Manajemen S1
Pengaruh Informasi Keuangan dan Non Keuangan Terhadap Tingkat Underprice Pada Perusahaan Yang Melakukan Initial Public Offering (IPO) di Bursa Efek Indonesia Periode 2017-2020
This research was aimed to find out the influence of financial and non financial information in the form of Return on Equity (ROE), Return on Assets (ROA), and Underwriter Reputation on
the underpricing level at indonesia stock exchange. The population in this study are companies
that conduct IPOs listed on the Indonesia Stock Exchange in the 2017-2020 period outside of
companies from other banking groups and financial institutions.The sampling technique used
was purposive sampling method and obtained a sample of 74 companies conducting IPOs. and
listed on the Stock Exchange in 2017-2020 and the company's financial statements during the
period 2017-2020, as well as the company's prospectus.The data analysis technique used is a
multiple linear regression with a significance of 0.05. Based on the results of data analysis using partial test (t test), ROA, have a significant effect on the negative level of underpricing. And then ROE does not affect the level of underpricing. Underwriter's Reputation does not affect a significant negative effect on the level of underpricing. The results of this study indicate that there is a simultaneous influence between financial and non-financial information on underpricing. As well as showing the coefficient of determination produced is equal to 56,8 % meaning that underpricing is influenced by financial and non-financial information by 56,8 % While the remaining 43,2 % is caused by other factors other than financial and non-financial information.
Keywords: Initial public offering, underpricing, return on asset, return on equity, underwriter
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