Analisis Perbedaan Fenomena Short-Term Underpricing dan Long Term Underperformance pada Saham Perusahaan BUMN dan BUMS yang Melakukan IPO di BEI Tahun 2000-2010  

Oleh:

WIDHAWATI, INDIRA RULLY ; Panjaitan, Yunia

Jenis: Article from Journal - ilmiah nasional - tidak terakreditasi DIKTI - atma jaya
Dalam koleksi: Jurnal Manajemen vol. 11 no. 01 (May 2014), page 60-75.
Topik: Underpricing; Underperformance; BUMN; BUMS; Initial Public Offering (IPO); Stocks; JABFUNG-FEB-YNP-2022-05
Fulltext: 223-369-1-SM.pdf (306.78KB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ147 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

The research is intended to analyze short term underpricing and long term underperformance on state and private company shares. Samples used are 11 state company share and 97 private sector share which experienced short term underpricing with average first day return method plus 7 state company shares and 91 state company shares which had long term underperformance using 3 years buy and hold method and wealth relative. By using different test non parametric Mann-Whitney U is concluded that private sectors shares has higher underpricing level which give benefit to short term investor. While State company shares has better performance on long term with WR level reaching 1 compared to private sector shares.

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