Behaviour and performance of new issues in Malaysia
This study looks at the behaviour and performance of new issues in Malaysia from 1983 to 1988. The results show that the average return, based on the difference between the first day closing price and the offer price , is approximately 167 percent. It is also found that the new issues are overwhelmi...
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| Format: | Article |
| Language: | en |
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Penerbit Universiti Kebangsaan Malaysia
1992
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| Online Access: | http://journalarticle.ukm.my/7949/1/1613-3045-1-SM.pdf http://journalarticle.ukm.my/7949/ http://ejournals.ukm.my/pengurusan/issue/view/ |
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| _version_ | 1831356318888230912 |
|---|---|
| author | Othman Yong, |
| author_facet | Othman Yong, |
| author_sort | Othman Yong, |
| building | Tun Sri Lanang Library |
| collection | Institutional Repository |
| content_provider | Universiti Kebangsaan Malaysia |
| content_source | UKM Journal Article Repository |
| continent | Asia |
| country | Malaysia |
| description | This study looks at the behaviour and performance of new issues in Malaysia from 1983 to 1988. The results show that the average return, based on the difference between the first day closing price and the offer price , is approximately 167 percent. It is also found that the new issues are overwhelmingly oversubscribed. The returns after the first day and up to one year normally decline, eventhough they are not significantly different from the returns received on the first day of trading. Furthermore, the performance of new issues is quite independent of the ups and downs of the market. |
| format | Article |
| id | my-ukm.journal-7949 |
| institution | Universiti Kebangsaan Malaysia |
| language | en |
| publishDate | 1992 |
| publisher | Penerbit Universiti Kebangsaan Malaysia |
| record_format | eprints |
| spelling | my-ukm.journal-79492016-12-14T06:45:44Z http://journalarticle.ukm.my/7949/ Behaviour and performance of new issues in Malaysia Othman Yong, This study looks at the behaviour and performance of new issues in Malaysia from 1983 to 1988. The results show that the average return, based on the difference between the first day closing price and the offer price , is approximately 167 percent. It is also found that the new issues are overwhelmingly oversubscribed. The returns after the first day and up to one year normally decline, eventhough they are not significantly different from the returns received on the first day of trading. Furthermore, the performance of new issues is quite independent of the ups and downs of the market. Penerbit Universiti Kebangsaan Malaysia 1992 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/7949/1/1613-3045-1-SM.pdf Othman Yong, (1992) Behaviour and performance of new issues in Malaysia. Jurnal Pengurusan, 11 . pp. 53-61. ISSN 0127-2713 http://ejournals.ukm.my/pengurusan/issue/view/ |
| spellingShingle | Othman Yong, Behaviour and performance of new issues in Malaysia |
| title | Behaviour and performance of new issues in Malaysia |
| title_full | Behaviour and performance of new issues in Malaysia |
| title_fullStr | Behaviour and performance of new issues in Malaysia |
| title_full_unstemmed | Behaviour and performance of new issues in Malaysia |
| title_short | Behaviour and performance of new issues in Malaysia |
| title_sort | behaviour and performance of new issues in malaysia |
| url | http://journalarticle.ukm.my/7949/1/1613-3045-1-SM.pdf http://journalarticle.ukm.my/7949/ http://ejournals.ukm.my/pengurusan/issue/view/ |
| url_provider | http://journalarticle.ukm.my/ |