Price Behavior Around Earnings Announcement Of Newly Listed Shares
Oversubcription for new equity issues has become a common phenomena in the Malaysian capital market. The strong public support to these new equity issues is mainly due to the high expected return predicted by the investors. Studies conducted on Malaysian capital market and those in other countrie...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Asian Academy of Management (AAM)
1996
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| Subjects: | |
| Online Access: | http://eprints.usm.my/35310/ http://eprints.usm.my/35310/1/1-2-4.pdf |
| _version_ | 1848877586728353792 |
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| author | Md. Isa, Mansor Ahmad, Rubi Yik Wan, Chan |
| author_facet | Md. Isa, Mansor Ahmad, Rubi Yik Wan, Chan |
| author_sort | Md. Isa, Mansor |
| building | USM Institutional Repository |
| collection | Online Access |
| description | Oversubcription for new equity issues has become a common phenomena in the Malaysian
capital market. The strong public support to these new equity issues is mainly due to the
high expected return predicted by the investors. Studies conducted on Malaysian capital
market and those in other countries have shown that investors would most likely make
excess returns on their investments not just on the initial listing but also thereafter. In the
local scene, Ku Ismail, Abidin and Zainuddin (1993) finds that excess returns ranged from
19.74% (for hotel) to 125% (for industrial and commercial). |
| first_indexed | 2025-11-15T17:17:48Z |
| format | Article |
| id | usm-35310 |
| institution | Universiti Sains Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T17:17:48Z |
| publishDate | 1996 |
| publisher | Asian Academy of Management (AAM) |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | usm-353102017-07-04T04:59:39Z http://eprints.usm.my/35310/ Price Behavior Around Earnings Announcement Of Newly Listed Shares Md. Isa, Mansor Ahmad, Rubi Yik Wan, Chan HD28-70 Management. Industrial Management Oversubcription for new equity issues has become a common phenomena in the Malaysian capital market. The strong public support to these new equity issues is mainly due to the high expected return predicted by the investors. Studies conducted on Malaysian capital market and those in other countries have shown that investors would most likely make excess returns on their investments not just on the initial listing but also thereafter. In the local scene, Ku Ismail, Abidin and Zainuddin (1993) finds that excess returns ranged from 19.74% (for hotel) to 125% (for industrial and commercial). Asian Academy of Management (AAM) 1996 Article PeerReviewed application/pdf en http://eprints.usm.my/35310/1/1-2-4.pdf Md. Isa, Mansor and Ahmad, Rubi and Yik Wan, Chan (1996) Price Behavior Around Earnings Announcement Of Newly Listed Shares. Asian Academy of Management Journal (AAMJ), 1 (2). pp. 1-10. ISSN 1394-2603 http://web.usm.my/aamj/1.2.1996/1-2-4.pdf |
| spellingShingle | HD28-70 Management. Industrial Management Md. Isa, Mansor Ahmad, Rubi Yik Wan, Chan Price Behavior Around Earnings Announcement Of Newly Listed Shares |
| title | Price Behavior Around Earnings Announcement Of
Newly Listed Shares |
| title_full | Price Behavior Around Earnings Announcement Of
Newly Listed Shares |
| title_fullStr | Price Behavior Around Earnings Announcement Of
Newly Listed Shares |
| title_full_unstemmed | Price Behavior Around Earnings Announcement Of
Newly Listed Shares |
| title_short | Price Behavior Around Earnings Announcement Of
Newly Listed Shares |
| title_sort | price behavior around earnings announcement of
newly listed shares |
| topic | HD28-70 Management. Industrial Management |
| url | http://eprints.usm.my/35310/ http://eprints.usm.my/35310/ http://eprints.usm.my/35310/1/1-2-4.pdf |