文章基本信息

标题：A Descriptive Analysis of IPOs Post Listing Liquidity in Malaysia
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作者：Amal Mohammed Al-Masawa ; Rasidah Mohd-Rashid ; Hamdan Amer Al-Jaifi 等
期刊名称：International Journal of Financial Research
印刷版ISSN：1923-4023
电子版ISSN：1923-4031
出版年度：2019
卷号：11
期号：1
页码：171-180
DOI：10.5430/ijfr.v11n1p171
出版社：Sciedu Press
摘要：This study provides an overview of the issue of stock market liquidity among initial public offering (IPOs) by investigating the trend liquidity of IPOs for the period beginning 2002 through to 2017. Based on the Thompson Reuters DataStream database which provides data of Amihud's illiquidity measure (ILLIQ) for 304 IPOs Malaysian companies, detailed analysis shows that the corporate governance mechanisms plays an important role in increasing the transparency and disclosure of financial information, then reduces information asymmetries among market participants such as managers, large shareholders and investors, this leads increase stock market liquidity. The results of the study will be useful for firms through enables firms to know what factors are influence their stock market liquidity. Further, this study could have implications on regulating bodies such as Bursa Malaysia to help design regulations that could enhance stock market liquidity. Moreover, this study would provide implications for the investors and traders in terms of helping them on how to formulate their trading strategy..
其他摘要：This study provides an overview of the issue of stock market liquidity among initial public offering (IPOs) by investigating the trend liquidity of IPOs for the period beginning 2002 through to 2017. Based on the Thompson Reuters DataStream database which provides data of Amihud's illiquidity measure (ILLIQ) for 304 IPOs Malaysian companies, detailed analysis shows that the corporate governance mechanisms plays an important role in increasing the transparency and disclosure of financial information, then reduces information asymmetries among market participants such as managers, large shareholders and investors, this leads increase stock market liquidity. The results of the study will be useful for firms through enables firms to know what factors are influence their stock market liquidity. Further, this study could have implications on regulating bodies such as Bursa Malaysia to help design regulations that could enhance stock market liquidity. Moreover, this study would provide implications for the investors and traders in terms of helping them on how to formulate their trading strategy.
关键词：Social accounting; Sustainable development goals; Balanced scorecard; Performance management; Impact measurement