PENGARUH FAKTOR FINANCIAL DAN NON FINANCIAL TERHADAP TINGKAT UNDERPRICING PADA PERUSAHAAN SEKTOR CONSUMER
DOI:
https://doi.org/10.34128/jra.v7i1.304Keywords:
underpricing, BEI, IPOAbstract
This research was conducted to evaluate the impact of financial factors and non-financial factors that can cause the phenomenon of underpricing. The method adopted in this research is a quantitative approach. The research population includes all companies that conducted an initial public offering between 2016 and 2022. The sample was selected using a purposive sampling method with a total of 98 companies. Statistical analysis using multiple linear regression analysis techniques. Research findings show that individually net profit margin, total asset turnover and ownership retention have a negative influence on underpricing, while current ratio, company size and company age have no influence on underpricing. Together, current ratio, net profit margin, total asset turnover, ownership retention, company age and company size have an influence on underpricing.
References
Djaelani, Y., Zainuddin, & Muliati. (2021). Pengaruh Informasi Keuangan dan Informasi Non Keuangan Terhadap Initial Return di Bursa Efek Indonesia. Accounting Profession Journal, 4(1), 28–48. https://doi.org/https://doi.org/10.35593/apaji.v4i1.38
Iqbal, M. K. (2022). Faktor-faktor yang Mempengaruhi Underpricing Pada Saat IPO Studi Kasus Perusahaan Manufaktur yang Terdaftar di BEI 2019-2021. Jurnal Ekonomi Trisakti, 2(2), 1049–1062. https://doi.org/http://dx.doi.org/10.25105/jet.v2i2.14758
Isynuwardhana, D., & Febryan, F. V. (2022). Factors Affecting Underpricing Level during IPO in Indo- nesia Stock Exchange 2018 - 2019. The Indonesian Accounting Review, 12(1), 87–98. https://doi.org/https://doi.org/10.14414/tiar.v12i1.2660
Kuncoro, H. B., & Suryaputri, R. V. (2019). Analisis Faktor-faktor yang Mempengaruhi Underpricing Saham pada Penawaran Umum Perdana. Jurnal Akuntansi Trisakti, 6(9), 213–234. https://doi.org/http://dx.doi.org/10.25105/jat.v6i2.5573
Lukman, S. A., & P, T. K. (2023). Pengaruh Likuiditas, Profitabilitas, Leverage, Reputasi Underwriter Dan Jenis Industri Terhadap Underpricing Saham Pada Perusahaan Yang Melakukan IPO Di BEI Pada Tahun 2020-2021. Jurnal Ilmu Manajemen, Ekonomi, Dan Kewirausahaan, 1(4), 40–54.
Ng, M., Saragih, A. D., & Chandra, J. (2023). Faktor-faktor yang Mempengaruhi Tingkat Underpricing Saham Pada Perusahaan yang Melakukan Initial public offering di BEI Tahun 2017-2021. Procuratio: Jurnal Ilmiah Manajemen, 11(1), 52–63. https://doi.org/https://doi.org/10.35145/procuratio.v11i1.2914
Partama, I. G. N. A., & Gayatri. (2019). Analisis Determinan Underpricing Saham di Bursa Efek Indonesia. E-Jurnal Manajemen Universitas Udayana, 26(3), 2293–2323. https://doi.org/10.24843/EJA.2019.v26.i03.p23
Purwanti, & Siregar, E. I. (2018). Analisis Faktor yang Berpengaruh Terhadap Tingkat Underpricing Perusahaan Manufaktur di Bursa Efek Indonesia Periode 1996-2015. Jurnal Ilmiah Ekonomi Dan Bisnis, 15(1), 14–24. https://doi.org/https://doi.org/10.31849/jieb.v15i1.1025
Renita, & Harori, M. I. (2021). Pengaruh Total asset turnover, Debt to Equity Ratio (DER), Ukuran Perusahaan, Nilai Tukar Rupiah, dan IHSG Terhadap Terjadinya Tingkat Underpricing Saham. Jurnal Perspektif Bisnis, 4(5), 23–37.
Saefudin, & Gunarsih, T. (2020). Apakah Faktor Eksternal Memprediksi Underpricing Lebih Baik Dibandingkan Faktor Internal? Studi Initial Publik Offering di BEI Tahun 2009-2017. Jurnal Ilmiah Manajemen Bisnis Dan Inovasi Universitas SAM Ratulangi, 7(3), 35–51.
Sundarasen, S. D. D. (2019). Institutional Characteristics, Signaling Variables and IPO Initial Returns. PSU Research Review, 3(1), 29–49. https://doi.org/https://doi.org/10.1108/PRR-10-2016-0003
Taolin, M. L., & Safitri, J. (2020). The Role of Duality Managerial Ownership and Boards on IPO Value (An Emprirical Evidence of Indonesian Firms). Jurnal Penelitian Ekonomi Dan Bisnis, 5(2), 162–179. https://doi.org/https://doi.org/10.33633/jpeb.v5i2.3631
Tyas, D. T., Diana, N., & Junaidi. (2023). Analisis Pengaruh Informasi Keuangan dan Non Keuangan yang Mempengaruhui Underpricing saat Initial public offering (IPO) di Bursa Efek Indonesia pada Tahun 2017-2021. E_Jurnal Ilmiah Riset Akuntansi, 12(1), 218–231.
Utami, S. D., Toha, A., & Sisbintari, I. (2021). Analisis Faktor yang Mempengaruhi Tingkat Underpricing Perusahaan yang Melakukan Penawaran Saham Perdana Periode 2020-2021. Jurnal Strategi Dan Bisnis, 10(2), 157–170. https://doi.org/https://doi.org/10.19184/jsb.v10i2.34052
Wijaya, A. A. (2023). Analysis of The Influence of Profitability, Company Size, Company Age, and Underwriter’s Reputation on The Underpricing of Stocks During The IPO on IDX 2010-2020 Period. Asian Journal of Economics and Business Management, 2(1), 438–445. https://doi.org/https://doi.org/10.53402/ajebm.v2i1.285
Wildahayu, M. (2019). Analisis Faktor-faktor yang Mempengaruhi Initial Return pada Perusahaan yang IPO di BEI Tahun 2015-2017. Kajian Pendidikan Akuntansi Indonesia, 8, 1–15.
Downloads
Published
Issue
Section
License
Copyright (c) 2024 Fadilla Rahma Maylani, Josephine Sudiman, Randy Heriyanto
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
