PENGARUH RETURN ON ASSET, PRICE EARNING RATIO, UKURAN PERUSAHAAN, PROSENTASE PENAWARAN SAHAM, DAN REPUTASI UNDERWRITER TERHADAP TINGKAT UNDERPRICING (Studi Pada Perusahaan yang Melakukan Initial Public Offering di Bursa Efek Indonesia Periode 2008-2015)
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Date
2017-07-20
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Seminar Nasional Akuntansi dan Bisnis (SNAB), Fakultas Ekonomi Universitas Widyatama
Abstract
The purpose of this study was to analyze the influence of financial and non financial factors
against the level of underpricing on the company that launched an Initial Public Offering (IPO) in
Indonesia Stock Exchange during 2008-2015. The dependent variables are underpricing, while the
independent variable is return on assets, price earning ratio, company size, the percentage of stock
offerings, and underwriter reputation. The sample in this research is the 133 companies that
launched an Initial Public Offering (IPO) in Indonesia Stock Exchange during 2008-2015.
Sample selection technique using purposive sampling method. While analyze method in this
research is multiple linear regression on the significance level of 5%. The results showed that the
hypothesis partially company size and the reputation of the underwriter effect negatively to the level
of underpricing. While the return on assets, price earning ratio, and percentage share offer does not
affect the level of underpricing. Simultaneously return on assets, price earning ratio, company size,
the percentage of stock offerings, and underwriter reputation influence to the level of underpricing.
Description
Keywords
Underpricing, Return On Assets (ROA), Price Earning Ratio (PER), Company Size, The Percentage of Stock Offerings, Underwriter Reputation