Faktor-Faktor Penyebab Underpricing Di Hari Pertama Perdagangan Di Bursa Efek Indonesia

Peramana, Dwi Chandra (2012) Faktor-Faktor Penyebab Underpricing Di Hari Pertama Perdagangan Di Bursa Efek Indonesia. Other thesis, STIE Bank BPD Jateng.

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A.12.12. DWI CHANDRA PERMANA FAKTOR-FAKTOR PENYEBAB UNDERPRICING DI HARI PERTAMA PERDAGANGAN DI BURSA EFEK INDONESIA.pdf

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Abstract

Underpricing is an IPO phenomenon. The aim of this research is to determine factors that influence underpricing. This research conducted in companies doing IPO at Indonesia Stock Exchange in period of 2005-2011. Underpricing which is measured by initial return is dependent variable. Independent variables of this research are: underwriter reputation, firm size, ROE, rate of foreign currency, EPS, leverage ratio, and industry type. Sample is collected by using purposive sampling, resulting in 88 companies as sample. Multiple regression model used to test relation between independent variables and dependent variable. Regression analysis shows that underwriter reputation, firm size, rate of foreign currency, and leverage ratio have negative and significant influence on the level of underpricing. ROE and EPS have positive and significant influence on the level of underpricing. Industry type do not have significant influence to underpricing.

Item Type: Thesis (Other)
Uncontrolled Keywords: Underpricing, Underwriter Reputation, Firm Size, ROE, Rate of Foreign Currency, EPS, Leverage Ratio, Industry Type.
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
H Social Sciences > HJ Public Finance
Divisions: Faculty of Law, Arts and Social Sciences > School of Art
Depositing User: Magang Magang Siswa
Date Deposited: 19 Feb 2024 05:44
Last Modified: 19 Feb 2024 05:44
URI: http://eprints.stiebankbpdjateng.ac.id/id/eprint/1618

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