FAKTOR-FAKTOR YANG MEMPENGARUHI TINGKAT UNDERPRICING SAHAM PADA PENAWARAN UMUM PERDANA DI BURSA EFEK INDONESIA (Studi Pada Perusahaan yang Melaksanakan IPO di Bursa Efek Indonesia Periode 2010-2014)

Abstract

The purpose of this study is to demonstrate emirically the effect of variable undewriter reputation, accounting method choice, ownership structure, and the type of industry to level of underpricing shares. The study was conducted on 61 companies which did an IPO on the Stock Exchange in 2010-2014.  The result of multiple regresion model for this study found that simultaneous variable underwriter reputation, inventory accounting method, accounting method of depreciation,  ownership structure, and the type of industry affect the level of underpricing shares. Partially, only underwriter reputation variables that significantly and negatively affect the level of underpricing shares, while the vaiable accounting methode of inventory, depreciation accounting method, ownership structure, and industry types not significant with a positive coefficient direction the level of underpricing shares.

 

Keyword: Initial Public Offering (IPO), underpricing, underwriter reputation, accounting method choice, owership structure, type of industry.