wagner_niklas@gsb.stanford.eduhttp://www.iporesources.org/iporefs/129.187.106.130Tue Apr 19 04:31:15 EST 2005oy@pkrisc.cc.ukm.myInitial performance of new issues of shares in Malaysia2003Applied Economics35919-930Othman Yongoy@pkrisc.cc.ukm.myUniversiti Kebangsaan MalaysiaZaidiIsazaidiisa@pkrisc.cc.ukm.myUniversiti Kebangsaan MalaysiaUsing data on Malaysian IPOs from January 1990 to December 1998, we find that there are significant differences in mean initial returns between types of issue and between boards of listing. Only over-subscription ratio consistently explains the level of initial returns in all types of new issues.http://www.iporesources.org//iporefs/202.185.50.59Wed Jun 29 19:53:00 EST 2005oy@pkrisc.cc.ukm.myInitial and long-run performance of new issues on the Malaysian stock market2001May/JuneCorporate Finance5628-41YongOthmanoy@pkrisc.cc.ukm.myUniversiti Kebangsaan MalaysiaPuanYatimpuan@pkrisc.cc.ukm.myUniversiti Kebangsaan MalaysiaRos Zam ZamSapianzamzam@pkrisc.cc.ukm.myUniversiti Kebangsaan Malaysia Using Malaysian IPO data from January 1991 to December 1995, we find that initial returns are higher than longer-term returns, and the higher the over-subscription ratio the higher is the initial return.http://www.iporesources.org//iporefs/202.185.50.59email=oy@pkrisc.cc.ukm.myWed Jun 29 20:07:59 EST 2005