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All Journal Al-Kharaj: Journal of Islamic Economic and Business Journal Economic Excellence Ibnu Sina
Ujang Syahrul Mubarrok
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Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

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Pengaruh Return On Assets (ROA), Return On Equity (ROE), Debt To Equity Ratio (DER) dan Earning Per Share (EPS) terhadap Tingkat Underpricing pada Perusahaan yang Melakukan Initial Public Offering (IPO) di Bei Tahun 2022 Muhammad Alwi Siraj; Ujang Syahrul Mubarrok; Beni Mahyudi S
Journal Economic Excellence Ibnu Sina Vol. 3 No. 2 (2025): Journal Economic Excellence Ibnu Sina
Publisher : STIKes Ibnu Sina Ajibarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59841/excellence.v3i2.2969

Abstract

This study aims to analyze the influence of Return on Assets (ROA), Return on Equity (ROE), Debt to Equity Ratio (DER), and Earnings Per Share (EPS) on the level of underpricing in companies conducting an Initial Public Offering (IPO) on the Indonesia Stock Exchange (IDX) during 2022. Underpricing, a condition where the initial offering price of a stock is lower than its secondary market price, is a critical concern as it can affect the effectiveness of capital raising through IPOs. Using data from non-financial companies that went public in that year, this research identifies financial factors contributing to the level of underpricing and their implications for investors and companies. This study employs a quantitative descriptive research method. The objects of this research are companies that conducted IPOs on the IDX. The population consists of 57 companies, and the sample includes 52 companies that meet the specified criteria. The data analysis is conducted using SPSS software. The results show that ROA has a negative but not significant effect on underpricing, ROE has a negative but not significant effect on underpricing, DER has a negative but not significant effect on underpricing, while EPS has a positive and significant effect on underpricing. Simultaneously, ROA, ROE, DER, and EPS have a significant effect on underpricing.
Financial Performance Assessment of PT Asuransi Jiwa Syariah Jasa Mitra Abadi Tbk Using The Early Warning System (Ews) And Risk-Based Capital (Rbc) Methods For The 2021–2024 Period Adinda Eka Devi Aurelia; Ujang Syahrul Mubarrok
Al-Kharaj: Journal of Islamic Economic and Business Vol. 7 No. 4 (2025): All articles in this issue include authors from 3 countries of origin (Indonesi
Publisher : LP2M IAIN Palopo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24256/kharaj.v7i4.8312

Abstract

This study aims to evaluate the financial performance of PT Asuransi Jiwa Syariah Jasa Mitra Abadi Tbk during the 2021–2024 period using a financial ratio approach based on the Early Warning System (EWS) and Risk-Based Capital (RBC). This research used a descriptive, quantitative method, utilizing secondary data. The ratios analyzed in this study include the Solvency Ratio, Profitability Ratio, Liquidity Ratio, Premium Income Ratio, and Technical Ratio. The analysis results show that the company’s overall financial performance is in fairly good condition, particularly in terms of capital and solvency, although several ratios still require improvement, especially in the aspects of profitability and premium growth.
Co-Authors Adinda Eka Devi Aurelia Beni Mahyudi S Muhammad Alwi Siraj