PENGARUH DER, ROI, CURRENT RATIO DAN RATA-RATA KURS TERHADAP UNDEPRICING PADA INITIAL PUBLIC OFFERING - Studi Kasus Pada Perusahaan Non Keuangan di Indonesia
Abstract: The purpose
of this study
is examining the
effects of DER,
ROI, current ratio, and
exchange rate on
underpricing of Initial
Public Offering both simultaneously and
partially. This study
consist of two
period, they are
hot and cold market. The sample
of hot market period are 42 companies while cold market are 25
companies. This study
use Ordinary Least
Square. The result
of the regression shows that DER
has a positive correlation in hot market period while in cold
market period has
not correlation. ROI
has not correlation
with underpricing either in
hot market period
nor cold market
period. Current ratio has
a positive correlation
with underpricing in
cold market period
while in hot market period has not correlation with
underpricing. Exchange rate has a positive correlation with underpricing in hot
market period while in cold market has not correlation. For
the simultan test,
DER, ROI, current
ratio, and exchange
rates has a significant correlation on α = 10% with underpricing simultanly
in hot market period, but in cold
market period is not.
Penulis: Gatot Nazir Ahmad
Kode Jurnal: jpmanajemendd130886
