文章基本信息

标题：Behavior of Initial Return in Indonesia Market
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作者：Adler Haymans Manurung ; Edhi Juwono ; Indra Siswanti 等
期刊名称：Journal of Applied Finance and Banking
印刷版ISSN：1792-6580
电子版ISSN：1792-6599
出版年度：2019
卷号：9
期号：4
页码：37-45
出版社：Scienpress Ltd
摘要：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.
关键词：behavior; initial return; Indonesia Market; monthly; Initial Public Offering.