FAKTOR-FAKTOR YANG MEMPENGARUHI TINGKAT UNDERPRICING PADA SAAT INITIAL PUBLIC OFFERING (IPO) DI BURSA EFEK INDONESIA TAHUN 2007-2016

    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.

    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.

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    Official URL: http://repository.upi.edu
    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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