Kukuh Budianto
Sekolah Tinggi Ilmu Ekonomi Indonesia Malang

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PENGARUH INFORMASI NON-AKUNTANSI DAN KETIDAKPASTIAN EX-ANTE TERHADAP IPO UNDERPRICING DAN NILAI PERUSAHAAN Kukuh Budianto
Jurnal Akademika Vol 18, No 1 (2020): Februari 2020
Publisher : STIE Indonesia Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (174.82 KB) | DOI: 10.51881/jam.v18i1.187

Abstract

Underpricing phenomenon occurs in stock markets in the world, including in the UK, in Australia, in the United States, in South Africa, in Korea in, China, in Malaysia and in Indonesia. Previous studies discussing the influence of Non-Accounting Information variables and Ex-Ante Uncertainty on IPO Underpricing and Firm Value give different results, the effect of Underpricing IPO variable on Company Value in the long run experiences a lot of underperformance. This study aims to obtain empirical evidence of the influence of Non-Accounting Information and Ex-Ante Uncertainty on IPO Underpricing and Company Value, on companies listed on the Indonesia Stock Exchange in 2008 - 2014. The population of this study are all companies that conduct Initial Public Offering (IPO) and listing on the Indonesia Stock Exchange from 2008 to 2014 as many as 105 companies. The population that met the criteria to be sampled was 70 companies. The research method used in this study is Warp-PLS. The results showed that the influence of (1) Non-Accounting Information on Underpricing IPO was insignificant (2) Ex-Ante Uncertainty Information on Underpricing IPO was negative and significant (3) Non-Accounting Information on Firm Value was positive and significant (4) Ex-Ante Uncertainty Information about Company Value is insignificant (5) Underpricing IPO of Company Value is negative and significant.Key Words: Non-Accounting Information, Ex-Ante Uncertainty, Underpricing and Company Value.
PENGARUH INFORMASI AKUNTANSI DAN IPO UNDERPRICING TERHADAP NILAI PERUSAHAAN KUKUH BUDIANTO
Jurnal Akademika Vol 18, No 2 (2020): Agustus 2020
Publisher : STIE Indonesia Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51881/jam.v18i2.203

Abstract

This study aims to obtain empirical evidence of the effect of Accounting Information and IPO Underpricing on Firm Value in companies listed on the Indonesia Stock Exchange in 2008 - 2017. Population & sample in this study were all companies that conducted Initial Public Offering (IPO) and listed on the Indonesia Stock Exchange from 2008 to 2017 with 3 year intervals totaling 105 companies. The population that meets the criteria to be sampled is 70 companies. The research method used in this study is using the Warp-PLS. The results showed that the effect of (1) Accounting Information on Firm Value is positive and significant (2) IPO Underpricing on Firm Value is negative and significant.Keywords: Accounting Information, IPO Underpricing and Firm Value.
PENGARUH INFORMASI NON-AKUNTANSI DAN KETIDAKPASTIAN EX-ANTE TERHADAP IPO UNDERPRICING DAN NILAI PERUSAHAAN KUKUH BUDIANTO
AKADEMIKA Vol. 18 No. 1 (2020): Februari 2020
Publisher : Pusat Publikasi dan Penerbitan Karya Ilmiah STIE Indonesia Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Underpricing phenomenon occurs in stock markets in the world, including in the UK, in Australia, in the United States, in South Africa, in Korea in, China, in Malaysia and in Indonesia. Previous studies discussing the influence of Non-Accounting Information variables and Ex-Ante Uncertainty on IPO Underpricing and Firm Value give different results, the effect of Underpricing IPO variable on Company Value in the long run experiences a lot of underperformance. This study aims to obtain empirical evidence of the influence of Non-Accounting Information and Ex-Ante Uncertainty on IPO Underpricing and Company Value, on companies listed on the Indonesia Stock Exchange in 2008 - 2014. The population of this study are all companies that conduct Initial Public Offering (IPO) and listing on the Indonesia Stock Exchange from 2008 to 2014 as many as 105 companies. The population that met the criteria to be sampled was 70 companies. The research method used in this study is Warp-PLS. The results showed that the influence of (1) Non-Accounting Information on Underpricing IPO was insignificant (2) Ex-Ante Uncertainty Information on Underpricing IPO was negative and significant (3) Non-Accounting Information on Firm Value was positive and significant (4) Ex-Ante Uncertainty Information about Company Value is insignificant (5) Underpricing IPO of Company Value is negative and significant.
PENGARUH INFORMASI AKUNTANSI DAN IPO UNDERPRICING TERHADAP NILAI PERUSAHAAN KUKUH BUDIANTO
AKADEMIKA Vol. 18 No. 2 (2020): Agustus 2020
Publisher : Pusat Publikasi dan Penerbitan Karya Ilmiah STIE Indonesia Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study aims to obtain empirical evidence of the effect of Accounting Information and IPO Underpricing on Firm Value in companies listed on the Indonesia Stock Exchange in 2008 - 2017. Population & sample in this study were all companies that conducted Initial Public Offering (IPO) and listed on the Indonesia Stock Exchange from 2008 to 2017 with 3 year intervals totaling 105 companies. The population that meets the criteria to be sampled is 70 companies. The research method used in this study is using the Warp-PLS. The results showed that the effect of (1) Accounting Information on Firm Value is positive and significant (2) IPO Underpricing on Firm Value is negative and significant.