TECHNOBIZ : International Journal of Business
VOL 6, NO 1 (2023) : APRIL

THE EFFECT OF FINANCIAL, NON-FINANCIAL INFORMATION, AND ECONOMIC CONDITION ON THE LEVEL PRIME SHARE MISPRICING

Albert Nanda Saputra (Lampung University)
Tri Joko Prasetyo (Lampung University)
Dewi Sukmasari (Lampung University)



Article Info

Publish Date
31 May 2023

Abstract

Amid the recovery in world economic conditions due to the Covid-19 pandemic, companies are trying to make various efforts to obtain additional capital for the company's sustainability; where one of these efforts is by conducting an Initial Public Offering. A phenomenon occurs when a company conducts an IPO, namely initial public offering mispricing, which can be detrimental to investors and the company, so research is needed on what factors can influence initial public offering mispricing. This study aims to see whether profitability, leverage, percentage of public shares, the purpose of using IPO funds, inflation, and economic growth affect the level of initial public offering mispricing. This study's secondary data is obtained from prospectus reports for IPO companies on the Indonesia Stock Exchange (IDX) for 2010-2021. The analysis technique used in this study is descriptive statistics, classical assumption testing, and multiple linear regression, with the analytical tool used as SPSS 26. The results show that profitability, leverage, percentage of public shares, and inflation significantly affect the level of initial public offering mispricing. At the same time, the purpose of using IPO funds and economic growth had little effect on the level of initial public offering mispricing.

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Journal Info

Abbrev

technobiz

Publisher

Subject

Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

TECHNOBIZ : International Journal of Business merupakan jurnal yang memuat artikel dan kajian ilmiah dalam bidang ekonomi dan bisnis secara umum seperti ekonomi publik dan moneter, ekonomi keuangan daerah, ekonomi lingkungan, manajemen keuangan, manajemen pemasaran, manajemen bisnis, manajemen ...