Advanced search
Publication Cover
Applied Financial Economics Volume 20, 2010 - Issue 22
Submit an article Journal homepage
187
Views
0
CrossRef citations to date
0
Altmetric
Original Articles

Pricing efficiency of stock rights issues in Malaysia

Mohd Edil Abd Sukor Department of Finance and Banking, Faculty of Business and Accountancy, University of Malaya, 50603 Kuala Lumpur, Malaysia
&
Obiyathulla Ismath Bacha Department of Finance and Accounting, INCEIF, The Global University in Islamic Finance, 50350 Kuala Lumpur, MalaysiaCorrespondence[email protected]
Pages 1751-1760 | Published online: 27 Oct 2010

References

  • Ariff , M , Mohamad , S and Annuar , MN . 1998 . Stock Pricing in Malaysia: Corporate Financial and Investment Management , Serdang : Universiti Putra Malaysia Press .
  • Bae , SC and Levy , H . 1994 . The valuation of stock purchase rights as call option . The Financial Review , 29 : 419 – 42 .
  • Burton , BM , Helliar , C and Power , DM . 2004 . The benefits and costs of deeply-discounted rights issues: practitioners viewpoints . Applied Economics Letters , 11 : 369 – 72 .
  • Burton , BM and Power , DM . 2003 . Evidence on the determinants of equity issue method in the UK . Applied Financial Economics , 13 : 145 – 57 .
  • Cai , J . 1998 . The long-run performance following Japanese rights issues . Applied Financial Economics , 8 : 419 – 34 .
  • Chan , HW . 1997 . The effect of volatility estimates in the valuation of underwritten rights issues . Applied Financial Economics , 7 : 473 – 80 .
  • Dubofsky , DA . 1992 . Options and Financial Futures: Valuation and Uses , New York : McGraw-Hill .
  • Galai , D and Schneller , MI . 1978 . Pricing of warrants and the value of the firm . Journal of Finance , 33 : 1333 – 42 .
  • Giguere , G . 1958 . Warrants: a mathematical method of evaluation . The Analyst Journal , 14 : 17 – 25 .
  • Kassouf , ST . 1968 . Warrant price behavior 1945 to 1964 . Financial Analysts Journal , 24 : 123 – 6 .
  • Kmenta , J . 1986 . Elements of Econometrics , New York : Macmillan .
  • MacBeth , JD and Merville , LJ . 1979 . An empirical examination of the Black Scholes call option pricing model . Journal of Finance , 34 : 1173 – 86 .
  • Modigliani , F and Miller , MH . 1958 . The cost of capital, corporation finance, and the theory of investment . American Economic Review , 48 : 261 – 97 .
  • Owen , S and Suchard , J . 2008 . The pricing and impact of rights issues of equity in Australia . Applied Financial Economics , 18 : 1147 – 60 .
  • Poitras , G . 2002 . Short sales restrictions, dilution and the pricing of rights issues on the Singapore stock exchange . Pacific-Basin Finance Journal , 10 : 141 – 62 .
  • Smith , CW . 1977 . Alternative methods for raising share capital: rights versus underwritten offerings . Journal of Financial Economics , 5 : 273 – 307 .
  • Wong , KM and Chong , TT-L . 2008 . A threshold model for the Hong Kong warrant prices . Applied Financial Economics Letters , 4 : 337 – 9 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.