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Equity private placements: The Malaysian experience 1999 - 2007


Nordin, Norhafiza and Taufil Mohd, Kamarun Nisham (2010) Equity private placements: The Malaysian experience 1999 - 2007. In: International Conference on Business and Economic Research (ICBER 2010), 15-16 March 2010, Hilton Hotel, Kuching Sarawak.

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Abstract

This study offers evidence concerning the announcement effect of equity private placements by examining the stock market reaction to the announcements made by Malaysian firms for the period 1999 to 2007.This study is motivated by empirical findings that unlike public placements, private placements are associated with positive announcement effect.Two prominent hypotheses used to explain the positive market responses are information and monitoring hypotheses.However, inconsistent with previous studies, we find zero announcement effect for Malaysian market.The result suggests that equity private placement in Malaysia does not convey positive signal as it does in other countries.

Item Type: Conference or Workshop Item (Paper)
Additional Information: ISBN PROCEEDING: 978-967-5705-00-7
Uncontrolled Keywords: Private placements; Announcement effect
Subjects: H Social Sciences > HG Finance
Divisions: School of Economics, Finance & Banking
Depositing User: Mrs. Norhafiza Nordin
Date Deposited: 25 Sep 2013 00:52
Last Modified: 25 Apr 2016 08:34
URI: http://repo.uum.edu.my/id/eprint/9100

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