ANALYSIS OF FACTORS THAT INFLUENCE UNDERPRICING IN TNNONNSIA STOCK EXCHANGE AFTER INITIAL PUBLIC OFFERING: EMPIRICAL STUDY OF GO PUBLIC COMPANIES IN 2OO5 - 2OII
The objective of this research is to examine these following variables: age of the firm, company size, offering size and underwriter reputation on initial return share at initial public offering. During initial public offering, the share price tends to be lower at initial public offerings compared t...
| Glavni autori: | , |
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| Format: | Disertacija |
| Izdano: |
[Yogyakarta] : Universitas Gadjah Mada
2013
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| Teme: |
| _version_ | 1826047418609696768 |
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| author | , Abrar Rahman Raharjo , Prof. Dr. Jogiyanto HM., MBA |
| author_facet | , Abrar Rahman Raharjo , Prof. Dr. Jogiyanto HM., MBA |
| author_sort | , Abrar Rahman Raharjo |
| collection | UGM |
| description | The objective of this research is to examine these following variables: age
of the firm, company size, offering size and underwriter reputation on initial
return share at initial public offering. During initial public offering, the share price
tends to be lower at initial public offerings compared to when it is commercialized
in secondary market. Such phenomenon is called underpricing.
There are 123 IPO companies listed on the Indonesia Stock Exchange
during 2005-2011. Sample is taken by using purposive sampling with criteria as
underpriced stocks. Data are analyzed using multiple regressions to test the
relation between initial return and the age of the firm, company size, offering size,
and underwriter reputation.
According to result of the study, regression analysis shows that
underwriter reputation is found to be negatively related to the level of
underpricing. However for the other variables was found to have no significant
influence on the level of underpricing of IPOs in the Indonesia Stock Exchange. |
| first_indexed | 2024-03-13T23:10:34Z |
| format | Thesis |
| id | oai:generic.eprints.org:125408 |
| institution | Universiti Gadjah Mada |
| last_indexed | 2024-03-13T23:10:34Z |
| publishDate | 2013 |
| publisher | [Yogyakarta] : Universitas Gadjah Mada |
| record_format | dspace |
| spelling | oai:generic.eprints.org:1254082016-03-04T08:25:21Z https://repository.ugm.ac.id/125408/ ANALYSIS OF FACTORS THAT INFLUENCE UNDERPRICING IN TNNONNSIA STOCK EXCHANGE AFTER INITIAL PUBLIC OFFERING: EMPIRICAL STUDY OF GO PUBLIC COMPANIES IN 2OO5 - 2OII , Abrar Rahman Raharjo , Prof. Dr. Jogiyanto HM., MBA ETD The objective of this research is to examine these following variables: age of the firm, company size, offering size and underwriter reputation on initial return share at initial public offering. During initial public offering, the share price tends to be lower at initial public offerings compared to when it is commercialized in secondary market. Such phenomenon is called underpricing. There are 123 IPO companies listed on the Indonesia Stock Exchange during 2005-2011. Sample is taken by using purposive sampling with criteria as underpriced stocks. Data are analyzed using multiple regressions to test the relation between initial return and the age of the firm, company size, offering size, and underwriter reputation. According to result of the study, regression analysis shows that underwriter reputation is found to be negatively related to the level of underpricing. However for the other variables was found to have no significant influence on the level of underpricing of IPOs in the Indonesia Stock Exchange. [Yogyakarta] : Universitas Gadjah Mada 2013 Thesis NonPeerReviewed , Abrar Rahman Raharjo and , Prof. Dr. Jogiyanto HM., MBA (2013) ANALYSIS OF FACTORS THAT INFLUENCE UNDERPRICING IN TNNONNSIA STOCK EXCHANGE AFTER INITIAL PUBLIC OFFERING: EMPIRICAL STUDY OF GO PUBLIC COMPANIES IN 2OO5 - 2OII. UNSPECIFIED thesis, UNSPECIFIED. http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=65576 |
| spellingShingle | ETD , Abrar Rahman Raharjo , Prof. Dr. Jogiyanto HM., MBA ANALYSIS OF FACTORS THAT INFLUENCE UNDERPRICING IN TNNONNSIA STOCK EXCHANGE AFTER INITIAL PUBLIC OFFERING: EMPIRICAL STUDY OF GO PUBLIC COMPANIES IN 2OO5 - 2OII |
| title | ANALYSIS OF FACTORS THAT INFLUENCE
UNDERPRICING IN TNNONNSIA STOCK EXCHANGE
AFTER INITIAL PUBLIC OFFERING:
EMPIRICAL STUDY OF GO PUBLIC
COMPANIES IN 2OO5 - 2OII |
| title_full | ANALYSIS OF FACTORS THAT INFLUENCE
UNDERPRICING IN TNNONNSIA STOCK EXCHANGE
AFTER INITIAL PUBLIC OFFERING:
EMPIRICAL STUDY OF GO PUBLIC
COMPANIES IN 2OO5 - 2OII |
| title_fullStr | ANALYSIS OF FACTORS THAT INFLUENCE
UNDERPRICING IN TNNONNSIA STOCK EXCHANGE
AFTER INITIAL PUBLIC OFFERING:
EMPIRICAL STUDY OF GO PUBLIC
COMPANIES IN 2OO5 - 2OII |
| title_full_unstemmed | ANALYSIS OF FACTORS THAT INFLUENCE
UNDERPRICING IN TNNONNSIA STOCK EXCHANGE
AFTER INITIAL PUBLIC OFFERING:
EMPIRICAL STUDY OF GO PUBLIC
COMPANIES IN 2OO5 - 2OII |
| title_short | ANALYSIS OF FACTORS THAT INFLUENCE
UNDERPRICING IN TNNONNSIA STOCK EXCHANGE
AFTER INITIAL PUBLIC OFFERING:
EMPIRICAL STUDY OF GO PUBLIC
COMPANIES IN 2OO5 - 2OII |
| title_sort | analysis of factors that influence underpricing in tnnonnsia stock exchange after initial public offering empirical study of go public companies in 2oo5 2oii |
| topic | ETD |
| work_keys_str_mv | AT abrarrahmanraharjo analysisoffactorsthatinfluenceunderpricingintnnonnsiastockexchangeafterinitialpublicofferingempiricalstudyofgopubliccompaniesin2oo52oii AT profdrjogiyantohmmba analysisoffactorsthatinfluenceunderpricingintnnonnsiastockexchangeafterinitialpublicofferingempiricalstudyofgopubliccompaniesin2oo52oii |