Pre-ipo characteristics and post-ipo operating performance in Malaysia / Catherine S F Ho and Raja Aerol Shariza Raja Amir Hamzah

S F Ho, Catherine and Raja Amir Hamzah, Raja Aerol Shariza (2011) Pre-ipo characteristics and post-ipo operating performance in Malaysia / Catherine S F Ho and Raja Aerol Shariza Raja Amir Hamzah. Business Management Quarterly Review, 2 (1). pp. 54-64.

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Abstract

The performance of Initial Public Offerings (IPO) has been investigated in numerous studies but little attention has been paid to shed more light on the factors that influence the success of these IPOs. This paper investigates the relation between pre-IPO characteristics and post-IPO operating performances. The objective of this study is to identify the determinants of post IPO operating performance. The pre-IPO factors include pre-IPO profitability, dilution of ownership, age and size of firm. The post-IPO operating performances include: return on asset, return on sales and asset turnover. Using newly public-listed companies on the Main Board of Bursa Malaysia from 2000 to 2004, findings confirmed that pre-IPO profitability and firm size are the key predictors of post-IPO performance. The results obtained provide useful information and caution for prospective investors in new issues.

Item Type: Article
Creators:
CreatorsEmail
S F Ho, CatherineUNSPECIFIED
Raja Amir Hamzah, Raja Aerol SharizaUNSPECIFIED
Subjects: H Social Sciences > HB Economic Theory. Demography
H Social Sciences > HD Industries. Land use. Labor
Divisions: Institute of Business Excellence (IBE)
Journal or Publication Title: Business Management Quarterly Review
Volume: 2
Number: 1
Page Range: pp. 54-64
Item ID: 883
Uncontrolled Keywords: Pre-IPO Characteristics, post-IPO operating performance, Malaysia
Last Modified: 30 Apr 2019 07:30
Depositing User: Staf Pendigitalan 1
URI: http://ir.uitm.edu.my/id/eprint/883

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