Analysis of the Effect of Financial Ratios on Stock Underpricing in Companies that do IPO on the Indonesia Stock Exchange
Repository Politeknik Negeri Batam
Date
2024-07-04
Authors
Pramestie, Dephi Fadillah
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Abstract
This study aims to find the effect of independent variables consisting of financial
leverage, return on assets, return on equity, earnings per share, and firm size on the
dependent variable, namely the underpricing value of companies listed on the Indonesia
Stock Exchange. This type of research is quantitative research that focuses on processing
the statistical results of the data obtained. Determination of the company sample using
purposive sampling and obtained data from 48 companies taken from 2019-2023. The
hypothesis testing used is the T test. The test results state that financial leverage, return on
equity, and earnings per share have a significant effect on underpricing. In contrast, the
return on assets and firm size variables do not affect stock underpricing.
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APA