Faktor – faktor yang mempengaruhi IPO underpricing di Bursa Efek Indonesia
P Penelitian ini bertujuan untuk mengetahui faktor-faktor yang dapat mempengaruhi IPO underpricing perusahaan. Sampel yang digunakan dalam penelitian ini adalah perusahaan yang melakukan Initial Public Offering (IPO) dan terdaftar di Bursa Efek Indonesia pada tahun 2007 sampai dengan 2016. Jumlah sampel yang diambil pada penelitian ini terdapat 169 perusahaan. Variabel independen dalam penelitian ini adalah underwriter’s spread, earning’s forecast bias, dan earning’s forecast accuracy. Variabel kontrol dalam penelitian ini yaitu family ownership, management ownership, auditor quality, company size, company age, forecast horizon, leverage. Variabel dependennya adalah IPO underpricing. Dari hasil penelitian underwriter’s spread, earnings forecast bias, auditor quality dan leverage memiliki pengaruh negatif dan signifikan terhadap IPO underpricing. Family ownership, management ownership, company size, company age dan forecast horizon tidak memilikivpengaruh terhadap IPO underpricing. Bagi perusahaan, dalam melakukan Initial Public Offering (IPO) harus memperhatikan faktor-faktor yang mempengaruhi IPO underpricing yaitu, underwriter’s spread, ernings forecast bias, auditor quality dan leverage.
T This study aimed to determine the factors that impact the IPO underpricing company. The sample used in this study is a company conducting Initial Public Offering (IPO) and listed on the Indonesia Stock Exchange in 2007 until 2016. The number of samples taken in this study are 169 companies. The independent variables in this study are underwriter's spread, earning's forecast bias, and earning's forecast accuracy. The control variables in this research are family ownership, management ownership, auditor quality, company size, company age, horizon forecast, leverage. Dependent variable is IPO underpricing. From the results of underwriter's spread earnings forecast bias, auditor quality and leverage has a negative and significant influence on IPO underpricing. Family ownership, management ownership, company size, company age and forecast horizon have no effect on IPO underpricing. For the company, in conducting Initial Public Offering (IPO) should consider the factors that affect underpricing IPO underwriter's spread, earnings forecast bias, auditor quality and leverage.