Management Analysis Journal
Vol 7 No 3 (2018): Management Analysis Journal

Underpricing, Institutional Ownership and Liquidity Stock of IPO Companies in Indonesia

Achmad, Immam Nur (Unknown)
Witiastuti, Rini Setyo (Unknown)



Article Info

Publish Date
25 Sep 2018

Abstract

The aim of this study is to explain and describe influence  of underpricing and institutional ownership on the liquidity. Sample of this study is 86 companies which conduct IPO in period 2012-2016. Analitycal technique used is multiple linear analysis. The data used in the form of trading data for 20 days then taken on average and comes form the company’a financial statements obtained from the Indonesia Stock Exchange. The results showed that Underpricing has a significant positive effect on liquidity. Institutional ownership is negatively insignificant to liquidity.

Copyrights © 2018






Journal Info

Abbrev

maj

Publisher

Subject

Decision Sciences, Operations Research & Management

Description

Management Analysis Journal (MAJ) is an open-access electronic journal focusing on scientific work on the field of business. This journal applies the theory developed from business research and connects it to actual business situations. The articles within this journal are published quarterly ...