PENGARUH MEKANISME CORPORATE GOVERNANCE TERHADAP TINGKAT UNDERPRICING IPO (Studi Empiris Pada Perusahaan yang IPO di Bursa Efek Indonesia Tahun 2009- 2014)
Abstract: The purpose of this
research is to examine the impact of corporate governance mechanism to level of
IPO underpricing. This study used
secondary data taken from financial and annually reports one year before company
IPO in Indonesia Stock Exchange for years 2009-2014. This study used judgement
sampling method. Research population comprise all companies that IPO for the
period 2009-2014. A Total sample of 105 companies was used in analysis from
total population 138
companies. Hypotheses in this study indicate that board of
commissioner size, proportion of commissioner independence, board
of director size,
committee audit size, institutional ownership, and
managerial ownership partially affect the level of underpricing. This study
used linier multiple regression analysis for hypotheses testing. Results of this study showed that the
proportion of commissioner independence
and committee audit size
positively affected the level of
underpricing. Board of director had a
negative effect on the level of underpricing. This study, did not find significant
effects of board of commissioner size, institutional ownership and managerial
ownership on the level of IPO underpricing.
Penulis: Reza Auliya, Indira
Januarti
Kode Jurnal: jpakuntansidd150718
