The Time Series Behaviour of Volume, Initial Return and Economic Condition of the Malaysian IPO Market

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: Chong, Fennee, Puah, Chin Hong
Format: E-Article
Language:English
Published: Zant World Press, Australia 2009
Subjects:
HB Economic Theory
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
id my.unimas.ir.18678
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spelling my.unimas.ir.186782017-11-20T01:40:33Z http://ir.unimas.my/id/eprint/18678/ The Time Series Behaviour of Volume, Initial Return and Economic Condition of the Malaysian IPO Market Chong, Fennee Puah, Chin Hong HB Economic Theory 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 Zant World Press, Australia 2009-06 E-Article PeerReviewed text en http://ir.unimas.my/id/eprint/18678/7/The%20Time%20Series%20Behaviour%20of%20Volume%20%28abstract%29.pdf Chong, Fennee and Puah, Chin Hong (2009) The Time Series Behaviour of Volume, Initial Return and Economic Condition of the Malaysian IPO Market. International Review of Business Research Papers, 5 (4). pp. 409-417. ISSN 1837-5685 https://www.researchgate.net/publication/254739799
institution Universiti Malaysia Sarawak
building Centre for Academic Information Services (CAIS)
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sarawak
content_source UNIMAS Institutional Repository
url_provider http://ir.unimas.my/
language English
topic HB Economic Theory
spellingShingle HB Economic Theory
Chong, Fennee
Puah, Chin Hong
The Time Series Behaviour of Volume, Initial Return and Economic Condition of the Malaysian IPO Market
description 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
format E-Article
author Chong, Fennee
Puah, Chin Hong
author_facet Chong, Fennee
Puah, Chin Hong
author_sort Chong, Fennee
title The Time Series Behaviour of Volume, Initial Return and Economic Condition of the Malaysian IPO Market
title_short The Time Series Behaviour of Volume, Initial Return and Economic Condition of the Malaysian IPO Market
title_full The Time Series Behaviour of Volume, Initial Return and Economic Condition of the Malaysian IPO Market
title_fullStr The Time Series Behaviour of Volume, Initial Return and Economic Condition of the Malaysian IPO Market
title_full_unstemmed The Time Series Behaviour of Volume, Initial Return and Economic Condition of the Malaysian IPO Market
title_sort time series behaviour of volume, initial return and economic condition of the malaysian ipo market
publisher Zant World Press, Australia
publishDate 2009
url 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
_version_ 1644512908516786176

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