In the context of Malaysian companies’ survival, the potential role of intended use of proceeds as an influential factor remains unfamiliar. This study examines the link between the intended use of IPO proceeds and the survival of 423 Malaysian listed companies over the period of 2000–2014. This study distinguishes the use of IPO proceeds into three segregations: growth opportunities, debt repayment, and working capital. Employing the Accelerated Failure Time (AFT) survival model, the overall evidence shows a statistically significant effect of the intended use of IPO proceeds for growth opportunities and debt repayment on companies’ post-IPO survival. Furthermore, company survival was found to be consistently improved when they allocated less than 50% of their IPO proceeds, regardless of the purposes (growth, repay debt or general). These results highlight the importance of the intended use of IPO proceeds on the survival of newly listed companies, and provide insights for policymakers on the management of IPO proceeds for long-term survival.

This research investigates the explanatory factors governing the dividend payout to shareholders of blue-chip companies listed on Bursa Malaysia. In spite of continuous attention offered by empirical research on dividend payout of publicly-listed companies, paradoxically only few studies exclusively examined the explanatory factors from the perspective of blue-chip companies. Recognizing the capability of bluechip companies to serve as a stalwart indicator of stock market condition as well as a consistent income source to shareholders, more research should be carried out for better inference on the companies' dividend payout decision. This research is using 522 observations from a sample of 18 Malaysian blue-chip companies over a 29-year period (1990 to 2019) and utilizes a panel data regression analysis for the estimation of the impact of eight factors, namely, systematic risk, leverage, free cash flow, lagged dividends, market-to-book value, profit growth, total asset turnover, and company size. Measuring dividend payout using two specifications (dividend/earnings and dividend/total assets), this research reveals that systematic risk and free cash flow have a significant and negative impact on dividend payout. Meanwhile, past year dividends, market-to-book value, profit growth, total asset turnover and company size have a significant and positive impact on dividend payout.

This study investigates the impact of IPO proceeds utilization disclosure on the survival of 423 Malaysian listed firms from 2000 to 2014. Following the declining trajectory of total listed businesses with active status in the Malaysian market since 2006, this research evaluates the role of IPO proceeds, i.e., the percentage of IPO proceeds and time frame of the application on the post-IPO survival of Malaysian listed companies. By applying Kaplan-Meier (K-M) survival analysis model, this study discovered that 69.03% of companies survive within three years, 59.81% sustain in five years, and 53.18% survive within seven years after their Initial Public Offering (IPO). Further studies show that companies should be able to allocate their IPO proceeds equally to each classification (growth potential, debt repayment, and working capital) for increased survivability and a longer median survival period. Companies with a longer time frame (more than 24 months) utilizing development potential and debt repayment have better survivability and a longer median survival time. In contrast, companies that have used working capital for fewer than 24 months have higher survivability and a longer median survival duration.

This study aims to examine the survivability of IPO companies in the Malaysian market. The importance of this study goes consistent with Bursa Malaysia's initiatives in establishing the Practice Notes and Guidance Notes frameworks in elongating the survivability of IPO companies. Responding to the urge, this study examines the survival rate of 527 IPO companies listed in Bursa Malaysia from January 2000 to December 2014 (to observe companies' survival until early August 2021) using the Kaplan-Meier (K-M) survival analysis model. This study reports the survival rate of IPO companies in Malaysia to be at 62.81 percent after five years of listing and 56.91 percent after seven years of listing. Past studies have reported a higher survival rate of IPO companies in the Malaysian market. However, the survival rate of IPO companies should vary according to the definition a study adopts in segregating between surviving and non-surviving companies. Further investigation of the K-M log-rank test shows that the survival rate of companies differs according to their listing years, sectors and markets. Comparison between the survival rate of the Main Market and ACE Market reveals that over the seven years post-IPO, companies listed in the Main Market have a 7.55 percent higher survival rate than companies listed in the ACE Market over the seven years of the observation period. As such, it is suggestable that future researchers further examine the contributable factors for IPO companies to survive longer post-IPO using other survival analysis methods (semi-parametric or parametric).

The escalation of complexity and multidimensional (internal and external) factors bring companies to a position where risk management should be of main concern. Enterprise Risk Management (ERM) adoption and the extent of ERM implementation is seen as a guaranteeing element to increase the value of the companies over the long term due to adequate risk awareness and risk management strategies in all relevant business functions. This study examines the extent of ERM implementation on the initial performance of companies in the Malaysian IPO market. Testing a sample of 105 Malaysian IPOs issued from January 2012 to December 2020 using a linear regression model, ERM sophistication is positively and significantly related to the initial performance of Malaysian IPOs, offering support to the proposition in this study. Equally important is the reciprocal of offer price, subscription ratio, and market condition, which are also significant factors in companies’ post-IPO performance. This study benefits the market regulators and investors on the importance of ERM sophistication to companies’ initial performance.