{"title":"马来西亚新上市公司的代表性启发和后市场动态","authors":"Fennee Chong","doi":"10.51200/lbibf.v9i.1342","DOIUrl":null,"url":null,"abstract":"This paper investigates the influences of representative heuristics and ex-ante factors on the immediate aftermarket dynamics of new issues. The two immediate aftermarket dynamics covered in this study are opening-day-spread and flipping activities. A total of 177 new issue samples listed on the Main Board of Bursa Malaysia (formerly known as Kuala Lumpur Stock Exchange) from 1991 to 2008 are used in this study. Results support a positive significant influence of representative heuristics on opening-day-spread. On the other hand, a negative relationship was reported between representative heuristics and flipping activities. Among the ex-ante variables included in the model, market condition was found to have predictive power over immediate aftermarket dynamics.","PeriodicalId":163324,"journal":{"name":"Labuan Bulletin of International Business and Finance (LBIBF)","volume":"42 2 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2014-04-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"11","resultStr":"{\"title\":\"REPRESENTATIVE HEURISTICS AND THE AFTERMARKET DYNAMIC OF THE NEW LISTINGS IN MALAYSIA\",\"authors\":\"Fennee Chong\",\"doi\":\"10.51200/lbibf.v9i.1342\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This paper investigates the influences of representative heuristics and ex-ante factors on the immediate aftermarket dynamics of new issues. The two immediate aftermarket dynamics covered in this study are opening-day-spread and flipping activities. A total of 177 new issue samples listed on the Main Board of Bursa Malaysia (formerly known as Kuala Lumpur Stock Exchange) from 1991 to 2008 are used in this study. Results support a positive significant influence of representative heuristics on opening-day-spread. On the other hand, a negative relationship was reported between representative heuristics and flipping activities. Among the ex-ante variables included in the model, market condition was found to have predictive power over immediate aftermarket dynamics.\",\"PeriodicalId\":163324,\"journal\":{\"name\":\"Labuan Bulletin of International Business and Finance (LBIBF)\",\"volume\":\"42 2 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2014-04-16\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"11\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Labuan Bulletin of International Business and Finance (LBIBF)\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.51200/lbibf.v9i.1342\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Labuan Bulletin of International Business and Finance (LBIBF)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.51200/lbibf.v9i.1342","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
REPRESENTATIVE HEURISTICS AND THE AFTERMARKET DYNAMIC OF THE NEW LISTINGS IN MALAYSIA
This paper investigates the influences of representative heuristics and ex-ante factors on the immediate aftermarket dynamics of new issues. The two immediate aftermarket dynamics covered in this study are opening-day-spread and flipping activities. A total of 177 new issue samples listed on the Main Board of Bursa Malaysia (formerly known as Kuala Lumpur Stock Exchange) from 1991 to 2008 are used in this study. Results support a positive significant influence of representative heuristics on opening-day-spread. On the other hand, a negative relationship was reported between representative heuristics and flipping activities. Among the ex-ante variables included in the model, market condition was found to have predictive power over immediate aftermarket dynamics.
求助内容：
应助结果提醒方式：
京公网安备 11010802042870号
