EFFECT OF INSTITUTIONAL OWNERSHIP ON UNDERPRICING: STUDIES ON THE COMPANY'S IPO ON THE STOCK EXCHANGE IN 2007-2011

Rechiwati, Rechiwati and Taufik bin Abad, Taufik bin Abad (2018) EFFECT OF INSTITUTIONAL OWNERSHIP ON UNDERPRICING: STUDIES ON THE COMPANY'S IPO ON THE STOCK EXCHANGE IN 2007-2011. The International Journal of Social Science, Education and Human Science. pp. 28-35.

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Abstract

This research analyzes the influence of institution ownership to underpricing phenomena, in a listed firm were conducted Initial public offering (IPO) on Indonesian Stock Exchange in the period of 2007–2011. The IPO is offering stock to public at the first time on primary market, before listed on stock exchange (secondary market). The prices in the primary market are determined by issuer. Underpricing happened if the prices on IPO time are lower than the initial offering prices in the secondary market. Institution ownership is a percentages share of ownership by institutional issuer. The research used Return on Asset and company size as control variable. The statistical analysis used in this research is multiple regression. There were 76 companies were testing in this research. The result showed that the institution ownership didn’t influence underpricing phenomena

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Reschiwati Echi stie yai
Date Deposited: 07 Jan 2021 03:51
Last Modified: 07 Jan 2021 03:51
URI: http://repository.stie-yai.ac.id/id/eprint/233

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