DETERMINAN UNDERPRICING PADA PERUSAHAAN YANG MELAKUKAN INITIAL PUBLIC OFFERING (IPO)

Authors

  • M. Nanda Arzena Fakultas Ekonomi dan Bisnis, Universitas Jambi
  • Enggar Diah Puspa Arum Fakultas Ekonomi dan Bisnis, Universitas Jambi
  • Fitrini Mansur Fakultas Ekonomi dan Bisnis, Universitas Jambi

Keywords:

Current Ratio, Earning Per Share, Auditor Reputation, Underpricing

Abstract

This study aims to examine the determinants of underpricing in companies listed on the Indonesia Stock Exchange (IDX) for the period 2014 - 2019. Auditor reputation, earnings per share (EPS), and current ratio (CR) are the factors tested in this study. The research population is companies listed on the Indonesia
Stock Exchange (IDX) for the period 2014 - 2019. Based on the sampling technique using purposive sampling, 189 companies were observed and analyzed using the multiple linear regression method. The results showed that the reputation of auditors, EPS and CR had an effect on underpricing simultaneously, while partially only EPS had a significant negative effect on underpricing.

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Published

2021-03-23

Issue

Section

Articles