Macroeconomic determinants of the issuance of initial public offering (IPO) among three Asean countries / Nur Fahmida Zainal Abidin

The changes in macroeconomic variables might affect the stock market. This research seeks to address the question of whether local macroeconomic variables have any influence on the numbers of Initial Public Offerings (IPOs) in an emerging market within three (3) ASEAN countries which are Malaysia, S...

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Main Author:	Zainal Abidin, Nur Fahmida
Format:	Thesis
Language:	English
Published:	2019
Subjects:	Macroeconomics
Online Access:	https://ir.uitm.edu.my/id/eprint/62027/1/62027.pdf
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id	my-uitm-ir.62027
record_format	uketd_dc
spelling	my-uitm-ir.620272022-07-19T23:56:25Z Macroeconomic determinants of the issuance of initial public offering (IPO) among three Asean countries / Nur Fahmida Zainal Abidin 2019 Zainal Abidin, Nur Fahmida Macroeconomics Stock exchanges. Insider trading in securities Securities. Fixed-income securities The changes in macroeconomic variables might affect the stock market. This research seeks to address the question of whether local macroeconomic variables have any influence on the numbers of Initial Public Offerings (IPOs) in an emerging market within three (3) ASEAN countries which are Malaysia, Singapore and Thailand over the period of 2001-2017. There is evidence of a significant negative relationship between interest rate (IR) and the number of IPOs. On the other hand, there is insignificant negative relationship between Inflation rate (INF) and the number of IPOs are found. Besides, there are insignificant positive relationship between Growth Domestic Product (GDP) and Foreign Direct Investment (FDI) and the number of IPOs are found. Using panel data and multiple linear regressions, the result show strong significant relationships of IR to the number of IPOs. On the other hand, investors and companies believe the role of government to control the macroeconomic variables will give them confidence to go to public. Researcher hopes that this research will guide them on the suitable timing and economic condition for going public in reference to historical trends of issuance. 2019 Thesis https://ir.uitm.edu.my/id/eprint/62027/ https://ir.uitm.edu.my/id/eprint/62027/1/62027.pdf text en public degree UiTM Cawangan Johor Faculty of Business Management Mohd Shafi, Dr Roslina
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
advisor	Mohd Shafi, Dr Roslina
topic	Macroeconomics Macroeconomics Macroeconomics
spellingShingle	Macroeconomics Macroeconomics Macroeconomics Zainal Abidin, Nur Fahmida Macroeconomic determinants of the issuance of initial public offering (IPO) among three Asean countries / Nur Fahmida Zainal Abidin
description	The changes in macroeconomic variables might affect the stock market. This research seeks to address the question of whether local macroeconomic variables have any influence on the numbers of Initial Public Offerings (IPOs) in an emerging market within three (3) ASEAN countries which are Malaysia, Singapore and Thailand over the period of 2001-2017. There is evidence of a significant negative relationship between interest rate (IR) and the number of IPOs. On the other hand, there is insignificant negative relationship between Inflation rate (INF) and the number of IPOs are found. Besides, there are insignificant positive relationship between Growth Domestic Product (GDP) and Foreign Direct Investment (FDI) and the number of IPOs are found. Using panel data and multiple linear regressions, the result show strong significant relationships of IR to the number of IPOs. On the other hand, investors and companies believe the role of government to control the macroeconomic variables will give them confidence to go to public. Researcher hopes that this research will guide them on the suitable timing and economic condition for going public in reference to historical trends of issuance.
format	Thesis
qualification_level	Bachelor degree
author	Zainal Abidin, Nur Fahmida
author_facet	Zainal Abidin, Nur Fahmida
author_sort	Zainal Abidin, Nur Fahmida
title	Macroeconomic determinants of the issuance of initial public offering (IPO) among three Asean countries / Nur Fahmida Zainal Abidin
title_short	Macroeconomic determinants of the issuance of initial public offering (IPO) among three Asean countries / Nur Fahmida Zainal Abidin
title_full	Macroeconomic determinants of the issuance of initial public offering (IPO) among three Asean countries / Nur Fahmida Zainal Abidin
title_fullStr	Macroeconomic determinants of the issuance of initial public offering (IPO) among three Asean countries / Nur Fahmida Zainal Abidin
title_full_unstemmed	Macroeconomic determinants of the issuance of initial public offering (IPO) among three Asean countries / Nur Fahmida Zainal Abidin
title_sort	macroeconomic determinants of the issuance of initial public offering (ipo) among three asean countries / nur fahmida zainal abidin
granting_institution	UiTM Cawangan Johor
granting_department	Faculty of Business Management
publishDate	2019
url	https://ir.uitm.edu.my/id/eprint/62027/1/62027.pdf
_version_	1783735244571017216

Macroeconomic determinants of the issuance of initial public offering (IPO) among three Asean countries / Nur Fahmida Zainal Abidin

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