PENGARUH REPUTASI UNDERWRITER, UKURAN PERUSAHAAN, DAN RETURN ON EQUITY TERHADAP UNDERPRICING SAAT IPO DI BEI
| Main Authors: | Jayanarendra, Anak Agung Gede, Wiagustini, Ni Luh Putu |
|---|---|
| Format: | Article info application/pdf eJournal |
| Bahasa: | eng |
| Terbitan: |
Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Udayana
, 2019
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| Online Access: |
https://ojs.unud.ac.id/index.php/Manajemen/article/view/45546 https://ojs.unud.ac.id/index.php/Manajemen/article/view/45546/30531 |
Daftar Isi:
- This study aims to analyze the influence of the factors that influence underpricing on the Initial Public Offering (IPO). The sample of this study amounted to 102 companies that experienced underpricing in 2013-2017 which were listed on the Indonesia Stock Exchange, the sample was conducted based on purposive sampling technique, with the criteria of companies conducting IPOs on the IDX in the period 2013-2017 and experiencing the phenomenon of underpricing. The method of data analysis uses multiple linear regression using the SPSS 20 program. The findings of the study are that company size and return on equity have a significant negative effect on underpricing, while the underwriter's reputation does not affect underpricing. This shows that the higher the size of the company and return on equity, the lower the underpricing of the company. Unlike the reputation of the underwriter who has no influence on underpricing. Keywords: initial public offering, underpricing, underwriter reputation, firm size, return on equity
- mempengaruhi underpricing pada saat Initial Public Offering (IPO). Sampel penelitian ini berjumlah sebanyak 102 perusahaan yang mengalami underpricing pada tahun 2013-2017 yang tercatat di Bursa Efek Indonesia, pengembilan sampel dilakukan berdasarkan teknik purposive sampling, dengan kriteria perusahaan yang melakukan IPO di BEI pada periode 2013-2017 serta mengalami fenomena underpricing. Metode analisis data menggunakan regresi linear berganda dengan program SPSS 20. Temuan penelitian adalah ukuran perusahaan dan return on equity berpengaruh negatif signifikan terhadap underpricing, sedangkan reputasi underwriter tidak berpengaruh terhadap underpricing. Hal ini menunjukkan bahwa semakin tinggi ukuran perusahaan dan return on equity, maka underpricing pada perusahaan semakin rendah. Berbeda dengan reputasi underwriter yang tidak memiliki pengaruh terhadap underpricing. Kata kunci: initial public offering, underpricing, reputasi underwriter, ukuran perusahaan, return on equity