Evaluation of long term performance for initial public offerings using Market Adjusted Cumulative Abnormal Returns (MACAR): a case study of Islamic finance in Malaysia

• Main Authors: Abu Bakar, Nashirah, Rosbi, Sofian, Uzaki, Kiyotaka
• Format: Article
• Language: English
• Published: 2019
• Subjects: HG Finance
• Online Access: http://repo.uum.edu.my/26294/1/IJASRE%205%201%202019%2051%2058.pdf; http://repo.uum.edu.my/26294/; http://doi.org/10.31695/IJASRE.2019.33050
• Institution: Universiti Utara Malaysia

The main objective of this paper is to evaluate the long term performance of initial public offerings for sharia compliant companies listed on the Malaysia Stock Exchange. The number of selected companies is 17 that issued initial public offerings (IPO) in the year of 2014 and 2015. Data for analysi...