PENGARUH FAKTOR KEUANGAN DAN STRUKTUR GOOD CORPORATE GOVERNANCE TERHADAP TINGKAT UNDERPRICING SAHAM PADA PERUSAHAAN YANG MELAKUKAN KEBIJAKAN INITIAL PUBLIC OFFERING
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Institusion
Sekolah Tinggi Ilmu Ekonomi Perbanas Surabaya
Author
ANDREYAS, LUKY
Subject
657.042 - FINANCIAL ACCOUNTING
Datestamp
2017-07-03 07:17:48
Abstract :
Initial Public Offering (IPO) is company activity in order to public offer of primary share sale and to be go public company. These shares can give initial return or underpricing. Underpricing is a phenomena that occours when determining the price of share in the primary marker is lower than the share price in the secondary market. Intention of this research is to analysis of the infuence of the financial factor and good corporate governance structures to underpricing period 2011-2014. In that period there were 54 companies that may be used in this study. This study used test equipment WarpPLS (Partial Least Square) version 5. Results of this study showed that the variables simultaneously financial factors affect the level of underpricing of shares, whereas for variable underwriter reputation and good corporate governance structure does not affect the level of underpricing shares. Keywords: Underpricing, financial factors, underwriter reputation and good corporate governance structure.
Initial Public Offering (IPO) is company activity in order to public offer of primary share sale and to be go public company. These shares can give initial return or underpricing. Underpricing is a phenomena that occours when determining the price of share in the primary marker is lower than the share price in the secondary market. Intention of this research is to analysis of the infuence of the financial factor and good corporate governance structures to underpricing period 2011-2014. In that period there were 54 companies that may be used in this study. This study used test equipment WarpPLS (Partial Least Square) version 5. Results of this study showed that the variables simultaneously financial factors affect the level of underpricing of shares, whereas for variable underwriter reputation and good corporate governance structure does not affect the level of underpricing shares. Keywords: Underpricing, financial factors, underwriter reputation and good corporate governance structure.
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