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All Journal Jurnal Ekonomi, Manajemen Akuntansi dan Perpajakan (Jemap)
Elizabeth Lucky Maretha Sitinjak
Program Studi Akuntansi, Fakultas Ekonomi dan Bisnis Universitas Katolik Soegijapranata
Economics, Econometrics & Finance

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Pengaruh Faktor-Faktor Keuangan Dan Perilaku Herding Investor Terhadap Underpricing Pada Penawaran Perdana Saham Perusahaan Yang Terdaftar Di Bei Alviano Renoldy Saputra; Elizabeth Lucky Maretha Sitinjak
JEMAP Vol 1, No 1: April 2018
Publisher : Universitas Katolik Soegijapranata, Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (222.907 KB) | DOI: 10.24167/jemap.v1i1.1581

Abstract

The purpose of this study is to examine the influence of financial factors (firm liquidity ratio, and non-financial factors (herding behavior) influence on underpricing. There are 73.21 percent of companies experiencing underpricing during the public offering in 2009-2013.Therefore researchers will see the influence financial factors and herding behavior to the underpricing phenomenon.Underpricing is projected as an abnormal return, the liquidity is proxies by the current ratio (CR), the firm's activity is proxies by total assets of turnover ratio (TATO), profitability is projected Return on Assets (ROA), Assets (ROA), leverage is proxies debt to equity ratio (DER). This study uses multiple regression and fulfills all the classical assumptions. The results showed company liquidity, profitability, and herding behavior significantly influence underpricing.
Co-Authors Alviano Renoldy Saputra