Analisis Perbandingan Kinerja Saham Ipo Pada Perusahaan Yang Terdaftar di Bursa Efek Indonesia dan Bursa Malaysia Pada Tahun 2006-2010

Wati, Wati (2012) Analisis Perbandingan Kinerja Saham Ipo Pada Perusahaan Yang Terdaftar di Bursa Efek Indonesia dan Bursa Malaysia Pada Tahun 2006-2010. Undergraduate thesis, Universitas Internasional Batam.

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Abstract

It has been well documented that Initial Public Offerings (IPO) provided long time long run performance. Many opinions came along through the researcher to explain why there is existed long run underperformance. In this paper, IPO performance is indicated by Fama-French regression and incorporates liquidity and leverage to show the differential performance of Indonesia and Malaysia’s IPO. This research object is consist of companies listed in the Indonesia Stock Exchange (IDX) and Bursa Malaysia. Samples used in this research were selected using purposive sampling method. This research use 180 companies or 120 observation data that published its financial statement on December 31 for the year 2006 until year 2010. The research result indicates that Indonesia suffers long run underperformance, conversely Malaysia shows long run overperformance. Indonesia and Malaysia's performance statistically significant proxy from constant value in Fama-French regression. Keywords: IPO, Fama-French, liquidity, leverage, IPO long run performance

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