Academic literature on the topic 'Level of underpricing'

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Journal articles on the topic "Level of underpricing"

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Hadi Cahyadi, Novellia Dwijaya,. "Faktor-Faktor yang Mempengaruhi Tingkat Underpricing: Studi Empiris Perusahaan Keluarga IPO di BEI." Jurnal Ekonomi 26, no. 11 (2022): 337–94. http://dx.doi.org/10.24912/je.v26i11.783.

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This study aims to examine and analyze whether there is a partial or simultaneous influence between firm size, underwriter reputation, firm age, financial leverage, and capital market conditions on the level of underpricing. The population in this study is a family company that has conducted an IPO and has been listed on the Indonesia Stock Exchange for the 2016-2021 period. The method in this research is purposive sampling and the research object used is 45 samples. The results of this study are: company size, underwriter reputation, and company age have a positive and significant effect on t
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Suyono, Suyono, Paramita Paramita, Yvonne Augustin S, Etty Murwaningsari, and Marice Hutahuruk. "FACTORS AFFECTING THE LEVEL OF UNDERPRICING OF SHARES IN INITIAL PUBLIC OFFERING COMPANIES." Bilancia : Jurnal Ilmiah Akuntansi 9, no. 1 (2025): 11. https://doi.org/10.35145/bilancia.v9i1.4551.

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The underpricing phenomenon that occurs due to information asymmetry, to reduce the information asymmetry of companies that will conduct an initial public offering (IPO) to issue a prospectus. Almost in every country companies experience underpricing, this also happens in Indonesian companies that conduct IPOs in the capital market. In this study, there are several factors that will be examined to affect underpricing, namely Debt to Equity Ratio, Return on Equity, Company Age and Total Asset Turnover. The purpose of this study is to empirically analyze the influence of Debt to Equity Ratio, Re
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Purnama, Rita Lian. "FAKTOR-FAKTOR YANG MEMPENGARUHI UNDERPRICING SAHAM PADA PENAWARAN UMUM PERDANA DI BURSA EFEK INDONESIA TAHUN 2009 - 2013." JURNAL FAIRNESS 4, no. 1 (2021): 61–72. http://dx.doi.org/10.33369/fairness.v4i1.15300.

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This study aimed to examine the effect of underwriter’s reputation, corporate profitability (ROA), financial leverage (DER), firm’s scale and firm’s age on the level of underpricing. This study uses 36 companies which run IPOs in Indonesia Stock Exchange in the period of 2009-2013 as its samples. Secondary datas were used and obtained from the Indonesian Stock Exchange by using multiple regression analysis testing to prove the research’s hypothesis. The results shows that the underwriter's reputation and firm’s age do not significantly affected the level of underpricing. Corporate profitabilit
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Amelia, Rachmi, Hasbi Assidiki Mauluddi, and Radia Purbayati. "Pengaruh ROE, EPS, dan Reputasi Underwriter terhadap Tingkat Underpricing Stock pada Perusahaan IPO di ISSI." Journal of Applied Islamic Economics and Finance 3, no. 3 (2023): 640–50. http://dx.doi.org/10.35313/jaief.v3i3.5499.

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 Companies need additional capital, one of which is from external companies by conducting initial public offerings on the capital market, but companies often experience underpricing in the secondary market. This study aims to develop findings regarding the phenomenon of underpricing in IPO companies and to determine the effect of return on equity (ROE), earnings per share (EPS), and underwriter's reputation on the level of underpricing. The population in this study are companies that have conducted an Initial Public Offering (IPO) that are registered on the Indonesia
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Li, Jie, Jun Chen, and Jiahao Li. "The Impact of Enterprise Innovation Level on IPO Underpricing under Registration System - Based on Signaling Theory." Journal of Economics and Public Finance 9, no. 2 (2023): p27. http://dx.doi.org/10.22158/jepf.v9n2p27.

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Background: Chinese capital market has continued to develop and mature recently. And in December 2021, the Central Economic Work Conference formally proposed the full implementation of the stock issuance registration system. In this context, the phenomenon of IPO underpricing has not been effectively alleviated in the Chinese capital market.Objective: This paper aims to analyze the impact of listed companies’ characteristics and underwriters’ underwriting level on high IPO underpricing in the Chinese capital market, find the main reasons for high IPO pricing, and ultimately help enterprises al
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Chrisnanda, Widya Andhi, and Surya Raharja. "Pengaruh Reputasi Underwriter, Return On Equity, dan Umur Perusahaan Syariah Terhadap Underpricing (Studi Pada Perusahaan Yang Teregistrasi di BEI Tahun 2018-2021)." Jurnal Ilmiah Ekonomi Islam 9, no. 3 (2023): 4329. http://dx.doi.org/10.29040/jiei.v9i3.11451.

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This research aims to determine the influence of Underwriter reputation, Return On Equity, and Company Age on Underpricing (Study of Companies Registered on the BEI in 2018-2021)The samples used in this research are companies that were newly registered on the IDX in 2018-2021. Things that influence the level of Underpricing are proxied as ROE, Company Age, and Underwriter Reputation. Companies that registered on the stock exchange before and during Covid-19 were involved in moderating the underpricing. Company age has a significant negative effect on underpricing, the longer the company's age
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Faisal, Muhammad, and Gerianta Wirawan Yasa. "The Influence of Intellectual Capital Disclosure, Economic Value Added Analysis, and Inclusion of Warrants on the Level of Underpricing in Shares." E-Jurnal Akuntansi 28, no. 3 (2019): 1682. http://dx.doi.org/10.24843/eja.2019.v28.i03.p04.

