PENGARUH PROFITABILITAS, UMUR PERUSAHAAN DAN FINANCIAL LEVERAGE TERHADAP UNDERPRICING SAHAM INITIAL PUBLIC OFFERING PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2019- 2022
Keywords:
Profitability, Company Age, Financial Leverage, Stock Underpricing
Abstract
Current business progress and developments make it easy for people to recognize various investments, one of which is stocks. Investors can find out several terms in purchasing shares, one of which is the initial public offering (IPO) which is used by companies to obtain additional capital obtained from investors. This study aims to determine the effect of profitability, firm age and financial leverage on the underpricing of Initial Public Offering shares. Using a quantitative research method using a sample of 21 companies that experienced stock underpricing in 2019-2022. The data analysis technique in this study used multiple linear regression analysis using SPSS version 26. This research tested using the t test and F test. The results of this study indicate that partially profitability, firm age and financial leverage have a significant effect on initial public offering stock underpricing. Simultaneously profitability, firm age and financial leverage have a significant effect on initial public offering stock underpricing.
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References
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tenry irma maygista , rita indah mustikowati, riril mardiana firdaus. (2020). Machine Translated by Google ( Company of Property and Real Estate that conducted the IPO Tenry Iryma Maygista Rita Indah Mustikowati Riril Mardiana Firdaus Machine Translated by Google. 2015, 1–4.
Wicaksono, D. (2020). Analisis Pengaruh Profitabilitas Dan Reputasi Underwriter Terhadap Underpricing Pada Penawaran Saham Perdana. Jurnal Studi Islam Lintas Negara, 2(1), 62–76.
Angela, O., & Sun, Y. (2020). Faktor-faktor yang mempengaruhi harga perumahan. Implementation Science, 39(1), 1–15.
Apriliani, S. R., & Bustamam, B. (2022). Pengaruh Financial Leverage, Ukuran Perusahaan, Dan Kepemilikan Institusional Terhadap Underpricing Saham Syariah Saat Initial Public Offering (Ipo) Di Bursa Efek Indonesia Pada Masa Pandemi Covid-19. Jurnal Ilmiah Mahasiswa Ekonomi Akuntansi, 7(1), 118–130. https://doi.org/10.24815/jimeka.v7i1.21062
Asnaini, H. (2018). PENGARUH UMUR PERUSAHAAN ,UKURAN PERUSAHAAN ,PRESENTASE SAHAM YANG DI TAWARKAN DAN EARNING PER SHARE TERHADAP UNDERPRICING SAHAM PADA SAAT INITIAL PUBLIC OFFERING DI BURSA EFEK INDONESIA TAHUN 2014 - 2018. Journal of Materials Processing Technology, 1(1), 1–8.
Darmayanti, N., Mildawati, T., & Dwi Susilowati, F. (2021). Dampak Covid-19 Terhadap Perubahan Harga Dan Return Saham. EKUITAS (Jurnal Ekonomi Dan Keuangan), 4(4), 462–480. https://doi.org/10.24034/j25485024.y2020.v4.i4.4624
Diah kirana astuti, said djamaluddin. (2021). Tingkat Underpricing Saham Pada Penawaran Umum Perdana ( Ipo ) Di Bursa Efek Indonesia. Dinasti Internasional Journal of Economics ,Finance and Accounting, 2(1), 28–45.
Kirana Astuti, D., & Djamaluddin, S. (2021). Underpricing Determinants on the Public Offering of Primary Shares (IPO) in Indonesia Stock Exchange 2015-2019. Dinasti International Journal of Economics, Finance & Accounting, 2(1), 28–45. https://doi.org/10.38035/dijefa.v2i1.732
Komariah, S., & Sabrina, A. D. (2022). Analisis profitabilitas dan ukuran perusahaan terhadap initial return pada perusahaan IPO di Bursa Efek Indonesia Periode 2017-2021. Fair Value: Jurnal Ilmiah Akuntansi Dan Keuangan, 5(4), 1893–1900. https://doi.org/10.32670/fairvalue.v5i4.2592
Lia Amalia Kartika , Yogi ginanjar, E. F. A. (2023). PERUSAHAAN YANG MELAKUKAN IPO DI BEI TAHUN 2020-2021. Prosiding Semanis : Seminar Nasional Manjemen Bisnis, 1, 101–104.
