The behaviour of IPOs for the period from January 1994 to December 1996 / Mohd Amir Zaki Mohd Dom.

This project paper is carried out to examine the performance of the samples of 132 new issues in Malaysian stock market during the period from January 1994 to December 1996 . The behaviour o f new issues is based on the computation of return of IPOs after listing and this paper is also undertaken to...

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Main Author:	Mohd Dom, Mohd Amir Zaki
Format:	Thesis
Language:	English
Published:	1997
Subjects:	Stock exchanges Insider trading in securities
Online Access:	https://ir.uitm.edu.my/id/eprint/41355/1/41355.pdf
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id	my-uitm-ir.41355
record_format	uketd_dc
spelling	my-uitm-ir.413552021-02-04T20:46:25Z The behaviour of IPOs for the period from January 1994 to December 1996 / Mohd Amir Zaki Mohd Dom. 1997 Mohd Dom, Mohd Amir Zaki Stock exchanges. Insider trading in securities Stock price indexes. Stock quotations This project paper is carried out to examine the performance of the samples of 132 new issues in Malaysian stock market during the period from January 1994 to December 1996 . The behaviour o f new issues is based on the computation of return of IPOs after listing and this paper is also undertaken to examine the relationship between the short-run performance and the new issues returns for each period observed. From this study, it was found that, almost all of new issues showed a high return on investment and it was observed that, the samples of 132 IPOs have shown different pattern of trends since they were being listed on the KLSE. It is clear from this study that, on the whole, the return of new issues to be significantly positive. In this study also, it was identified that almost all IPOs were underpriced based on large positive performance of average excess returns exhibit in the first period of transaction. In addition, we also found that, the observed new issues have generated a high premium in Malaysian Bourse. It was observed that, in terms of Efficient Market Hypothesis, there was evidence to conclude that KLSE was said efficient in adjusting the current prices from period 1994 to 1996 especially for the performance of the samples of 132 IPOs for the first thirty days. 1997 Thesis https://ir.uitm.edu.my/id/eprint/41355/ https://ir.uitm.edu.my/id/eprint/41355/1/41355.pdf text en public degree Universiti Teknologi MARA Faculty of Business Management Hassan, Rokiah (Dr.)
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
advisor	Hassan, Rokiah (Dr.)
topic	Stock exchanges Insider trading in securities Stock exchanges Insider trading in securities
spellingShingle	Stock exchanges Insider trading in securities Stock exchanges Insider trading in securities Mohd Dom, Mohd Amir Zaki The behaviour of IPOs for the period from January 1994 to December 1996 / Mohd Amir Zaki Mohd Dom.
description	This project paper is carried out to examine the performance of the samples of 132 new issues in Malaysian stock market during the period from January 1994 to December 1996 . The behaviour o f new issues is based on the computation of return of IPOs after listing and this paper is also undertaken to examine the relationship between the short-run performance and the new issues returns for each period observed. From this study, it was found that, almost all of new issues showed a high return on investment and it was observed that, the samples of 132 IPOs have shown different pattern of trends since they were being listed on the KLSE. It is clear from this study that, on the whole, the return of new issues to be significantly positive. In this study also, it was identified that almost all IPOs were underpriced based on large positive performance of average excess returns exhibit in the first period of transaction. In addition, we also found that, the observed new issues have generated a high premium in Malaysian Bourse. It was observed that, in terms of Efficient Market Hypothesis, there was evidence to conclude that KLSE was said efficient in adjusting the current prices from period 1994 to 1996 especially for the performance of the samples of 132 IPOs for the first thirty days.
format	Thesis
qualification_level	Bachelor degree
author	Mohd Dom, Mohd Amir Zaki
author_facet	Mohd Dom, Mohd Amir Zaki
author_sort	Mohd Dom, Mohd Amir Zaki
title	The behaviour of IPOs for the period from January 1994 to December 1996 / Mohd Amir Zaki Mohd Dom.
title_short	The behaviour of IPOs for the period from January 1994 to December 1996 / Mohd Amir Zaki Mohd Dom.
title_full	The behaviour of IPOs for the period from January 1994 to December 1996 / Mohd Amir Zaki Mohd Dom.
title_fullStr	The behaviour of IPOs for the period from January 1994 to December 1996 / Mohd Amir Zaki Mohd Dom.
title_full_unstemmed	The behaviour of IPOs for the period from January 1994 to December 1996 / Mohd Amir Zaki Mohd Dom.
title_sort	behaviour of ipos for the period from january 1994 to december 1996 / mohd amir zaki mohd dom.
granting_institution	Universiti Teknologi MARA
granting_department	Faculty of Business Management
publishDate	1997
url	https://ir.uitm.edu.my/id/eprint/41355/1/41355.pdf
_version_	1783734630711558144

The behaviour of IPOs for the period from January 1994 to December 1996 / Mohd Amir Zaki Mohd Dom.

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