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[Penelitian ini bertujuan untuk menguji pengaruh jumlah perusahaan IPO, reputasipenjamin emisi, dan rasio utang terhadap tingkat underpricing saham di pasarperdana yang diukur menggunakan model mean-adjusted. Pengujian hipotesismenggunakan model regresi berganda dengan sampel sebanyak 73 perusahaan yangmelakukan IPO di Bursa Efek Indonesia (BEI) tahun 2009-2014. Hasil penelitianini menunjukkan semua variabel yang diuji yaitu, jumlah perusahaan IPO, reputasipenjamin emisi, dan rasio utang mempunyai efek negatif. Jumlah perusahaan IPOdan reputasi penjamin emisi tidak mempunyai pengaruh signifikan. Sedangkan,rasio utang mempunyai pengaruh signifikan terhadap tingkat underpricing sahamdi pasar perdana.;The objective of this research is to examine the effect of number of IPOs, reputationof underwriter, and debt ratio on the level of underpricing of stocks in primarymarket measured using mean-adjusted model. Hypotheses testing uses multipleregression models with observations from 73 IPOs in Indonesia Stock Exchangeduring 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 stocksin primary market.;The objective of this research is to examine the effect of number of IPOs, reputationof underwriter, and debt ratio on the level of underpricing of stocks in primarymarket measured using mean-adjusted model. Hypotheses testing uses multipleregression models with observations from 73 IPOs in Indonesia Stock Exchangeduring 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 stocksin primary market., The objective of this research is to examine the effect of number of IPOs, reputationof underwriter, and debt ratio on the level of underpricing of stocks in primarymarket measured using mean-adjusted model. Hypotheses testing uses multipleregression models with observations from 73 IPOs in Indonesia Stock Exchangeduring 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 stocksin primary market.] |
S61838-Moh Hamka Rivai.pdf :: Unduh