A study on the impact of saving rate and gross domestic products towards IPO underpricing : evidence in Malaysia

A study on the impact of saving rate and gross domestic products towards IPO underpricing : evidence in Malaysia

This study is to determine the level of IPO underpricing and examines the impacts of macroeconomic variables (i,e,. saving rates and GDP) with few control variables towards IPO underpricing on Bursa Malaysia from 2012 to 2016. The result shows that underpricing exists in the first day of trading dur...

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Main Author: Lim, Kooi Lee
Format: Thesis
Language:eng
eng
Published: 2017
Subjects:
HG Finance
Online Access:https://etd.uum.edu.my/7579/1/s820228_01.pdf
https://etd.uum.edu.my/7579/2/s820228_02.pdf
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id my-uum-etd.7579
record_format uketd_dc
institution Universiti Utara Malaysia
collection UUM ETD
language eng
eng
advisor Mohd Rashid, Rasidah
topic HG Finance
spellingShingle HG Finance
Lim, Kooi Lee
A study on the impact of saving rate and gross domestic products towards IPO underpricing : evidence in Malaysia
description This study is to determine the level of IPO underpricing and examines the impacts of macroeconomic variables (i,e,. saving rates and GDP) with few control variables towards IPO underpricing on Bursa Malaysia from 2012 to 2016. The result shows that underpricing exists in the first day of trading during the particular period and reported 68.49% of IPOs underpriced. Both linear and OLS regression models are used to distinguish the relationship between various independent variables and dependent variable with control variables. The linear regression show that only GDP affect the IPO underpricing but there is no impact of saving rate towards IPO underpricing. Empirical findings from OLS regression show that both saving rate and GDP with the control variables (i,e,. year of operation or establishment, size of company, underwriter status and issue period) arc significant in influencing the IPO underpricing. In addition, the findings also conclude only GDP is significantly difference on the sub-samples of high and low underpricing.
format Thesis
qualification_name other
qualification_level Master's degree
author Lim, Kooi Lee
author_facet Lim, Kooi Lee
author_sort Lim, Kooi Lee
title A study on the impact of saving rate and gross domestic products towards IPO underpricing : evidence in Malaysia
title_short A study on the impact of saving rate and gross domestic products towards IPO underpricing : evidence in Malaysia
title_full A study on the impact of saving rate and gross domestic products towards IPO underpricing : evidence in Malaysia
title_fullStr A study on the impact of saving rate and gross domestic products towards IPO underpricing : evidence in Malaysia
title_full_unstemmed A study on the impact of saving rate and gross domestic products towards IPO underpricing : evidence in Malaysia
title_sort study on the impact of saving rate and gross domestic products towards ipo underpricing : evidence in malaysia
granting_institution Universiti Utara Malaysia
granting_department Othman Yeop Abdullah Graduate School of Business
publishDate 2017
url https://etd.uum.edu.my/7579/1/s820228_01.pdf
https://etd.uum.edu.my/7579/2/s820228_02.pdf
_version_ 1747828237626507264
spelling my-uum-etd.75792021-05-10T00:54:19Z A study on the impact of saving rate and gross domestic products towards IPO underpricing : evidence in Malaysia 2017 Lim, Kooi Lee Mohd Rashid, Rasidah Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HG Finance This study is to determine the level of IPO underpricing and examines the impacts of macroeconomic variables (i,e,. saving rates and GDP) with few control variables towards IPO underpricing on Bursa Malaysia from 2012 to 2016. The result shows that underpricing exists in the first day of trading during the particular period and reported 68.49% of IPOs underpriced. Both linear and OLS regression models are used to distinguish the relationship between various independent variables and dependent variable with control variables. The linear regression show that only GDP affect the IPO underpricing but there is no impact of saving rate towards IPO underpricing. Empirical findings from OLS regression show that both saving rate and GDP with the control variables (i,e,. year of operation or establishment, size of company, underwriter status and issue period) arc significant in influencing the IPO underpricing. In addition, the findings also conclude only GDP is significantly difference on the sub-samples of high and low underpricing. 2017 Thesis https://etd.uum.edu.my/7579/ https://etd.uum.edu.my/7579/1/s820228_01.pdf text eng public https://etd.uum.edu.my/7579/2/s820228_02.pdf text eng public http://sierra.uum.edu.my/record=b1698733~S1 other masters Universiti Utara Malaysia Acha, I.A & Acha, C.K (2011). Interest rates in Nigeria: An analytical perspective. Research Journal of Finance and Accounting. Vol.2.No. 3, 2011. Adel Boubaker & Mediha Mezhoud. (2011). Determinants of Components of IPO Initial Returns: Paris Stock Exchange. International Journal of Accounting and Financial Reporting, 1(1), 190-211. Agathee, U. S., Sannassee, R. 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