Wan Mahmood, Wan Mansor and Syed Tazhili, Sharifah Nurhidayu (2008): What’s Went Wrong With Mesdaq Market?
Download (123kB) | Preview
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.
|Item Type:||MPRA Paper|
|Original Title:||What’s Went Wrong With Mesdaq Market?|
|Keywords:||MESDAQ market, technology based firms, high growth companies|
|Subjects:||G - Financial Economics > G1 - General Financial Markets > G18 - Government Policy and Regulation|
|Depositing User:||WANMANSOR WANMAHMOOD|
|Date Deposited:||13. Apr 2009 04:57|
|Last Modified:||17. Feb 2014 16:14|
Bang, N.J., and B. J. Jang (2004). The linkage between the US and Korean stock market: the case of NASDAQ, KOSDAQ and semiconductor stocks. Research in international Business and Finance, 18: 319 – 340
Gilbert, C. (1998) MESDAQ: The making of Malaysia’s Technology stock exchange working paper. Financial Management.
Omar, T. (2007), Over 50% new PLCs fail to meet forecast, The Edge.
Shireen, M.R. (2006), Revised entry requirements for the MESDAQ market, The Quarterly Bulletin of the SIDC, Security Commision
The Star (2007, June 27). The MESDAQ and turnaround.
The New Strait Time (2007 July 2). More leaving MESDAQ for Main Board.