Behaviour and performance of new issues in Malaysia

This study looks at the behaviour and performance of new issues in Malaysia from 1983 to 1988. The results show that the average return, based on the difference between the first day closing price and the offer price , is approximately 167 percent. It is also found that the new issues are overwhelmi...

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Main Author:	Othman Yong
Format:	Article
Language:	English
Published:	Penerbit Universiti Kebangsaan Malaysia 1992
Online Access:	http://journalarticle.ukm.my/7949/ http://journalarticle.ukm.my/7949/ http://journalarticle.ukm.my/7949/1/1613-3045-1-SM.pdf

id	ukm-7949
recordtype	eprints
spelling	ukm-79492016-12-14T06:45:44Z http://journalarticle.ukm.my/7949/ Behaviour and performance of new issues in Malaysia Othman Yong, This study looks at the behaviour and performance of new issues in Malaysia from 1983 to 1988. The results show that the average return, based on the difference between the first day closing price and the offer price , is approximately 167 percent. It is also found that the new issues are overwhelmingly oversubscribed. The returns after the first day and up to one year normally decline, eventhough they are not significantly different from the returns received on the first day of trading. Furthermore, the performance of new issues is quite independent of the ups and downs of the market. Penerbit Universiti Kebangsaan Malaysia 1992 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/7949/1/1613-3045-1-SM.pdf Othman Yong, (1992) Behaviour and performance of new issues in Malaysia. Jurnal Pengurusan, 11 . pp. 53-61. ISSN 0127-2713 http://ejournals.ukm.my/pengurusan/issue/view/
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Kebangasaan Malaysia
building	UKM Institutional Repository
collection	Online Access
language	English
description	This study looks at the behaviour and performance of new issues in Malaysia from 1983 to 1988. The results show that the average return, based on the difference between the first day closing price and the offer price , is approximately 167 percent. It is also found that the new issues are overwhelmingly oversubscribed. The returns after the first day and up to one year normally decline, eventhough they are not significantly different from the returns received on the first day of trading. Furthermore, the performance of new issues is quite independent of the ups and downs of the market.
format	Article
author	Othman Yong,
spellingShingle	Othman Yong, Behaviour and performance of new issues in Malaysia
author_facet	Othman Yong,
author_sort	Othman Yong,
title	Behaviour and performance of new issues in Malaysia
title_short	Behaviour and performance of new issues in Malaysia
title_full	Behaviour and performance of new issues in Malaysia
title_fullStr	Behaviour and performance of new issues in Malaysia
title_full_unstemmed	Behaviour and performance of new issues in Malaysia
title_sort	behaviour and performance of new issues in malaysia
publisher	Penerbit Universiti Kebangsaan Malaysia
publishDate	1992
url	http://journalarticle.ukm.my/7949/ http://journalarticle.ukm.my/7949/ http://journalarticle.ukm.my/7949/1/1613-3045-1-SM.pdf
first_indexed	2023-09-18T19:51:04Z
last_indexed	2023-09-18T19:51:04Z
_version_	1777406223285485568

Behaviour and performance of new issues in Malaysia

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