|Appears in Collections:||Accounting and Finance Journal Articles|
|Peer Review Status:||Refereed|
|Title:||The long run share price performance of Malaysian Initial Public Offerings (IPOs)|
|Authors:||Ahmad-Zaluki, Nurwati A|
|Keywords:||Initial public offerings|
long run performance
|Citation:||Ahmad-Zaluki NA, Campbell K & Goodacre A (2007) The long run share price performance of Malaysian Initial Public Offerings (IPOs), Journal of Business Finance and Accounting, 34 (1-2), pp. 78-110.|
|Abstract:||This paper investigates the long run share price performance of 454 Malaysian IPOs during the period 1990 to 2000. In contrast with developed markets, significant overperformance is found for equally-weighted event time CARs and buy-and-hold returns using two market benchmarks, though not for value-weighted returns or using a matched company benchmark. The significant abnormal performance also disappears under the calendar-time approach using the Fama-French (1993) three factor model. While the long run performance of Main and Second Board IPOs does not differ, the year of listing, issue proceeds and initial returns are found to be performance-related.|
|Rights:||The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.|
|Jbfa paper may 06 final version for STORRE.pdf||544.81 kB||Adobe PDF||Under Embargo until 31/12/2999 Request a copy|
|Jbfa paper may 06.pdf||201.69 kB||Adobe PDF||Under Embargo until 31/12/2999 Request a copy|
Note: If any of the files in this item are currently embargoed, you can request a copy directly from the author by clicking the padlock icon above. However, this facility is dependent on the depositor still being contactable at their original email address.
This item is protected by original copyright
Items in the Repository are protected by copyright, with all rights reserved, unless otherwise indicated.
If you believe that any material held in STORRE infringes copyright, please contact email@example.com providing details and we will remove the Work from public display in STORRE and investigate your claim.