PENGARUH PENGUNGKAPAN INTELLECTUAL CAPITAL DALAM PROSPEKTUS TERHADAP TINGKAT UNDERPRICING PADA FIRST DAY LISTING DATE (Studi Empiris pada Perusahaan yang Melakukan Initial Public Offering di Bursa Efek Indonesia Periode 2005-2009)

ARDHIANTO, Andreas and MEIRANTO, Wahyu (2011) PENGARUH PENGUNGKAPAN INTELLECTUAL CAPITAL DALAM PROSPEKTUS TERHADAP TINGKAT UNDERPRICING PADA FIRST DAY LISTING DATE (Studi Empiris pada Perusahaan yang Melakukan Initial Public Offering di Bursa Efek Indonesia Periode 2005-2009). Undergraduate thesis, Universitas Diponegoro.

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Abstract

This study aims to analyze the effect of intellectual capital disclosure in prospectus on underpricing level at first day listing date. Independent variable used in this study is intellectual capital disclosure. This study also used control variables, e.g underwriter’s reputation, gross proceeds, auditor’s reputation, financial leverage, and firm’s age. Samples of this study were IPO companies in Indonesia Stock Exchange, for the observation period of 2005 until 2009. Samples were collected by purposive sampling method and resulted in 59 firms as the samples. This study used linear regression for analysing data. The result showed that intellectual capital disclosure does not affect underpricing level significantly. Underwriter and auditor reputation as the control variabels had negative and significant effect on underpricing level. At the same time other control variables e.g gross proceeds, financial leverage, and company’s age did not have significant effect on underpricing level.

Item Type:Thesis (Undergraduate)
Additional Information:intellectual capital disclosure, underpricing level, underwriter’s reputation, gross proceeds, auditor’s reputation, financial leverage, firm’s age
Uncontrolled Keywords:intellectual capital disclosure, underpricing level, underwriter’s reputation, gross proceeds, auditor’s reputation, financial leverage, firm’s age
Subjects:H Social Sciences > H Social Sciences (General)
Divisions:Faculty of Economics and Business > Department of Accounting
ID Code:29443
Deposited By:Mr. Perpustakaan Fakultas Ekonomi
Deposited On:22 Sep 2011 11:25
Last Modified:22 Sep 2011 11:25

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