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"Penelitian ini bertujuan untuk menganalisis pengaruh Indeks Economic Policy Uncertainty (EPU) terhadap tingkat underpricing perusahaan yang melakukan Initial Public Offering (IPO) di Indonesia pada tahun 2013 – 2023. Underpricing dalam IPO adalah fenomena dimana harga saham pada penutupan hari pertama lebih tinggi dibandingkan dengan harga penawaran. Hal ini sering kali mengakibatkan perusahaan yang melakukan IPO kehilangan potensi pendapatan yang signifikan. Tingkat ketidakpastian kebijakan ekonomi global yang tinggi diyakini mempengaruhi tingkat underpricing ini. Penelitian ini menggunakan data dari perusahaan-perusahaan yang tercatat di Bursa Efek Indonesia selama periode tersebut. Indeks EPU diukur berdasarkan frekuensi liputan berita di media terkait kebijakan ekonomi, dan dianalisis untuk melihat korelasinya dengan tingkat underpricing saham IPO. Faktor-faktor lain seperti ukuran perusahaan, usia perusahaan, harga penawaran, dan risiko penawaran juga dipertimbangkan dalam analisis. Hasil penelitian menunjukkan bahwa terdapat pengaruh, tetapi tidak signifikan antara EPU dengan tingkat underpricing IPO. Ketidakpastian kebijakan ekonomi yang lebih tinggi cenderung meningkatkan tingkat underpricing, yang menunjukkan bahwa investor mungkin menuntut diskon lebih besar dalam kondisi ketidakpastian ekonomi. Penelitian ini memberikan kontribusi penting terhadap literatur keuangan dan dapat membantu perusahaan, regulator, serta investor dalam membuat keputusan yang lebih informasional terkait IPO dalam kondisi ketidakpastian kebijakan ekonomi.

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This research aims to analyze the influence of the Economic Policy Uncertainty (EPU) Index on the level of underpricing of companies conducting Initial Public Offerings (IPOs) in Indonesia in 2013 – 2023. Underpricing in an IPO is a phenomenon where the share price at the close of the first day is higher compared to bid price. This often results in companies conducting an IPO losing significant potential revenue. The high level of global economic policy uncertainty is believed to influence this level of underpricing. This research uses data from companies listed on the Indonesia Stock Exchange during that period. The EPU index is measured based on the frequency of news coverage in the media related to economic policy, and analyzed to see its correlation with the level of underpricing of IPO shares. Other factors such as company size, company age, offering price, and offering risk are also considered in the analysis. The research results show that there is an influence, but not significant, between EPU and the level of IPO underpricing. Higher economic policy uncertainty tends to increase the level of underpricing, indicating that investors may demand larger discounts in conditions of economic uncertainty. This research makes an important contribution to the financial literature and can help companies, regulators and investors make more informed decisions regarding IPOs in conditions of economic policy uncertainty."

"More specific objectives of this book are to: (1) discuss the developments of macroeconomic and trade policy mix against the backdrop of the eurozone sovereign debt crisis and economic prospects, (2) assess the effectiveness of policy responses to the global economic unrest, (3) identify opportunities and challenges facing Southeast Asia in the midst of the global economic slump, (4) rethink the East Asian model of growth where enormous gains were driven principally by export demands from advances economies, and (5) pioneer the key areas of regional cooperation and macroeconomic and trade policy reforms that may potentially strengthen regional economies."

"Over the last few decades, East Asian economies has emerged as the most dynamic growth center of the world economy. The spectacular success of Fast Asia's outward-oriented industrialization demonstrated a dynamic nexus of comparative advantage changes and industrial modernization — multiple catching up-flying geese pattern of industrialization. At the same time, there has also been an increase in regional bias economic interdependence of these economies. Thus, this study focuses on the "challenges and opportunities of the restructuring efforts of the East Asian economies in the 1990s and the need for a conducive regional cooperation to accelerate and sustain the East Asian dynamism. The study of the resulting structural and industrial shift behavior in East Asia is undertaken by using a sort of descriptive technique on: RCA Index — to discern the shift pattern of trade and industrial specialization and structural adjustment, and Iff Index, to examine the degree of complementarity and economic integration in the region. The basic idea is to evaluate the extent to which the resultant structural adjustment of East Asian Economies over the last few decades have led to a market driven integration in the region. The study has confirmed many important behavioral relationships between the export-led industrialization and structural adjustment in East Asia region. The East Asian economies' industrial structures have become increasingly competitive and complementary, in which a very sophisticated sub-regional division of labor has been developed according to the domestic corresponding comparative advantage, factor and technologically capacity. At the same time, the study also conveys clearly that in the wake of outward-oriented mechanism of economic growth, a de facto economic integration has been evolved and seems to be continuously strengthened in East Asia. 'Ile progress of intra-industry trade intensified the direct interdependence of industrial structural among East Asian countries, and hence contributes to the natural formation of an organically integrated economic community among them on the basis of trade-investment nexus. The implications drawn from this study suggests that, in today's increasingly interdependent, globalized, and competitive international trade environment, it is likely that the region's policy makers have recently find it necessary to consider an institutional mechanism for regional economic cooperation — open regionalism -- to continue the existing East Asian dynamism. Given the need for more coordination and harmonization of national policies, the region's economies should reframe and/or establish congenial macro-economic framework to expedite and maximize the benefits of the ongoing market driven integration growth. The participative synergy generated through regional cooperation may also provide the impetus for infusing greater dynamism in the trade expansion efforts which will be diffused throughout the region and even throughout the world 'economy."