Tag: Initial public offering
IPO-linked debt-to-equity falls for Indonesian non-financial firms
What the study found Non-financial companies on the Indonesia Stock Exchange generally showed a lower net debt-to-equity ratio (Net DER, a measure of debt relative to equity) after an initial public offering (IPO). The study found a significant decrease in average Net DER, while the median stayed around 0.3. Why the authors say this matters…
Listing changes how policy uncertainty affects R&D investment
Study shows IPOs have dual effects on R&D spending in China: listing encourages investment under policy uncertainty, but political connections gained reduce it.
