Jeanne, Maria
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Pengaruh Reputasi Underwriter, Umur Perusahaan, dan Persentase Penawaran Saham 53 kepada Publik terhadap Underpricing: Studi pada Perusahaan yang Go Public pada Tahun 2010 – 2014 dan Terdaftar di Bursa Efek Indonesia Jeanne, Maria; Eforis, Chermian
Ultimaccounting Jurnal Ilmu Akuntansi Vol 8 No 1 (2016): ULTIMA Accounting
Publisher : Universitas Multimedia Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31937/akuntansi.v8i1.577

Abstract

The objective of this research is to obtain empirical evidence about the effect of underwriter reputation, company age, and the percentage of share's offering to public toward underpricing. Underpricing is a phenomenon in which the current stock price initial public offering (IPO) was lower than the closing price of shares in the secondary market during the first day. Sample in this research was selected by using purposive sampling method and the secondary data used in this research was analyzed by using multiple regression method. The samples in this research were 72 companies conducting initial public offering (IPO) at the Indonesian Stock Exchange in the period January 2010 - December 2014; perform initial offering of shares; suffered underpricing; has a complete data set forth in the company's prospectus, IDX monthly statistics, financial statement and stock price site (e-bursa); and use Rupiah currency. Results of this research were (1) underwriter reputation significantly effect on underpricing; (2) company age do not effect on underpricing; and (3) the percentage of share's offering to public do not effect on undepricing. Keywords: company age, the percentage of share's offering to public, underpricing, underwriter reputation.