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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主要作者: Zainal Abidin, Nur Fahmida
格式: Thesis
语言:English
出版: 2019
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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
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