| dc.contributor.author | Nurhayati | |
| dc.contributor.author | Maulidia, Yeni | |
| dc.contributor.author | Gumanti, Tatang Ary | |
| dc.date.accessioned | 2015-11-30T06:56:38Z | |
| dc.date.available | 2015-11-30T06:56:38Z | |
| dc.date.issued | 2015-11-30 | |
| dc.identifier.uri | http://repository.unej.ac.id/handle/123456789/65104 | |
| dc.description | Journal of Economics, Business and Management, Vol. 3, No. 8, August 2015 | en_US |
| dc.description.abstract | The purpose of this study is twofold. First, it examines the degree of underpricing in Indonesian initial public offering (IPO). Second, it examinesthe determinants of
underpricing by focusing on three non-financial information, namely underwriter reputation, use of proceeds, and number of risk factors. Those three non-financial information serve as a signal concerning the quality of an IPO. A sample of 63 firms
making IPO in Indonesian stock market from 2007 to 2012 is examined. The results show that Indonesian IPO firms on average are underpriced. Underwriter reputation has negative and significant relationship with the level of underpricing.
Number of risk factorsis negatively related tothe degree of underpricing. | en_US |
| dc.language.iso | id | en_US |
| dc.subject | Underpricing | en_US |
| dc.title | Determinants of Underpricing in Indonesian Stock Market | en_US |
| dc.type | Article | en_US |
