Rizky Ananda Putra and Rahmat Setiawan (2020) Internationalisation, Ownership Structure, and IPO Underpricing. International Journal of Innovation, Creativity and Change, 13 (8). pp. 1078-1094. ISSN 2201-1323, eISSN: 2201-1315
![[img]](https://repository.unair.ac.id/style/images/fileicons/text.png) |
Text (Artikel)
Rahmat Setiawan_Artikel02.1_Internationalisation, Ownership.pdf Download (360kB) |
|
Text (Peer Review)
Rahmat Setiawan_Peer Review 002.1.pdf Download (1MB) |
|
Text (Similarity Test)
Rahmat Setiawan_Similarity 02.1_Internationalisation, Ownership.pdf Download (3MB) |
|
Text (Peer Review)
Rahmat Setiawan_Peer Review_Baru02_101538.pdf Download (335kB) |
Abstract
This study aims to analyse the relationship between internationalisation to underpricing initial public offering (IPO) as well as the moderating effect of blockholder ownership and CEO ownership on the relationship between internationalisation to underpricing IPO. The sample used in this study amounted to 175 observations conducting IPOs on the Indonesia Stock Exchange for the period 2008-2018. This study uses an OLS regression analysis method using SPSS 22 software. The results of this study indicate that internationalisation is negatively and significantly related to underpricing IPO. Furthermore, blockholder ownership strengthens the relationship between internationalisation to IPO underpricing, while CEO ownership does not moderate the relationship between internationalisation to IPO underpricing. This finding has implications for firms regarding the right time to start internationalisation to avoid losses caused by underpricing IPOs.
| Item Type: | Article | ||||||
|---|---|---|---|---|---|---|---|
| Uncontrolled Keywords: | Internationalisation, initial public offering (IPO), underpricing, blockholder ownership, CEO ownership. | ||||||
| Subjects: | H Social Sciences H Social Sciences > HG Finance H Social Sciences > HG Finance > HG4001-4285 Finance management. Business finance.Corporation finance |
||||||
| Divisions: | 04. Fakultas Ekonomi dan Bisnis > Manajemen | ||||||
| Creators: |
|
||||||
| Depositing User: | Tn Sugeng Riyanto | ||||||
| Date Deposited: | 15 Dec 2020 05:04 | ||||||
| Last Modified: | 19 Jul 2021 00:45 | ||||||
| URI: | http://repository.unair.ac.id/id/eprint/101538 | ||||||
| Sosial Share: | |||||||
Actions (login required)
 |
View Item |