THE IMPACT OF COMPANY INTELLECTUAL CAPITAL TO IPO UNDERPRICING

GABRIELA NADHA PRADHITA, 040710095 (2012) THE IMPACT OF COMPANY INTELLECTUAL CAPITAL TO IPO UNDERPRICING. Skripsi thesis, UNIVERSITAS AIRLANGGA.

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Abstract

This research examines whether the company intellectual capital have significant positive impact to IPO underpricing. The objects of this research are 78 companies performing initial public offering in Indonesia Stock Exchange for year 2006-2010. The company intellectual capital is measured by Value Added Intellectual Coefficient (VAIC) method and IPO underpricing is measured by IPO first day abnormal return and IPO seven day cumulative abnormal returns. The company size, company age, auditor reputation and underwriter reputation are used as control variable to minimize result bias. This research is done by using multiple regression analysis with the F-test and t-test. The result indicated that the company VAIC has significant positive impact to IPO underpricing, both in the first trading day and seven trading day after IPO.

Item Type: Thesis (Skripsi)
Additional Information: KKB KK-2 A. 213/ 11 Pra t
Uncontrolled Keywords: INTELECTUAL CAPITAL
Subjects: H Social Sciences > HG Finance > HG4501-6051 Investment, capital formation, speculation > HG4701-4751 Government securities. Industrial securities. Venture capital
Divisions: 04. Fakultas Ekonomi dan Bisnis > Akuntansi
Creators:
CreatorsEmail
GABRIELA NADHA PRADHITA, 040710095UNSPECIFIED
Contributors:
ContributionNameEmail
ContributorAndry Irwanto, Dr., SE, MBA, Ak.UNSPECIFIED
Depositing User: Tatik Poedjijarti
Date Deposited: 07 Mar 2012 12:00
Last Modified: 18 Jul 2016 09:23
URI: http://repository.unair.ac.id/id/eprint/6221
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