DETERMINANTS OF IPO UNDERPRICING IN THE INDONESIAN MARKET

Authors

  • Dzaky Adzhary Dharmawan Faculty of Economics and Business, University of Groningen, Groningen

DOI:

https://doi.org/10.20319/icssh.2024.156

Keywords:

IPO, Underpricing, COVID-19

Abstract

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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Published

2024-03-12

How to Cite

Adzhary Dharmawan, D. (2024). DETERMINANTS OF IPO UNDERPRICING IN THE INDONESIAN MARKET. PEOPLE: International Journal of Social Sciences, 156. https://doi.org/10.20319/icssh.2024.156

Issue

2024: Proceedings of Social Science and Humanities Research Association (SSHRA)

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.