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What is Pengaruh Informasi IPO Terhadap Initial Return about?

This document summarizes previous research on the phenomenon of initial returns in Initial Public Offerings (IPOs). It discusses three main anomalies found in IPO research: 1) underpricing, where stock prices decrease after listing, 2) long-term underperformance of stocks, and 3) variations in initial returns based on market conditions ("hot" vs "cold" markets). It then reviews several theoretical models that have been developed to explain these anomalies, including conflicts of interest between issuers and

Author

Abdul Muchsin Budi Santoso

Language

EN