The Time Series Behaviour of Volume, Initial Return and Economic Condition of the Malaysian IPO Market
This paper analyses the short-run as well as the long-run relationship 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 conditi...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Zant World Press, Australia
2009
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/18678/ http://ir.unimas.my/id/eprint/18678/7/The%20Time%20Series%20Behaviour%20of%20Volume%20%28abstract%29.pdf |
| _version_ | 1848838564102537216 |
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| author | Chong, Fennee Puah, Chin Hong |
| author_facet | Chong, Fennee Puah, Chin Hong |
| author_sort | Chong, Fennee |
| building | UNIMAS Institutional Repository |
| collection | Online Access |
| description | This paper analyses the short-run as well as the long-run relationship 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. Moreover, these two variables are also found to Granger- cause the IPO volume in the short-run |
| first_indexed | 2025-11-15T06:57:33Z |
| format | Article |
| id | unimas-18678 |
| institution | Universiti Malaysia Sarawak |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T06:57:33Z |
| publishDate | 2009 |
| publisher | Zant World Press, Australia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | unimas-186782017-11-20T01:40:33Z http://ir.unimas.my/id/eprint/18678/ The Time Series Behaviour of Volume, Initial Return and Economic Condition of the Malaysian IPO Market Chong, Fennee Puah, Chin Hong HB Economic Theory This paper analyses the short-run as well as the long-run relationship 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. Moreover, these two variables are also found to Granger- cause the IPO volume in the short-run Zant World Press, Australia 2009-06 Article PeerReviewed text en http://ir.unimas.my/id/eprint/18678/7/The%20Time%20Series%20Behaviour%20of%20Volume%20%28abstract%29.pdf Chong, Fennee and Puah, Chin Hong (2009) The Time Series Behaviour of Volume, Initial Return and Economic Condition of the Malaysian IPO Market. International Review of Business Research Papers, 5 (4). pp. 409-417. ISSN 1837-5685 https://www.researchgate.net/publication/254739799 |
| spellingShingle | HB Economic Theory Chong, Fennee Puah, Chin Hong The Time Series Behaviour of Volume, Initial Return and Economic Condition of the Malaysian IPO Market |
| title | The Time Series Behaviour of Volume, Initial Return and Economic Condition of the Malaysian IPO Market |
| title_full | The Time Series Behaviour of Volume, Initial Return and Economic Condition of the Malaysian IPO Market |
| title_fullStr | The Time Series Behaviour of Volume, Initial Return and Economic Condition of the Malaysian IPO Market |
| title_full_unstemmed | The Time Series Behaviour of Volume, Initial Return and Economic Condition of the Malaysian IPO Market |
| title_short | The Time Series Behaviour of Volume, Initial Return and Economic Condition of the Malaysian IPO Market |
| title_sort | time series behaviour of volume, initial return and economic condition of the malaysian ipo market |
| topic | HB Economic Theory |
| url | http://ir.unimas.my/id/eprint/18678/ http://ir.unimas.my/id/eprint/18678/ http://ir.unimas.my/id/eprint/18678/7/The%20Time%20Series%20Behaviour%20of%20Volume%20%28abstract%29.pdf |