Claim Missing Document
Check
Articles

Found 1 Documents
Search

PERAN FIRM AGE DALAM MEMODERASI PENGARUH UNDERWRITER REPUTATION DAN FIRM SIZE TERHADAP UNDERPRICING PADA PERUSAHAAN IPO PERIODE 2021-2024 Muhammad Abduloh Nashih Ulwan; Suharti
Moneta: Jurnal Manajemen & Keuangan Syariah Vol. 5 No. 1 (2026): MONETA : Jurnal Manajemen dan Keuangan Syariah
Publisher : Program Studi Manajemen Keuangan Syariah IAIN Parepare

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35905/moneta.v5i1.18533

Abstract

This study aims to analyze the effects of underwriter reputation and firm size on IPO underpricing and to examine the moderating role of firm age in companies conducting Initial Public Offerings (IPOs) on the Indonesia Stock Exchange during the 2021–2024 period. This study employs a quantitative approach using secondary data obtained from company prospectuses. The sample was selected using a purposive sampling technique, and the data were analyzed using Moderated Regression Analysis (MRA). The results indicate that underwriter reputation has no significant effect on IPO underpricing, whereas firm size has a positive and significant effect on underpricing. Furthermore, firm age significantly moderates the relationship between underwriter reputation and IPO underpricing but does not moderate the relationship between firm size and underpricing. These findings suggest that firm size is a more influential determinant of underpricing than underwriter reputation, while firm age only strengthens the relationship between underwriter reputation and underpricing.