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The underpricing phenomenon often occurs when a company conducts an initial public offering or commonly known as IPO (Initial Public Offering). This condition causes stakeholders receive not enough information for assessing the company value. This study aims to analyze the effect of intellectual capital disclosure, economic value added, and inclusion of warrants on the level of underpricing of shares. This research was conducted in all companies that conducted IPOs on the Indonesia Stock Exchange (IDX) in the period 2012-2014. The number of samples taken was 60 companies, with a purposive samp
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Isynuwardhana, Deannes, and Frizky Vega Febryan. "Factors Affecting Underpricing Level during IPO in Indonesia Stock Exchange 2018 - 2019." Indonesian Accounting Review 12, no. 1 (2022): 87. http://dx.doi.org/10.14414/tiar.v12i1.2660.

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The underpricing is an event that occurs when stock price in a primary market is smaller than that on secondary market. Indonesia has an increase of companies that experience underpricing every year, although there was a decline in 2019/ Yet, the decline was not significant. The purpose of the study was to determine the effect of factors such as company age, company size, and return on assets, financial leverage, earnings per share and current ratio on level of underpricing at the time of Initial Public Offering (IPO) on the Indonesia Stock Exchange for the period 2018-2018. This research was
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Chong, Terence Tai-Leung, Shuo Yuan, and Isabel Kit-Ming Yan. "An Examination of the Underpricing of H-Share IPOs in Hong Kong." Review of Pacific Basin Financial Markets and Policies 13, no. 04 (2010): 559–82. http://dx.doi.org/10.1142/s0219091510002074.

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The main purpose of this paper is to study the empirical determinants of the underpricing of H-share initial public offerings (IPOs) during the 1993–2003 period. A special characteristic of H-shares is that they are shares of companies incorporated in China, but are also listed abroad. Our estimates indicate that the average IPO underpricing level of H-shares was about 16.8%. We find that the conventional explanations for the worldwide IPO underpricing are not adequate in explaining the underpricing level of H-shares. Some new factors that are important in explaining the underpricing phenomeno
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Muhani, Muhani, Nia Eka Pramelia, and Molina Molina. "Faktor Fundamental Terhadap Tingkat Underpricing Perusahaan Yang Melakukan Initial Public Offering (IPO)." Jurnal Manajemen Strategi dan Aplikasi Bisnis 3, no. 2 (2020): 171–84. http://dx.doi.org/10.36407/jmsab.v3i2.167.

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This study aims to find out the influence of debt to equity ratio, return on asset, return on equity and firm size on the level of underpricing in companies that conduct an Initial Public Offering (IPO) in Indonesia Stock Exchange period 2014-2019. The population in this study is all companies that conducted an Initial Public Offering (IPO) in Indonesia Stock Exchange period 2014-2019. Determination of the sample using a purposive sampling method through certain criteria in order to obtain a sample of 115 companies. The analysis method used in this study was multiple linear regression method.
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Book chapters on the topic "Level of underpricing"

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Hellara, Narjess Skhiri Ep. "The Underpricing of French IPOs." In Social and Ethical Implications of AI in Finance for Sustainability. IGI Global, 2024. http://dx.doi.org/10.4018/979-8-3693-2881-1.ch008.

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In this chapter, the authors investigate the initial public offering (IPO) first-day returns. Based on 254 French IPOs performed between 2006 and 2011, they evaluate short-term market performance, and they identify whether French IPOs are underpriced (outperformance) or overpriced (underperformance) in the short term. The positive and negative returns of short-term IPOs are used to measure underpricing and overpricing. SECON's analysis indicates that IPOs are too expensive at 1.55% for MAR and 1.54% for RR. Secondary market analysis can be useful to investors because the high returns from the
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Conference papers on the topic "Level of underpricing"

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Dharmawan, Dzaky Adzhary. "DETERMINANTS OF IPO UNDERPRICING IN THE INDONESIAN MARKET." In 2024 SoRes Dubai –International Conference on Interdisciplinary Research in Social Sciences, 19-20 February. Global Research & Development Services, 2024. http://dx.doi.org/10.20319/icssh.2024.156.

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This thesis studied the determinants of IPO underpricing in Indonesia by examining 277 IPOs in Indonesia from 2016-2022. This study found that firm age has a significant negative relationship with the level of underpricing while Covid-19 pandemic has significant positive relationship. We argue that information asymmetry and uncertainty explains the underlying reason behind our findings.
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Rahmawati, Ika, Wildan Akil, Annisa Hartikasari, Cicih Rohayati, and Tiara Pandansari. "Effect of Financial Leverage, ROA, Ownership Concentration, Listing Delay on Levels Underpricing During Initial Public Offering (IPO) in Manufacturing Companies on the Indonesia Stock Exchange (2016-2020 Period)." In Proceedings of the 3rd International Conference of Business, Accounting, and Economics, ICBAE 2022, 10-11 August 2022, Purwokerto, Central Java, Indonesia. EAI, 2022. http://dx.doi.org/10.4108/eai.10-8-2022.2320917.

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