Analisis Pengaruh Reputasi Auditor, Reputasi Underwriter dan Leverage Pada IPO Underpricing (Studi Empiris pada Perusahaan yang Terdaftar di Bursa Efek Indonesia Periode 2010-2015)

Abstract

This study aims to examine the relevant Initial Public Offering (IPO) made by the company are influenced by internal factors that consist of auditor reputation, underwriter reputation and leverage, for the dependent variable that IPO underpricing is measured using a formula that involves components of the closing price and the offering price Companies selected into the study population is a company conducting its IPO in the IPO market are listed on the Indonesia Stock Exchange during the period 2010-2015, with the collection of samples by purposive sampling method with the company's criteria are experiencing underpricing and have complete data, 86 companies selected as samples, linear regression analysis of SPSS 20 selected as an analytical tool research. The results of this study indicate that the variable underwriter reputation, and the reputation of underwriters significant effect but in the opposite direction to the hypothesis developed to leverage the variable IPO underpricing whereas no significant effect on the IPO underpricing,