{"id":"https://openalex.org/W2804835693","doi":"https://doi.org/10.1108/arj-09-2016-0122","title":"Impact of disclosure of risk factors on the initial returns of initial public offerings (IPOs)","display_name":"Impact of disclosure of risk factors on the initial returns of initial public offerings (IPOs)","publication_year":2018,"publication_date":"2018-05-08","ids":{"openalex":"https://openalex.org/W2804835693","doi":"https://doi.org/10.1108/arj-09-2016-0122","mag":"2804835693"},"language":"en","primary_location":{"id":"doi:10.1108/arj-09-2016-0122","doi":"https://doi.org/10.1108/arj-09-2016-0122","is_oa":false,"landing_page_url":"https://doi.org/10.1108/arj-09-2016-0122","pdf_url":null,"source":{"id":"https://openalex.org/S98234996","display_name":"Accounting Research Journal","issn_l":"1030-9616","issn":["1030-9616","1839-5465"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-2"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Accounting Research Journal","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5023427866","display_name":"Shaista Wasiuzzaman","orcid":"https://orcid.org/0000-0002-0244-2174","observed_orcids":["https://orcid.org/0000-0002-0244-2174"]},"institutions":[{"id":"https://openalex.org/I173029219","display_name":"Multimedia University","ror":"https://ror.org/04zrbnc33","country_code":"MY","type":"education","lineage":["https://openalex.org/I173029219"]}],"countries":["MY"],"is_corresponding":false,"raw_author_name":"Shaista Wasiuzzaman","raw_affiliation_strings":["Faculty of Management, Multimedia University, Cyberjaya, Malaysia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Faculty of Management, Multimedia University, Cyberjaya, Malaysia","institution_ids":["https://openalex.org/I173029219"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5087101043","display_name":"Fook Lye Kevin Yong","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I173029219","display_name":"Multimedia University","ror":"https://ror.org/04zrbnc33","country_code":"MY","type":"education","lineage":["https://openalex.org/I173029219"]}],"countries":["MY"],"is_corresponding":false,"raw_author_name":"Fook Lye Kevin Yong","raw_affiliation_strings":["Graduate School of Management, Multimedia University, Cyberjaya, Malaysia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Graduate School of Management, Multimedia University, Cyberjaya, Malaysia","institution_ids":["https://openalex.org/I173029219"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5027172748","display_name":"Sheela Sundarasen","orcid":"https://orcid.org/0000-0002-0453-5489","observed_orcids":["https://orcid.org/0000-0002-0453-5489"]},"institutions":[{"id":"https://openalex.org/I142024983","display_name":"Prince Sultan University","ror":"https://ror.org/053mqrf26","country_code":"SA","type":"education","lineage":["https://openalex.org/I142024983"]}],"countries":["SA"],"is_corresponding":false,"raw_author_name":"Sheela Devi D. Sundarasen","raw_affiliation_strings":["Accounting Department, College of Business Administration, Prince Sultan University, Riyadh, Saudi Arabia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Accounting Department, College of Business Administration, Prince Sultan University, Riyadh, Saudi Arabia","institution_ids":["https://openalex.org/I142024983"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5042478660","display_name":"Noor Shahaliza Othman","orcid":"https://orcid.org/0000-0002-0743-8377","observed_orcids":["https://orcid.org/0000-0002-0743-8377"]},"institutions":[{"id":"https://openalex.org/I173029219","display_name":"Multimedia University","ror":"https://ror.org/04zrbnc33","country_code":"MY","type":"education","lineage":["https://openalex.org/I173029219"]}],"countries":["MY"],"is_corresponding":false,"raw_author_name":"Noor Shahaliza Othman","raw_affiliation_strings":["Faculty of Management, Multimedia University, Cyberjaya, Malaysia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Faculty of Management, Multimedia