This study aims to investigate factors that affect IPO oversubscription on Islamic stocks. Using data of 202 IPOs indexed from Indonesia Sharia Stock Index, this study uses ordinary least squares and quantile regression to test the formulated hypothesis from 2011 to 2020. This study finds that issue price and issue size negatively affect IPO oversubscription. Meanwhile, firm size and raw return…
Penelitian ini bertujuan untuk menguji pengaruh sentimen investor di media sosial terhadap fenomena IPO puzzle perusahaan yang terdaftar di Bursa Efek Indonesia. Penelitian ini menggunakan analisis sentimen pada media sosial Twitter untuk mengukur sentimen investor dan dampaknya terhadap IPO puzzle dengan menggunakan text mining dan klasifikasi support vector machines (SVM). Sampel yang digunak…
Penelitian ini menganalisis pengaruh perhatian investor pada masa penawaran umum perdana saham (IPO) terhadap volatilitas harga saham pasca IPO atau setelah saham tersebut tercatat dan diperdagangkan di Bursa Efek Indonesia (BEI). Penelitian ini menggunakan data saham-saham emiten yang melakukan IPO di BEI setelah diberlakukannya mekanisme penawaran umum perdana secara elektronik (e-PO), dengan…
Perusahaan selalu ingin bertumbuh dan membutuhkan dana untuk pertumbuhan tersebut. Dana diperoleh dengan menerbitkan saham dan menjualnya ke publik dikenal dengan Initial Public Offering (IPO). Bagaimana proses IPO tersebut dan dimulai dari mana serta siapa saja yang diajak agar IPO berhasil menjadi sebuah pertanyaan bagi eksekutif perusahaan. Kehadiran buku ini bisa membantu perusahaan dalam r…
This study is aimed at investigating the impact of facial-based perceived trustworthiness on stock valuation, particularly in the initial public offering (IP0). IPO settings provide opportunity to investigate whether information asymmetry resulted from company newness in the market would influence the incorporation of soft information in the form of executive facial trustworthiness in stock val…
Penelitian ini bertujuan untuk menganalisis pengaruh Indeks Economic Policy Uncertainty (EPU) terhadap tingkat underpricing perusahaan yang melakukan Initial Public Offering (IPO) di Indonesia pada tahun 2013 – 2023. Underpricing dalam IPO adalah fenomena dimana harga saham pada penutupan hari pertama lebih tinggi dibandingkan dengan harga penawaran. Hal ini sering kali mengakibatkan perusaha…
Penelitian ini bertujuan untuk mengetahui pengaruh dan korelasi venture capital (VC), reputasi underwriter, reputasi auditor dan faktor ex-ante uncertainty (firm age, harga penawaran, firm size, lag days dan risiko penawaran) terhadap initial return penawaran umum perdana (IPO) perusahaan berbasis teknologi di pasar saham Nasdaq dan New York Stock Exchange (NYSE). Data yang digunakan dalam pen…
Penelitian ini bertujuan untuk menganalisis pengaruh usia perusahaan, risiko penawaran umum, reputasi underwriter, reputasi auditor, industri perusahaan, nilai Altman Z-Score, ukuran perusahaan, dan rencana penggunaan dana penawaran umum terhadap tingkat initial return penawaran umum perdana. Dalam penelitian ini, rencana penggunaan dana penawaran umum terbagi atas growth opportunities, debt re…
Hardcopy
After taking 30% of its Conoco oil and gas subsidiary public in the largest domestic initial public offering (IPO) in U.S. history, management of E.I. du Pont de Nemours and Co. (DuPont) is considering divesting its remaining interest in Conoco. This goal is to be accomplished through a relatively uncommon transaction called a corporate "split-off," under which DuPont's shareholders will be giv…
Supplements the (A) case. .Hardcopy
Supplements the (A) case. .Hardcopy
Printed Journal
Kebijakan Arsitektur Perbankan Indonesia (API) sejak tahun 2004 telah berdampak pada meningkatnya konsentrasi bank. Peningkatan konsentrasi bank menimbulkan dua hipotesis yang berlawanan yaitu structure-conduct-performance (SCP) hypothesis dan efficiency hypothesis. Structure Performance Hypothesis di dasarkan pada pendekatan struktural. Pendekatan ini menilai bahwa tingkat profit yang diperole…
Through an inductive study of six corporate venture capital programs, we unravel how new organizational units resolve competing forces from two different institutional environments. The data suggest that the organizational structure of units that enter a new environment depends on whether they ?focus their isomorphism? internally toward the parent (?endoisomorphism?) or externally toward the in…
Although network ties are crucial for firm performance, the strategies by which executives actually form ties are relatively unexplored. In this study, we introduce a new construct, tie formation efficiency, and clarify its importance for superior network outcomes. Building on fieldwork in nine Internet security ventures seeking investment ties, we unexpectedly identify two ?equifinal? paths fo…
We analyze a sample of 4,795 IPOs that went public between 1985 and 2003 to determine the impact of acquisition activity on long-run stock performance. After controlling for relevant factors, we find that IPOs that acquire within a year of going public significantly underperform for three-year holding periods following the first year, whereas non-acquiring IPOs do not significantly underperform…
This article investigates how alliance portfolio composition affects young firms' outcomes. Drawing on signaling theory, we propose how alliance portfolio composition?number, functional domains (R&D, manufacturing, and marketing), and single-purpose or multi-purpose nature of alliances within the portfolio?may affect a firm's likelihood of achieving a liquidity event (IPO or acquisition). We st…