Nilmawati_abstract_1332009

UNDER PRICING PENGARUHNYA TERHADAP IPO
AFTERMARKET LIQUIDITY

Nilmawati
Jurusan Manajemen Fakultas Ekonomi UPN ”Veteran” Yogyakarta
Jl. SWK (Ringroad Utara) Condong Catur Yogyakarta, 55283

Korespondensi dengan Penulis:
Nilmawati: Telp. +62 274 486 733 Ext.260
E-mail: nilmaoke@yahoo.com 
 
Abstract:

The purpose of the research was to analyze and find empirical evidence of under pricing on IPO aftermarket liquidity in the listed companies in Indonesian Stock Exchange.  Independent sample t-test and multiple linier regressions were used for instrument analysis. Results showed that IPO aftermarket liquidity between firm with high under pricing and low under pricing were not different. The results also indicated that initial return was positively related to turnover ratio and negatively related to percentage spread (weak effect) by controlling variables such as: size, volume, and risk in short time.

 Key words: IPO, under pricing, aftermarket liquidity

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