Open AccessFAKTOR-FAKTOR YANG MEMPENGARUHI TINGKAT UNDERPRICING SAHAM PADA PERUSAHAAN YANG MELAKUKAN INITIAL PUBLIC OFFERING YANG TERDAFTAR DI BURSA EFEK INDONESIA
Author(s) -
M. Hendra Gunawan,
Viriany Jodin
Publication year - 2017
Publication title -
buletin ekonomi fakultas ekonomi universitas tarumanagara
Language(s) - English
Resource type - Journals
ISSN - 0854-9842
DOI - 10.24912/je.v20i2.155
Subject(s) - debt to equity ratio , return on assets , nonprobability sampling , business , return on equity , earnings per share , population , regression analysis , initial public offering , business administration , earnings , accounting , financial system , stock exchange , finance , statistics , mathematics , demography , sociology
The purpose of this study is to obtain empirical evidence of return on assets, debt to equity ratio, earnings per share, firm age, firm size and the percentage of stock offering to the public of the level of underpricing of shares in a company which do initial public offering in Bursa Efek Indonesia. The population in this study is all companies that do an initial public offering listed in the Bursa Efek Indonesia with period of 2007 to 2012, which amounted to 125 companies that obtained through field studies in Bursa Efek Indonesia. Samples are selected by using purposive sampling method amounted to be 66 companies. The method of analysis in this study using multiple regression analysis. Purpose to through analysis multiple regression is to prove the effect of each six variables about level of underpricing. The results of this study showed that return on assets and firm size which have a significant influence on the level of underpricing.