Performance of new issues: The Malaysian case

Saiful Bahri Sufar, (1989) Performance of new issues: The Malaysian case. Jurnal Pengurusan, 8 . pp. 17-27. ISSN 0127-2713


Official URL:


This paper examines the performance of new issues in Malaysia. Two aspects of performance were examined. Firstly whether there are any underpricing n Ihe prlcmg of new issues and secondly whether the market is efficient in pricing these shares. The result of this study showed an existence of underpricing as hIgh as 400% and as low as 13%. However, the MalaysIan stock arket is efficient in the pricing of these new Issues. Price of these shares do nol expenence sinificant differences from the initial pircing in the opening wllhm one year after listmg.

Item Type:Article
Keywords:performance issue in Malaysia
Journal:Jurnal Pengurusan
ID Code:7925
Deposited By: stud01
Deposited On:08 Nov 2014 13:13
Last Modified:14 Dec 2016 06:45

Repository Staff Only: item control page