The influence of profitability, offering size, firm size, financial leverage and sharia complaint status on initial return in IPO companies at the Indonesia stock exchange
Keywords:
Profitability, Offering Size, Firm Size, Financial Leverage, Shariah Complaint Status, Initial Return
Abstract
This study aims to determine the effect of profitability, offering size, firm size, financial leverage and sharia compliant status on the initial return of IPO companies listed on the Indonesian stock exchange in 2018-2021. The population in this study are companies that carry out initial public offerings (IPO) there are 217 companies listed on the Indonesian stock exchange in 2018-2021. The research sample consisted of 76 companies with the sampling technique using purposive sampling . The data analysis technique used to test the hypothesis is multiple linear regression using SPSS version 26.
Downloads
Download data is not yet available.
References
Gautama, Antono, Lanang Diayudha, Veny Anindya Puspitasari, Staf Pengajar, and Universitas Bunda. 2015. “ANALISA FAKTOR-FAKTOR YANG MEMPENGARUHI INITIAL RETURN SETELAH INITIAL PUBLIC OFFERING ( IPO )” 3 (2): 539–50.
Gumanti, Tatang. 2015. “Teori Sinyal Dalam Manajemen Keuangan.” Journal of Economics, Business, and Management, 802–6.
Hastuti, rini tri. 2017. “Hastuti: Faktor-Faktor Yang Mempengaruhi Initial Return Pada Saat IPO...” XXII (02): 209–31.
Irfani, Almira. 2019. “Pengaruh Shariah Compliant Status, Offering Size, Investor Insttusinal Dan Maarket Conditions Terhadap Initia Public Offering (IPO) Oversubscriptions.”
Janie, Dyah Nirmala Arum. 2012. Statistik Deskriptif & Regresi Linear Berganda Dengan SPSS. Semarang: Semarang University Press.
Leland, H, and D.H. Pyle. 1977. “Informational Assymetries, Financial Structure, and Financial Intermediation.” The Journal of Finance, 371–87.
Nadila. 2021. “Pengaruh Rasio Oversubscription, Reputasi Underriter, Ukuran Perusahaan Dan Leverage Terhadap Initial Return.”
Nidya, Meigia. 2018. “TESIS OLEH : MEIGIA NIDYA SARI MEIGIA NIDYA SARI.”
Nuriahtul, Siti. 2020. “Pengaruh Share Offering Percentage, Market Onditions, Profitabilitas, Price Earning Ratio, Intellectual Capital, Firm Age, Dan Intitusional Ownership Terhadap Underpricing.”
Rahmah, Mas. 2019. Hukum Pasar Modal Indonesia Edisi Pertama. Jakarta: Kencana.
Ramadani, Lalu Ahmad. 2020. “Oversubscribed, Undersubscribed Dan Initial Public Offering (IPO) Saham Syariah Di Indonesia (Studi Kasus Pada Bursa Efek Indonesia).” Journal of Enterprise and Development E-ISSN Vol. 2 No.: 51–61.
Saleh, Siti Shahirah, and Norliza Che-yahya. 2021. “Influence of Individual Investors ’ Sentiment in the Pre- Market and Post- Market on Malaysian IPO Initial Return Influence of Individual Investors ’ Sentiment in the Pre - Market and Post-Market on Malaysian IPO Initial Return,” no. May.
Santoso, Singgih. 2017. Statistik Multivariat Dengan SPSS. Jakarta: Elex Media Komputindo.
Siagian, Dergibson, and Sugiarto. 2006. Metode Statistika Untuk Bisnis Dan Ekonomi. Jakarta: Gramedia.
Siyoto, Sandu, and Ali Sodik. 2015. Dasar Metodologi Penelitian. Yogyakarta: Literasi Media.
Song, Shunlin, Jinsong Tan, and Yang Yi. 2014. “IPO Initial Returns in China : Underpricing or Overvaluation ?” CHINA JOURNAL OF ACCOUNTING RESEARCH. https://doi.org/10.1016/j.cjar.2013.12.001.
Suganda, Tarsisius Renald. 2018. Event Study, Teori Dan Pembahasan Reaksi Pasar Modal Indonesia. https://doi.org/10.31227/osf.io/zbqm7.
