ANALISIS PENGARUH KINERJA KEUANGAN, UKURAN PERUSAHAAN, REPUTASI UNDERWRITER DAN REPUTASI AUDITOR TERHADAP INITIAL RETURN
Abstract: Initial return is
the shareholder benefits from the difference between the
initial public offering
with the stock closing
price on the secondary
market on the
first day. Initial
public offering (IPO)
of the company is
one of the
ways companies get
funds from the
public. IPO is the
first step to
determine the viability
of a public
company. The purpose of
this study was
to analyze the
effect of financial performance, firm size, underwriter
reputation, and auditor reputation on
initial return. Sampling
was conducted using
purposive sampling method which
produces 83 companies as the study sample. Multiple linear regression
was used to
examine the relationship
between the dependent and
independent variables. Results showed that the effect of independent variables
simultaneously on the initial return. Partially, auditor reputation
is significant negative
effect on initial
return, whereas financial performance,
firm size and
underwriter reputation does not
affect the initial return.
Keywords: initial return,
financial performance, firm size, underwriter reputation, and auditor
reputation
Penulis: EKO SANTOSO, ENI
WURYANI
Kode Jurnal: jpmanajemendd131022
