Czasopismo
Tytuł artykułu
Warianty tytułu
Języki publikacji
Abstrakty
This study aims to identify the relationship between underpricing and long-term market performance of IPOs in the Indonesian Stock Exchange (IDX), as well as determinants of IPOs' market performance. We based our paper on the idea that it is more meaningful and relevant to investigate underpricing and long-term market performance determinants at different distribution points. OLS and quantile regression analysis isapplied to 105 samples of IPOs during 2009-2013. The results of OLS and quantile regressions indicate that assets value, age, proceeds, and underwriters’ reputation are determinants of long-term market performance; while assets, age and proceeds also become underpricing determinants. Among these factors, proceeds become the most important determinant of underpricing and long-term market performance.
Słowa kluczowe
Czasopismo
Rocznik
Tom
Numer
Strony
152-167
Opis fizyczny
Daty
wydano
2018-01-24
Twórcy
autor
- Faculty of Economics and Business, Universitas Airlangga, Indonesia
autor
- Faculty of Economics and Business, Brawijaya University, Indonesia
autor
- Faculty of Economics and Business, Brawijaya University, Indonesia
Bibliografia
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Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
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