Syofian, Ary. 2021. “Pengaruh Reputasi” 3 (1): 137–52.
Tajuddin, Ahmad Hakimi. 2017. “Shariah Compliant Status and Ipo Oversubscriptions.”
Tajuddin, Ahmad Hakimi, Rasidah Mohd Rashid, Karren Lee-Hwei Khaw, and Norliza Che Yahya. 2019. “Shariah-Compliant Status Andinvestors’demand for IPOs: Theeffects of Information Asymmetry.” International Journal of Islamicand Middle Eastern Finance andManagement Vol. 12 No: 489–508.
Gumanti, Tatang. 2015. “Teori Sinyal Dalam Manajemen Keuangan.” Journal of Economics, Business, and Management, 802–6.
Hastuti, rini tri. 2017. “Hastuti: Faktor-Faktor Yang Mempengaruhi Initial Return Pada Saat IPO...” XXII (02): 209–31.
Irfani, Almira. 2019. “Pengaruh Shariah Compliant Status, Offering Size, Investor Insttusinal Dan Maarket Conditions Terhadap Initia Public Offering (IPO) Oversubscriptions.”
Janie, Dyah Nirmala Arum. 2012. Statistik Deskriptif & Regresi Linear Berganda Dengan SPSS. Semarang: Semarang University Press.
Leland, H, and D.H. Pyle. 1977. “Informational Assymetries, Financial Structure, and Financial Intermediation.” The Journal of Finance, 371–87.
Nadila. 2021. “Pengaruh Rasio Oversubscription, Reputasi Underriter, Ukuran Perusahaan Dan Leverage Terhadap Initial Return.”
Nidya, Meigia. 2018. “TESIS OLEH : MEIGIA NIDYA SARI MEIGIA NIDYA SARI.”
Nuriahtul, Siti. 2020. “Pengaruh Share Offering Percentage, Market Onditions, Profitabilitas, Price Earning Ratio, Intellectual Capital, Firm Age, Dan Intitusional Ownership Terhadap Underpricing.”
Rahmah, Mas. 2019. Hukum Pasar Modal Indonesia Edisi Pertama. Jakarta: Kencana.
Ramadani, Lalu Ahmad. 2020. “Oversubscribed, Undersubscribed Dan Initial Public Offering (IPO) Saham Syariah Di Indonesia (Studi Kasus Pada Bursa Efek Indonesia).” Journal of Enterprise and Development E-ISSN Vol. 2 No.: 51–61.
Saleh, Siti Shahirah, and Norliza Che-yahya. 2021. “Influence of Individual Investors ’ Sentiment in the Pre- Market and Post- Market on Malaysian IPO Initial Return Influence of Individual Investors ’ Sentiment in the Pre - Market and Post-Market on Malaysian IPO Initial Return,” no. May.
Santoso, Singgih. 2017. Statistik Multivariat Dengan SPSS. Jakarta: Elex Media Komputindo.
Siagian, Dergibson, and Sugiarto. 2006. Metode Statistika Untuk Bisnis Dan Ekonomi. Jakarta: Gramedia.
Siyoto, Sandu, and Ali Sodik. 2015. Dasar Metodologi Penelitian. Yogyakarta: Literasi Media.
Song, Shunlin, Jinsong Tan, and Yang Yi. 2014. “IPO Initial Returns in China : Underpricing or Overvaluation ?” CHINA JOURNAL OF ACCOUNTING RESEARCH. https://doi.org/10.1016/j.cjar.2013.12.001.
Suganda, Tarsisius Renald. 2018. Event Study, Teori Dan Pembahasan Reaksi Pasar Modal Indonesia. https://doi.org/10.31227/osf.io/zbqm7.
Syofian, Ary. 2021. “Pengaruh Reputasi” 3 (1): 137–52.
Tajuddin, Ahmad Hakimi. 2017. “Shariah Compliant Status and Ipo Oversubscriptions.”
Tajuddin, Ahmad Hakimi, Rasidah Mohd Rashid, Karren Lee-Hwei Khaw, and Norliza Che Yahya. 2019. “Shariah-Compliant Status Andinvestors’demand for IPOs: Theeffects of Information Asymmetry.” International Journal of Islamicand Middle Eastern Finance andManagement Vol. 12 No: 489–508.
