Comparison of performance United Kingdom and Malaysia initial public offerings: 2002 - 2006 / Hamdan Mohd Tahir

Mohd Tahir, Hamdan (2007) Comparison of performance United Kingdom and Malaysia initial public offerings: 2002 - 2006 / Hamdan Mohd Tahir. [Student Project] (Unpublished)

Download

[thumbnail of 34209.pdf] Text
34209.pdf

Download (174kB)

Abstract

This study focus on the long term performance of initial public offerings in Malaysia and United Kingdom for 5 years or 60 periods from 2002-2006. This paper will analyze on 284 IPOs companies that listed in 60 periods of London Stock Exchange and 321 Initial Public Offerings (IPOs) companies that listed in Bursa Malaysia Stock Exchange. London Stock Exchange and Bursa Malaysia Composite Index were used as a benchmark in evaluating share price performance. The objective of this study is to determine the long term performance of IPOs. This is in order to find out whether the United Kingdom and Malaysian IPOs are under performed or over performed in the market long run. To accomplish this task, improved methods for tests of long-run abnormal stock returns introduced which is Buy-and-Hold Abnormal Return by Lyon, Barber and Tsai (1999) has been used to determine the long run performance of IPOs. This study also used t-statistics skewness-adjusted to see the significant of the IPOs. The result show that the performance of returns on all IPOs companies has no significant to the returns on the market for each period either in United Kingdom or Malaysia. So, I conclude that all IPOs companies do not under performed the market and its comparable to the market benchmark.

Metadata

Item Type: Student Project
Creators:
Creators
Email
Mohd Tahir, Hamdan
2005655663
Contributors:
Contribution
Name
Email / ID Num.
Thesis advisor
Fahrulrazi, Kamal
-
Thesis advisor
Muhamad Shukor, Jaafar
-
Subjects: H Social Sciences > HG Finance > Investment, capital formation, speculation
H Social Sciences > HG Finance > Investment, capital formation, speculation > Foreign investments. Country risk
H Social Sciences > HG Finance > Investment, capital formation, speculation > Stock exchanges. Insider trading in securities
Divisions: Universiti Teknologi MARA, Johor > Segamat Campus > Faculty of Business and Management
Programme: Bachelor of Business Administrations (Finance)
Item ID: 34209
Uncontrolled Keywords: Initial public offering; Stock exchange; Bursa; UiTM Cawangan Johor
URI: https://ir.uitm.edu.my/id/eprint/34209

Fulltext

Fulltext is available at:
  • Bilik Penyelidikan dan Harta Intelek | PTDI | Segamat
  • ID Number

    34209

    Indexing


    View in Google Scholar

    Edit Item
    Edit Item