Work

IPOs and Stock Returns: The Role of Capital Structure, Firm Size, Profitability, and Firm Value

Year: 2025

Type: article

Abstract: The aim of this research is to empirically test the relationship between stock returns and capital structure, company size, profitability and company value. The population in this study are companies that conducted an Initial Public Offering (IPO) on the Indonesia Stock Exchange (BEI) in 2020-2023. The sample was determined using the purposive sampling method. Data were analyzed using panel data analysis techniques. The results of this study found that company size has a positive effect on stock returns, while capital structure and profitability have no effect on stock returns and company value has a negative effect on stock returns.

Source: E-Jurnal Akuntansi

DOI: 10.24843/eja.2025.v35.i07.p11

Authors: Stevanus Andiyanto, Amir, Edi Joko Setyadi, Selamet Eko Budi Santoso

Institution: Muhammadiyah University Purwokerto

Language: English

Topic: Financial Analysis and Corporate Governance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: diamond

Funders: Universitas Udayana, Universitas Jember