Skripsi S1
Pengaruh Retrun On Equity ,Earning Per Share, Debt To Equity, dan Umur Perusahaan terhadap Tingkat Underpricing pada Perusahaan yang Melakukan Intial Public Offering
Abstrak
Penelitian ini bertujuan untuk mengetahui pengaruh Return On Equity, Earning Per Share, Debt to Equity Ratio, dan Umur Perusahaan terhadap tingkat Underpricing. Underpricing merupakan fenomena di mana harga saham saat penawaran umum perdana lebih rendah daripada harga penutupan saham di pasar sekunder pada hari pertama. Populasi dalam penelitian ini adalah perusahaan yang melakukan Initial Public Offering (IPO) di Bursa Efek Indonesia (BEI) pada tahun 2016-2018 sebanyak 109 perusahaan. Metode yang digunakan dalam penelitian ini adalah metode kuantitatif. Analisis data menggunakan analisis regresi linear berganda dengan program SPSS 24. Hasil penelitian menunjukkan bahwa Return On Equity (ROE) berpengaruh negatif dan signifikan terhadap Underpricing, Earning Per Share (EPS) tidak berpengaru terhadap Underpricing, Debt to Equity Ratio (DER) tidak berpengaruh terhadap Underpricing, dan umur perusahaan tidak berpengaruh terhadap Underpricing. Secara simultan Return On Equity, Earning Per Share, Debt to Equity Ratio, dan Umur Perusahaan berpengaruh signifikan terhadap Underpricing sebesar 14,5% dan sisanya 85,5% dijelaskan oleh variabel lain.
Kata Kunci: Return On Equity, Earning Per Share, Debt to Equity Ratio, Umur Perusahaan dan Underpricing.
Abstract
This study aims to determine the effect of Return On Equity, Earning Per Share, Debt to Equity Ratio, and Age of the Company to the level of Underpricing. Underpricing is a phenomenon where the stock price at the initial public offering is lower than the closing price of shares on the secondary market on the first day. The population in this study are companies that conduct Initial Public Offering (IPO) on the Indonesia Stock Exchange (IDX) in 2016-2018 as many as 109 companies. The method used in this research is quantitative method. Data analysis using multiple linear regression analysis with the SPSS 24 program. The results showed that Return On Equity (ROE) had a negative and significant effect on Underpricing, Earning Per Share (EPS) had no effect on Underpricing, Debt to Equity Ratio (DER) had no effect to Underpricing, and the age of the company has no effect on Underpricing. Simultaneously Return On Equity, Earning Per Share, Debt to Equity Ratio, and Age of the Company have a significant effect on Underpricing by 14,5% and the remaining 85,5% is explained by other variables.
Keywords: Return On Equity, Earning Per Share, Debt to Equity Ratio, Company Age and Underpricing.
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