Pulungan, Putri Awaliyah Rahma
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Reputasi Underwriter & Earnings Management: Dampak yang terjadi terhadap Initial Return pada saat IPO Putri, Ilfi Rahmi; Suriana, Suriana; Rahimah, Evida; Lubis, Muhammad Rum; Pulungan, Putri Awaliyah Rahma
JEKKP (Jurnal Ekonomi, Keuangan dan Kebijakan Publik) Vol 5, No 2 (2023): 30 Desember
Publisher : Universitas Islam Sumatera Utara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30743/jekkp.v5i2.8444

Abstract

Penelitian ini bertujuan untuk memperoleh bukti empiris mengenai pengaruh reputasi underwriter dan earnings management terhadap initial return pada saat Initial Public Offerings (IPO). Objek dalam penelitian adalah perusahaan yang melakukan Initial Public Offerings (IPO) di Bursa Efek Indonesia. Teknik pengambilan sampel yang digunakan pada penelitian ini adalah sampling jenuh, yang melibatkan 208 perusahaan yang melakukan Initial Public Offerings (IPO) di Bursa Efek Indonesia selama periode  2018-202.. penelitian ini menunjukkan bahwa underwriter berpengaruh signifikan negative terhadap intial return. Sedangkan earnings management tidak berpengaruh signifikan terhadap intial return.
Reputasi Underwriter & Earnings Management: Dampak yang terjadi terhadap Initial Return pada saat IPO Putri, Ilfi Rahmi; Suriana, Suriana; Rahimah, Evida; Lubis, Muhammad Rum; Pulungan, Putri Awaliyah Rahma
JEKKP (Jurnal Ekonomi, Keuangan dan Kebijakan Publik) Vol 5, No 2 (2023): 30 Desember
Publisher : Universitas Islam Sumatera Utara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30743/jekkp.v5i2.8444

Abstract

Penelitian ini bertujuan untuk memperoleh bukti empiris mengenai pengaruh reputasi underwriter dan earnings management terhadap initial return pada saat Initial Public Offerings (IPO). Objek dalam penelitian adalah perusahaan yang melakukan Initial Public Offerings (IPO) di Bursa Efek Indonesia. Teknik pengambilan sampel yang digunakan pada penelitian ini adalah sampling jenuh, yang melibatkan 208 perusahaan yang melakukan Initial Public Offerings (IPO) di Bursa Efek Indonesia selama periode  2018-202.. penelitian ini menunjukkan bahwa underwriter berpengaruh signifikan negative terhadap intial return. Sedangkan earnings management tidak berpengaruh signifikan terhadap intial return.
Pengaruh Corporate Social Responsibility, Profitabilitas dan Leverage Terhadap Nilai Perusahaan Pada Perusahaan Manufaktur Yang Terdaftar di Bursa Efek Indonesia Periode 2021-2023 Pulungan, Putri Awaliyah Rahma; Suriana, Suriana; Wardani, Widia
Journal of Computer Science and Information System(JCoInS) Vol 7, No 1: JCoInS | 2026
Publisher : Universitas Labuhanbatu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36987/jcoins.v7i1.8923

Abstract

This study aims to determine the effect of Corporate Social Responsibility (CSR), Profitability, and Leverage on Company Value, both partially and simultaneously, in companies that are the research samples. The method used is multiple linear regression analysis with a sample size of 54 companies. The independent variables in this study are CSR, Profitability, and Leverage, while the dependent variable is Company Value. The results of the t-test analysis show that: (1) the CSR variable has a significant negative effect on company value with a calculated t value of -2.293 < t table 1.675 and a significance of 0.026 (< 0.05); (2) the Profitability variable does not have a significant effect with a calculated t value of 0.594 < t table 1.675 and a significance of 0.555 (> 0.05); and (3) the Leverage variable has a negative but not significant effect with a calculated t value of -0.300 < t table 1.675 and a significance of 0.765 (> 0.05). Simultaneously, the F-test results show a calculated F-value of 1.929 < F-table 2.79 with a significance level of 0.137 (> 0.05), indicating that CSR, Profitability, and Leverage collectively have no significant effect on firm value. The Adjusted R² value of 0.019 indicates that the variation in firm value can only be explained by the three independent variables by 1.9%, while the remaining 98.1% is explained by other factors outside this research model. This study implies that companies need to manage CSR and debt use more wisely and improve profitability quality to positively impact firm value.