Initial Returns of Shariah versus Non-Shariah IPOs: Are There Any Differences?
2022-10-08
This study examines a sample of 384 initial public offerings (IPOs) issued and listed on Bursa Malaysia from January 1999 to December 2008. The objectives of this study are to examine the difference in initial returns of Shariah versus non-Shariah IPOs and the factors that explain the initial returns ofContinue Reading