Fenomena Underpricing dan Kinerja Jangka Panjang Pada Saat IPO: Pengujian Informasi Asimetri
| Main Authors: | , Bayu Sindhu Raharja, , Dr. Suad Husnan, MBA |
|---|---|
| Format: | Thesis NonPeerReviewed |
| Terbitan: |
[Yogyakarta] : Universitas Gadjah Mada
, 2012
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| Subjects: | |
| Online Access: |
https://repository.ugm.ac.id/100306/ http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=56240 |
Daftar Isi:
- One of the most phenomena at Initial Public Offering is underpricing. Many theory have explained it, and many reseacher have examined the theory of underpricing. One of the most theory that have explained the phenomena of underpricing is asymmetry information. In this thesis, asymmetry information will be examined by signals that emerged due to the existing of asymmetry information condition. Several signals that used in this research, only financial leverage that affected underpricing consistenly, either in standardized underpricing model or unstandardized underpricing model. Thereafter, the second phenomena at Initial Public Offering is the declining performance of underpriced stocks. In this thesis found that in the longtime, three years later, the performance of underpriced stocks will be decline sistematically. Longterm performace examined by CAR and BHAR methods.