Pengaruh Solvabilitas, Roa Dan Umur Perusahaan Terhadap Underpricing Saham Pada Penawaran Umum Perdana (Studi Pada Perusahaan Yang Melakukan IPO Di BEI Periode Tahun 2017-2018)

Defri, Vanya Hestia (2021) Pengaruh Solvabilitas, Roa Dan Umur Perusahaan Terhadap Underpricing Saham Pada Penawaran Umum Perdana (Studi Pada Perusahaan Yang Melakukan IPO Di BEI Periode Tahun 2017-2018). Other thesis, Universitas Islam Riau.

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Abstract

The purpose of this study was to determine the effect of solvency, return on assets and company age on the level of underpricing at the time of the initial public offering on the Indonesia Stock Exchange. The population in this study is a nonfinancial go public company that conducted an IPO on the IDX for the 2017-2018 period. There were 87 companies that conducted IPOs in 2017 and 2018. While the sample in this study used the purposive sampling method. The data analysis method used multiple linear regression analysis. The results of the study explain that the debt equity ratio has a significant influence on the underpricing of the company, because the higher the solvency value, the more the company is considered good by the public because it is considered to have good performance. While return on assets has a significant effect on the underpricing of companies that conduct IPOs on the stock market, a high level of profitability of a company will reduce uncertainty for investors so that it will reduce the level of underpricing. And the age of the company has a significant influence on the underpricing of companies that conduct IPOs on the stock market, the older the age of the company, the chances of creating an initial return will be lower or the level of underpricing will be lower. Meanwhile, simultaneously, the debt equity ratio, return on assets, and company age have a significant influence on the underpricing of companies that conduct IPOs on the stock market.

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