National University of Malaysia, Malaysia
Othman Yong is currently Professor of Investments at the Graduate School of Business, Universiti Kebangsaan Malaysia (National University of Malaysia). He received his bachelor’s degree in Statistics from California State University in 1981, his MBA from Missouri State University in 1983, and his doctorate in Finance from Mississippi State University in 1987. He is the former Chief Editor of Jurnal Pengurusan (a Scopus-indexed journal in Business), and a reviewer for international journals such as Journal of Banking and Finance (JBF), Pacific-Basin Finance Journal (PBFJ), Asian Academy of Management Journal of Accounting and Finance (AAMJAF), International Journal of Islamic and Middle Eastern Finance and Management, and Gadjah Mada (GAMA) International Journal of Business and Investments. His current research interest is in the area of Initial Public Offerings (IPOs). His work on IPOs appears in journals such as Applied Economics, Pacific-Basin Finance Journal, Emerging Markets Review, Economics System, Journal of Islamic Accounting and Business Research (JIABR), Asian Academy of Management Journal of Accounting and Finance, and International Journal of Managerial Finance. To-date, he has authored, co-authored and edited more than 30 books, mostly in the area of Finance and Investments.
Speech Title: Initial Public Offerings (IPOs) Puzzle: Under-pricing of IPOs in Asia
Abstract: This paper presents an interesting issue in finance that deals with the initial public offerings (IPOs). Specifically, it examines a phenomenon referred to as the IPO puzzle (or specifically the underpricing of IPOs puzzle). The paper also looks at the recent status of IPO research in Asia, especially studies that look at the underpricing phenomenon. This interest stems from the increasing attention that some of the Asian countries have, due to their higher levels of underpricing in comparison to other developed markets in the West. Finally, the paper examines the factors that may explain the high levels of underpricing in Asian IPOs.
Dr. Alexander Wollenberg
St. George's University, Grenada
Dr. Alexander Wollenberg obtained his PhD from National University of Singapore in 2011 specialising in innovation-based productivity growth of high-tech companies in emerging economies and a Master of Arts in International Relations from Waseda University in Tokyo, Japan, focusing on technology transfer of Japanese companies in East Asia. In addition to being a member of the Editorial Advisory Board of IGI Global Publishing and the technical committee of International Economics Development and Research Center, Alexander has held various appointments in academia and consultancy in Singapore, Indonesia, Colombia, México, the Middle East and the West Indies. He is also co-founder of a Singaporean start-up focused on smart-home solutions. His research interests include regional economic integration and effects on value chains, as well as the new economy in emerging markets.