UUM Electronic Theses and Dissertation
UUM ETD | Universiti Utara Malaysian Electronic Theses and Dissertation
FAQs | Feedback | Search Tips | Sitemap

IPO Underpricing: Evidence From Malaysia

Kannan, Shanmugam (2011) IPO Underpricing: Evidence From Malaysia. Masters thesis, Universiti Utara Malaysia.

[thumbnail of Kannan_Shanmugam.pdf] PDF
Restricted to Registered users only

Download (2MB) | Request a copy
[thumbnail of 1.Kannan_Shanmugam.pdf]

Download (452kB) | Preview


The underpricing of initial public offerings (IPOs) are anomalies well documented by numerous empirical studies. The aim of this thesis is to examine whether or not a variety of different proxies employed under the asymmetric information theory particularly the Winner’s Curse and Signaling models influence underpricing in the Malaysian market. The study used a sample of 125 the Malaysian IPOs in the period between 2005 to 2009. The result shows that gross proceeds, underwriter, insider retention and market capitalization are significant in explaining the degree of underpricing in IPOs. However on other hand, the findings show that age of company and the gap between prospectus and listing dates could not explain the extent of underpricing in Malaysia for the studied period.

Item Type: Thesis (Masters)
Supervisor : Regupathi, Angappan
Item ID: 2873
Uncontrolled Keywords: Initial Public Offerings (IPOs) Underpricing, Malaysia
Subjects: H Social Sciences > HG Finance
Divisions: Othman Yeop Abdullah Graduate School of Business
Date Deposited: 30 Jul 2012 02:15
Last Modified: 19 Apr 2016 01:17
Department: Othman Yeop Abdullah Graduate School of Business
Name: Regupathi, Angappan
URI: https://etd.uum.edu.my/id/eprint/2873

Actions (login required)

View Item
View Item