ANALISIS PENGARUHFAKTOR KEUANGAN DAN NON KEUANGAN TERHADAP INITIAL RETURNPADA PERUSAHAAN YANG MELAKUKAN IPO DI BEI

Abstract

The development of the company in keeping the company alive keangsungan certainly not an easy thing for companies without funds memdai, so as the company needs to obtain new sources of funding from outside sources. Then one of the steps taken by the company is to do an IPO. The purpose of this study is to prove the influence of financial and non-financial factors to initial returns in IDX. The research object is the entire company made an initial public oofering in the period 2010 to 2012 are listed on the Stock Exchange. The method used in this study is Porposiv sampling method, so that the number of companies that become the object of study is 50 companies.

Based onthe results ofmultiple linearregregsianalysisfoundthatthe variablereturn on equityandfirm sizeprovenpositive effect on theinitial return. Whilevariabledeb-to-equity ratio, earnings per share, price earnings ratio, andfirm ageare notshown toaffect theinitial return.

Keywords : initial return, deb to equity ratio, return on equity, earnings per share, price earnings ratio, firm size, firm age