International Journal of Scientific and Research Publications

IJSRP, Volume 7, Issue 11, November 2017 Edition [ISSN 2250-3153]


An Examination Factors Influencing Underpricing of IPOs in Financial and Manufacturing Industries on The Indonesia Stock Exchange over The Period of 2011-2016
      Muhamad Rexy Aji Mahatidana, Irni Yunita
Abstract: This study aims to determine the factors influencing the level of underpricing of Financial and Manufacturing companies listed in Indonesia Stock Exchange within 2011-2016. Variables examined include underwriter reputation, auditor reputation, firm age, financial leverage, ROA, and ownership concentration. This research was carried out through the analysis of multiple linear regression with a 5% significance level, Data collection tool that used is observation and literature study with purposive sampling method. This research used 40 selected samples from 140 firms available in population. The research concluded that first underwriter reputation and auditor reputation succeed to show a negative significant effect on the level of underpricing. Second, firm age, financial leverage, ROA and ownership concentration failed to show a significant influence on the level of underpricing,

Reference this Research Paper (copy & paste below code):

Muhamad Rexy Aji Mahatidana, Irni Yunita (2017); An Examination Factors Influencing Underpricing of IPOs in Financial and Manufacturing Industries on The Indonesia Stock Exchange over The Period of 2011-2016 ; Int J Sci Res Publ 7(11) (ISSN: 2250-3153). http://www.ijsrp.org/research-paper-1117.php?rp=P716961
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