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All Journal CAPITAL: JURNAL EKONOMI DAN MANAJEMEN
Rollis Ayu Ditasari
Program Studi Manajemen, Fakultas Ekonomi Dan Bisnis, Universitas PGRI Madiun
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

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STOCK UNDERPRICING FACTORS AFFECT IN INDONESIA FIRM: EVIDENCE ON INITIAL PUBLIC OFFERING ON 2017-2021 Rollis Ayu Ditasari; Sendy Dwi Haryanto
CAPITAL: Jurnal Ekonomi dan Manajemen Vol. 7 No. 2 (2024)
Publisher : UNIVERSITAS PGRI MADIUN

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25273/capital.v7i2.19128

Abstract

Abstract: This research aims to analyze the influence of underwriter reputation, financial leverage, proceeds, and firm age on initial IPO returns. In this research, IPO objectives are categorized into company growth opportunities, debt repayment, and increasing investors' working capital. This research sample consists of companies listed on the Indonesia Stock Exchange during the 2017-2021 period. The analytical tool used in this research is SPSS 25. The research results show that financial leverage has a significant effect on the underpricing of initial shares, while the underwriter; Income and company age do not have a significant effect on Initial Share Underpricing. This research contributes to better understanding the dynamics that occur in the IPO market, that volatility and market dynamics cause changes in the company's position on the stock market. These results are expected to provide valuable insights for investors, policy makers and market players.
Co-Authors Sendy Dwi Haryanto