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Affiliations
Immam Nur Achmad
Universitas Negeri Semarang
Rini Setyo Witiastuti
Affiliation not stated
How to Cite
Underpricing, Institutional Ownership and Liquidity Stock of IPO Companies in Indonesia
Vol 7 No 3 (2018): Management Analysis Journal
Submitted: Jun 26, 2018
Published: Sep 25, 2018
Abstract
The aim of this study is to explain and describe influence of underpricing and institutional ownership on the liquidity. Sample of this study is 86 companies which conduct IPO in period 2012-2016. Analitycal technique used is multiple linear analysis. The data used in the form of trading data for 20 days then taken on average and comes form the company’a financial statements obtained from the Indonesia Stock Exchange. The results showed that Underpricing has a significant positive effect on liquidity. Institutional ownership is negatively insignificant to liquidity.