BUKTI EMPIRIS FENOMENA UNDERPRICING DAN PENGARUH MEKANISME CORPORATE GOVERNANCE
ABSTRACT: This research
is based on the phenomenon
underlying initial public offering
(IPO), underpricing. The
purpose of this
study is to investigate the
existence of underpricing
phenomena and the
affect of corporate governance
mechanism on underpricing.
Corporate governance has three areas,
which are ownership
structure, board structure, and
transparency. Managerial ownership and
institutional ownership are used
as proxy of
ownership structure, board
of commissioner size is
used as proxy
of board structure,
and audit quality is
used as proxy
of transparency. It
is hypothesized that corporate governance mechanism has
influence on underpricing. Independent sample
t-test and multiple
regression is used
to test hypothesis developed
in this study.
The evidence shows
there is significant underpricing
phenomena following IPO.
Corporate governance
mechanism is found
not significantly influence underpricing phenomena.
Keywords: IPO, underpricing,
corporate governance
Penulis: Lulus Kurniasih, Arif
Lukman Santoso
Kode Jurnal: jpmanajemendd080037
Pesan jurnal yang anda butuhkan disini.... >>> KLIK DISINI <<<
