[Penelitian ini bertujuan untuk menguji pengaruh jumlah perusahaan IPO, reputasi
penjamin emisi, dan rasio utang terhadap tingkat underpricing saham di pasar
perdana yang diukur menggunakan model mean-adjusted. Pengujian hipotesis
menggunakan model regresi berganda dengan sampel sebanyak 73 perusahaan yang
melakukan IPO di Bursa Efek Indonesia (BEI) tahun 2009-2014. Hasil penelitian
ini menunjukkan semua variabel yang diuji yaitu, jumlah perusahaan IPO, reputasi
penjamin emisi, dan rasio utang mempunyai efek negatif. Jumlah perusahaan IPO
dan reputasi penjamin emisi tidak mempunyai pengaruh signifikan. Sedangkan,
rasio utang mempunyai pengaruh signifikan terhadap tingkat underpricing saham
di pasar perdana.;The objective of this research is to examine the effect of number of IPOs, reputation
of underwriter, and debt ratio on the level of underpricing of stocks in primary
market measured using mean-adjusted model. Hypotheses testing uses multiple
regression models with observations from 73 IPOs in Indonesia Stock Exchange
during the period of 2009-2014. The results indicate that all variables tested,
number of IPOs, reputation of underwriters, and debt ratio have negative effect.
Number of IPOs and reputation of underwriters have no significant effect.
Meanwhile, debt ratio has a significant effect on the level of underpricing of stocks
in primary market.;The objective of this research is to examine the effect of number of IPOs, reputation
of underwriter, and debt ratio on the level of underpricing of stocks in primary
market measured using mean-adjusted model. Hypotheses testing uses multiple
regression models with observations from 73 IPOs in Indonesia Stock Exchange
during the period of 2009-2014. The results indicate that all variables tested,
number of IPOs, reputation of underwriters, and debt ratio have negative effect.
Number of IPOs and reputation of underwriters have no significant effect.
Meanwhile, debt ratio has a significant effect on the level of underpricing of stocks
in primary market., The objective of this research is to examine the effect of number of IPOs, reputation
of underwriter, and debt ratio on the level of underpricing of stocks in primary
market measured using mean-adjusted model. Hypotheses testing uses multiple
regression models with observations from 73 IPOs in Indonesia Stock Exchange
during the period of 2009-2014. The results indicate that all variables tested,
number of IPOs, reputation of underwriters, and debt ratio have negative effect.
Number of IPOs and reputation of underwriters have no significant effect.
Meanwhile, debt ratio has a significant effect on the level of underpricing of stocks
in primary market.]
S61838-Moh Hamka Rivai.pdf :: Unduh