Winner's curse and bandwagon effect in Malaysian IPOs: evidence from 2001-2009
This papaer examines the winner's curse hypothesis and the bandwagon effect in initial public offerings (IPOS), using malaysian IPO data from January 2001 to December 2009. The average initial return (offer-to-close) for the 160 Malaysian private placement IPOS is 18.51 percent as opposed to th...
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| Format: | Article |
| Language: | English |
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Penerbit Universiti Kebangsaan Malaysia
2011
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| Online Access: | http://journalarticle.ukm.my/2099/ http://journalarticle.ukm.my/2099/ http://journalarticle.ukm.my/2099/1/jurus_32-03-lock.pdf |