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What’s Went Wrong With Mesdaq Market?

Author

Listed:
  • Wan Mahmood, Wan Mansor
  • Syed Tazhili, Sharifah Nurhidayu

Abstract

What’s wrong with companies listed in the MESDAQ market as more and more is leaving for more established counter of the main board of Bursa Malaysia. There is the general perception that companies listed in the MESDAQ Market lack in quality – low prices. This study looks at the problem of MESDAQ by analyzing various criteria such as stock returns and the number of press release by the SC in relation with the civil suit cases due to financial fraud of the companies listed under the MESDAQ Market. The results show that the return for MESDAQ Market index is lower than that of the Main Board index. The results also show more companies in the MESDAQ Market fail do not follow the rules and procedures of the Security Commission.

Suggested Citation

  • Wan Mahmood, Wan Mansor & Syed Tazhili, Sharifah Nurhidayu, 2008. "What’s Went Wrong With Mesdaq Market?," MPRA Paper 14603, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:14603
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    File URL: https://mpra.ub.uni-muenchen.de/14603/1/MPRA_paper_14603.pdf
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    References listed on IDEAS

    as
    1. Fatemi, Ali & Desai, Anand S. & Katz, Jeffrey P., 2003. "Wealth creation and managerial pay: MVA and EVA as determinants of executive compensation," Global Finance Journal, Elsevier, vol. 14(2), pages 159-179, July.
    2. Fiordelisi, Franco, 2007. "Shareholder value efficiency in European banking," Journal of Banking & Finance, Elsevier, vol. 31(7), pages 2151-2171, July.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    MESDAQ market; technology based firms; high growth companies;

    JEL classification:

    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation

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