Jurnal Manajemen Maranatha
Vol 9 No 2 (2010)

Underpricing Emisi Saham Perdana: Suatu Tinjauan Kritis

Muniya Alteza (Unknown)

Article Info

Publish Date
17 Mar 2015

Abstract

A firm needs enough capital to push up its growth. There are many sources of fund, such as retained earnings, debt and equity. The firm should choose one which can maximize the value of the firm, identical with minimize the weighted average cost of capital. To use equity as its funding, the first step must be taken by the firm is offering stock in the primary market, this called Initial Public Offering. A commin phenomena happened in the IPOs in underpricing. This paper first tried to review the definition and process of IPOs and also explore many theories to explain underpricing. Last, it will review some empirical evidence from many researches.Keywords: IPO, underpricing, asymmetric information, aftermarket liquidity, market climate, signaling, underwritter

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Journal Info
Jurnal Manajemen Maranatha
Website

Abbrev

jmm

Publisher

Universitas Kristen Maranatha

Subject

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

Description

Focus and scope of Jurnal Manajemen Maranatha areas include marketing management, financial management, human resource management, operation management, and entrepreneurship. JMM accepts articles in the form of quantitative and qualitative research results, conceptual studies, and various other ...