IPO-UNDERPRICING: REPUTASI UNDERWRITER DAN TINGKAT PENGEMBALIAN OPERASI ASET
DOI:
https://doi.org/10.35137/jabk.v9i1.27Keywords:
Underpricing, Return on Asset, Reputable UnderwritersAbstract
The condition of underpricing at the time of the initial public offering (IPO) on the Indonesian stock exchange which
is influenced by the rate of return on assets and the reputation of the underwriters is the purpose of this research.
There are 84 companies used as research samples from 159 companies that experienced underpricing conditions
during the period 2015 to 2019 on the Indonesia Stock Exchange. By using multiple linear regression in the hypothesis
testing method, this study proves that the underwriter's reputation and the rate of return on assets have a negative
effect on the underpricing condition. This empirical result shows that companies with higher asset performance and
using reputable underwriters are proven to reduce underpricing conditions at the time of the IPO.
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