ANALISIS PENGARUH INFORMASI KEUANGAN PERUSAHAAN DAN NON KEUANGAN PERUSAHAAN TERHADAP TINGKAT UNDERPRICING SAHAM PERDANA DI BURSA EFEK INDONESIA (Studi empiris pada perusahaan yang IPO periode 2018)

Ulfa Setyaningsih, Theresia Tyas Listyani, Manarotul Fatati

Abstract


Stock underpricing is a situation where the stock price at the time of supply in the primary market lower than when traded in the secondary market. Stock Underpricing is unfavorable phenomenon for companies that go public, because the funds obtained the company was not optimal. This study aimed to analyze the influence of Earning Per Share (EPS), Debt to Equity Ratio (DER), Underwriter Reputation and Age Companies on the level of Underpricing level at the Indonesia Stock Exchange on the company's IPO period of 2018. The study design was quantitative research applied causal. The sampling technique used was purposive sampling, with a total sample of 54 and data used are cross section. Data analysis method used is multiple linear regression operated by SPSS 20.0. The results of this study indicate that the Earning Per Share (EPS) and Debt to Equity Ratio (DER) have no significant effect on the level of underpricing of IPO at the Indonesia Stock Exchange, while Reputation Underwriter and Age Company have significant effect on the level of underpricing of IPO at the Indonesia Stock Exchange.

Keywords


Underpricing Shares; Earning Per Share (EPS); Debt to Equity Ratio (DER); Underwriter Reputation; Age Company

Full Text:

PDF

References


Arman, Agus. 2012. “Pengaruh Umur dan Ukuran Perusahaan, Reputasi Underwriter dan Return On Equity Terhadap Tingkat Underpricing Saham di Bursa Efek Indonesia”. Proceeding for call paper pekan ilmiah dosen FEB, Makasar.

Darmadji, Tjiptono dan Hendi M. Fakhrudin. 2012. Pasar Modal di Indonesia Pendekatan Tanya Jawab. Edisi Kedua. Jakarta: Salemba Empat.

Fahmi, Irham. 2012. Pengantar Pasar Modal. Bandung: Alfabeta.

Ghozali, Imam. 2011. Ekonometrika. Semarang: Badan Penerbit Undip

Hapsari, Venantia Anintya dan Mahfud, M. Kholiq. 2012. “Analisis Faktor –Faktor yang Mempengaruhi Underpricing Saham pada Penawaran Umum Perdana Di BEI Periode 2008-2010”. Diponegoro Journal of Management, Volume 1, No.1, Semarang.

Lutfianto, Ary Sukma. 2013. “Determinan Initial Return Saham Go Public Tahun 2006-2011”. Jurnal Ilmu Manajemen, Volume 1, No.1, Surabaya.

Nadia, Riska dan Rulfah M.Daud. 2017. “Pengaruh Informasi Keuangan dan Non Keuangan Terhadap Initial Return Pada Perusahaan yang Melakukan Penawaran Umum Saham Perdana di Bursa Efek Indonesia Periode 2014-2016”. Jurnal Ilmiah Mahasiswa Ekonomi Akuntansi (JIMEKA), Volume 2, Nomor 3, Aceh.

Pahlevi, Reza Widhar. 2014. “Analisis Faktor-Faktor yang Mempengaruhi Underpricing Saham pada Penawaran Saham Perdana di Bursa Efek Indonesia”. Jurnal Siasat Bisnis, Volume 18, No. 2, Jakarta.

Prawesti, Linggar dan Arum Indrasari. 2014. “Informasi Akuntansi dan Non Akuntansi Terhadap Initial Return Saham”. Jurnal Akuntansi dan Investasi, Volume 15, Nomor 1, Yogyakarta.

Retnowati, Eka. 2013. “Penyebab Underpricing Pada Penawaran Saham Perdana di Indonesia”. Accounting Analysis Journal, Volume 2, No 2, Semarang.

Sugiyono. 2010. Metode Penelitian Pendidikan Pendekatan Kuantitatif, Kualitatif, dan R&D. Bandung: Alfabeta.

Tandelilin, Eduardus. 2010. Portofolio dan Investasi Teori dan Aplikasi. Edisi Pertama. Yogyakarta: Kanisius.


Refbacks

  • There are currently no refbacks.


Copyright (c) 2019 KEUNIS

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Majalah Ilmiah

Program Studi Keuangan dan Perbankan Jurusan Akuntansi

Politeknik Negeri Semarang