University, Cyberjaya, Malaysia","institution_ids":["https://openalex.org/I173029219"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":6.6787,"has_fulltext":false,"cited_by_count":28,"citation_normalized_percentile":{"value":0.9593141,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":91,"max":98},"biblio":{"volume":"31","issue":"1","first_page":"46","last_page":"62"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.9121000170707703,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.9121000170707703,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.04390000179409981,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.01810000091791153,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/initial-public-offerings","display_name":"initial public offerings","score":0.9660000205039978},{"id":"https://openalex.org/keywords/ipo-underpricing","display_name":"IPO underpricing","score":0.8019999861717224},{"id":"https://openalex.org/keywords/risk-factor-disclosure","display_name":"risk factor disclosure","score":0.6909999847412109},{"id":"https://openalex.org/keywords/prospectus","display_name":"prospectus","score":0.8339999914169312},{"id":"https://openalex.org/keywords/investment-risk","display_name":"investment risk","score":0.828000009059906},{"id":"https://openalex.org/keywords/internal-risk-factors","display_name":"internal risk","score":0.972000002861023},{"id":"https://openalex.org/keywords/external-risks","display_name":"external risks","score":1.0},{"id":"https://openalex.org/keywords/malaysian-ipos","display_name":"Malaysian IPOs","score":0.7390000224113464}],"concepts":[{"id":"https://openalex.org/C2780916735","wikidata":"https://www.wikidata.org/wiki/Q669584","display_name":"Prospectus","level":2,"score":0.9612754583358765},{"id":"https://openalex.org/C12559387","wikidata":"https://www.wikidata.org/wiki/Q185142","display_name":"Initial public offering","level":2,"score":0.9300318360328674},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5841025114059448},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.5161601305007935},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.4587959945201874},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.38196292519569397},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.26727908849716187},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1108/arj-09-2016-0122","doi":"https://doi.org/10.1108/arj-09-2016-0122","is_oa":false,"landing_page_url":"https://doi.org/10.1108/arj-09-2016-0122","pdf_url":null,"source":{"id":"https://openalex.org/S98234996","display_name":"Accounting Research Journal","issn_l":"1030-9616","issn":["1030-9616","1839-5465"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-2"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Accounting Research Journal","raw_type":"journal-article"},{"id":"pmh:oai:shdl.mmu.edu.my:7300","doi":null,"is_oa":false,"landing_page_url":"https://shdl.mmu.edu.my/7300/1/55.pdf","pdf_url":"https://shdl.mmu.edu.my/7300/1/55.pdf","source":{"id":"https://openalex.org/S4377196753","display_name":"Siti Hasmah Digital Library-MMU Institutiona Repository (Multimedia University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I173029219","host_organization_name":"Multimedia University","host_organization_lineage":["https://openalex.org/I173029219"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"Article"},{"id":"pmh:oai:RePEc:eme:arj000:arj-09-2016-0122","doi":null,"is_oa":false,"landing_page_url":"https://www.emerald.com/insight/content/doi/10.1108/ARJ-09-2016-0122.html?utm_source=repec&utm_medium=feed&utm_campaign=repec","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:RePEc:eme:arjpps:arj-09-2016-0122","doi":null,"is_oa":false,"landing_page_url":"https://www.emerald.com/insight/content/doi/10.1108/ARJ-09-2016-0122/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":42,"referenced_works":["https://openalex.org/W121316440","https://openalex.org/W1705469324","https://openalex.org/W1967778795","https://openalex.org/W1969632991","https://openalex.org/W1986192712","https://openalex.org/W1989010215","https://openalex.org/W1992871403","https://openalex.org/W1996205941","https://openalex.org/W2002975514","https://openalex.org/W2008536021","https://openalex.org/W2016256006","https://openalex.org/W2017888521","https://openalex.org