Pengaruh Roa, Eps, Financial Leverage, Underwriter Reputation, dan Lock-Up Provisions terhadap Initial Return Perusahaan yang Melakukan Ipo di Bei Pada 2020-2022

Abstract

This study aims to examine the effect of ROA, EPS, financial leverage, underwriter reputation and lock-up provisions on initial return of companies conducting an IPO on the IDX in 2020-2022. The population in this study were 165 companies that carried out IPOs on the IDX Sampling technique using a purpossive sampling method, in order to obtain a sample of 122 companies. Data analysis used descriptive statistical analysis, multiple linear regression. The results showed that partially ROA, EPS, financial leverage and underwriter reputation had no effect on initial returns, while the variable lock-up provisions had a significant positive effect on initial returns. Simultaneously ROA, EPS, financial leverage, underwriter reputation, and lock-up provisions have a significant effect on initial return.