Share Price Analyst With PBV, DER, And EPS At Initial Public Offering

Authors

  • Kriswanto Kriswanto Bina Nusantara University

DOI:

https://doi.org/10.21512/tw.v17i2.1971

Keywords:

IPO (Initial Public Offering), Underpricing, PBV, PER, DER

Abstract

Underpricing and overpricing are commonly happened in stocks market. Underpricing happened when IPO pricing was lower than closing price in the first day stock been trade in the market. There were some measurements to be used, like Price to Book Value (PBV), Price Earning Ratio (PER), Earning Per Share (EPS), Debt to Equity Ratio (DER), Net Profit Margin (NPM), Size of Company (Size) and Company Age (Age). The type of research was quantitative with a comparative analysis which focused on the study of literature to support research by describing theories related to the title of the study, data collection of financial statements, and annual reports of companies going public as well as Fact Book published. This article used data from 78 companies that did IPOin 2010 to 2013. This research finds that some statistic used to show majority variables that influence to underpricing is PBV, PER, DER,and Size.

Dimensions

Plum Analytics

References

Ghozali, I.(2009). Aplikasi Analisis Multivariate dengan Program SPSS (4th ed.). Semarang: Penerbit Universitas Diponegoro.

Gitman, L. J. (2009). Principles of Managerial Finance (12th ed.). United States: Pearson Education Inc.

Jogiyanto, H. (2010). Teori Portofolio dan Analisis Investasi (7th ed.). Yogyakarta: BPFE

Kim, B. J., Richard, J., Kish., & Vasconcellos, G. M. (2004). Cumulative Returns from the Korean IPO Market. Review of Pacific Basic Financial Markets and Policies, 7(1), 43-75.

Lestari, R. W. (2013). Pengaruh NPM, ROI/ROA dan ROE pada perusahaan melakukan IPO pada 2009 sd 2011.

Mishkin, F. S. (2001). The Economic of Money, Banking, and Financial Market. New York: Addison Wesley.

Tian, Y. (2012). Factors Impact to Companies IPO on London Stock Exchange 2002 to 2012. Master Thesis. Canada: Saint Mary’s University.

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Published

2016-09-30

How to Cite

Kriswanto, K. (2016). Share Price Analyst With PBV, DER, And EPS At Initial Public Offering. Journal The Winners, 17(2), 113-123. https://doi.org/10.21512/tw.v17i2.1971

Issue

Vol. 17 No. 2 (2016): The Winners Vol. 17 No. 2 2016

Section

Articles

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