Analisis Faktor-Faktor yang Mempengaruhi Underpricing pada Penawaran Umum Perdana di Bursa Efek Indonesia (BEI) Periode 2014-2016 (Studi Perusahaan Non Keuangan yang Terdaftar di Bei 2014-2016)
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Date
2018-07-30
Authors
Silaban, Vicky Joel Parulian
Journal Title
Journal ISSN
Volume Title
Publisher
Politeknik Negeri Batam
Abstract
This study aims to analyze the factors that affect the occurrence of underpricing
in companies that go public (Studies on companies listed on the Indonesia Stock
Exchange 2012-2014). Factors used in this research are Reputation of
Underwriter, Company Size, Return on Asset (ROA) and Earning Per Share
(EPS). The sample selection method used is Purposive Sampling and the sample
used is 41 samples of companies conducting Initial Public Offering. This research
uses by using partial test. The result of partial regression analysis shows that only
Reputation of Underwriter and Company Size has significant effect on
underpricing. with a tcount greater than ttable. While the significance value of the
two variables smaller than the level of significance of 0.1. For companies that
conduct IPOs in the future, it is advisable to pay attention to the reputation of
underwriters, company size, ROA and EPS because in this study has a positive
correlation coefficient of underpricing. A good underwriter's reputation, company
size, ROA and EPS will lower the underpricing so that the company's profits will
be greater. For investors who will invest in IPO companies can pay attention to
Reputation of underwriters, the size of the company because it can be used as one
of the considerations in investing capital so that the profits can be maximized. In
this study the reputation of underwriters, firm size, ROA and EPS have negative
correlation coefficients against underpricing. The higher the underwriter's
reputation, firm size, ROA and EPS will lower underpricing.
Description
Keywords
Manajemen Bisnis, Administrasi Bisnis Terapan, Manajemen dan Ilmu yang Berkaitan, Underpricing, Bursa Efek Indonesia