Intended use of IPO proceeds and initial returns

Purpose This study aims to investigate the effects of the intended use of initial public offerings (IPO) proceeds that is disclosed in the prospectus on IPO initial returns. Design/methodology/approach A sample of IPOs listed on Bursa Malaysia from 2005 to 2015 is used. The intended use of IPO proce...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Journal of financial reporting & accounting 2021-05, Vol.19 (2), p.184-210
Hauptverfasser:	Ahmad-Zaluki, Nurwati A, Badru, Bazeet Olayemi
Format:	Artikel
Sprache:	eng
Schlagworte:	Asymmetry Capital expenditures Cash flow forecasting Disclosure Initial public offerings Investors R&D Research & development Volatility Working capital
Online-Zugang:	Volltext
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