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Behavior of Initial Return in Indonesia Market

Author

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  • Adler Haymans Manurung
  • Edhi Juwono
  • Indra Siswanti

Abstract

This paper aimed to explore the behavior of initial return in Indonesia Market from 2000 to 2017. Initial Return is calculated by closing price on the first day of trading in stock market compared to price of Initial Public Offering (IPO). Furthermore, Completely Randomized Design is used to find the differences of initial return between industries and yearly. The result showed this research found average Initial Return of 31.89% for period 2000 to 2017 that as IPO Company of 355. There is no difference between initial return of industries, but there is difference of initial return in each year (yearly). This research using secondary data. Data Period is 2000 to 2017, and might be found missing data. The people has information to decide buying stocks. JEL classification numbers: G32Keywords: behavior, initial return, Indonesia Market, monthly, Initial Public Offering.

Suggested Citation

  • Adler Haymans Manurung & Edhi Juwono & Indra Siswanti, 2019. "Behavior of Initial Return in Indonesia Market," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 9(4), pages 1-3.
    • Handle: RePEc:spt:apfiba:v:9:y:2019:i:4:f:9_4_3
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    References listed on IDEAS

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