Underpricing and Intellectual Capital Disclosure: Evidence from Indonesia
Ari Kuncara Widagdo
Global Business Review, 2020, vol. 21, issue 6, 1325-1337
In this study, we investigate the relationship between intellectual capital disclosure and underpricing. We did interviews and gave questionnaires to practitioners and academics to develop intellectual capital disclosure measurement methods (in this case, it is the weighted disclosure index). The analysis result of 189 companies which did initial public offerings in Indonesia during 2000â€“2014 shows that intellectual capital disclosure affects negatively on underpricing. It indicates that intellectual capital disclosure can reduce asymmetry information between the issuer and the potential investor. In addition, intellectual capital disclosure can assist potential investors in assessing the companyâ€™s quality and prospects.
Keywords: Initial public offering; intellectual capital disclosure; underpricing (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:sae:globus:v:21:y:2020:i:6:p:1325-1337
Access Statistics for this article
More articles in Global Business Review from International Management Institute
Bibliographic data for series maintained by SAGE Publications ().