An empirical investigation on the underpricing and earnings management of initial public offerings in Bangladesh.

Kajian ini menyelidik syarikat-syarikat baru yang disenaraikan di Bursa Saham Dhaka (DSE) dan Bursa Saham Chittagong (CSE) bagi tempoh 1995-2005. Tujuan kajian ini adalah untuk meneroka isu-isu yang berkaitan dengan terbitan saham awal (IPO) iaitu penentuan harga terendah dan pengurusan perolehan da...

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Bibliographic Details
Main Author: Islam, Md. Aminul
Format: Thesis
Language:English
Published: 2011
Subjects:
Online Access:http://eprints.usm.my/42937/1/Pages_from_AN_EMPIRICAL_INVESTIGATION_ON_THE_UNDERPRICING_AND_EARNINGS_MANAGEMENT_OF_INITIAL_PUBLIC_OFFERINGS_IN_BANGLADESH.pdf
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Summary:Kajian ini menyelidik syarikat-syarikat baru yang disenaraikan di Bursa Saham Dhaka (DSE) dan Bursa Saham Chittagong (CSE) bagi tempoh 1995-2005. Tujuan kajian ini adalah untuk meneroka isu-isu yang berkaitan dengan terbitan saham awal (IPO) iaitu penentuan harga terendah dan pengurusan perolehan dalam konteks pasaran modal Bangladesh. Data diperoleh daripada prospektus syarikat, DSE dan CSE Daily Diaries; laman sesawang DSE, CSE dan SEC websites, dan Laporan Tahunan syarikat yang tersenarai. This study examined companies, which were newly listed on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) for the period 1995-2005. The purpose of this study is to explore issues related to initial public offerings (IPO) underpricing and earning management in the context of Bangladesh capital market. Data were collected from company prospectuses, DSE and CSE Daily Diaries; DSE, CSE and SEC websites, and annual Report of listed Companies. A total of 132 companies listed at DSE and 206 at CSE respectively which are listed during the study period were selected for this study.