Tajuddin, Ahmad Hakimi; Rajadurai, Kanesh Gopal; … - In: Economies : open access journal 11 (2023) 4, pp. 1-18
The purpose of this paper was to investigate the impact of allocating shares to the indigenous (Bumiputera) 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 Bursa Malaysia...