The effect of ownership structure on initial return and post-listing liquidity: evidence from Bursa Malaysia

• المؤلفون الرئيسيون: Ramlee, Roslily, Ali, Ruhani
• التنسيق: Conference or Workshop Item
• اللغة: English
• منشور في: 2014
• الموضوعات: HG4001 Financial management. Business finance. Corporation finance.
• الوصول للمادة أونلاين: http://irep.iium.edu.my/48331/1/Roslily_16th_Malaysian_Finance_Association_Conference_2014.pdf; http://irep.iium.edu.my/48331/; http://umconference.um.edu.my/MFA2014=a48564053b3c7b54800246348c7fa4a0

In IPO market, the theory of liquidity as proposed by Booth and Chua (1996) suggest that higher initial return drives the broadness of shareholder base and thus may enhance post-listing liquidity of an initial public offering (IPO) stocks. Based on that hypothesis, this paper examines the sample of...