Underpricing is a phenomenon in initial public offering that often occurs in the capital market and has been proven by research in many countries. This study aims to analyze financial and non-financial factors that effect underpricing. This research is done in Indonesia stock exchange specifically on those companies that are going on initial public offering in 2010-2015. Underpricing is measured using intial abnormal return which is the dependent variable of this study. Meanwhile the independent variables are financial leverage (financial variable), auditor reputation, underwriter reputation, (non-financial variables). 114 companies are selected as the sample through purposive sampling method. Logistic regression model is used to test the relationship between the variables. The results show that the reputation of underwriter and auditor are significant and positive in affecting the underpricing. Meanwhile, financial leverage are found to be insignificant in affecting the underpricing.
| Published by | Politeknik Negeri Padang |
| Journal Name | JAM |
| Contact Phone | - |
| Contact Name | Desi Handayani |
| Contact Email | ci_e@yahoo.com |
| Location | Kota padang, Sumatera barat INDONESIA |
| Website | jam| https://akuntansi.pnp.ac.id/jam| |
| ISSN | ISSN : 18583687, EISSN : 26571080, DOI : -, |
| Core Subject | Economy, Education, |
| Meta Subject | Economics, Econometrics & Finance, Education, |
| Meta Desc | Akuntansi dan Manajemen merupakan jurnal ilmiah berkala yang terbit 2 kali dalam 1 tahun (Juni dan Desember). Jurnal ini memuat artikel ilmiah dengan topik-topik di bidang akuntansi dan manajemen. |
| Penulis | Rianty N, Martha , Riana, Dwi |
| Publisher Article | Jurusan Akuntansi Politeknik Negeri Padang |
| Subtitle Article | Akuntansi dan Manajemen Vol. 15 No. 1 (2020): Akuntansi dan Manajemen |
| Scholar Google | http://scholar.google.com/scholar?q=%2Bintitle%3A&… |
| View Article | https://akuntansi.pnp.ac.id/ja… |
| DOI | |
| DOI Number | |
| Download Article [1] | https://akuntansi.pnp.ac.id/jam/index.ph… |
| Download Article [2] |
Informasi yang terkait dengan Pengaruh Variabel Keuangan dan Non Keuangan terhadap Underpricing pada Perusahaan yang Melakukan Initial Public Offering (IPO) di Bursa Efek Indonesia
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