Determinants of the Long-Term Performance of Malaysian Initial Public Offerings
This study examined the determinants of the long-term performance of 351 initial public offerings (IPOs) launched in Malaysia over the 2002–2010 period. This paper used a panel regression analysis framework based on the ordinary least squares (OLS) technique to examine the potential determinants of...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Universiti Utara Malaysia Press
2024
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/31245/1/IJBF%2019%2002%202024%20211-240.pdf https://doi.org/10.32890/ijbf2024.19.2.4 https://repo.uum.edu.my/id/eprint/31245/ https://e-journal.uum.edu.my/index.php/ijbf/article/view/20046 https://doi.org/10.32890/ijbf2024.19.2.4 |
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| Institution: | Universiti Utara Malaysia |
| Language: | English |
| Summary: | This study examined the determinants of the long-term performance of 351 initial public offerings (IPOs) launched in Malaysia over the 2002–2010 period. This paper used a panel regression analysis framework based on the ordinary least squares (OLS) technique to examine the potential determinants of IPOs’ long-term performance. The findings revealed that the volatility of aftermarket returns, the dummy ACE market and concentration ownership significantly influence the long-term performance of Malaysian IPOs. This paper offers important implications specifically for investors as the findings can help them understand more about public companies’ long-term performance and how to better predict their performance |
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