Pujihartanto, C. Ambar and Ediningsih, Sri Isworo (2007) Fenomena Underpricing pada Penawaran Umum Perdana di Bursa Efek Jakarta Periode 1998-2005. JURNAL MANAJEMEN, 7 (1). pp. 67-79. ISSN 1411-9293
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3. Pujiharjanto, Ediningsih. 2007. Fenomena Underpricing pada Penawaran.pdf Download (4MB) | Preview |
Abstract
It is now widely accepted that initial public offerings (IPOs) of common stocks offer large abnormal return on their first day of trading. As reported in Lougran et.al. (1994), this phenomenon of short-run underpricing has been experienced in every country with a stock market. In this paper, we empirically investigate Indonesian initial public offerings (IPOs) to provide one case of the international evidence on underpricing phenomenon. Using a sample of 84 IPOs listed on Jakarta Stock Exchange during 1998-2005 period and market adjusted return approach. this studies can be prov d underpricing at firstly traded in the Stock Exchange. We also find, based on holding period (I day - I month trading) the Jakarta Stock Exchange is not semistrong-form efficiency categorized. Keywords: Underpricing, Semi Strong Efficient
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Underpricing, Semi Strong Efficient |
| Subjects: | H Social Sciences > H Social Sciences (General) H Social Sciences > HG Finance |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Management |
| Depositing User: | Dra. M.M Sri Isworo Ediningsih |
| Date Deposited: | 21 Jan 2022 07:26 |
| Last Modified: | 21 Jan 2022 07:27 |
| URI: | http://eprints.upnyk.ac.id/id/eprint/27841 |
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