Investor demand, size effect and performance of Malaysian Initial Public Offerings: evidence from Post-1997 financial crisis

• Main Author: Othman Yong,
• Format: Article
• Published: Penerbit Universiti Kebangsaan Malaysia 2007
• Online Access: http://journalarticle.ukm.my/8073/; http://ejournal.ukm.my/pengurusan/index

This paper examines the initial performance of 185 Malaysian Initial Public Offerings (IPOs) from January 1999 to December 2003. The study finds that the average initial return of the 185 Malaysian IPOs is markedly lower (but still under-priced) than any other average initial return before the 1997...