RISQI, Indita Azisia and HARTO, Puji,(27 June 2013), ANALISIS FAKTOR-FAKTOR DETERMINAN UNDERPRICING KETIKA INITIAL PUBLIC OFFERING (IPO) DAN PENGARUHNYA TERHADAP EARNINGS PERSISTENCE (Studi Empiris Pada Perusahaan Yang Go Public Tahun 2007-2011). , UNSPECIFIED, UNSPECIFIED
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Abstract
This research aims to analyze the determinant factors of underpricing and
underpricing effect on earnings persistence. Earnings persistence is defined as the
profit that can be used as an indicator of future earnings, in other words, the
persistence of the earnings of a company's ability to survive in the future.
Underpricing can be defined as a condition in which the stock price at the time of
the IPO is relatively lower than the market price independent sekunder. Variabel
used in this study is the underwriter reputation, auditor reputation, Return on
Equity (ROE), leverage level, underpricing. The dependent variables used in this
study is underpricing and earnings persistence in observations 2007-2011.
The population research was company go public which is listed on Bursa
Efek Indonesia (BEI) which perform initial public offering (IPO). Samples in this
study were an IPO company listed on the Stock Exchange (Indonesia Stock
Exchange) in the 2007-2011 period. The samples used were 71 companies that
were taken through purposive sampling. This research analysis method using
multiple linear regression analysis.
The results of this research showed that underwriter's reputation has
negative and significant effect on underpricing and underpricing significantly and
negatively related to earnings persistence. While the auditor's reputation, Return
on Equity (ROE) and leverage ratio has no effect on underpricing.
Keywords : | IPO Underpricing, Earnings persistence, underwriter reputation, auditor reputation, Return on Equity, leverage ratio., IPO, Underpricing, Earnings persistence, Reputasi underwriter, Reputasi auditor, Return on Equity, Tingkat leverage. |
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Journal or Publication Title: | UNSPECIFIED |
Volume: | UNSPECIFIED |
Number: | UNSPECIFIED |
Item Type: | Thesis (Undergraduate) |
Subjects: | Akuntansi |
Depositing User: | Heru Prastyo |
Date Deposited: | 17 Jun 2020 03:41 |
Last Modified: | 17 Jun 2020 03:41 |
URI: | https://repofeb.undip.ac.id/id/eprint/4786 |