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Determinants of the Long-Term Performance of Malaysian Initial Public Offerings

Shari, Wahidah and Abu Hassan, Mohamad Hanif (2024) Determinants of the Long-Term Performance of Malaysian Initial Public Offerings. The International Journal of Banking and Finance, 19 (2). pp. 211-240. ISSN 1675-7227

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Abstract

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

Item Type: Article
Uncontrolled Keywords: Initial public offerings, determinants of long-term performance, Malaysia
Subjects: H Social Sciences > HG Finance
Divisions: UUM Press
Depositing User: Mdm. Sarkina Mat Saad @ Shaari
Date Deposited: 11 Aug 2024 05:10
Last Modified: 11 Aug 2024 05:10
URI: https://repo.uum.edu.my/id/eprint/31245

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