股权集中度和权证参与对2019年和2020年idx期间首次公开募股期间股票低估水平的影响

Primanomics : Jurnal Ekonomi & Bisnis Pub Date : 2022-08-24 DOI:10.31253/pe.v20i3.1280

Catherine Angeline Indrawati, Cliff Kohardinata

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引用次数: 0

摘要

由于业务的快速发展，公司需要大量的资金来向公众发行股票，而在2020年，COVID-19对世界经济部门带来了严重的影响。本研究旨在调查股权集中度和权证纳入对2019年和2020年印度尼西亚证券交易所IPO(首次公开发行)期间股票抑价水平的影响。研究对象是在印度尼西亚证券交易所注册并于2019年和2020年进行IPO的实体，共计107家公司。在选择样本组时使用的方法是目的抽样法。本研究采用多元线性回归分析。检验结果表明:(1)股权集中度对过低定价没有影响;(2)股权纳入对过低定价没有影响;(3)电晕对过低定价有负向影响。关键词:抑价，股权集中，权证纳入，COVID-19

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THE EFFECT OF OWNERSHIP CONCENTRATION AND WARRANTS PARTICIPATION TOWARDS THE LEVEL OF STOCK UNDERPRICING DURING THE INITIAL PUBLIC OFFERING ON IDX PERIOD 2019 & 2020

Due to the rapid rate of business development, companies require a large capital by issuing shares to the public, where in 2020 COVID-19 brings a serious impact on the worldâ€™s economic sector. This study meant to investigate the effect of ownership concentration and warrants inclusion on the level of share underpricing during the IPO (Initial Public Offering) on the Indonesia Stock Exchange in 2019 and 2020. The research population are entities registered on the Indonesia Stock Exchange and conducting IPO in 2019 and 2020, amounting to 107 companies. The method used during the selection of the sample group is the purposing sampling method. This study uses multiple linear regression analysis. The test results indicate that (1) ownership concentration has no effect on underpricing (2) the inclusion of equity has no effect on underpricing, and (3) Corona has a negative effect on underpricing. Keywords: Underpricing, Ownership Concentration, Warrant inclusion, COVID-19

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Primanomics : Jurnal Ekonomi & Bisnis

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