Ramlee, Roslily; Ali, Ruhani - In: Asian Academy of Management Journal of Accounting and … 8 (2012) Supp. 1, pp. 39-66
showed one proxy of liquidity that is average monthly turnover as able to explain the market-adjusted long-term return of IPO … moderate the relation between liquidity and long-term return. … and Second Board of Bursa Malaysia from 1998 to 2008, the study examines the relationship between liquidity and IPO long-term …