Factors Affecting Underpricing And Its Implications Stock Return on Companies Listed on the Indonesia Stock Exchange

Reschiwati, Reschiwati and Hamilah, HH and Maksimilianus Kolot Ama, M (2022) Factors Affecting Underpricing And Its Implications Stock Return on Companies Listed on the Indonesia Stock Exchange. Asian Journal of Social Science and Management Technology, 4 (2). pp. 177-192. ISSN 2313-7410

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Abstract

: This study discusses the factors that affect underpricing (UNDR) and its implications on stock returns (RS). The factors in question are Debt To Equity Ratio (DER), Return On Assets (ROA), Company Age (AGE) and Company Size (SIZE). This study applies a quantitative descriptive approach. The type of information used is Secondary Data, in the form of Financial Statements for Companies listed on the Indonesia Stock Exchange (IDX). 15 companies that conducted an IPO in 2016 became the population in this study using purposive sampling, so that 9 companies were obtained as samples. The research was processed using Eviews 9.0. The results showed that DER, ROA, AGE, SIZE had an effect on underpricing. DER, ROA, AGE and SIZE together have an effect on underpricing. DER, ROA, SIZE and underpricing have an effect on Stock Return, while AGE has no effect on Stock Return. DER, ROA, AGE, SIZE and underpricing together have an effect on Stock Return. Underpricing is a mediator or acts as an intervening variable in the effect of DER and ROA on stock returns, but not for AGE and SIZE. Keywords: Underpricing (UNDR), Stock Return (RS), Debt To Equity Ratio (DER), Return On Assets (ROA), Company Age (AGE), Company Size (SIZE).

Item Type:	Article
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HC Economic History and Conditions
Depositing User:	Hamilah Mila Tiyan
Date Deposited:	26 Jan 2023 08:17
Last Modified:	26 Jan 2023 08:17
URI:	http://repository.stie-yai.ac.id/id/eprint/1315

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