Exploring intellectual capital disclosure as a mediator for the relationship between IPO firm-specific characteristics and underpricing

• Published in: Journal of intellectual capital Vol. 16; no. 3; pp. 639 - 660
• Main Authors: Too, Shaw Warn, Wan Yusoff, Wan Fadzilah
• Format: Journal Article
• Language: English
• Published: Bradford Emerald Group Publishing Limited 13.07.2015
• Subjects: Accounting; Annual reports; Asymmetry; Boards; Concentrates; Content analysis; Cost engineering; Decision making; Design engineering; Disclosure; Empirical analysis; Going public; Hypotheses; Information & knowledge management; Initial public offerings; Intangible assets; Intellectual capital; Knowledge economy; Knowledge management; Mediators; Performance indices; Prospecti; Valuation; Malaysia; Intellectual capital; Underpricing; IPO; Malaysia; Mediator; Disclosure

Purpose – The purpose of this paper is to examine the direct and indirect impact of firm-specific characteristics on the level of underpricing among Malaysian initial public offerings (IPOs). Design/methodology/approach – Content analysis of IPO prospectuses was used for 331 firms underwent listing...