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المؤلفBadru, Bazeet O.
المؤلفZaluki, Nurwati A. Ahmad
المؤلفHussin, Wan Nordin Wan
تاريخ الإتاحة2018-10-21T07:05:01Z
تاريخ النشر2016-03
اسم المنشورStudies in Business and economic
الاقتباسBadru, Bazeet O. Zaluki, Nurwati A. Ahmad. Hussin, Wan Nordin Wan. ANTICIPATED AND ACTUAL USE OF CAPITAL RAISED IN MALAYSIAN IPO MARKET, Studies in Business and economic, (2016), VOL19, NO1, Qatar University, 34-49.
الرقم المعياري الدولي للكتاب1818-1228
معرّف المصادر الموحدhttp://hdl.handle.net/10576/11140
الملخصThis study investigates the anticipated and the actual use of capital raised from initial public offering (IPO) in Malaysia. The descriptive analysis shows that companies anticipate the use of capital mainly for growth opportunities (47%), working capital (27%), debt repayment (12%) and listing expenses (13%). Further analysis indicates that 54% of IPO companies have dedicated more than 50% of the amount of capital raised for growth opportunities. Very few companies planned to use the capital raised for research and development (R&D) and marketing activities. The regression results also confirm that the anticipated use of capital for R&D and marketing have no significant relationship with total amount of capital raised. In addition, a content analysis of the chairmen’s statements and the section dedicated for actual use of capital raised in the annual reports reveal that majorly 73 out of 121 companies’ exhibit changes in the anticipated use of capital raised. Therefore, this study concludes that relevant parties in the IPO process (e.g., regulators, issuers, financial intermediaries and investors) should pay close attention to the anticipated and actual use of capital raised.
اللغةen
الناشرQatar University
الموضوعAnticipated use,
actual use
growth opportunities
working capital
debt repayment
IPO proceeds
العنوانANTICIPATED AND ACTUAL USE OF CAPITAL RAISED IN MALAYSIAN IPO MARKET
النوعArticle
الصفحات34-49
رقم العدد1
رقم المجلد19
dc.accessType Open Access


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عرض بسيط للتسجيلة