IPO COMPANY STOCK VALUATION ANALYSIS 2000 - 2014

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Herawati, Ati and Achsani, Noer Azam and Hartoyo, Sri and Sembel, Roy (2017) IPO COMPANY STOCK VALUATION ANALYSIS 2000 - 2014. INTERNATIONAL JOURNAL OF ORGANIZATIONAL INNOVATION, 9 (3). pp. 72-83. ISSN 1943-1813

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Abstract

The valuation of the stock price by the company that doing an IPO is required, although the stock price at the time of the IPO is ultimately determined by agreement between the company and the underwriters. The objectives of this study were analyzing the fair prices of stock companies doing IPOs in 2000 - 2014 with a PER valuation method and to analyze differences in fair prices of stock based on valuation by the stock price at the time of IPO and then to analyze whether differences in prices that occurred because of differences underwriter. Research conducted on 240 companies which doing an IPO in 2000-2014 and to valuing the fair price of stock with PER method used ratio that describes the ratio between the stock price and net profit in a year that has been produced by the company. The results showed that 65% of the stock price at the time of the IPO lower compared with fair price of stock based on valuation. The difference between the stock price at the time of the IPO with fair price of stock is significantly. Each underwriter will produce different levels of price differences. Key word : Valuation, Price Difference, Underwriter

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HF Commerce > HF5601 Accounting
H Social Sciences > HG Finance
H Social Sciences > HJ Public Finance
Divisions: Research And Community Empowerment > Journals
Depositing User: Rizky Amalia
Date Deposited: 17 Jan 2020 03:29
Last Modified: 19 Feb 2021 04:45
URI: http://repository.ipmi.ac.id/id/eprint/10

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