Abstract :
The purpose of this study is to examine the influence of concentration of ownership, return on asset, and current ratio to underpricing. This study uses Asymmetric Information Theory and Signaling Theory as the theory. The population is a company IPO in the Indonesia Stock Exchange (BEI) from 2011-2015, while the sample is a company that is experiencing underpricing IPO 2011-2015 with 87 companies. The data analysis is multiple regression analysis to know the effect of concentration of stock ownership, return on asset, and current ratio to intention of underpricing of shares in Initial Public Offering on the Indonesia Stock Exchange Period 2011-2015. The result showed that concentration of stock ownership, return on asset, and current ratio does not affect to intention of underpricing.
Keywords: concentration of ownership, return on asset, current ratio, underpricing, asymmetric information theory, signaling theory