IDEAS home Printed from https://ideas.repec.org/a/apn/agregt/v6y2022i2p141-156id9678.html
   My bibliography  Save this article

Financial Ratio and Initial Return on Companies in Indonesia

Author

Listed:
  • Murdiyah Hayati
  • Nadila

Abstract

The development of various types of businesses in Indonesia began to emerge in the era of globalization, causing business competition to be increasingly fierce. This study aims to analyze the effect of the oversubscriptio ratio, underwriter reputation, firm size, and leverage on initial return. The independent variables of this study are oversubscriptio, underwriter reputation, firm size, and leverage while the dependent variable is initial return. The sample in this study is a publicly listed company that has an initial public offering (IPO) listed on the Indonesia Stock Exchange in 2015-2021 with a total of 133 companies as samples. The research method uses multiple linear regression. The results of the study found that the oversubscriptio ratio, underwriter reputation, and firm size had a significant effect on initial return, while leverage had no effect on initial return. Investors do not only pay attention to the financial aspects of the company, but also pay attention to non-financial aspects.

Suggested Citation

  • Murdiyah Hayati & Nadila, 2022. "Financial Ratio and Initial Return on Companies in Indonesia," Agregat: Jurnal Ekonomi dan Bisnis, Universitas Muhammadiyah Prof. DR HAMKA., vol. 6(2), pages 141-156.
    • Handle: RePEc:apn:agregt:v:6:y:2022:i:2:p:141-156:id:9678
    as

    Download full text from publisher

    File URL: https://journal.uhamka.ac.id/index.php/agregat/article/view/9678
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:apn:agregt:v:6:y:2022:i:2:p:141-156:id:9678. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Susilo (email available below). General contact details of provider: https://journal.uhamka.ac.id/index.php/agregat/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.