Pengaruh Persentase Penawaran Saham, Ukuran Perusahaan, Reputasi Auditor, Reputasi Underwriter dan Return on Asset terhadap Tingkat Underpricing pada perusahaan yang melakukan Initial Public Offering (IPO) di Bursa Efek Indonesia (BEI) Tahun 2018-2020

Abstract

The purpose of this study is to examine the effect of Stock Offering Percentage, Firm Size, Auditor Reputation, Underwriter Reputation and Return on Asset On Underpricing in Initial Public Offering Companies Listed in Indonesia Stock Exchange Period 2018-2020. This research is a causal associative research and uses secondary data. The population in this study is Initial Public Offering companies listed on the Indonesia Stock Exchange in 2018-2020, which amounted to 165 companies. Using Purposive Sampling method, the sample in this study amounted to 120 companies that fulfill the criteria. The technique of data analysis in this study using Descriptive Statistical Analysis, and Multiple Linear Regression Analysis. The result of the study showed that partially Firm Size, Underwriter Reputation and Return on Asset have negative significant effect to Underpricing. Stock Offering Percentage dan Auditor Reputation have no significant effect to Underpricing. Simultaneously Stock Offering Percentage, Firm Size, Auditor Reputation, Underwriter Reputation and Return on Asset have significant effect on Underpricing. The value of adjusted R Square is 0.130, which means that the Stock Offering Percentage, Firm Size, Auditor Reputation, Underwriter Reputation and Return on Asset variables are able to explain the Underpricing variable of 13% and the remaining 87% is explained by other variables outside this research model.