Intellectual Capital on Initial Return: Evidence in Initial Public Offering Companies

Abstract

This study aims to examine the effect of intellectual capital on initial returns. This study used a population of all companies that made an initial public offering during the 2020 pandemic. This study used a purposive sampling technique using certain criteria. Obtained 42 companies that meet the sample criteria. This study uses a regression test that is processed using SPSS. This study found that the company's intellectual capital does not affect the initial return.