What’s Went Wrong With Mesdaq Market?

Wan Mansor Mahmood and Sharifah Nurhidayu Syed Tazhili

MPRA Paper from University Library of Munich, Germany

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.

Keywords: MESDAQ market; technology based firms; high growth companies (search for similar items in EconPapers)
JEL-codes: G18 (search for similar items in EconPapers)
Date: 2008-03-20
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:14603

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