Lukman, S. A. (2023). Pengaruh Likuiditas , Profitabilitas , Leverage , Reputasi Underwriter Dan Jenis Industri Terhadap Underpricing Saham Pada Perusahaan Yang Melakukan Ipo Di Bei Pada Tahun 2020-2021.
Miswanto, M., & Abdullah, Y. R. (2020). Analysis of the Effect of Firm Size, Profitability and Capital Structure on IPO Underpricing on the Indonesia Stock Exchange (IDX). International Journal of Innovation, Creativity and Change, 13(10), 829–844. www.ijicc.net
Monica, sari fitriana. (2021). perusahaan karoseri PT Harapan Duta Pertiwi melantai di Bursa. VALIDNEWS. https://www.validnews.id/ekonomi/perusahaan-karoseri-pt-harapan-duta-pertiwi-melantai-di-bursa
Mulyani, E., & Maulidya, R. (2021). Underpricing Saham pada Saat Initial Public Offering (IPO): Pengaruh Ukuran Perusahaan, Umur Perusahaan, Reputasi KAP dan Profitabilitas. Wahana Riset Akuntansi, 9(2), 139. https://doi.org/10.24036/wra.v9i2.112970
Pramesti, D. D., Rikumahu, B., & Fahlevi, A. R. (2023). SEIKO : Journal of Management & Business Faktor – Faktor yang Mempengaruhi Underpricing Harga Saham pada Perusahaan yang Melakukan Penawaran Umum Perdana ( IPO ) Pada Tahun 2017 – 2021. 6(1), 209–215. https://doi.org/10.37531/sejaman.v6i1.3605
Riyanti, S., Widya, U., & Pontianak, D. (2021). Pengaruh struktur modal, ukuran perusahaan, reputasi underwriter dan auditor terhadap underpricing saham pada initial public offering perusahaan di bursa efek indonesia. FinAcc, 6(3), 433–443.
Sugiyono. (2018). Metode penelitian bisnis pendekatan kuantitatif ,kualitatif ,kombinasi dan R&D (M. S. sofia yustiyani suryandari , S.E. (ed.)). ALFABETA ,cv.
Suharti, D. purwanto. (2022). THE 10th ISLAMIC BANKING , ACCOUNTING AND FINANCE INTERNATIONAL CONFERENCE 2022 ( i BAF 2022 ) The Effect of Financial Ratio and Underwriter ’ s Reputation on Underpricing : Evidence from Indonesian IPO ( 2017-2021 ). Islamic Banking,Accounting and Finance Internasional Conferrence - The 10th IBAF, 2022, 498–503.
tenry irma maygista , rita indah mustikowati, riril mardiana firdaus. (2020). Machine Translated by Google ( Company of Property and Real Estate that conducted the IPO Tenry Iryma Maygista Rita Indah Mustikowati Riril Mardiana Firdaus Machine Translated by Google. 2015, 1–4.
Wicaksono, D. (2020). Analisis Pengaruh Profitabilitas Dan Reputasi Underwriter Terhadap Underpricing Pada Penawaran Saham Perdana. Jurnal Studi Islam Lintas Negara, 2(1), 62–76.
Published
2024-04-30
How to Cite
Setyorini, A., Darmayanti, N., & Rachmaniyah, F. (2024). PENGARUH PROFITABILITAS, UMUR PERUSAHAAN DAN FINANCIAL LEVERAGE TERHADAP UNDERPRICING SAHAM INITIAL PUBLIC OFFERING PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2019- 2022. J-MACC : Journal of Management and Accounting, 7(1), 93-104. https://doi.org/https://doi.org/10.52166/j-macc.v7i1.6394
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