Behaviour and performance of new issues in Malaysia
This study looks at the behaviour and performance of new issues in Malaysia from 1983 to 1988. The results show that the average return, based on the difference between the first day closing price and the offer price , is approximately 167 percent. It is also found that the new issues are overwhelmi...
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| Format: | Article |
| Language: | English |
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Penerbit Universiti Kebangsaan Malaysia,
1992.
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| Online Access: | Get fulltext |