IPO information disclosures such as the strategic uses of IPO proceeds and the time frame to utilize them have the potential to signal the listing companies’ post-IPO survival. We examine the role of the IPO proceeds on 423 companies’ survival in the Malaysian market from 2000 to 2014. Using...

Purpose: This study aims to examine the relation between long-term debt and internationalization in the presence of the agency costs of debt and business risk. Design/methodology/approach: Sample firms consist of 517 non-financial listed firms in Malaysia, with 4,197 firm-year observations from...

Purpose: The purpose of this paper is to examine the impact of Shariah-compliant status on oversubscription of initial public offerings (IPOs) in Malaysia. It is believed that the Shariah-compliant status serves as a platform that sends a credible signal to investors which could possibly...

Purpose: Performance assessment of microfinance institutions (MFIs) has long been a question of considerable research interest. The dual goals – financial performance and social performance of MFIs widely studied yet remain unsolved in the existing literature. To assess the knowledge...

Purpose: The present study investigated the influence of country-level institutional quality on IPO initial return using World Bank Governance indices. Design/methodology/approach: This study analysed 84 IPOs listed on Pakistan Stock Exchange between 2000 and 2017 using cross-sectional data....

Purpose: This paper aimed to explore the effect of a regulatory change pertaining to earnings forecasts disclosure from a mandatory to a voluntary regime on the valuation of Malaysian initial public offerings (IPOs). Design/methodology/approach: The study employed ordinary least square (OLS)...

Purpose: This study aims to investigate the effect of Shariah-compliant status and Shariah regulation on initial public offering (IPO) underpricing in Pakistan. Design/methodology/approach: Besides the ordinary least square’s method, this study used quantile least squares as a robust approach...

This study expounds on the debate regarding dividend payouts for different types of politically tied firms in Malaysia. We recognize the heterogeneity of political ties of politically connected firms (PCFs) by government-linked companies (GLCs) and non-GLC PCFs. The results show that PCFs are...