A study on IPO underpricing of the listed companies in Bursa Malaysia / Sunim Komoi

Komoi, Sunim (2016) A study on IPO underpricing of the listed companies in Bursa Malaysia / Sunim Komoi. Degree thesis, Universiti Teknologi MARA, Sabah.

Abstract

This study determines the IPO Underpricing of the listed companies in Bursa Malaysia. It is based on the asymmetric information theory which the investment bank finds that the IPO is underpriced when it is less costly to market whereby the model is used by the issuers by leave the pricing decision to the underwriter (Baron, 1982). The reason about the IPO underpricing comes from the behavioural finance. This paper will determine whether IPO Underpricing has relationship between IPO Size and Market volatility. A sample of 30 companies listed in Bursa Malaysia is taken from the period of January 2009 to December 2014. Fixed Effects and Random Effects have been applied on panel data to determine the relationship between IPO Size and market volatility. It founds that IPO Underpricing has significant relationship between IPO Size.

Metadata

Item Type:	Thesis (Degree)
Creators:	Creators Email / ID Num. Komoi, Sunim 2013799099
Contributors:	Contribution Name Email / ID Num. Advisor Mohammed, Rozita @ Uji rozlim97@uitm.edu.my
Subjects:	H Social Sciences > HF Commerce > Pricing
Divisions:	Universiti Teknologi MARA, Sabah > Kota Kinabalu Campus > Faculty of Business and Management
Programme:	Bachelor of Business Administration (Hons) Finance
Keywords:	IPO underpricing; IPO size; Market volatility
Date:	2016
URI:	https://ir.uitm.edu.my/id/eprint/100900