Pujihartanto, C. Ambar and Ediningsih, Sri Isworo (2007) Fenomena Underpricing, Kinerja Jangka Panjang dan Overreaction Pada Perusahaan BUMN dan Non BUMN yang Melakukan IPO pada Tahun 1991-2003. In: Prosiding Seminar Nasional "Smart Membaca Jaman dalam Perspektif Manajemen", 3 November 2007, Universitas Kristen Maranatha.
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4. Pujiharjanto, Ediningsih. 2007. Fenomena Underpricing Kinerja_lengkap.pdf Download (5MB) | Preview |
Abstract
The study addresses an underpricing phenomena on Initial Public Offering (IPO) In the period of 1991 - 2003 et the Jakarta Stock Exchange (JSX). This research has four main objectives. Firstly to know wheather there Is underpricing on IPO, secondly to know the long run performance Biter 180 -days having been trading in stock exchange, thirdly to know whether there Is overreaction on first trading day, and fourthly to know whether there is different underpricing It BUMN firms end Non BUMN firms. Based on one sample t-test it is found there is generally the initial public offering gives positive abnormal return and there Is found decreasing return on 180-days trading. That mean, is can be proved underpricing at firstly trading and decreasing on Biter market performance. Based on t test for paired sample that found there is not overreaction on firstly trading and there is not difference underpricing at BUMN firms and Non BUMN firms. Keywords: IPO, Underpricing, Overreaction
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Uncontrolled Keywords: | IPO, Underpricing, Overreaction |
| 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 07:27 |
| Last Modified: | 21 Jan 2022 07:45 |
| URI: | http://eprints.upnyk.ac.id/id/eprint/27842 |
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