THE FACTORS THAT INFLUENCE INITIAL RETURNS IN INITIAL PUBLIC OFFERING OF INDONESIA STOCK EXCHANGES

Ridwan Maronrong, Ridwan Maronrong and Irvan Noormansyah, Irvan Noormansyah THE FACTORS THAT INFLUENCE INITIAL RETURNS IN INITIAL PUBLIC OFFERING OF INDONESIA STOCK EXCHANGES. International CONFERENCE ON BUSINESS, Economics and Social Sciences,ICBESS. ISSN 978-979-9022-11-0

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Abstract

THE FACTORS THAT INFLUENCE INITIAL RETURNS IN INITIAL PUBLIC OFFERING OF INDONESIA STOCK EXCHANGES Ridwan Maronrong Sekolah Tinggi Ilmu Ekonomi Indonesia, Jakarta Irvan Noormansyah Sekolah Tinggi Ilmu Ekonomi Indonesia, Jakarta Abstract The purpose of this study is to determine the effects of liquidity on the secondary market, the number of stocks sold by the insiders, proceeds from the IPO (initial public offering), firm age, firm size, underwriter reputation, debt, stock risks, market returns and market risks to the IPO initial returns on the Indonesia Stock Exchange. The samples used in this study are 53 initial public offerings of manufacturing companies. Regression results revealed that liquidity, proceeds from IPO, firm size, stock risk, and market returns significantly affect the IPO initial returns. Keywords: initial public offering, initial returns, company characteristics, asymmetric information.

Item Type:	Article
Subjects:	Z Bibliography. Library Science. Information Resources > ZA Information resources > ZA4450 Databases
Divisions:	S1 Manajemen
Depositing User:	Bynur Ghazali
Date Deposited:	14 Dec 2020 08:09
Last Modified:	14 Dec 2020 08:09
URI:	http://repository.stei.ac.id/id/eprint/2330

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