/W2025472840","https://openalex.org/W2035932329","https://openalex.org/W2066942310","https://openalex.org/W2073488258","https://openalex.org/W2079673831","https://openalex.org/W2087865081","https://openalex.org/W2101695317","https://openalex.org/W2103591541","https://openalex.org/W2124092784","https://openalex.org/W2136000353","https://openalex.org/W2147005732","https://openalex.org/W2154127363","https://openalex.org/W2155092054","https://openalex.org/W2162250294","https://openalex.org/W2165055178","https://openalex.org/W2170906088","https://openalex.org/W2171678127","https://openalex.org/W2314809393","https://openalex.org/W2480417457","https://openalex.org/W2768401008","https://openalex.org/W3015634246","https://openalex.org/W3121368557","https://openalex.org/W3121467893","https://openalex.org/W3121981292","https://openalex.org/W3122865358","https://openalex.org/W3123459178","https://openalex.org/W3124175736","https://openalex.org/W3124750317","https://openalex.org/W3125887933","https://openalex.org/W4249113798"],"related_works":["https://openalex.org/W4285710462","https://openalex.org/W2269597596","https://openalex.org/W7132826211","https://openalex.org/W2982920407","https://openalex.org/W2358572303","https://openalex.org/W2787311113","https://openalex.org/W3005837144","https://openalex.org/W4403005354","https://openalex.org/W3084371756","https://openalex.org/W4253068840"],"abstract_inverted_index":{"Purpose":[0],"When":[1],"a":[2,67,124],"firm":[3],"goes":[4],"public":[5,60],"for":[6,17],"the":[7,25,33,38,55,120,128,133,154],"first":[8],"time,":[9],"its":[10,222],"prospectus":[11],"serves":[12],"as":[13],"an":[14],"important":[15],"reference":[16],"investors.":[18],"It":[19],"is":[20,45,82,89,140,164,186],"required":[21],"by":[22],"regulation":[23],"that":[24,160,188],"risk":[26,52,96,101,106,110,138,163,223],"factors":[27,53,224],"which":[28,218],"have":[29],"significant":[30,145,166,197],"influence":[31],"on":[32],"business":[34],"be":[35,143,226],"disclosed":[36],"in":[37,146,167,176,198],"prospectus.":[39],"The":[40,173],"purpose":[41],"of":[42,50,58,69,105,119,135,157,190,204,216,221],"this":[43,177],"study":[44,178],"to":[46,79,91,142,210,228],"analyze":[47],"how":[48],"disclosure":[49,134,139],"these":[51],"influences":[54],"initial":[56,59,93,130,148,170,231],"returns":[57,94,131],"offerings":[61,74],"(IPOs).":[62],"Design/methodology/approach":[63],"To":[64],"do":[65],"this,":[66],"sample":[68],"96":[70],"Malaysian":[71],"new":[72],"equity":[73],"(IPOs)":[75],"from":[76,99],"year":[77,80],"2009":[78],"2013":[81],"used.":[83],"Ordinary":[84],"least":[85],"squares":[86],"regression":[87,121],"technique":[88],"used":[90],"regress":[92],"against":[95],"disclosures.":[97],"Aside":[98],"overall":[100],"disclosure,":[102],"individual":[103,155],"dimensions":[104],"(internal":[107],"risk,":[108],"external":[109,193],"and":[111,132,192],"investment":[112,162,211],"risk)":[113],"are":[114,179,195,213],"also":[115],"considered.":[116],"Findings":[117],"Results":[118],"analyses":[122],"reveal":[123],"direct":[125],"relationship":[126],"between":[127],"IPO":[129,169],"risk.":[136],"Overall":[137],"found":[141,175],"highly":[144,165],"influencing":[147,168,199],"returns.":[149,171,232],"However,":[150],"further":[151],"investigation":[152],"into":[153],"group":[156],"risks":[158,194,212],"shows":[159],"only":[161],"Originality/value":[172],"results":[174],"interesting":[180],"as,":[181],"unlike":[182],"prior":[183],"studies,":[184],"it":[185],"shown":[187],"disclosures":[189,208],"internal":[191],"not":[196],"investors\u2019":[200],"actions":[201],"possibly":[202],"because":[203],"their":[205],"generalizability,":[206],"whereas":[207],"related":[209],"significant.":[214],"Equity":[215],"firms":[217],"disclose":[219],"more":[220],"can":[225],"expected":[227],"generate":[229],"higher":[230]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":6},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":4},{"year":2022,"cited_by_count":5},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":4},{"year":2019,"cited_by_count":2}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2018-06-01T00:00:00"}