Claim Missing Document
Check
Articles

Found 2 Documents
Search

Determinan on Underpricing at The Initial Public Offering: Evidence Indonesia Stock Exchange Dirvi Surya Abbas; Abdul Rauf; Imam Hidayat; Djenny Sasmita
Quantitative Economics and Management Studies Vol. 3 No. 2 (2022)
Publisher : Yayasan Ahmar Cendekia Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (542.424 KB) | DOI: 10.35877/454RI.qems852

Abstract

The purpose of this study is to see how company size, earnings per share, profitability, financial leverage, and underwriter reputation affect underpricing during the initial public offering of companies listed on the Indonesia Stock Exchange (IDX). This study's object was selected utilizing a purposive sample approach with numerous provisions. Non-banking firms that conducted initial public offerings (IPOs) on the Indonesia Stock Exchange (IDX) between 2015 and 2019 were researched. Ninety-eight non-banking firms were collected as study samples from a total of 141. This is due to the fact that there are six banking businesses, sixty-two companies do not meet the requirements for inclusion in this study data, and thirteen companies do not exhibit underpricing. Two firms were relisted and delisted. Based on the findings of data analysis research, low earnings per share will also make investors not interested in buying shares of the company. So the company's level of uncertainty will increase. Underwriters also know more and more complete information about the market so that issuers are needed to determine primary market prices and investors to consider investing in the capital market. Meanwhile, the level of underpricing cannot be measured by the level of ROA generated by a company and the distrust of investors towards the financial statements produced by companies that conduct IPOs. DER cannot be used as a benchmark in considering the initial return expected by investors based on the findings of data analysis research. the author assumes investors' incompetence in analyzing a company's performance and relies solely on the stock price offered. The phenomenon of stock price underpricing caused by limited information about companies conducting initial public offerings (IPOs) motivates the authors to conduct this research to determine whether the information available in financial statements and information surrounding investors can be used as benchmarks in determining investment decisions. and calculate a stock's initial rate of return.
Pengaruh Hutang, Kepemilkan Saham, Dewan Komisaris, dan Kepemilikan Manajerial Terhadap Pengungkapan Tanggung Jawab Sosial Rusmiati Rusmiati; Dirvi Surya Abbas; Imam Hidayat; Djenny Sasmita
Jurnal Publikasi Sistem Informasi dan Manajemen Bisnis Vol 2 No 1 (2023): Januari : Jurnal Publikasi Sistem Informasi dan Manajemen Bisnis
Publisher : Sekolah Tinggi Ilmu Ekonomi Trianandra

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1156.3 KB) | DOI: 10.55606/jupsim.v2i1.742

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh hutang, kepemilikan saham, dewan direksi, dan kepemilikan manajerial terhadap pengungkapan Corporate Social Responsibility. Penelitian ini dilakukan untuk mengisi gap permasalahan dimana hasil penelitian terdahulu menunjukkan hasil yang belum konsisten. Studi dilakukan di perusahaan manufaktur sektor industri makanan dan minuman yang terdaftar di Bursa Efek Indonesia pada periode 2015 - 2021. Data yang digunakan dalam penelitian ini merupakan data sekunder berupa laporan keuangan dan laporan Corporate Social Responsibility yang tercantum dalam laporan tahunan dan diterbitkan oleh masing-masing perusahaan lewat situs Bursa Efek Indonesia yang dapat diakses di alamat https://www.idx.co.id. Metode penelitian yang digunakan adalah asosiatif kuantitatif dengan total sampel 56 unit. Hasil penelitian menunjukkan bahwa hutang berpengaruh terhadap pengungkapan Corporate Social Responsibility, kepemilikan asing berpengaruh terhadap pengungkapan Corporate Social Responsibility, dewan direksi tidak berpengaruh terhadap pengungkapan Corporate Social Responsibility, dan kepemilikan manajerial tidak berpengaruh terhadap pengungkapan Corporate Social Responsibility . Secara simultan, hutang, dan kepemilikan saham asing berpengaruh terhadap pengungkapan Corporate Social Responsibility.