Price Behavior Around Earnings Announcement Of Newly Listed Shares

• Main Authors: Md. Isa, Mansor, Ahmad, Rubi, Yik Wan, Chan
• Format: Article
• Language: English
• Published: Asian Academy of Management (AAM) 1996
• Subjects: HD28-70 Management. Industrial Management
• Online Access: http://eprints.usm.my/35310/1/1-2-4.pdf; http://eprints.usm.my/35310/; http://web.usm.my/aamj/1.2.1996/1-2-4.pdf

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...