Hubungan Likuiditas, Profitabilitas, Leverage Dan Earning Per Share Terhadap Underpricing pada Perusahaan Yang Melakukan Initial Public Offering (IPO) Tahun 2009-2018

Nadya Khaira
Josephine Sudiman

Jurnal Pasar Modal dan Bisnis
Vol 1 No 2 (2019)

This research aims to determine the relationship of liquidity, profitability, leverage and earnings per share on underpricing of companies conducting Initial Public Offering (IPO) from 2009 to 2018, using a purposive sampling method with a total sample of 156 companies. Secondary data obtained from the prospectus and the company's financial statements and Spearman rank-order correlation used for hypothesis testing. The results of this study indicate that: (1) Liquidity have no relationship with underpricing, (2) Profitability have a low relationship with underpricing, (3) Leverage has a very low relationship to underpricing, (5) Earning per share (EPS) variable has no relationship to underpricing.