Understanding undervalued vs. non-undervalued stocks from the firm characteristics perspective: the case of Malaysia
From the perspective of firm characteristics, this study explores the determinants of the performance of undervalued stocks compared with that of non-undervalued stocks over a ten-year period (2006–2015). The performance of these stocks is significantly and positively affected by operating cash flow...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Inderscience Enterprises Ltd.
2024
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| Subjects: | |
| Online Access: | http://umpir.ump.edu.my/id/eprint/43264/ http://umpir.ump.edu.my/id/eprint/43264/1/Ting%20et%20al.%20%282024%29_IJBEX.pdf |
| _version_ | 1848826830134444032 |
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| author | Ting, Irene Wei Kiong Noor Azlinna, Azizan Singh, Premjit Kweh, Qian Long |
| author_facet | Ting, Irene Wei Kiong Noor Azlinna, Azizan Singh, Premjit Kweh, Qian Long |
| author_sort | Ting, Irene Wei Kiong |
| building | UMP Institutional Repository |
| collection | Online Access |
| description | From the perspective of firm characteristics, this study explores the determinants of the performance of undervalued stocks compared with that of non-undervalued stocks over a ten-year period (2006–2015). The performance of these stocks is significantly and positively affected by operating cash flow, and firm performance decreases along with increasing debt. In this case, both undervalued and non-undervalued tasks should monitor the level of their leverage. These results provide a novel understanding of undervalued stocks and help investors identify firm characteristics that can improve stock performance. These results may also guide firm managers in aligning undervalued or non-undervalued stocks with the characteristics of their firms. The new perspectives offered by this study on the other determinants of stock performance can also benefit future scholars in this field. |
| first_indexed | 2025-11-15T03:51:03Z |
| format | Article |
| id | ump-43264 |
| institution | Universiti Malaysia Pahang |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T03:51:03Z |
| publishDate | 2024 |
| publisher | Inderscience Enterprises Ltd. |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | ump-432642025-01-06T02:50:40Z http://umpir.ump.edu.my/id/eprint/43264/ Understanding undervalued vs. non-undervalued stocks from the firm characteristics perspective: the case of Malaysia Ting, Irene Wei Kiong Noor Azlinna, Azizan Singh, Premjit Kweh, Qian Long HG Finance From the perspective of firm characteristics, this study explores the determinants of the performance of undervalued stocks compared with that of non-undervalued stocks over a ten-year period (2006–2015). The performance of these stocks is significantly and positively affected by operating cash flow, and firm performance decreases along with increasing debt. In this case, both undervalued and non-undervalued tasks should monitor the level of their leverage. These results provide a novel understanding of undervalued stocks and help investors identify firm characteristics that can improve stock performance. These results may also guide firm managers in aligning undervalued or non-undervalued stocks with the characteristics of their firms. The new perspectives offered by this study on the other determinants of stock performance can also benefit future scholars in this field. Inderscience Enterprises Ltd. 2024 Article PeerReviewed pdf en http://umpir.ump.edu.my/id/eprint/43264/1/Ting%20et%20al.%20%282024%29_IJBEX.pdf Ting, Irene Wei Kiong and Noor Azlinna, Azizan and Singh, Premjit and Kweh, Qian Long (2024) Understanding undervalued vs. non-undervalued stocks from the firm characteristics perspective: the case of Malaysia. International Journal of Business Excellence (IJBEX), 33 (3). pp. 372-392. ISSN 1756-0055. (Published) https://doi.org/10.1504/IJBEX.2024.140343 10.1504/IJBEX.2024.140343 |
| spellingShingle | HG Finance Ting, Irene Wei Kiong Noor Azlinna, Azizan Singh, Premjit Kweh, Qian Long Understanding undervalued vs. non-undervalued stocks from the firm characteristics perspective: the case of Malaysia |
| title | Understanding undervalued vs. non-undervalued stocks from the firm characteristics perspective: the case of Malaysia |
| title_full | Understanding undervalued vs. non-undervalued stocks from the firm characteristics perspective: the case of Malaysia |
| title_fullStr | Understanding undervalued vs. non-undervalued stocks from the firm characteristics perspective: the case of Malaysia |
| title_full_unstemmed | Understanding undervalued vs. non-undervalued stocks from the firm characteristics perspective: the case of Malaysia |
| title_short | Understanding undervalued vs. non-undervalued stocks from the firm characteristics perspective: the case of Malaysia |
| title_sort | understanding undervalued vs. non-undervalued stocks from the firm characteristics perspective: the case of malaysia |
| topic | HG Finance |
| url | http://umpir.ump.edu.my/id/eprint/43264/ http://umpir.ump.edu.my/id/eprint/43264/ http://umpir.ump.edu.my/id/eprint/43264/ http://umpir.ump.edu.my/id/eprint/43264/1/Ting%20et%20al.%20%282024%29_IJBEX.pdf |