Penulis Utama : Yan Fathoni
NIM / NIP : F0311120
×

ABSTRAK
Fenomena underpricing terjadi pada hampir semua perusahaan yang melakukan penawaran umum perdana di Indonesia. Beberapa faktor diyakini mampu mempengaruhi tingkat underpricing yang diproksikan dengan return awal saham. Penelitian ini bertujuan untuk mendapatkan bukti empiris mengenai pengaruh variabel independen Debt to Equity Ratio (DER), Earning per Share (EPS), Return on Equity (ROE), jenis industri, reputasi auditor, reputasi underwriter, ukuran perusahaan dan variabel kontrol umur perusahaan terhadap tingkat underpricing saham perusahaan non keuangan.
Metode analisis data yang digunakan dalam penelitian ini antara lain statistik deskriptif, uji asumsi klasik, uji goodness of fit, dan uji hipotesis (uji F dan uji t). Pengujian hipotesis dilakukan dengan metode analisis regresi linear berganda terhadap sampel yang dipilih, yaitu 102 perusahaan non keuangan yang melakukan penawaran umum perdana di Bursa Efek Indonesia pada periode 2007-2014. Pemilihan sampel dilakukan dengan teknik purposive sampling dari 180 populasi yang ada.
Hasil dari pengujian yang dilakukan membuktikan bahwa variabel independen  Earning per Share (EPS) berpengaruh positif terhadap tingkat undepricing, sementara Return on Equity (ROE) dan ukuran perusahaan berpengaruh negatif terhadap tingkat underpricing. Hasil penelitian ini juga membuktikan bahwa variabel independen jenis industri, reputasi auditor dan reputasi underwriter berpengaruh terhadap tingkat underpricing, sedangkan Debt to Equity Ratio (DER) dan variabel kontrol umur perusahaan tidak berpengaruh terhadap tingkat underpricing saham perusahaan non keuangan pada saat penawaran umum perdana.
Kata Kunci:
Tingkat Underpricing, Initial Public Offering (IPO), Debt to Equity Ratio (DER), Earning per Share (EPS), Return on Equity (ROE), Jenis Industri, Reputasi Auditor, Reputasi Underwriter, Ukuran Perusahaan, Umur Perusahaan
ABSTRACT
Underpricing phenomenon occurs in almost all the company's initial public offering in Indonesia. Several factors are believed to be able to influence underpricing level that proxied by initial return. This study aimed to get empirical evidence about the influence of the independent variables Debt to Equity Ratio (DER), Earning per Share (EPS), Return on Equity (ROE), type of industry, auditor reputation, underwriter reputation, firm size and firm age as control variable to underpricing level of non-financial company shares.
Data analysis methods used in this study include descriptive statistics, classic assumption test, goodness of fit test, and hypothesis testing (F test and t test). Hypothesis testing was done by using multiple linear regression analysis method on selected samples, there were 102 non-financial companies that do initial public offering on Indonesian Stock Exchange over the 2007-2014 period. The sample selection was done by using purposive sampling from 180 population.
The results of testing were performed prove that the independent variable Earning per Share (EPS) had positive significant effect on underpricing level, while Return on Equity (ROE) and firm size had significant negative effect on underpricing level. The results also prove that the independent variables type of industry, auditor reputation and underwriter reputation affecting underpricing level, meanwhile Debt to Equity Ratio (DER) and the control variable firm age had no significant effect on underpricing level of non-financial company shares during initial public offering.
Keywords:
Underpricing Level, Initial Public Offering (IPO), Debt to Equity Ratio (DER), Earning per Share (EPS), Return on Equity (ROE), Type of Industry, Auditor Reputation, Underwriter Reputation, Firm Size, Firm Age

×
Penulis Utama : Yan Fathoni
Penulis Tambahan : -
NIM / NIP : F0311120
Tahun : 2015
Judul : Analisis Faktor-Faktor yang Mempengaruhi Tingkat Underpricing pada Perusahaan Non Keuangan yang Melakukan Initial Public Offering di Bursa Efek Indonesia pada Periode 2007-2014
Edisi :
Imprint : Surakarta - F. Ekonomi dan Bisnis - 2015
Program Studi : S-1 Akuntansi
Kolasi :
Sumber : UNS-F. Ekonomi dan Bisnis Prog. DIII Akuntansi-F0311120-2015
Kata Kunci :
Jenis Dokumen : Skripsi
ISSN :
ISBN :
Link DOI / Jurnal : -
Status : Public
Pembimbing : 1. Prof. Dr. Rahmawati, M.Si., Ak., C.A.
Penguji :
Catatan Umum :
Fakultas : Fak. Ekonomi dan Bisnis
×
File : Harus menjadi member dan login terlebih dahulu untuk bisa download.