PENGARUH VARIABEL KEUANGAN DAN NON KEUANGAN TERHADAP UNDERPRICING PADA SAHAM PERUSAHAAN YANG MELAKUKAN INITIAL PUBLIC OFFERING DI BURSA EFEK INDONESIA
Abstract: This research is
aimed to determine and to analyze the effect of financial variables that
consist of return on assets (ROA), debt to equity ratio (DER), the amount of
the company (size), earnings per share (EPS), the size of stocks offering
(proceeds) and non financial variables that consist of firm age, underwriter
reputation, auditors reputation, inflation, and interest rates effect on
underpricing of company stock doing Initial Public Offering (IPO) in Indonesia
Stocks Exchange (January 2007 to June 2012). The analysis method that is used
multiple linear regression analysis. The sample of this research is 67
companies.
The results of this research is ROA, DER, the amount of the company
(size), earnings per share, the size of the stock offering (proceeds), the age
of the company, underwriter reputation, auditor reputation, inflation, and
interest rates with significancy (α = 5%), simultaneously effect on
underpricing. Partially, only underwriter reputation that significantly and
negatively related to underpricing, while ROA, DER, the amount of the company
(size), EPS, the size of the stock offering (proceeds), age of firm, auditor
reputation, inflation, and interest rates didn’t significantly effect on
underpricing of company stock doing Initial Public Offering (IPO) in Indonesia
Stocks Exchange (January 2007 to June 2012).
Key Word: return on asset,
debt to equity ratio, the amount of the company (size), earning per share, the
size of the stock offering (proceeds), the age of the company, underwriter reputation,
the reputation of auditors, inflation, interest rates, and underpricing
Penulis: asih yuli astuti,
syahyunan syahyunan
Kode Jurnal: jpmanajemendd130595
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