Malaysian Mesdaq Venture Capital Firms: Signaling Variables Of Firm Value

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dc.contributor.authorHAJI HARUN, AHMAD NAJIB
dc.date.accessioned2016-08-02T01:02:01Z
dc.date.available2016-08-02T01:02:01Z
dc.date.issued2004
dc.description.abstractThis empirical research investigates eleven factors or variables that provide signaling power of the firm's performance using data of 37 firms listed on Malaysian MESDAQ market. The data used for the purpose of this study are extracted from the companies' . prospectuses prior to initial public offering (IPO). The explanatory variables chosen as the independent variables are number of patents, number of R&D members, number of alliances, annual revenue, debt-equity ratio, cash inflow-sales ratio, profit margin, underpr.ic ing, owner's interest, Venture Capital/non-Venture Capital, and Information Technology/non-Information Technology. The dependent variable to measure firm value is the market capitalization. A univariate and multiple regressions analysis were used to explain the relationship of the variables. The univariate regression results showed that underpricing and annual revenue are positively related to the firm's value. While the multiple regression analysis indicates that level of underpricing, annual revenue and number of patents are positively related to firm's value. The implications of this finding are that firms should underprice the issue price when going public, ensure high relative, stream of reveniIes and be aggresstve in innovation and to get the product patented.en_US
dc.identifier.urihttp://hdl.handle.net/123456789/2316
dc.subjectMalaysian Mesdaq Venture Capital Firmsen_US
dc.subjectSignaling Variables Of Firm Valueen_US
dc.titleMalaysian Mesdaq Venture Capital Firms: Signaling Variables Of Firm Valueen_US
dc.typeThesisen_US
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