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003			OSt
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008			180419b ||||| |||| 00| 0 eng d
100			_aSundarasen, Sheela Devi _931233
245			_aSignalling Roles of Prestigious Auditors and Underwriters in an Emerging IPO Market
300			_a48–68 P.
520			_aThis study examines the signalling roles of auditors’ and underwriters’ reputation and its interacted effects on the initial public offering (IPO) initial returns before, during and after the Global Financial Crisis in an emerging market. Cross-sectional data comprising of 228 IPOs from the Malaysian Stock Exchange (Bursa Malaysia) is used for the period 2005–2012. The ordinary least square method using multiple linear regressions is used to test the hypotheses. The findings indicate that both auditors’ and underwriters’ reputation plays a significant role in reducing asymmetric information and signals firm value to the potential investors. Auditors’ reputation documents a positive relationship, whilst the underwriters’ reputation indicates a negative relationship. The interacted signalling variables indicate that underwriters’ reputation plays a dominant role in assisting potential investors in their investment decision-making.
653			_aAuditors
653			_aunderwriters
653			_aIPO
653			_ainitial returns
653			_asignalling hypothesis
653			_aasymmetric information
700			_aKhan, Afzal _931234
700			_aRajangam, Nakiran _931235
773	0		_029349 _970278 _aBANIK, ARINDAM _dNEW DELHI SAGE PUBLISHING PVT. LTD. _o5558623 _tGLOBAL BUSINESS REVIEW _x0972-1509
942			_2ddc _cJA-ARTICLE