UNDERPRICING: MACROECONOMIC VARIABLES
Journal Title: International Journal of Civil Engineering and Technology - Year 2019, Vol 10, Issue 3
Abstract
This paper has objective to explore macroeconomic Variables to affect initial return (underpricing) for period 2000 to 2018. Underpricing is calculated by closing price on the first day of trading in stock market compared to price of Initial Public Offering (IPO), sometimes its called Initial Return. Vector Autoregressive is used to get variable that affected underpricing. The result shows that variable of Initial Return Lag one and two, Inflation and variables of Oil prices significantly affected Underpricing in Indonesia market.
Authors and Affiliations
ADLER HAYMANS MANURUNG and JENRY CARDO MANURUNG
Keywords
Related Articles
- EP ID EP46672
- DOI -
- Views 197
- Downloads 0
THE EFFECT OF CORRUPTION ON ASIAN ECONOMIC GROWTH
This study aims to analyze the correlation between corruptions with economic growth in Asia. The data were analyzed using GMM panel regression during 2010- 2017 period. The result of the analysis shows corruption posit...
COMPARISON OF CELLULAR LIGHTWEIGHT CONCRETE WITH ADDITION OF PALM OIL MIDRIBS
Riau Province, Indonesia, has oil palm plantations that continue. Based on statistical data (BPS Indonesia, 2017) in 2016 the area of oil palm plantations in Riau province was 2,430,500 hectares and the potential for l...
A STUDY ON THE EFFECTS OF INSTRUCTIONAL LEADERSHIP PRACTICES TOWARDS TEACHERS’ INNOVATIVENESS
This aim of the study was to examine whether instructional leadership practices have significant influence on teacher innovativeness. In order to determine the significant influence, a total of 400 secondary teachers w...
THE CONSTRUCTIONAL STRUCTURE AND ITS RELATION TO FORM IN LATE CONTEMPORARY ARCHITECTURE
The scientific and technological progress that we are witnessing today can be considered as two main pillars of the development of any society. This in turn has a clear impact on the development of architecture on both...
IMPACT OF GREEN GUIDE ON DESIGN
This manuscript will introduce a set of analysis established for the sake of design changes of a customary swimming pool and leisure facility. The classification of design changes are manipulated by The Green Guide for...