Analisis Faktor-Faktor Yang Mempengaruhi Initial Return (Underpricing) Saham Pada Perusahaan Yang Terdaftar Pada Bursa Efek Indonesia / Priskilla Vina Virginia

Virginia, Priskilla Vina (2017) Analisis Faktor-Faktor Yang Mempengaruhi Initial Return (Underpricing) Saham Pada Perusahaan Yang Terdaftar Pada Bursa Efek Indonesia / Priskilla Vina Virginia. Skripsi thesis, Universitas Tarumanagara.

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Abstract

the purpose of this study to examine how do issuing firms age, underwriter reputation, firms size, IPO offer size, earnings per share (EPS), and IPO offer price influence initial return (underpricing). Using data on the IPOs of 83 firms in Indonesia listed at LQ45 on August 2016 and non-LQ45 listed in Indonesia Stock Exchange for period 2011-2014, by applying panel data robust regression analysis. Because our data is not normal. Overall, the results show that only IPO offer price is negatively significant effected on initial return (underpricing) of IPO firms listed in Indonesia Stock Exchange. Issuings firms age, underwriter reputation, firms size, IPO offer size, and EPS no significantly effected on initial return (underpricing) of IPOs firms listed in Indonesia STOCK Exchange. But surprisingly, after separating the sample, the results show that 1) underwriter reputation and IPO offer price are negatively and significantly effected on initial return (underpricing) of IPOs firms listed in LQ45, 2) IPO offer size is positively and significantly effected on initial returns (underpricing) of IPOs firms listed in LQ45.

Item Type: Thesis (Skripsi)
Subjects: Skripsi/Tugas Akhir
Skripsi/Tugas Akhir > Fakultas Ekonomi
Divisions: Fakultas Ekonomi > Manajemen
Depositing User: Puskom untar untar
Date Deposited: 28 Jun 2018 08:58
Last Modified: 28 May 2021 11:45
URI: http://repository.untar.ac.id/id/eprint/1985

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