The Impact of the Credit Crunch on Initial Public Offering Decision During the Covid-19 Pandemic in Indonesia

This study aims to analyze the impact of a credit crunch on firm's likelihood conducting an IPO during COVID-19 pandemic. The is still limited, majority which focuses financial crises 1998 or 2008. Meanwhile, pandemic was triggered differently, beginning with real sector rather than crisis. On other hand, industry may take into account as solution issue capital shortage brought by Studies effects pandemic's Indonesian businesses have never been done. When crisis hit market, it appears from number companies and shares outstanding IPOs in Indonesia that decline not severe continued undertake IPOs. While growth banking more sensitive nations, nevertheless tends slow down even turn negative epidemic. By using logistic regression test, results show when funding becoming increasingly scarce (credit crunch), would be increasing probability company going for