“PENGARUH SHORT-TERM UNDERPRICING PADA PERUSAHAAN YANG MELAKUKAN INITIAL PUBLIC OFFERING DI INDONESIA DAN MALAYSIA” (Studi kasus pada perusahaan dengan saham yang terdaftar di Daftar Efek Syariah dan Majelis Penasehat Syariah periode 2015-2018).

Zakiyatul Fakhiroh, NIM. 16840061 (2020) “PENGARUH SHORT-TERM UNDERPRICING PADA PERUSAHAAN YANG MELAKUKAN INITIAL PUBLIC OFFERING DI INDONESIA DAN MALAYSIA” (Studi kasus pada perusahaan dengan saham yang terdaftar di Daftar Efek Syariah dan Majelis Penasehat Syariah periode 2015-2018). Skripsi thesis, UIN SUNAN KALIJAGA YOGYAKARTA.

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	Text (“PENGARUH SHORT-TERM UNDERPRICING PADA PERUSAHAAN YANG MELAKUKAN INITIAL PUBLIC OFFERING DI INDONESIA DAN MALAYSIA” (Studi kasus pada perusahaan dengan saham yang terdaftar di Daftar Efek Syariah dan Majelis Penasehat Syariah periode 2015-2018).) 16840061_BAB II_S.D._SEBELUM_BAB_TERAKHIR.pdf - Published Version Restricted to Registered users only Download (5MB)

Abstract

This study offers to discuss the phenomenon of underpricing of initial public offerings (IPOs) on the Indonesia Stock Exchange and Malaysia Stock Exchange in the 2015-2018 period. In this study also discussed the factors that influence underpricing during an IPO. With the purpose sampling method, the samples used in this study were 79 companies listed on the List of Sharia Securities in Indonesia and 54 companies listed on the Sharia Advisory Council in Malaysia, data analysis used was the t test, F test and the Coefficient of Determination test. The F test results show what is happening below the IPO price on the Indonesia Stock Exchange and Malaysia Stock Exchange. While the underpricing determination coefficient test on Malaysian companies determines 71.5% and underpricing on Indonesian companies affects 59.8% of the independent variables. The independent variables used are profitability, leverage, underwriter, company size and company age. T test results on the relationship of variables showed that in Malaysian companies profitability (ROE), underwriter ownership (UNQ) and company age (AGE) had a significant effect on the negative direction of underpricing. While the variable Leverage (DAR) and company size (COSIZE) are not significant to the underpricing at the initial public offering (IPO). For companies in Indonesia, the results of the t test on underpricing show the profitability variable (ROE), the effect of the underwriter (UNQ) and the size of the company (COSIZE) significantly influence the underpricing with the negative direction of the underpricing. While the variable Leverage (DAR) and age of the company (AGE) have no significant effect on underpricing.

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