Title : Investor Sentiment, Market Volatility, and IPO Initial Returns
Authors :
- Wisudanto Mas Soeroto
- Sahdan Saputra
- Vanesa Aristanti Arifin
- Zahwaril Hasina
- Tri Veny Putri
Department :
Journal Name : Financial and Banking Journal
Kinds of Journal : Sinta 2
Keywords : Investor Sentiment, Market Volatility, Initial Public Offering (IPO), and Initial Returns
ABSTRACT
This research looks to determine the impact of investor sentiment and market volatility on the IPO initial return when an issuer Conducts an Initial Public Offering (IPO). This research lasted ten years, from 2009 to 2020, with a total issuer of 237 Conducting Initial Public Offering (IPOS) on the Indonesia Stock Exchange. The total number of issuers conducting an initial public offering (IPO) met the purposive sampling criteria is 285. multiple linear regression analysis, with control variables such as gap of days, firm age, ipo size, and firm size, is used to determination Volatility on IPO Initial Returns. The Findings Showed that Investor Sentiment and Market Volatility Positively Affected the IPO Initial Return During the Study Period. This research aims to increase investor awareness of the importance of the IPO stock price, increased the initial return in the future. In Indonesia, the Financial Services Authority (OJK) Plays a critical role in policies that facilitate Indonesian investors' monitoring of the volatility of stock price changes in the market.
For details : https://jurnal.unmer.ac.id/index.php/jkdp/article/view/6119
