Abstract:Indonesia is one of the developing countries with a significant increase in capital market growth based on data released by KSEI (PT Kustodian Sentral Efek Indonesia), the total capital market investors in Indonesia as of 27 December 2019 reached 2.47 million investors, this number has increased significantly from 2018 where the number of investors was 1.61 million. The purpose of this study is to analyze the factors that affect the market discount on IPO shares for the 2015-2019 period, Explain the influence … Show more
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.