IIJSE
Vol 8 No 2 (2025): Sharia Economics

The Influence of Revenue Growth Rate and Initial Public Offering on Stock Price Estimation

Prastyatini, Sri Lestari Yuli (Unknown)
Resita, Dini (Unknown)



Article Info

Publish Date
31 May 2025

Abstract

This study examines the impact of Revenue Growth Rate and Initial Public Offering (IPO) on the projected stock prices of e-commerce companies listed on the Indonesia Stock Exchange between 2020 and 2023. Utilizing a quantitative approach, the research employs multiple linear regression analysis on secondary data from 30 e-commerce firms. The findings indicate that both Revenue Growth Rate and IPO have significant and positive effects on estimated stock prices, with a strong correlation between revenue growth and stock prices. While a sample size of 30 firms may seem adequate, the study could benefit from exploring the representativeness of this sample concerning the broader e-commerce industry, as a small sample size may introduce bias. Comparative analysis with similar markets, such as Southeast Asia, could provide additional context. Furthermore, it is essential to conduct further examination of the long-term effects of IPOs on stock prices, including price behavior in the 6 months to one year following the IPO, to yield deeper insights. These findings are expected to offer guidance for investors and stakeholders in making informed investment decisions within the e-commerce sector.

Copyrights © 2025






Journal Info

Abbrev

iijse

Publisher

Subject

Economics, Econometrics & Finance

Description

The Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) is Sharia Economics Journal published by Sharia Economics Department Institut Pesantren KH. Abdul Chalim, Mojokerto. The Journal focuses on the issues of Sharia Economics, the History of Islamic Economic Thought, Islamic Law, Local ...