Do Share Allocations to the Indigenous Investor Drive the Demand for IPOs?

The purpose of this paper was to investigate the impact of allocating shares to the indigenous (<i>Bumiputera</i>) investors on the oversubscription ratio of IPO. This factor is unique to Malaysian IPOs and would enable us to reflect the signaling theory. Data on 348 IPO firms listed on...

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Bibliographic Details
Published in:Economies
Main Authors: Ahmad Hakimi Tajuddin, Kanesh Gopal, Rasidah Mohd-Rashid, Waqas Mehmood, Elkhan Richard Sadik-Zada
Format: Article
Language:English
Published: MDPI AG 2023-04-01
Subjects:
indigenous
<i>Bumiputera</i>
IPO
oversubscription
signaling
firm size
Online Access:https://www.mdpi.com/2227-7099/11/4/117

Internet

https://www.mdpi.com/2227-7099/11/4/117

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