Pre-ipo characteristics and post-ipo operating performance in Malaysia / Catherine S F Ho and Raja Aerol Shariza Raja Amir Hamzah
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 pe...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Institute of Business Excellent (IBE)
2011
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| Online Access: | https://ir.uitm.edu.my/id/eprint/883/ |
| _version_ | 1848802422906945536 |
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| author | S F Ho, Catherine Raja Amir Hamzah, Raja Aerol Shariza |
| author_facet | S F Ho, Catherine Raja Amir Hamzah, Raja Aerol Shariza |
| author_sort | S F Ho, Catherine |
| building | UiTM Institutional Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-14T21:23:06Z |
| format | Article |
| id | uitm-883 |
| institution | Universiti Teknologi MARA |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T21:23:06Z |
| publishDate | 2011 |
| publisher | Institute of Business Excellent (IBE) |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | uitm-8832019-04-30T07:30:30Z https://ir.uitm.edu.my/id/eprint/883/ Pre-ipo characteristics and post-ipo operating performance in Malaysia / Catherine S F Ho and Raja Aerol Shariza Raja Amir Hamzah bmqr S F Ho, Catherine Raja Amir Hamzah, Raja Aerol Shariza HB Economic Theory. Demography HD Industries. Land use. Labor 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. Institute of Business Excellent (IBE) 2011 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/883/1/AJ_CATHERINE%20S%20F%20HO%20BMQR%20SA%2011.pdf 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. (2011) Business and Management Quarterly Review (BMQR) <https://ir.uitm.edu.my/view/publication/Business_and_Management_Quarterly_Review_=28BMQR=29.html>, 2 (1). pp. 54-64. ISSN 2180-2777 http://www.bmqruitm.com/ |
| spellingShingle | HB Economic Theory. Demography HD Industries. Land use. Labor S F Ho, Catherine Raja Amir Hamzah, Raja Aerol Shariza Pre-ipo characteristics and post-ipo operating performance in Malaysia / Catherine S F Ho and Raja Aerol Shariza Raja Amir Hamzah |
| title | Pre-ipo characteristics and post-ipo operating performance in Malaysia / Catherine S F Ho and Raja Aerol Shariza Raja Amir Hamzah |
| title_full | Pre-ipo characteristics and post-ipo operating performance in Malaysia / Catherine S F Ho and Raja Aerol Shariza Raja Amir Hamzah |
| title_fullStr | Pre-ipo characteristics and post-ipo operating performance in Malaysia / Catherine S F Ho and Raja Aerol Shariza Raja Amir Hamzah |
| title_full_unstemmed | Pre-ipo characteristics and post-ipo operating performance in Malaysia / Catherine S F Ho and Raja Aerol Shariza Raja Amir Hamzah |
| title_short | Pre-ipo characteristics and post-ipo operating performance in Malaysia / Catherine S F Ho and Raja Aerol Shariza Raja Amir Hamzah |
| title_sort | pre-ipo characteristics and post-ipo operating performance in malaysia / catherine s f ho and raja aerol shariza raja amir hamzah |
| topic | HB Economic Theory. Demography HD Industries. Land use. Labor |
| url | https://ir.uitm.edu.my/id/eprint/883/ https://ir.uitm.edu.my/id/eprint/883/ |