CD Skripsi
Analisis Faktor – Faktor Yang Mempengaruhi Tingkat Underpricing Saham Pada Saat Initial Public Offering (Ipo) Di Bursa Efek Indonesia Periode 2015 - 2019
ABSTRACT
This study aims to determine the factors that influence the level of stock
underpricing in companies conducting IPOs. The population in this study includes all
companies that conducted IPOs on the IDX for the period 2015 – 2019 which
amounted to 181 companies. The type of data is in the form of secondary data
collected from existing data sources and can be accessed via the internet, namely in
the form of annual financial reports and prospectus as instruments to prove the result
of the study, to test the hypothesis in this study using regression analysis with the
help of the SPSS program. The sampling technique that has been chosen is purposive
sampling (60 companies that have IPOs on the IDX for the period 2015 – 2019). The
results showed that : Underwriter’s reputation did not have a significant effect on the
level of underpricing, company age had no effect on underpricing, Financial leverage
had a significant possive effect on underpricing, Retusn on assets (ROA) had a
significant negative effect on underpricing.
Key words : Underpricing, Underwriter, Company Age, Financial Leverage, ROA
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