Pengaruh Profitabilitas, Financial Leverage, Ukuran Perusahaan, Umur Perusahaan, dan Persentase Penawaran Saham terhadap Tngkat Underpricing Saat Penawaran Umum Perdana (Studi Kasus Perusahaan yang Terdaftar di BEI Tahun 2016 - 2020

Abstract

This study aims to determine the effect of Profitability, Financial Leverage, Company Size, Company Age, and Percentage of Share Offerings on the Underpricing Level at The Initial Public Offering (Case Study of Companies Registered on the IDX in 2016 – 2020). The population of this study were 210 companies that made initial public offerings. The sampling method used was purposive sampling method, so that 157 sample companies were obtained for five years of observation (2016-2020). The data analysis technique used is descriptive statistical analysis a multiple regression analysis. The data analysis process that was carried out first was descriptive statistic, classical assumption test, multiple linear regression analysis then hypothesis testing. The result of this study partially indicate that the Percentage of Share Offering has a significant negative effect on the level of Underpricing during the initial public offering on the Indonesia Stock Exchange, while Profitability, Financial Leverage, Company Size, Company Age, and Percentage of Share Offerings have no effect on the level of Underpricing during a public offering premier on the Indonesia Stock Exchange.The results of this study simultaneously show that Profitability, Financial Leverage, Company Size, Company Age, and Percentage of Shares Offerings have a significant effect on the level of Underpricing in companies conducting initials public offerings on the Indonesia Stock Exchange.