CD Skripsi
Debt To Equity Ratio, Return On Assets, Ukuran Perusahaan, Reputasi Underwriter Dan Underpricing Pada Saat Melakukan Initial Public Offering
ABSTRACT
This study aims to examine the effect of debt to equity ratio (DER), Return
on assets (ROA), company size, and underwriter reputation on underpricing of
companies that conduct initial public offerings (IPOs). The sample from this study
was 160 companies selected based on certain criteria using the proposive
sampling method on companies listed on the Indonesia Stock Exchange (IDX) in
2017-2020. The data analysis technique used in this research is multiple linear
regression analysis. The sample was processed using the SPSS IBM 25 program.
The results of this study indicate that the debt to equity ratio has a positive and
significant effect on underpricing and, return on assets, company size and
underwriter reputation have a negative and significant effect on underpricing in
companies that carry out IPOs and are listed on the Stock Exchange. Indonesian
Securities for the 2017-2020 period. These results are in line with predictions
from agency theory and signal theory and have implications for stakeholders,
especially investors and potential investors to make investment decisions in the
capital market.
Keywords: debt to equity ratio, return on assets, firm size, underwriter reputation,
underpricing.
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