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)

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.