The Multiple Facets of Crisis and Its Impact on IPO Underpricing

Ng, Frank W.

doi:10.1057/978-1-137-48887-9_1

Cited by 2 publications

(3 citation statements)

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“…Uncertainty for businesses can be driven by elements relating to the economy, environment, and society (Daft et al, 2010). Because the company cannot reliably foresee potential changes in the future, environmental uncertainty exists (Frank, 2016).…”

Section: Environmental Uncertainty and Firm Performancementioning

confidence: 99%

“…Mulyani (2020), Minister of Finance of the Republic of Indonesia, asserts that the COVID-19 pandemic-related uncertainty influenced Indonesia's economic circumstances in 2021. As Widodo (2021), President of the Republic of Indonesia, declared the pandemic circumstances to continue create severe uncertainty, which Frank (2016) refers to the inability to precisely identify upcoming environmental changes. While environmental uncertainty affects organizations (Yu et al, 2016), empirical studies showed improved organizational performance during environmental uncertainty (Mukherji & Mukherji, 2017;Abdallah & Persson, 2014;Bastian & Muchlish, 2012;Sung et al, 2010).…”

Section: Introductionmentioning

confidence: 99%

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Exploring the impact of environmental uncertainty and strategic management accounting on competitive advantage and performance: Empirical insights from SMEs in Indonesia

Kenisah,

Carolina

2024

IJAIR

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Small and medium-sized businesses (SMEs) in Indonesia have suffered significantly because of the COVID-19 pandemic that led to unpredictability of operational performance. Hence, SMEs must formulate the right strategies and innovative techniques to be able to hurdle the challenges. In this study, the numerous factors influencing SMEs’ performance are evaluated to determine their impact on internal business procedures. Performance, environmental uncertainty, the use of strategic management accounting, and competitive advantage with a focus on product differentiation are the variables examined. This study employs a quantitative methodology and questionnaire-based data collection approaches. Furthermore, structural equation modelling is used to process the gathered data. According to the data collected from 167 respondents across 67 firms, environmental uncertainty has a negative impact on business performance, but has no effect on the usage of strategic management accounting. While having a positive impact on the competitive advantage that focuses on product differentiation, the use of strategic management accounting has no impact on performance. Furthermore, performance is positively impacted by a competitive advantage that emphasizes product differentiation. The results of this research contribute to the development of accounting science, especially management accounting. Meanwhile, the practical contribution for SMEs is in terms of increasing their competitive advantages.

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Section: Environmental Uncertainty and Firm Performancementioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Exploring the impact of environmental uncertainty and strategic management accounting on competitive advantage and performance: Empirical insights from SMEs in Indonesia

Kenisah,

Carolina

2024

IJAIR

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“…In the Asian equity market, initial public offering (IPO) is a common means of raising capital and is among the important drivers of economic development (Ng, 2016). Additionally, the market has been subjected to substantial risks and volatility, which could manifest in higher IPO initial returns on the first trading day (Vithessonthi, 2014).…”

Section: Introductionmentioning

confidence: 99%

Academic directors and IPO initial returns

Badru

Zaluki

Hussin

2018

IJBGE

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This study examines the impact of academic directors on IPO initial returns. With a sample of 208 Malaysian IPOs over the period of 2005 to 2015 and applying a quantile regression (QR) technique, this study finds that the academic directors are significantly and negatively associated with IPO initial returns, indicating IPOs with more directors from the academia can better serve as a signal of a company's quality. Such directors are perceived by potential investors as intellectuals capable of providing knowledgeable skills in complex decision-making, like IPO, as well as advising and monitoring the management. These findings indicate that IPO issuers can demonstrate their quality through a highly educated board.

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The Multiple Facets of Crisis and Its Impact on IPO Underpricing

Cited by 2 publications

References 50 publications

Exploring the impact of environmental uncertainty and strategic management accounting on competitive advantage and performance: Empirical insights from SMEs in Indonesia

Exploring the impact of environmental uncertainty and strategic management accounting on competitive advantage and performance: Empirical insights from SMEs in Indonesia

Academic directors and IPO initial returns

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