FAKTOR-FAKTOR YANG MEMPENGARUHI UNDERPRICING PADA PENAWARAN UMUM SAHAM PERDANA

Abstract

This study aim to examine the variables that influence the level of underpricing on
initial public offering. The variables examined include auditor reputation, firm size, firm
age, return on equity, and the precentage of offers moderated by market capitalization and
total liabilities. The research was carried out by multiple regression analysis. Data
collection tools used were observational studies and literature study with purposive
sampling method. Sample of 91 companies from a population of 132 companies. The
research concluded that first auditor reputation not proven effect on the level of
underpricing, second firm size not proven effect on the level of underpricing, third firm age
not proven effect on the level of underpricing, fourth return on equity not proven effect on
the level of underpricing, and fifth the precentage of offers not proven effect on the level of
underpricing.