A Profile of Companies Going Private in the Malaysian Stock Market

This paper empirically investigates the financial characteristics that differentiate firms that go private from firms that remain publicly quoted. Using the multiple discriminant analysis, the study finds that operating profit margin, return on equity, cash per share, controlling shareholding, and f...

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Bibliographic Details
Published inThe ICFAI journal of applied finance Vol. 16; no. 3; p. 44
Main Authors Lee, Pei-Ling, Khong, Roy W L, Ramasamy, Suganthi
Format Journal Article
LanguageEnglish
Published Hyderabad IUP Publications 01.03.2010
Subjects
Discriminant analysis
Float
Going private
LBO
Leveraged buyouts
Private equity
Return on equity
Stock exchanges
Studies
Voting rights
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Summary:This paper empirically investigates the financial characteristics that differentiate firms that go private from firms that remain publicly quoted. Using the multiple discriminant analysis, the study finds that operating profit margin, return on equity, cash per share, controlling shareholding, and free float are the significant predictors of the likelihood of a firm going private. [PUBLICATION ABSTRACT]
ISSN:0972-5105