This paper examines the variability in initial returns, IPO volumes, and market conditions of the IPO listed in Bursa Malaysia during the period from January 2000 to December 2010. The IPO volume is highly auto correlated at low lags and decreases during the high lags. Examining the...

A lock-up agreement ensures that major shareholders retain significant economic interest in the companies following the IPOs. Rationally, these insiders will not adhere to the lock-up agreement unless the benefits of doing so can more than offset the costs. Therefore, in an environment...

This paper investigates the influence of shareholders' retention on the performance of initial public offerings (IPOs) in Malaysia between 2001 and 2010. Based on a sample of 295 IPOs listed in Bursa Malaysia, we find that pre-IPO shareholders' ownership or retention averages 73% and has a...

This study examines the winner's curse phenomenon using Amihud's allocation rate (ALLOCTJ) which is the natural log of the reciprocal of investor demand. Using data set from 446 initial public offerings (IPOs) listed on Bursa Malaysia from January 2000 until December 2013, this study yields...

This paper examines the moderating effect of information asymmetry on the relationship between parameters of lockup provision and flipping activity of Malaysian IPOs. While the main purpose of lockup provision is to promote commitment of major shareholders for the well-being of the IPO issuing...

This paper attempts to investigate the influence of lockup provision and some control variables on the flipping activity of Malaysian IPO. Measured as the percentage of trading volume on the first trading day divided by the number of shares offered, flipping is the easiest way to make a quick...

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...

IPO information disclosures such as the strategic uses of IPO proceeds and the time frame to utilize them have the potential to signal the listing companies’ post-IPO survival. We examine the role of the IPO proceeds on 423 companies’ survival in the Malaysian market from 2000 to 2014. Using...

Purpose: This study aims to investigate Malaysian stock market efficiency from the view of Sharīʿah-compliant and conventional stocks based on the effectiveness of technical trading strategies. Design/methodology/approach This study uses unconventional trading strategies that mix buy...