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DETERMINANTS OF THE LONG-TERM PERFORMANCE OF MALAYSIAN INITIAL PUBLIC OFFERINGS.
- Source :
- International Journal of Banking & Finance (IJBF); Jul2024, Vol. 19 Issue 2, p211-240, 30p
- Publication Year :
- 2024
-
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. [ABSTRACT FROM AUTHOR]
- Subjects :
- GOING public (Securities)
MARKET volatility
INVESTORS
REGRESSION analysis
Subjects
Details
- Language :
- English
- ISSN :
- 28113799
- Volume :
- 19
- Issue :
- 2
- Database :
- Complementary Index
- Journal :
- International Journal of Banking & Finance (IJBF)
- Publication Type :
- Academic Journal
- Accession number :
- 178665847
- Full Text :
- https://doi.org/10.32890/ijbf2024.19.2.4