Ramlee, Roslily; Ali, Ruhani - In: Asian Academy of Management Journal of Accounting and … 8 (2012) Supp. 1, pp. 39-66
Prior studies testing the relationship between initial public offering (IPO) returns and liquidity are mostly for the developed markets. The disperse ownership in the corporation and more well informed investors in the developed markets support their findings. On the other hand, the nature and...