Analisis Faktor-Faktor yang Mempengaruhi Tingkat Underpricing pada Perusahaan yang Go Public di Bursa Efek Jakarta

Trisnaningsih, Sri

doi:10.23917/reaksi.v4i2.3588

Cited by 7 publications

(9 citation statements)

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“…The higher the level of leverage of a company, the higher the level of uncertainty factors will negatively affect the company so that the initial return (Sulistio, 2005). This is also supported by Firth and Smith in Trisnaningsih (2005) that financial leverage is a high level of obligations to make the company's management becomes more difficult to make a firm prediction.…”

Section: Methodsmentioning

confidence: 67%

The Factors Underpricing Level in The Companies Conducting Initial Public Offering At Indonesia Stock Exchange

Rabiqy

Yusnaidi

2017

AMBR

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The purpose of this research is to examine and analyze the influence of of the variables Current Ratio, Firm Size, Financial Leverage, and Return on Equity to Underpricing level. This research used the Initial Public Offerings companies which was listed its stock to Indonesian Stock Exchange. The data that is used at this research was taken from the annual published financial report of each company. The population in this research is companies that were listed to Indonesian Stock Exchange during period 2012 through 2016. The amount of population was 115 companies. Based on certain criteria, there are 62 samples from population. Method of multiple linear regressions on panel data approach using Common Effect Model (The Pooled Least Square). Simultaneous test in hypotesis results shows that Current Ratio, Firm Size, Financial Leverage, and Return on Equity have a significant effect on the Underpricing level of Initial Public Offerings companies. Partial test (t-test) in hypothesis result shows that Firm Size have a negative and significant effect on the Underpricing level of Initial Public Offerings companies that listed in Indonesian Stock Exchange. Current Ratio, Financial Leverage, and Return on Equity have a negatif and insignificant on the Underpricing level of Initial Public Offerings companies that listed in Indonesian Stock Exchange. Keywords: Common Effect Model, Financial Leverage, Firm Size, Return on Equity, Underpricing Current Ratio

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Section: Methodsmentioning

confidence: 67%

The Factors Underpricing Level in The Companies Conducting Initial Public Offering At Indonesia Stock Exchange

Rabiqy

Yusnaidi

2017

AMBR

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“…Hal ini bisa disebabkan oleh beberapa hal salah satunya seperti yang di penggunaan underwriter yang memiliki reputasi yang bagus tidak memberikan sinyal yang bagus pula kepada investor. Investor kadang tidak memperhatikan siapakah yang menjadi underwriter dalam perusahaan IPO, alasan ini juga di dukung oleh Trisnaningsih (2005). Selain itu investor bisa jadi juga tidak melihat seberapa bagus atau baiknya underwriter yang digunakan oleh perusahaan IPO, investor cenderung melihat dari aspek lain dari perusahaan tersebut seperti melihat harga yang ditawarkan relatif rendah atau tidak.…”

Section: Pembahasanunclassified

Fenomena Underpricing Pada Penawaran Perdana (IPO)

Saputri¹

2022

Wahana

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This study aims to confirm whether ROA, PER, underwriter reputation, company size, percentage of shares offered to the public, and company age affect the level of underpricing. This study uses a quantitative approach to the type of data in this study, namely secondary data. The research population is companies that have conducted IPOs on the Indonesia Stock Exchange (IDX) during the 2020 to 2021 period. The sample used in this study was 93 companies. The results of this study indicate that of all the independent variables, it is proven that there is one that has a significant influence on the dependent variable. Based on the hypothesis testing conducted, the ROA and PER variables affect the level of underpricing. As for the underwriter reputation variable, the percentage offered to the public, the size of the company, and the age of the company have no effect on the level of underpricing. After conducting research, it is proven that there are differences in the level of underpricing in 2020 and 2021.

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“…Ini berarti bahwa manajemen laba merupakan usaha manajemen untuk memaksimalkan, atau meminimalkan laba, termasuk perataan laba sesuai dengan keinginan manajemen. Sugiri (1998) dalam (Widyaningdyah, 2001) membagi definisi manajemen laba menjadi dua, yaitu: Manajemen laba dalam hal ini hanya berkaitan dengan pemilihan prosedur akuntansi. Manajemen laba dalam artian sempit ini didefinisikan sebagai perilaku manajer untuk "bermain" dengan komponen discretionary accruals dalam menentukan besarnya laba.…”

Section: Pendahuluanunclassified

“…Jika Sugiri (1998) memberikan definisi manajemen laba secara teknis, maka Surifah (1999) memberikan pendapatnya mengenai dampak manajemen laba terhadap kredibilitas laporan keuangan (Widyaningdyah, 2001). Menurut Surifah (1999) dalam (Widyaningdyah, 2001) manajemen laba dapat mengurangi kredibilitas laporan keuangan apabila digunakan sebagai dasar untuk pengambilan keputusan, karena manajemen laba merupakan suatu bentuk rekayasa atas laporan keuangan yang menjadi sarana komunikasi antara manajer dan pihak eksternal perusahaan.…”

Section: Pendahuluanunclassified

Pencatatan Akuntansi Dan Manajemen Laba Pada Perusahaan Di Indonesia Selama Pandemi Coronavirus (Covid-19)

Sari

2021

COSTING

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This research is a descriptive qualitative study that aims to explore the practice of accounting records adopted by business people and companies in Indonesia during the Coronavirus pandemic by comparing it with previous literature which has similar characteristics, namely past events that have an impact on unstable financial conditions. The data used in this study are secondary data, such as the results of previous studies, accounting lecturer dialogue forum press releases, Indonesian Accountants Association press releases, and several other online information sources. Overall, the discussion of this study shows that several accounting techniques can be used to reduce the negative impact of a pandemic on corporate financial reports. Some of the techniques companies can use during a pandemic include fair value accounting, income smoothing, loss avoidance, and big-bath earnings management. The results of the discussion in this study contribute to recent debates about the relevance of accounting to society. Although accounting - both as a discipline and practice - cannot be blamed for the negative effects of the pandemic on companies, it can be blamed as a social science for failing to assist in mitigating the negative effects of the pandemic on the financial performance of companies when managers are not allowed to exercise significant accounting wisdom. to mitigate the negative effects of the pandemic on their balance sheet. As the pandemic gets worse, more basic questions will be asked about the contribution of accounting to society, especially in reducing the negative impact of a crisis or pandemic on companies. Keywords: Fair Value Accounting, Income Smoothing, Loss Avoidance, and Big-Bath Earnings Management, Coronavirus (Covid 19)

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Analisis Faktor-Faktor yang Mempengaruhi Tingkat Underpricing pada Perusahaan yang Go Public di Bursa Efek Jakarta

Abstract: -

Cited by 7 publications

References 0 publications

The Factors Underpricing Level in The Companies Conducting Initial Public Offering At Indonesia Stock Exchange

The Factors Underpricing Level in The Companies Conducting Initial Public Offering At Indonesia Stock Exchange

Fenomena Underpricing Pada Penawaran Perdana (IPO)

Pencatatan Akuntansi Dan Manajemen Laba Pada Perusahaan Di Indonesia Selama Pandemi Coronavirus (Covid-19)

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