ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI UNDERPRICING DALAM INITIAL PUBLIC OFFERING (IPO) PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) PERIODE 2009-2013

Abstract

This study aimed to analyze the factors that may affect underpricing, which is the size, underwriters, offer, total assets, and insiders. The samples in this study using purposive sampling method that produces a sample of 67 companies that conduct an initial public offering (IPO) 2009-2013. The results showed that partially variable size and underwriters significant effect on the level of underpricing, while offer, total assets and insiders does not significantly influence the level of underpricing. The results showed that simultaneously size, underwriters, offer, total assets and Insiders of simultaneously can be used to analyze the level underpricing in the IPO.

Keywords: Underpricing, Size, Underwriters, Offer, Total Asets, Insiders