The Influence of Underwriter and Macroeconomic Conditions on Stock Performance post IPO in the Long Run
Fenny Hapsari and Dr Buddi Wibowo

Universities Indonesia

Abstract

This study tested the difference of reputation and number of underwriters influence on the performance of post-IPO stocks in the long term. The study was conducted on 101 sample data consisting of 53 IPO samples supported by Single Underwriters and 48 IPO samples supported by Underwriter Syndication. The difference test in average post-IPO stock returns was carried out on IPOs that supported by high and low reputation underwriters and IPOs that supported by Single and Syndicated Underwriters. The results showed that there were significant differences in IPOs supported by high and low reputations

Keywords: Underwriter reputation, stock performance, IPO

Topic: Strategic Management & Ecosystem Business

Link: https://ifory.id/abstract-plain/6yEPR4n9xbtq

Web Format | Corresponding Author (Fenny Hapsari J. Ariyani)