FENOMENA MANAJEMEN LABA DAN UNDERPRICING PADA PERUSAHAAN YANG MELAKUKAN INITIAL PUBLIC OFFERING
ABSTRACT: Recently, companies
are often faced
with a problem
limited funding, which
make the company can
no longer depend on internal
funding sources only. To that, companies must seek external funding sources,
which one of them can be done by a public share issue. Public share issue is
also known as an IPO (Initial Public Offering). For companies that will
perform the IPO,
earnings management is
a common step
that taken to
attract investors to
invest in that company. Earnings management is
management interference in the process of preparing financial statements in
order to enhance corporate
value. With the
earnings management policy,
later will happen
a phenomenon that
called underpricing, where the
price of shares traded on the primary market lower than when it is traded on the secondary market.
Keywords: Earnings Management, IPO, Underpricing
Penulis: ANDRE NATA INDRA
Kode Jurnal: jpakuntansidd120052
