Analysis of Influencing Factors of IPO Under-pricing: Case Studies on Companies Listing in IDX during 2008-2017

Megia Nydia Sari, Erlina, Rina Bukit

2018

Abstract

Under-pricing is a price below the market price or stock price in the secondary market higher than the stock price in the primary market in which investors are interested in purchasing. Under-pricing is influenced by several factors, such as company size, return on asset, financial leverage, and percentage of public offering, trading volume, auditor reputation, company age, and industrial type to under-pricing during the IPO in the Indonesia Stock Exchange. 130 samples of companies were used. The technical of collecting samples using senses. The data analyzed using multiple linear regressions. Based on the results of data analysis, trading volume and auditor reputation had significantly negative effect on under-pricing, while financial leverage had significantly positive affect on u//under-pricing, while company size, company age, industrial type had insignificantly negative affect on under-pricing, and percentage of public offering had insignificantly positive affect on under-pricing.

Paper Citation

in Harvard Style

Sari M., Erlina. and Bukit R. (2018). Analysis of Influencing Factors of IPO Under-pricing: Case Studies on Companies Listing in IDX during 2008-2017.In Proceedings of the 7th International Conference on Multidisciplinary Research - Volume 1: ICMR, ISBN 978-989-758-437-4, pages 452-458. DOI: 10.5220/0008888904520458

in Bibtex Style

@conference{icmr18,
author={Megia Nydia Sari and Erlina and Rina Bukit},
title={Analysis of Influencing Factors of IPO Under-pricing: Case Studies on Companies Listing in IDX during 2008-2017},
booktitle={Proceedings of the 7th International Conference on Multidisciplinary Research - Volume 1: ICMR,},
year={2018},
pages={452-458},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0008888904520458},
isbn={978-989-758-437-4},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 7th International Conference on Multidisciplinary Research - Volume 1: ICMR,
TI - Analysis of Influencing Factors of IPO Under-pricing: Case Studies on Companies Listing in IDX during 2008-2017
SN - 978-989-758-437-4
AU - Sari M.
AU - Erlina.
AU - Bukit R.
PY - 2018
SP - 452
EP - 458
DO - 10.5220/0008888904520458