Analisis Pengaruh ROA, EPS, Financial Leverage, Proceed, Dan Reputasi Underwriter Terhadap Tingkat Underpricing Pada Penawaran Perdana Di Bursa Efek Indonesia (BEI)

Putri W., Ika Lusida (2012) Analisis Pengaruh ROA, EPS, Financial Leverage, Proceed, Dan Reputasi Underwriter Terhadap Tingkat Underpricing Pada Penawaran Perdana Di Bursa Efek Indonesia (BEI). Other thesis, STIE Bank BPD Jateng.

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Abstract

Initial Public Offering (IPO) is company’s activities undertaken in the framework of the initial sales public offering. The shares listed on the primary market generally are prefered by investors because it gives the initial return. Positif return indicates the underpricing of shares in the primary market when it entered the secondary market. underpricing is a condition in which the share price at the time of the initial offering price is relatively cheaper than in the secondary market. This study aims to examine the effect of return on asset (ROA), earning per share (EPS), financial leverage, proceed, and underwriter reputation on underpricing. The underpricing proxies with initial return which was measured by the difference between the rganization’s shares price on the first day in the secondary market and the IPO. The study population was companies which is performing IPO during the period 2006 to 2010. During that period there were 64 companies that could be used as a sample. This study used multiple regression. Empirical results of this study indicate that partially return on assets (ROA) and the underwriters’reputation have a significant negative effect on underpricing, earnings per share (EPS) have a significant positive effect on underpricing, financial leverage ratios and the size of the offering (proceed) had no effect on underpricing.

Item Type: Thesis (Other)
Uncontrolled Keywords: IPO, underpricing, return on asset (ROA), earning per share (EPS), financial leverage, ukuran penawaran (proceed), dan reputasi underwriter.
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
Divisions: Faculty of Law, Arts and Social Sciences > School of Art
Depositing User: Magang Magang Siswa
Date Deposited: 20 Feb 2024 02:54
Last Modified: 20 Feb 2024 02:54
URI: http://eprints.stiebankbpdjateng.ac.id/id/eprint/1739

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