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Giriati Giriati
Faculty of Economics and Business, Universitas Tanjungpura, Indonesia

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THE UNDERPRICING PHENOMENON IN INITIAL PUBLIC OFFERINGS (IPOS) THROUGH FINANCIAL PERFORMANCE AS A MODERATING VARIABLE IN COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE Steven Steven; Syahbandi Syahbandi; Helma Malini; Giriati Giriati; Karsim Karsim
Jurnal Ekonomi Vol. 12 No. 04 (2023): Jurnal Ekonomi, 2023
Publisher : SEAN Institute

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Abstract

This study examines the phenomenon of underpricing in the stock market from 2020 to 2022, focusing on companies conducting initial public offerings (IPOs). When the IPO price is lower than the secondary market price, the stock price rises following the IPO. The study's goal is to investigate the factors that influence IPO underpricing as well as the function of financial performance as a moderator in the relationship between these factors and underpricing. Ownership structure, company size, and financial leverage are the independent variables. The study's findings show that ownership structure and financial leverage have a significant impact on underpricing, although firm size has little effect. Furthermore, while financial performance can mitigate the impact of ownership structure and financial leverage on underpricing, it does not affect the impact of firm size on underpricing. This research provides insights into the factors contributing to underpricing in IPOs and identifies financial performance as a potential solution to mitigate the effects of these factors. This information can be beneficial for companies and investors in making investment decisions in the stock market.
INVESTMENT COMMUNITY, LOVE OF MONEY, AND DEMOGRAPHIC FACTOR ON THE INTEREST OF INVESTING IN CAPITAL MARKET OF GEN Z IN WEST KALIMANTAN Pheterson Davit Vernando; Syahbandi Syahbandi; Helma Malini; Giriati Giriati; Pramana Saputra
Jurnal Ekonomi Vol. 12 No. 04 (2023): Jurnal Ekonomi, 2023
Publisher : SEAN Institute

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Abstract

Currently, there is a significant demand from Gen Z for specialized learning from social media influencers, especially in the field of investment. These investment classes indirectly form communities within them. Besides the existence of communities, Gen Z individuals must also instil the concept of a love for money within themselves. Due to their young age, Gen Z individuals find it challenging to set aside their money. However, a substantial amount of capital is not necessary for investment purposes, especially in the capital market. This research aims to determine how investment communities, the love of money, and financial literacy influence on the investment interest in the Capital Market of Gen Z in West Kalimantan. The addition of the minimum investment capital variable as a mediating variable is to understand its influence on the three independent variables. The research used the Likert Scale to assess perceptions, views, and attitudes through questionnaires. The results from 209 respondents indicate that investment communities and demographic factors positively and significantly influence investment interest. The love of money variable shows non-significant results on investment interest. The mediating variable of minimum investment capital indicates that it does not directly affect the three independent variables.