PENGARUH REPUTASI AUDITOR, UKURAN PERUSAHAAN, FINANCIAL LEVERAGE DAN RETURN ON ASSETS (ROA) TERHADAP UNDERPRICING SAHAM PADA PERUSAHAAN YANG MELAKUKAN IPO DI BURSA EFEK INDONESIA TAHUN 2021-2023

Rosalia, Heidy (2024) PENGARUH REPUTASI AUDITOR, UKURAN PERUSAHAAN, FINANCIAL LEVERAGE DAN RETURN ON ASSETS (ROA) TERHADAP UNDERPRICING SAHAM PADA PERUSAHAAN YANG MELAKUKAN IPO DI BURSA EFEK INDONESIA TAHUN 2021-2023. Masters thesis, Universitas Tarumanagara.

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Abstract

Penelitian ini bertujuan untuk menganalisisapengaruh reputasi auditor, ukuran perusahaan, financialaleverage, dan return on asset (ROA) terhadap fenomena underpricing saham pada perusahaanayang melakukan InitialaPublic Offering (IPO) di Bursa EfekaIndonesia (BEI) pada periode 2021 hingga 2023. IPO merupakan mekanisme penting untuk perusahaan mengumpulkan dana, namun seringkali mengalami perbedaan harga antaraapasar perdana danapasar sekunder, yang dikenal sebagai underpricing. Faktor-faktorayang ditelitiadalam penelitianaini meliputi reputasiaauditor, ukuran perusahaan, financial leverage, dan ROA. Penelitian iniamenggunakan metode purposiveasampling dengan sampel sebanyak 131 perusahaanayang memenuhi kriteria dari 192 perusahaan yang terdaftar di BEI. Hasil analisis menunjukkanabahwa reputasiaauditor berpengaruh signifikan terhadapaunderpricing saham, sementara ukuran perusahaan, financial leverage, dan ROA tidak berpengaruhasignifikan. Tetapi, keempat variabel tersebut, secara Bersama-sama berpengaruh signifikan terhadap nilai saham underpricing. Kesimpulan ini memberikan pemahaman mengenai faktor-faktorayang mempengaruhi underpricingssaham pada perusahaanaIPO di Indonesia, dengan menekankan pentingnya reputasi auditor dalam meningkatkan kredibilitas dan kepercayaan investor. Kata Kunci: Reputasi Auditor, Ukuran Perusahaan, Financial Leverage, Return on Asset (ROA), Underpricing Saham, Initial Public Offering (IPO) This study aaims to analyze the impact of auditor’s reputation, company size, financial leverage, and return on assets (ROA) on the phenomenon of stock underpricingain companies that conducted Initial PublicaOfferings (IPOs) on the IndonesiaaStock Exchange (IDX) from 2021 to 2023. IPOs are an important mechanism for companies to raise funds; however, they often experience price discrepancies betweenathe primary and secondaryamarkets, known as underpricing. The factors examined in this study include auditor’s reputation, companyasize, financialaleverage, and ROA. The research uses purposive sampling with aasample of 131 companies that meet the criteria from the 192 companiesalisted on the IDX. The analysis results show that auditor’s reputation significantly affects stock underpricing, while company size, financial leverage, and ROA do not have a significant impact. However, theseafour variables collectively have aasignificant effectaon stock underpricing. The conclusion provides insights into the factors influencing stock underpricing in IPO companies inaIndonesia, emphasizing the importanceaof auditor reputation in enhancing credibility and investor confidence. Keywords: Auditor’s Reputation, Company Size, Financial Leverage, Return on Asset (ROA), Underpricing Saham, Initial Public Offering (IPO)

Item Type: Thesis (Masters)
Subjects: Skripsi/Tugas Akhir
Skripsi/Tugas Akhir > Fakultas Ekonomi
Divisions: Fakultas Ekonomi > Akuntansi
Depositing User: FE Perpus
Date Deposited: 07 May 2025 06:47
Last Modified: 07 May 2025 06:47
URI: http://repository.untar.ac.id/id/eprint/46659

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