This paper examines the IPO anomalous behavior in the immediate aftermarket from two dimensions; initial return and flipping activity. In light of the commencement of lockup provision in May 1999 to displace the profit guarantee on issuing companies, this study examines the effect of both extent...

Purpose: This study aims to examine the changes in equity guidelines and initial returns in the Malaysian initial public offering (IPO) market. Design/methodology/approach: The study uses cross-sectional data over 16 years from 2000 to 2016. It uses ordinary least squares for the baseline...

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...

Venture capital is an alternative source of funding for SMEs in Malaysia. Recognizing the importance of this industry toward economic growth, the Malaysian government has initiated various strategic plans. Despite promising growth of the venture capital market, past empirical findings reveal...

Venture capital is an alternative source of funding for SMEs in this country. Recognizing the importance of this industry toward economic growth, Malaysian government has initiated various strategic plans. Despite the promising growth of venture capital market here, past empirical findings...