The Effect of Return on Assets, Current Ratio, Debt to Equity Ratio and Underwriter's Reputation on Underpricing During Initial Public Offering (IPO) on The Indonesia Stock Exchange in Period 2014-2018

Damanik, Jenniari Shella and Sembiring, Ferikawita M. (2020) The Effect of Return on Assets, Current Ratio, Debt to Equity Ratio and Underwriter's Reputation on Underpricing During Initial Public Offering (IPO) on The Indonesia Stock Exchange in Period 2014-2018. In: ICETLAWBE 2020, 26 September 2020, Bandar Lampung, Indonesia.

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Abstract

This research was aimed to find out the influence of financial and non-financial information to underpricing in companies that conducted Initial Public Offering. Variables used in this study are Return on Assets (ROA), Current Ratio (CR), Debt to Equity Ratio (DER), and Underwriter's Reputation. The population in this research was the companies that conduct IPO listed in the Indonesia Stock Exchange within 2014-2018 outside the companies from banking. The data analysis uses multiple regression method and the samples of this study use purposive sampling method with the number of samples are 85 companies. The result showed that Return on Assets (ROA) and Underwriter's Reputation have significantly influenced the underpricing, while other independent variables such as Debt to Equity Ratio (DER) and Current Ratio (CR) have not significantly influenced the underpricing. The result showed that simultaneously Return on Assets (ROA), Current Ratio (CR), Debt to Equity Ratio (DER) and an Underwriter's Reputation have significantly influence the underpricing.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: current ratio (cr) debt to equity ratio (der) initial public offering (ipo) return on assets (roa) underwriter's reputation underpricing
Subjects: H Social Sciences > H Social Sciences (General)
Depositing User: EAI Editor IV
Date Deposited: 09 Apr 2021 10:24
Last Modified: 09 Apr 2021 10:24
URI: https://eprints.eudl.eu/id/eprint/2529

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