IJSRP, Volume 9, Issue 2, February 2019 Edition [ISSN 2250-3153]
Nashirah Abu Bakar, Sofian Rosbi
The objective of this study is to develop robust statistical method in evaluating long term performance of companies that issued initial public offerings. Data of monthly return are derived from Thomson Reuters Datastream. The companies selected in this study are 16 companies that listed on Malaysia Stock Exchange issuing initial public offerings in year of 2014 and 2015. These 16 companies are categorized as sharia-compliant companies.