Akademika : Jurnal Manajemen, Akuntansi, dan Bisnis
Vol. 18 No. 1 (2020): Februari 2020

PENGARUH INFORMASI NON-AKUNTANSI DAN KETIDAKPASTIAN EX-ANTE TERHADAP IPO UNDERPRICING DAN NILAI PERUSAHAAN

KUKUH BUDIANTO (Sekolah Tinggi Ilmu Ekonomi Indonesia Malang)



Article Info

Publish Date
12 Feb 2020

Abstract

Underpricing phenomenon occurs in stock markets in the world, including in the UK, in Australia, in the United States, in South Africa, in Korea in, China, in Malaysia and in Indonesia. Previous studies discussing the influence of Non-Accounting Information variables and Ex-Ante Uncertainty on IPO Underpricing and Firm Value give different results, the effect of Underpricing IPO variable on Company Value in the long run experiences a lot of underperformance. This study aims to obtain empirical evidence of the influence of Non-Accounting Information and Ex-Ante Uncertainty on IPO Underpricing and Company Value, on companies listed on the Indonesia Stock Exchange in 2008 - 2014. The population of this study are all companies that conduct Initial Public Offering (IPO) and listing on the Indonesia Stock Exchange from 2008 to 2014 as many as 105 companies. The population that met the criteria to be sampled was 70 companies. The research method used in this study is Warp-PLS. The results showed that the influence of (1) Non-Accounting Information on Underpricing IPO was insignificant (2) Ex-Ante Uncertainty Information on Underpricing IPO was negative and significant (3) Non-Accounting Information on Firm Value was positive and significant (4) Ex-Ante Uncertainty Information about Company Value is insignificant (5) Underpricing IPO of Company Value is negative and significant.

Copyrights © 2020






Journal Info

Abbrev

JAK

Publisher

Subject

Economics, Econometrics & Finance Education

Description

Akademika, Jurnal Manajemen, Akunntansi dan Bisnis diterbitkan oleh program Studi S1 Manajemen STIE Indonesia Malang setiap periode 2 edisi dalam satu tahun, dikelola oleh Pusat Publikasi dan Penerbitan Karya Ilmiah STIE Indonesia ...