ANALISIS PENGARUH FAKTOR FUNDAMENTAL PERUSAHAAN DAN KONDISI EKONOMI MAKRO TERHADAP TINGKAT UNDERPRICING SAAT PENAWARAN UMUM PERDANA (Studi Empiris pada Perusahaan Go Publik yang Terdaftar di Bursa Efek Indonesia Tahun 2008-2011)

RACHMADHANTO, David Tri and RAHARJA, Raharja (2014) ANALISIS PENGARUH FAKTOR FUNDAMENTAL PERUSAHAAN DAN KONDISI EKONOMI MAKRO TERHADAP TINGKAT UNDERPRICING SAAT PENAWARAN UMUM PERDANA (Studi Empiris pada Perusahaan Go Publik yang Terdaftar di Bursa Efek Indonesia Tahun 2008-2011). Undergraduate thesis, Fakultas Ekonomika dan Bisnis.

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Abstract

This study aims to examine the variables that influence the level of underpricing stock price when the company's initial public offering in Indonesia Stock Exchange 2008-2011 period. The dependent variable in this study is the level of underpricing measured by value of initial returns, while the independent variable is the total asset turnover, debt to equity ratio, return on equity, current ratio, inflation rate, BI rate , and the exchange rate. The data used in this study is a secondary data that collected by using purposive sampling method. Sample of 37 companies from 73 populations companies doing IPOs from 2008-2011 in Indonesia Stock Exchange. This study used multiple regression for data analysis. The results of this study showed that the variable debt to equity ratio negatively influence the level of underpricing is proven. Other variables such as total asset turnover, return on equity, current ratio, inflation rate, BI rate, and the exchange rate influence the level of underpricing is not proven. In this research model, shows the variable total assets turnover, debt to equity ratio, return on equity, current ratio, inflation rate, the BI rate, and the exchange rate can only explain the variation in the level of underpricing of 45 %.

Item Type:Thesis (Undergraduate)
Additional Information:level of underpricing, signaling theory, assymetric information, total asset turnover, debt to equity ratio, return on equity, current ratio, inflation rate, BI rate , and the exchange rate
Uncontrolled Keywords:level of underpricing, signaling theory, assymetric information, total asset turnover, debt to equity ratio, return on equity, current ratio, inflation rate, BI rate , and the exchange rate
Subjects:H Social Sciences > H Social Sciences (General)
Divisions:Faculty of Economics and Business > Department of Accounting
ID Code:43925
Deposited By:Mr. Perpustakaan Fakultas Ekonomi
Deposited On:09 Oct 2014 13:42
Last Modified:09 Oct 2014 13:42

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