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One of the issues in initial public offering (IPO) is the existence of underpricing phenomenon. This phenomenon put considerable amount of money left on the table, which is costly yet easily observable in most IPOs around the globe until now. Several theories have been proposed to explain why this phenomenon happens, namely asymmetric information, institutional reason, control and ownership, and behavioral argument. Based on these theories, we conclude that underpricing is the price that has to be paid to achieve certain objective. Further, to reduce the magnitude of underpricing, auction method can be used as an alternative to the commonly used bookbuilding method in IPOs..Printed journal
Call Number | Location | Available |
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MUI4002 | PSB lt.dasar - Pascasarjana | 1 |
Penerbit | Lembaga Manajemen Fakultas Ekonomi Universitas Indonesia., |
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Edisi | - |
Subjek | - |
ISBN/ISSN | 3029859 |
Klasifikasi | - |
Deskripsi Fisik | - |
Info Detail Spesifik | - |
Other Version/Related | Tidak tersedia versi lain |
Lampiran Berkas | Tidak Ada Data |