| dc.contributor.author | Liem, Shelly | |
| dc.date.accessioned | 2026-02-15T15:00:01Z | |
| dc.date.available | 2026-02-15T15:00:01Z | |
| dc.date.issued | 2022 | |
| dc.identifier.uri | https://dspace.uc.ac.id/handle/123456789/9165 | |
| dc.description | Companies that conduct an IPO sell shares in the primary market lower than the sale of shares in the secondary market, this will be called underpricing. underpricing is one of the most frequent phenomena in companies that do IPO. underpricing is a positive difference between the share price on the first day of closing the stock price in the secondary market and the share offering price in the initial market, this difference in stock price is referred to as the initial return (IR). The purpose of this study is to determine the factors that influence the underpricing of consumer cyclicals sector companies when conducting IPOs. The research theory used by the author in this study is Signalling Theory, and Asymmetric Information. This study used underpricing as a dependent variable. The reputation of the underwriter, the reputation of the auditor, and the return on assets (ROA) as an independent variable and the age of the company as the control variable. This research uses a quantitative type approach. The sample determination technique uses purposive sampling where as many as 33 consumer cyclicals sector companies were found to be underpriced during 2015-2019. The data source in this study uses secondary data obtained from the annual financial report and the Indonesia Stock Exchange website using SPSS version 22 as a medium to help manage the data. The measurement scale of this study on underpricing and profitability variables uses a ratio scale. The variables of underwriter reputation, auditor reputation and company age use a nominal scale. The results showed that the underwriter's reputation variable showed a significant negative effect on the company's underpricing when carrying out the IPO, received. The reputation of the auditor did not have a significant negative effect on the underpricing of the company when carrying out the IPO, it was rejected. ROA did not have a significant positive effect on the underpricing of the company when carrying out the IPO, it was rejected. | en_US |
| dc.description.abstract | Perusahaan melakukan IPO dengan menjual saham yang dimiliki perusahaan di pasar perdana lebih rendah dibandingkan penjualan saham di pasar sekunder hal ini akan disebut underpricing. underpricing menjadi salah satu fenomena paling sering terjadi pada perusahan yang melakukan IPO. underpricing merupakan selisih positif antara harga saham pada hari pertama penutupan harga saham di pasar sekunder dengan harga penawaran saham pada pasar perdana, selisih harga saham ini disebut sebagai initial return (IR). Tujuan penelitian ini adalah untuk mengetahui faktor-faktor yang mempengaruhi underpricing perusahaan sektor consumer cyclicals ketika melakukan IPO. Teori penelitian yang digunakan penulis dalam penelitian ini adalah Signalling Theory, dan Asymmetric Informasi. Penelitian ini menggunakan underpricing sebagai variabel dependen. Reputasi underwriter, reputasi auditor,dan return on assets (ROA) sebagai variabel independen dan umur perusahaan sebagai variabel kontrol. Penelitian ini menggunakan pendekatan berjenis kuantitatif. Teknik penentuan sampel penelitian menggunakan purposive sampling yang mana ditemukan sebanyak 33 perusahaan sektor consumer cyclicals yang mengalami underpricing selama tahun 2015-2019. Sumber data pada penelitian ini menggunakan data sekunder yang didapatkan dari laporan keuangan tahunan (annual report) dan website Bursa Efek Indonesia dengan menggunakan SPSS versi 22 sebagai media bantu megelola data. Skala pengukuran dari penelitian ini pada variabel underpricing dan profitabilitas menggunakan skala rasio. Variabel reputasi underwriter, reputasi auditor dan umur perusahaan menggunakan skala nominal. Hasil penelitian menunjukkan variabel reputasi underwriter menunjukkan berpengaruh signifikan negatif terhadap underpricing perusahaan saat melaksanakan IPO, diterima. Reputasi auditor tidak berpengaruh signifikan negatif terhadap underpricing perusahaan saat melaksanakn IPO, ditolak. ROA tidak berpengaruh signifikan positif terhadap underpricing perusahaan saat melaksanakan IPO, ditolak. | en_US |
| dc.language.iso | id | en_US |
| dc.publisher | Universitas Ciputra | en_US |
| dc.subject | Underpricing | en_US |
| dc.subject | Reputasi Underwriter | en_US |
| dc.subject | Reputasi Editor | en_US |
| dc.subject | ROA | en_US |
| dc.subject | Underwriter Reputation | en_US |
| dc.subject | Auditor Reputation | en_US |
| dc.title | Pengaruh ROA, Reputasi Underwriter dan Reputasi Auditor Terhadap Underpricing Pada Perusahaan Consumer Cyclicals yang Melakukan IPO di BEI Pada Tahun 2015-2019 | en_US |
| dc.type | Thesis | en_US |
| dc.identifier.kodeprodi | 62201 | |
| dc.identifier.dosenpembimbing | Cliff Kohardinata | |
