Proceedings of the International Conference on Economics, Management and Accounting (ICEMAC 2021)

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The Effect of Benchmark, Money Raised, Market Value, and Magnitude of Underpricing Towards Abnormal Return Shares on the Long-Term Performance of Initial Public Offerings in Indonesia

Authors
Rani Eka Arini1, *, Yusuf Iskandar2
1Management Study Program, Faculty of Business And Humanities, Nusa Putra University, Indonesia.
2Management Study Program, Faculty of Business And Humanities, Nusa Putra University, Indonesia.
*Corresponding author. E-mail: rani.eka_mn18@nusaputra.ac.id
Corresponding Author
Rani Eka Arini
Available Online 10 February 2022.
DOI
10.2991/aebmr.k.220204.016How to use a DOI?
Keywords
Benchmark; Money Raised; Market Value; Magnitude of Underpricing; Abnormal Return
Abstract

This research aimed to look into the elements that affect stock irregularity on long-term stock returns after 3 years of IPOs (IPOs). The purposive sampling method was used to choose a sample of non-financial enterprises for this study, including as many as 205 non-financial businesses during the 2010-2020 period. The analysis was conducted using regression analysis. The findings revealed that all variable independents have a significant relationship with Abnormal Return, The four independent variables can explain 42.1 percent of the variation in the dependent variable. This study can provide information to investor in making stock investment decision.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the International Conference on Economics, Management and Accounting (ICEMAC 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
10 February 2022
ISBN
10.2991/aebmr.k.220204.016
ISSN
2352-5428
DOI
10.2991/aebmr.k.220204.016How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

risenwbib
TY  - CONF
AU  - Rani Eka Arini
AU  - Yusuf Iskandar
PY  - 2022
DA  - 2022/02/10
TI  - The Effect of Benchmark, Money Raised, Market Value, and Magnitude of Underpricing Towards Abnormal Return Shares on the Long-Term Performance of Initial Public Offerings in Indonesia
BT  - Proceedings of the International Conference on Economics, Management and Accounting (ICEMAC 2021)
PB  - Atlantis Press
SP  - 142
EP  - 151
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220204.016
DO  - 10.2991/aebmr.k.220204.016
ID  - Arini2022
ER  -