Ririn Indrawati, - (2018) FAKTOR-FAKTOR YANG MEMPENGARUHI TINGKAT UNDERPRICING PADA SAAT INITIAL PUBLIC OFFERING (IPO) DI BURSA EFEK INDONESIA TAHUN 2007-2016. S1 thesis, Universitas Pendidikan Indonesia.
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Abstract
Underpricing merupakan suatu fenomena yang terjadi apabila harga saham pada pasar perdana (IPO) lebih rendah dibandingkan dengan harga saham pada pasar sekunder pada hari pertama. Underpricing inilah yang dapat merugikan perusahaan. Tujuan suatu perusahaan melakukan IPO adalah untuk menghimpun dana dari masyarakat. Jika underpricing terjadi saat perusahaan melakukan IPO maka dana yang didapatkan tidak akan maksimal, dan hal inilah yang merugikan perusahaan. Fenomena underpricing ini telah banyak terjadi di pasar modal Indonesia maupun luar negeri. Tujuan penelitian ini adalah untuk menganalisis faktor-faktor yang mempengaruhi terjadinya underpricing pada saat Initial Public Offering (IPO) di Bursa Efek Indonesia periode 2007-2016. Variabel yang diteliti adalah rasio profitabilitas, rasio solvabilitas, rasio saham, reputasi underwriter, reputasi auditor, ukuran perusahaan , umur perusahaan, dan presentase penawaran saham. Populasi penelitian ini adalah perusahaan yang melakukan IPO di Bursa Efek Indonesia tahun 2007-2016. Pengambilan sampel menggunakan teknik purposive sampling, sampel yang digunakan dalam penelitian ini berjumlah 131 perusahaan. Data yang digunakan dalam penelitian ini adalah data sekunder. Metode analisis data menggunakan analisis regresi berganda. Hasil dari penelitian ini menunjukkan bahwa variabel reputasi underwriter memiliki pengaruh dengan arah negatif terhadap tingkat underpricing, sedangkan rasio profitabilitas, rasio solvabilitas, rasio saham, reputasi auditor, ukuran perusahaan, umur perusahaan, dan presentase penawaran saham tidak berpengaruh terhadap tingkat underpricing. Kata kunci: Underpricing, Initial Public Offering ;---market. This underpricing can make company loses. The purpose of a company to do IPO is to raise funds from the public. If underpricing occurred when a company conducts an IPO, the funds obtained will not be maximized, and this is what is detrimental to the company. This underpricing has occurred in Indonesia and in foreign capital markets. The purpose of this study was to analyze the factors that influence the occurrence of underpricing during the Initial Public Offering (IPO) on Indonesia Stock Exchange in 2007-2016. These factors are profitability ratio, solvability ratio, stock ratio, underwriter reputation, auditor reputation, company size, company age, and percentage of stock offerings. The population used in this research are the companies that perform Initial Public Offering (IPO) on the Indonesia Stock Exchange from 2007 until 2016. By using purposive sampling, the sample used in this research amounted to 131 companies. The data used in this research is secondary data. The study was conducted using multiple linear regression analysis. The results showed that variable underwriter reputation has an affect with a negative direction on the level of underpricing, and while profitability ratio, solvability ratio, stock ratio, auditor reputation, company size, company age, and percentage of stock offerings doesn’t affect the level of underpricing.
| Item Type: | Thesis (S1) |
|---|---|
| Additional Information: | No. Panggil : S PEA RIR f-2018; Nama Pembimbing : I Imas Purnamsari, II. Umar Parak; NIM : 1101085. |
| Uncontrolled Keywords: | Underpricing, Initial Public Offering (IPO), Profitabilitas, Return on Asset (ROA), Solvabilitas, Debt to Equity Ratio (DER), Rasio Saham, Earning per Share (EPS), Reputasi Underwriter, Reputasi Auditor, Ukuran Perusahaan, Umur Perusahaan, Presentase Penawaran Saham, Underpricing, Initial Public Offering (IPO), Profitability, Return on Asset (ROA), Solvability, Debt to Equity Ratio (DER), Stock Ratio, Earning per Share (EPS), Underwriter Reputation, Auditor Reputation, Company Size, Company Age, percentage of stock offerings. |
| Subjects: | H Social Sciences > HF Commerce H Social Sciences > HF Commerce > HF5601 Accounting |
| Divisions: | Fakultas Pendidikan Ekonomi dan Bisnis > Pendidikan Akuntansi |
| Depositing User: | Ryan Taufiq Qurrohman |
| Date Deposited: | 23 Jan 2020 02:28 |
| Last Modified: | 23 Jan 2020 02:28 |
| URI: | http://repository.upi.edu/id/eprint/45276 |
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