Evitasari, Rista Dwi (2023) PENGARUH FINANCIAL LEVERAGE, PROFITABILITAS, DAN FIRM SIZE TERHADAP TINGKAT UNDERPRICING SAHAM (Studi pada Perusahaan yang Melakukan Initial Public Offering (IPO) di Bursa Efek Indonesia (BEI) Tahun 2019-2021). Undergraduate thesis, UPN Veteran Jawa Timur.
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Abstract
There is a demand to increase the potential of the company in order to survive, of course it requires a lot of funds or capital. One alternative to obtaining funding sources is through offering company shares to the public through the capital market or Initial Public Offering (IPO). However, in reality, not a few issuers experienced the underpricing phenomenon during the IPO. Therefore this study aims to determine and analyze the effect of Financial Leverage, Profitability, and Firm Size on the level of underpricing of shares in companies conducting Initial Public Offerings (IPO) on the Indonesia Stock Exchange (IDX). This study is a quantitative research with a sampling method using a purposive sampling technique. Among the 159 total population, there were only 90 companies that became the research sample because some of the population did not meet the predetermined criteria in determining the sample. This study used multiple linear regression analysis techniques, by testing the F-test and t-test hypotheses. Based on the results of this study indicate that simultaneously the variables of Financial Leverage, Profitability, and Firm Size have a significant effect on the level of stock underpricing. Meanwhile, partially only the Profitability variable has a significant effect with a positive coefficient on the level of underpricing of shares, while the Financial Leverage and Firm Size variables do not have a significant effect on the level of underpricing of shares in companies conducting Initial Public Offering (IPO) on the Indonesia Stock Exchange (IDX) period 2019-2021. The results of this research are used as material for consideration of investment decisions, especially in companies that carry out an IPO to get a high Initial Return by assessing the level of financial leverage, profitability, and firm size. Keywords : Underpricing, Initial Public Offering (IPO), Financial Leverage (DER), Profitability (ROA), and Firm Size (Total Assets)
| Item Type: | Thesis (Undergraduate) | ||||||||
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| Subjects: | H Social Sciences > HG Finance H Social Sciences > HG Finance > HG4001-4285 Finance management. Business finance. Corporation finance H Social Sciences > HG Finance > HG4501-6051 Investment, capital formation, speculation |
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| Divisions: | Faculty of Social and Political Sciences > Departement of Business Administration | ||||||||
| Depositing User: | RISTA DWI EVITASARI | ||||||||
| Date Deposited: | 20 Mar 2023 06:15 | ||||||||
| Last Modified: | 20 Mar 2023 06:15 | ||||||||
| URI: | http://repository.upnjatim.ac.id/id/eprint/12298 |
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