DETERMINANTS OF IPO UNDERPRICING IN THE INDONESIA MARKET
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...
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| Format: | Final Project |
| Language: | Indonesia |
| Online Access: | https://digilib.itb.ac.id/gdl/view/84951 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | 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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