Does winner’s curse hypothesis exist in explaining the underpricing phenomenon of Malaysian shariah-compliant IPOs?

• Main Authors: Zunaidah, Sulong, Mohd Rahim, Ariffin, Nor Azizan, Che Embi
• Format: Conference or Workshop Item
• Language: English
• Published: 2017
• Subjects: BP Islam. Bahaism. Theosophy, etc; HG Finance
• Online Access: http://eprints.unisza.edu.my/926/1/FH03-FESP-18-13018.pdf; http://eprints.unisza.edu.my/926/
• Institution: Universiti Sultan Zainal Abidin

The Shariah-compliant status seems to be the major concern of the Securities Commission (SC) even though in reality the Malaysian stocks market players and the public listed companies (PLCs) owners are dominated by non-Muslims. The need for Shariahcompliant status seems more significant when the SC...