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Home > Articles

Informasi Prospektus dalam Penetapan Harga IPO

  • Martalia Widianti
    Magister Manajemen, Fakultas Ekonomi dan Bisnis Universitas Andalas

  • Mohamad Fany Alfarisi
    Fakultas Ekonomi dan Bisnis Universitas Andalas

  • Rida Rahim
    Fakultas Ekonomi dan Bisnis Universitas Andalas


DOI: https://doi.org/10.37034/infeb.v5i3.667
Keywords: IPO Price, Shariah Compliant Status, Institutional Investor Involvement, Shareholder Retention, Underwriter’ Reputation, Leverage

Abstract

This study aims to analyze the effect of shariah-compliant status, institutional investor involvement and shareholder retention on IPO prices in concumer cyclicals and non-cyclicals companies conducting Initial Public Offerings (IPOs) listed on the Indonesia Stock Exchange in 2007-2021, with control variables underwriter reputation, leverage and profitability. From the results of testing the hypothesis using multiple regression analysis of the STATA 17 program, it was found that shariah compliant-status had no significant positive effect on IPO prices, institutional investor involvement had no significant positive effect on IPO prices, and shareholder retention had a significant positive effect on IPO prices. Maenwhile, the control variable underwriter’s reputation has a significant positive effect on the IPO price, leverage has a insignificant positive effect on the IPO priceand profitability has an insignificant positive effect on the IPO price.

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References

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Published
2023-09-19
Issue
Vol. 5, No. 3 (September 2023)
Section
Articles
How to Cite
Widianti, M., Alfarisi, M. F., & Rahim, R. (2023). Informasi Prospektus dalam Penetapan Harga IPO. Jurnal Informatika Ekonomi Bisnis, 5(3), 1030-1034. https://doi.org/10.37034/infeb.v5i3.667
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