Matches in SemOpenAlex for { <https://semopenalex.org/work/W2786047441> ?p ?o ?g. }
- W2786047441 abstract "Purpose The purpose of this paper is to bridge the gap between the theory underlying divergence of opinion (DOP) and a cognitive concept termed as attention by specifically focussing on the volume and price behaviour in initial public offering (IPO) settings. Design/methodology/approach Employing the hierarchical regression for a sample of 282 Malaysian fixed price IPOs issued from 2004 to 2014, this research investigated the effect of investors’ attention on other information that complements the information revealed by initial return on DOP. Measure of market adjusted turnover (AbTO) from non-IPO setting was used to capture the DOP in the after-market, while investors’ attention was on a dichotomise scale variable which was captured by the increase/decrease of the Google search index (GOGC2) on the month of listing compared to a month prior to listing. Findings The findings indicate that attention moderates the relationship between initial return (also surrogates underpriced IPOs) and DOP. The findings suggest that disagreement to initial returns is reduced, while liquidity in the after-market is promoted, when investors pay more attention to other information that complements price change. The findings also indicate that behavioural tendency is less when individual participation is weak. Research limitations/implications This paper highlights the importance of interaction effects in explaining the behavioural tendency in the after-market. Practical implications The weak individual investors’ participation and greater attention reduce the market inefficiency in Malaysia. Originality/value The finding is consistent with the view that the level of individual investors’ participation and information disclosure requirements has an implication on behavioural bias, which affects DOP in the after-market." @default.
- W2786047441 created "2018-02-23" @default.
- W2786047441 creator A5012465027 @default.
- W2786047441 creator A5053742199 @default.
- W2786047441 creator A5075287843 @default.
- W2786047441 date "2018-03-12" @default.
- W2786047441 modified "2023-09-26" @default.
- W2786047441 title "Divergence of opinion and moderating effect of investors’ attentions in IPO market" @default.
- W2786047441 cites W1586028325 @default.
- W2786047441 cites W1601251511 @default.
- W2786047441 cites W1964113819 @default.
- W2786047441 cites W1966835149 @default.
- W2786047441 cites W1967342757 @default.
- W2786047441 cites W1976913929 @default.
- W2786047441 cites W1982704247 @default.
- W2786047441 cites W1987483370 @default.
- W2786047441 cites W1992497633 @default.
- W2786047441 cites W1993981983 @default.
- W2786047441 cites W1996179164 @default.
- W2786047441 cites W2011263548 @default.
- W2786047441 cites W2012334063 @default.
- W2786047441 cites W2019712056 @default.
- W2786047441 cites W2031796872 @default.
- W2786047441 cites W2035782089 @default.
- W2786047441 cites W2037270550 @default.
- W2786047441 cites W2037494347 @default.
- W2786047441 cites W2049472561 @default.
- W2786047441 cites W2052581111 @default.
- W2786047441 cites W2060376457 @default.
- W2786047441 cites W2061589719 @default.
- W2786047441 cites W2073488258 @default.
- W2786047441 cites W2091957067 @default.
- W2786047441 cites W2092222549 @default.
- W2786047441 cites W2094392844 @default.
- W2786047441 cites W2096156237 @default.
- W2786047441 cites W2103455162 @default.
- W2786047441 cites W2113443463 @default.
- W2786047441 cites W2115573838 @default.
- W2786047441 cites W2121606993 @default.
- W2786047441 cites W2123362488 @default.
- W2786047441 cites W2125884277 @default.
- W2786047441 cites W2128965010 @default.
- W2786047441 cites W2146575850 @default.
- W2786047441 cites W2147070481 @default.
- W2786047441 cites W2157323155 @default.
- W2786047441 cites W2160275010 @default.
- W2786047441 cites W3122136669 @default.
- W2786047441 cites W3122573236 @default.
- W2786047441 cites W3122843332 @default.
- W2786047441 cites W3123103903 @default.
- W2786047441 cites W3123150828 @default.
- W2786047441 cites W3123897291 @default.
- W2786047441 cites W3124655772 @default.
- W2786047441 cites W3125120201 @default.
- W2786047441 cites W3125190508 @default.
- W2786047441 cites W3125261872 @default.
- W2786047441 cites W3125728782 @default.
- W2786047441 cites W3125831525 @default.
- W2786047441 cites W3125906371 @default.
- W2786047441 cites W3125968772 @default.
- W2786047441 cites W4238146024 @default.
- W2786047441 cites W4301958211 @default.
- W2786047441 doi "https://doi.org/10.1108/rbf-09-2016-0055" @default.
- W2786047441 hasPublicationYear "2018" @default.
- W2786047441 type Work @default.
- W2786047441 sameAs 2786047441 @default.
- W2786047441 citedByCount "6" @default.
- W2786047441 countsByYear W27860474412019 @default.
- W2786047441 countsByYear W27860474412020 @default.
- W2786047441 countsByYear W27860474412021 @default.
- W2786047441 countsByYear W27860474412023 @default.
- W2786047441 crossrefType "journal-article" @default.
- W2786047441 hasAuthorship W2786047441A5012465027 @default.
- W2786047441 hasAuthorship W2786047441A5053742199 @default.
- W2786047441 hasAuthorship W2786047441A5075287843 @default.
- W2786047441 hasConcept C10138342 @default.
- W2786047441 hasConcept C106159729 @default.
- W2786047441 hasConcept C119857082 @default.
- W2786047441 hasConcept C12559387 @default.
- W2786047441 hasConcept C138885662 @default.
- W2786047441 hasConcept C144133560 @default.
- W2786047441 hasConcept C149782125 @default.
- W2786047441 hasConcept C162118730 @default.
- W2786047441 hasConcept C162324750 @default.
- W2786047441 hasConcept C175444787 @default.
- W2786047441 hasConcept C183582576 @default.
- W2786047441 hasConcept C207390915 @default.
- W2786047441 hasConcept C2776291640 @default.
- W2786047441 hasConcept C2778869765 @default.
- W2786047441 hasConcept C2779820595 @default.
- W2786047441 hasConcept C41008148 @default.
- W2786047441 hasConcept C41895202 @default.
- W2786047441 hasConcept C556758197 @default.
- W2786047441 hasConceptScore W2786047441C10138342 @default.
- W2786047441 hasConceptScore W2786047441C106159729 @default.
- W2786047441 hasConceptScore W2786047441C119857082 @default.
- W2786047441 hasConceptScore W2786047441C12559387 @default.
- W2786047441 hasConceptScore W2786047441C138885662 @default.
- W2786047441 hasConceptScore W2786047441C144133560 @default.
- W2786047441 hasConceptScore W2786047441C149782125 @default.