
author Noraini, Azlan
author_facet Noraini, Azlan
author_sort Noraini, Azlan
title The Post-Issue Performance of Rights Issues in Malaysia
title_short The Post-Issue Performance of Rights Issues in Malaysia
title_full The Post-Issue Performance of Rights Issues in Malaysia
title_fullStr The Post-Issue Performance of Rights Issues in Malaysia
title_full_unstemmed The Post-Issue Performance of Rights Issues in Malaysia
title_sort post-issue performance of rights issues in malaysia
publishDate 2009
url http://etd.uum.edu.my/1633/1/Noraini_Binti_Azlan.pdf
http://etd.uum.edu.my/1633/2/1.Noraini_Binti_Azlan.pdf
http://etd.uum.edu.my/1633/
_version_ 1644276487266762752
score 13.211869

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