PENGARUH SHARE OFFERING PERCENTAGE, MARKET CONDITION, FINANCIAL LEVERAGE, PROFITABILITAS, PRICE EARNING RATIO, INTELLECTUAL CAPITAL, FIRM AGE, DAN INSTITUSIONAL OWNERSHIP TERHADAP UNDERPRICING SAHAM YANG INITIAL PUBLIC OFFERING DI BURSA EFEK INDONESIA PERIODE 2016-2019

Khasanah, Siti Nuriahtul (2020) PENGARUH SHARE OFFERING PERCENTAGE, MARKET CONDITION, FINANCIAL LEVERAGE, PROFITABILITAS, PRICE EARNING RATIO, INTELLECTUAL CAPITAL, FIRM AGE, DAN INSTITUSIONAL OWNERSHIP TERHADAP UNDERPRICING SAHAM YANG INITIAL PUBLIC OFFERING DI BURSA EFEK INDONESIA PERIODE 2016-2019. Skripsi thesis, Universitas Pancasakti Tegal.

Text SKRIPSI_Siti Nuriahtul Khasanah_4116500268.pdf Restricted to Repository staff only Download (5MB)

Abstract

Siti Nuriahtul Khasanah, 2020, The Effect of Share Offering Percentage, Market Condition, Financial Leverage, Profitability, Price Earning Ratio, Intellectual Capital, Firm Age and Institutional Ownership on Underpricing of Initial Public Offering (IPO) Shares on the 2016-2019 Bursa Efek Indonesia Period. This study aims to examine the effect of share offering percentage, market condition, financial leverage, profitability, price earning ratio, intellectual capital, firm age and institutional ownership on the underpricing of shares that were initial public offering (IPO) on the BEI 2016-2019 period. The hypotheses in this study are: 1) There is an effect of share offering percentage on stock underpricing, 2) There is an effect of market conditions on stock underpricing, 3) There is an effect of financial leverage on stock underpricing, 4) There is an effect of profitability on stock underpricing, 5) There is an influence price earning ratio on stock underpricing, 6) There is an effect of intellectual capital on stock underpricing, 7) Firm age has an influence on stock underpricing, 8) There is an effect of institutional ownership on stock underpricing, 9) There is an influence of share offering percentage, market conditions, financial leverage, profitability, price earning ratio, intellectual capital,firm age, and institutional ownership simultaneously towards underpricing of shares. The population used in this study was companies that conducted an initial public offering (IPO) for the period of 2016-2019, amounting to 159 companies. While the samples used in this study are 82 companies that have met certain criteria by using purposive sampling technique. For data sources in this study were obtained from annual financial reports and prospectuses published by each company. The data collection method uses literature study and documentation. The data analysis method uses the classical assumption test, multiple linear regression analysis and hypothesis testing. Based on the analysis that has been done, it can be concluded that: 1) Share offering percentage does not affect the underpricing of shares, 2) Market condition does not affect the underpricing of shares, 3) Financial leverage does not affect the underpricing of shares, 4) Profitability affects the underpricing shares, 5) Price earning ratio has no effect on stock underpricing, 6) Intellectual capital has an effect on stock underpricing, 7) Firm age has no effect on stock underpricing, 8) Institutional ownership affects the underpricing shares, 9) Share offering percentage, market conditions , financial leverage, profitability, price earning ratio, intellectual capital, firm age, and institutional ownership simultaneously affect the underpricing of shares. Keywords: Share Offering Percentage, Market Condition, Financial Leverage, Profitability, Price Earning Ratio, Intellectual Capital, Firm Age, Institutional Ownership, Underpricing.

Actions (login required)

View Item