PENGARUH INFORMASI AKUNTANSI DAN NON AKUNTANSI TERHADAP INITIAL RETURN (Studi Pada Perusahaan yang melakukan Initial Public Offering di Bursa Efek Indonesia)

Abstract

This research aimed to get empirical evidence of accounting information on initial return of firms that did the Initial Public Offering (IPO) at indonesian stock exchange. In this research used 68 firms that did the IPO from 2010 to 2014. This research using secondary data that obtained through fact book report that published by Indonesian Stock Exchange. This research using two kinds of variables category. First, intial return as dependent variable. Second, current ratio, debt to equity ratio, return on assets, firms size, auditor reputation, and age of firm as independent variable. For hypotheses test using panel regression and t-statistic test. As the result of hypothesis  test, found that return on assets had significant effect on initial return for firms that did IPO at Indonesian Stock Exchange, however current ratio, debt to equity ratio, firms size, auditor reputation and age of firm had no significant effect on initial return for firms that did the IPO at Indonesian Stock Exchange.

Keywords : Current Ratio, Debt To Equity Ratio, Return On Assets, Size, Auditor Reputation , Age Of Firm And Initial Return