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

作者: Chin Hong Puah , Fennee Chong

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摘要: This paper analyses the short-run as well long-run relationship of IPO volume, initial returns and economic conditions Malaysian market. The ARDL bounds testing approach was used to examine these variables. Empirical results showed that both have significant relationships with volume. Moreover, two variables are also found Granger- cause volume in short-run.

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