ANALISIS FAKTOR–FAKTOR YANG MEMPENGARUHI ABNORMAL RETURN SAHAM PADA KINERJA JANGKA PANJANG PENAWARAN UMUM PERDANA (IPO) (Studi Kasus pada Perusahaan Non Finansial yang Go Public di Bursa Efek Indonesia Tahun 2006-2009)

ABID , Muhammad Talkhisul and MUHARAM, Harjum (2013) ANALISIS FAKTOR–FAKTOR YANG MEMPENGARUHI ABNORMAL RETURN SAHAM PADA KINERJA JANGKA PANJANG PENAWARAN UMUM PERDANA (IPO) (Studi Kasus pada Perusahaan Non Finansial yang Go Public di Bursa Efek Indonesia Tahun 2006-2009). Undergraduate thesis, Fakultas Ekonomika dan Bisnis.

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Abstract

The aim of this study is to analyze the factors that affect Abnormal Return on long-term stock performance after 36 months of the IPO. The independent variables in this study consist of Benchmark, Money Raised, Market Value, and Magnitude of Underpricing. The dependent variable is the abnormal return on long-term stock performance after 36 months of the IPO. The samples used in this study were the nonfinancial companies on 2006- 2009 period as many as 54 non-financial companies using purposive sampling method. The analysis technique used was multiple linear regression analysis and performed classical assumption test which include normality test, multicollinearity test, autocorrelation test, and heteroskesdasticity test. Based on the classical assumption test which includes normality test, multicollinearity test, autocorrelation test, and heteroskesdasticity test, it was not found variables that deviate from the classical assumption test. It indicates that the available data has been qualified to use multiple linear regression equation models. The results showed that partially the Benchmark affect significantly and negatively trending toward Abnormal Return; Money Raised and Market Value does not affect significantly and positively trending towards Abnormal Return; Magnitude of Underpricing significantly and positively trending towards Abnormal Return. The ability of the four independent variables was able to explain the variation on the dependent variables amounted to 45.8%, while the rest equal to 54.2% explained by other factors that are not described in the model

Item Type:Thesis (Undergraduate)
Additional Information:Benchmark, Money Raised, Market Value, Magnitude of Underpricing and Abnormal Return
Uncontrolled Keywords:Benchmark, Money Raised, Market Value, Magnitude of Underpricing and Abnormal Return
Subjects:H Social Sciences > H Social Sciences (General)
Divisions:Faculty of Economics and Business > Department of Management
ID Code:40031
Deposited By:Mr. Perpustakaan Fakultas Ekonomi
Deposited On:30 Aug 2013 10:10
Last Modified:15 Apr 2014 09:42

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