Performance of New Issues: The Malaysian Case

Jabatan Kewangan Universiti Kebangsaan Malaysia


Abstract

This paper examines the performance of new issues in Malaysia. Two aspects of performance were examined. Firstly whether there are any underpricing in the pricing of new issues and secondly whether the market is efficient in pricing these shares. The result of this study showed an existence of under pricing as high as 400% and as low as 13%. However, the Malaysian stock market is efficient in the pricing of these new issues. Price of these shares do not experience significant differences from the initial pricing in the opening day within one year after listing.

Keywords

Citation

Sufar, S. B. (1989). Performance of New Issues: The Malaysian Case. Jurnal Pengurusan, 8, 17–27.

@article{sufar1989performance,
  title={Performance of New Issues: The Malaysian Case},
  author={Sufar, Saiful Bahri},
  journal={Jurnal Pengurusan},
 

volume={8},
  number={},
  pages={17—27},
  year={1989},
  doi={},
  publisher={Penerbit UKM},
}

Export Bibliography:

No. of views: 136

   

Article received:  
Accepted for publication:  
Available online: 

Issue logo

8 (1989) 17 – 27

Download PDF

Share via:

Receive updates when new articles are published