ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI INITIAL RETURN PADA PERUSAHAAN NON KEUANGAN YANG MELAKUKAN INITIAL PUBLIC OFFERING (IPO) DI BEI PERIODE 2010-2015
Abstract: Most of company will
do a variety of ways to meet the capital needs in order to expand and maintain
its business. The company may issuing new shares and sell it to the public,
it’s called Initial Public Offering (IPO). This research aims to analyze the
influence of Return On Asset (ROA), Debt to Equity Ratio (DER), Current Ratio
(CR), Size and Proceed to Initial Return (IR) non-financial companies in
Indonesia Stock Exchange during 2010-2015. The number of sample used in this
research were 113 non-financial companies doing IPO period of 2010 until the
end of 2015. Secondary data were obtain from prospectus when Initial Public
Offering. The analytical method used in this research is Multiple Linear
Regression Analysis where previously performed classical assumption that
includes Normality Test, Multicollinearity Test, Autocorellation Test, and
Heteroskedastisitas Test with significance level of 5%. The study found that
Size is positively significant influenced to Initial Return (IR). Proceed is
negatively significant influenced to Initial Return. On the other hand, Return
On Asset (ROA), Debt to Equity Ratio (DER), Current Ratio (CR) have no
significant effect on Initial Return. Based on the coefficient determination,
variable Return On Asset (ROA), Debt to Equity Ratio (DER), Current Ratio (CR),
Size, and Proceed have 28,7% effect against Initial Return. While the remaining
71,3% is influenced by other variables that are not used in this study.
Keywords: Initial Public
Offering (IPO), Return On Asset (ROA), Debt to Equity Ratio (DER), Current
Ratio (CR), Size, Proceed and Initial Return (IR)
Penulis: Amalia Nuryasinta, A.
Mulyo Haryanto
Kode Jurnal: jpmanajemendd170814
