Open AccessAnalisis Pengaruh Faktor-Faktor Terhadap Underpricing pada Penawaran Umum Saham Perdana Di Bursa Efek Indonesia
Author(s) -
Moch Irfandi,
Sri Muljaningsih,
Kiki Asmara
Publication year - 2021
Publication title -
syntax idea
Language(s) - English
Resource type - Journals
eISSN - 2684-883X
pISSN - 2684-6853
DOI - 10.36418/syntax-idea.v3i9.1491
Subject(s) - earnings per share , stock exchange , business , debt to equity ratio , return on assets , equity (law) , return on equity , monetary economics , variables , financial system , debt , earnings , price–earnings ratio , economics , accounting , finance , statistics , mathematics , population , demography , sociology , political science , law , nonprobability sampling
Underpricing is an IPO phenomenon in the capital markets and have been proven by researchers in many countries. This study aims to determine the effect of debt to equity ratio, earnings per share, company age, return on assets on underpricing listed on the Indonesia Stock Exchange in the 2015-2019 period. This study uses multiple linear regression analysis where debt to equity ratio, earnings per share, company age, return on assets as independent variables, and underpricing as dependent variable. This study uses a quantitative approach and the data used in this study are secondary data taken from periodic underpricing data listed on the Indonesia Stock Exchange from 2015 to 2019. The test results show that the variable debt to equity ratio, earnings per share has a positive and significant effect. on underpricing, the firm age variable has no effect on underpricing and the variable return on assets has a negative and significant effect on underpricing.