The Time Series Behaviour of Volume, Initial Return and Economic Condition of the Malaysian IPO Market
This paper analyses the short-run as well as the long-run relationship of the IPO volume, initial returns and economic conditions of the Malaysian IPO market. The ARDL bounds testing approach was used to examine these variables. Empirical results showed that both initial returns and economic conditi...
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| Main Authors: | , |
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| Format: | E-Article |
| Language: | English |
| Published: |
Zant World Press, Australia
2009
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/18678/7/The%20Time%20Series%20Behaviour%20of%20Volume%20%28abstract%29.pdf http://ir.unimas.my/id/eprint/18678/ https://www.researchgate.net/publication/254739799 |
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| Institution: | Universiti Malaysia Sarawak |
| Language: | English |
| Summary: | This paper analyses the short-run as well as the long-run relationship of the IPO volume, initial returns and economic conditions of the Malaysian IPO market. The ARDL bounds testing approach was used to examine these variables. Empirical results showed that both initial returns and economic conditions have significant long-run relationships with IPO volume. Moreover, these two variables are also found to Granger- cause the IPO volume in the short-run |
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