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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| Format: | Thesis |
| Language: | en en |
| Published: |
2009
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| Subjects: | |
| Online Access: | https://etd.uum.edu.my/1633/1/Noraini_Binti_Azlan.pdf https://etd.uum.edu.my/1633/2/1.Noraini_Binti_Azlan.pdf https://etd.uum.edu.my/1633/ |
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| _version_ | 1833435696353771520 |
|---|---|
| author | Noraini, Azlan |
| author_facet | Noraini, Azlan |
| author_sort | Noraini, Azlan |
| building | UUM Library |
| collection | Institutional Repository |
| content_provider | Universiti Utara Malaysia |
| content_source | UUM Electronic Theses |
| continent | Asia |
| country | 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 |
| id | my.uum.etd-1633 |
| institution | Universiti Utara Malaysia |
| language | en en |
| publishDate | 2009 |
| record_format | eprints |
| spelling | my.uum.etd-16332013-07-24T12:12:36Z https://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 https://etd.uum.edu.my/1633/1/Noraini_Binti_Azlan.pdf application/pdf en https://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. |
| spellingShingle | HG Finance Noraini, Azlan The Post-Issue Performance of Rights Issues in Malaysia |
| title | 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_short | The Post-Issue Performance of Rights Issues in Malaysia |
| title_sort | post-issue performance of rights issues in malaysia |
| topic | HG Finance |
| url | https://etd.uum.edu.my/1633/1/Noraini_Binti_Azlan.pdf https://etd.uum.edu.my/1633/2/1.Noraini_Binti_Azlan.pdf https://etd.uum.edu.my/1633/ |
| url_provider | http://etd.uum.edu.my/ |