Academic directors and IPO initial returns

• Main Authors: Badru, Bazeet Olayemi, Ahmad Zaluki, Nurwati Ashikkin, Wan Hussin, Wan Nordin
• Format: Article
• Language: English
• Published: Inderscience Enterprises Ltd. 2018
• Subjects: HD28 Management. Industrial Management
• Online Access: http://repo.uum.edu.my/25798/1/IJBGE%2013%201%202018%2033%2058.pdf; http://repo.uum.edu.my/25798/; http://doi.org/10.1504/IJBGE.2018.095413

This study examines the impact of academic directors on IPO initial returns. With a sample of 208 Malaysian IPOs over the period of 2005 to 2015 and applying a quantile regression (QR) technique, this study finds that the academic directors are significantly and negatively associated with IPO initia...