Taolin, Maximus Leonardo and Safitri, Julia (2020) The Role Of Duality Managerial Ownership And Boards On IPO Value (An Empirical Evidence Of Indonesian Firms). Jurnal Penelitian Ekonomi dan Bisnis (JPEB), 5 (2). pp. 162-179. ISSN 2442 – 5028 (Print)
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8. THE ROLE OF DUALITY MANAGERIAL OWNERSHIP AND BOARDS ON IPO VALUE (AN EMPIRICAL EVIDENCE OF INDONESIAN FIRMS).pdf Download (422kB) | Preview |
Abstract
The research aims to find the impact of ownership retention, managerial ownership, and boards on value IPO premium and underpricing. We investigate by using hand collect data 202 IPO prospectuses during 2008-2017 and using Warp PLS 5.0 to compute the data. Our finding suggests that may use to guide the investor in making informed decisions to see the level of the proportion of sharehold by old ownership and management. When the high level of ownership retention and managerial ownership, make the value IPO premium and underpricing will be high. On the other hand duality of the managerial role in firms making the value will be achieved. This paper contributes to the value of IPO premium and underpricing literature when influence by ownership share on initial public offerings context of emerging markets.
| Item Type: | Article |
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| Additional Information (ID): | 23/B0070pdf |
| Uncontrolled Keywords: | Ownership retention; Managerial Ownership; Boards; IPO premium; underpricing |
| Subjects: | 300 Social Science > 330-339 Economics (Ilmu Ekonomi) > 332.6 Investment (Investasi) 600 Technology and Applied Sciences > 650-659 Management and Auxiliary Service (Manajemen dan Ilmu yang Berkaitan) > 658.152 Management of Investment, Capitalization (Manajemen Investasi, Manajemen Modal, Kapitalisasi) |
| Divisions: | Koleksi Digital > Artikel |
| Depositing User: | CR Cherrie Rachman |
| Date Deposited: | 24 May 2023 09:03 |
| Last Modified: | 26 Sep 2023 04:24 |
| URI: | http://repository.ut.ac.id/id/eprint/10481 |
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