PENGARUH FINANCIAL LEVERAGE, EARNING PER SHARE (EPS), DAN PROCEEDS TERHADAP INITIAL RETURN (IR) PADA PERUSAHAAN YANG MELAKUKAN IPO DI BURSA EFEK INDONESIA PERIODE 2017-2019

FRISCA MULVIANA, . (2021) PENGARUH FINANCIAL LEVERAGE, EARNING PER SHARE (EPS), DAN PROCEEDS TERHADAP INITIAL RETURN (IR) PADA PERUSAHAAN YANG MELAKUKAN IPO DI BURSA EFEK INDONESIA PERIODE 2017-2019. Sarjana thesis, UNIVERSITAS NEGERI JAKARTA.

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Abstract

Penelitian ini bertujuan untuk mengetahui apakah Financial Leverage, Earning Per Share (EPS) dan Proceeds berpengaruh terhadap Initial return secara parsial maupun simultan pada perusahaan yang melakukan IPO di Bursa Efek Indonesia periode 2017-2019. Penelitian ini menggunakan data kuantitatif yaitu data sekunder yang diperoleh dari laporan keuangan yang telah dipublikasikan oleh perusahaan di Bursa Efek Indonesia dengan teknik analisis yang digunakan yaitu regresi linear berganda dengan uji asumsi klasik. Populasi dalam penelitian ini berjumlah 144 perusahaan yang terdaftar di Bursa Efek Indonesia (BEI). Dengan menggunakan teknik purposive sampling, maka jumlah populasi terjangkau dan sampel yang didapat digunakan pada penelitian ini berjumlah 102 dan 76 perusahaan dilakukan dengan periode pengamatan tahun 2017-2019. Hasil uji hipotesis menunjukkan secara parsial Financial Leverage dan Earning Per Share tidak berpengaruh terhadap Initial Return. Sedangkan Proceeds berpengaruh kearah negatif dan signifikan terhadap Initial Return. Dan secara simultan Financial Leverage, Earning Per Share dan Proceeds berpengaruh dan signifikan terhadap Initial Return. Penelitian ini menunjukkan bahwa Financial Leverage dan Earning Per Share tidak memiliki pengaruh terhadap Initial return, dikarenakan pendanaan perusahaan yang tidak berasal dari modal asing. Berpengaruhnya Proceeds menunjukkan semakin tinggi aliran dana/kas masuk sehingga sinyal penawaran saham yang dilakukan akan memperoleh dana yang kecil untuk pengembangan perusahaan. Peristiwa Initial Return terjadi pada perusahaan IPO saat nilai saham mengalami underpricing. This study aims to determine whether Financial Leverage, Earning Per Share (EPS) and Proceeds have an effect on Initial return partially or simultaneously on companies that conduct IPOs on the Indonesia Stock Exchange for the 2017-2019 period. This study uses quantitative data, namely secondary data obtained from financial reports that have been published by companies on the Indonesia Stock Exchange with the analytical technique used is multiple linear regression with classical assumption test. The population in this study amounted to 144 companies listed on the Indonesia Stock Exchange (IDX). By using a purposive sampling technique, the number of affordable populations and the samples obtained used in this study amounted to 102 and 76 companies were carried out with an observation period of 2017-2019. The results of the hypothesis test show that partially Financial Leverage and Earning Per Share have no effect on Initial Return. While Proceeds have a negative and significant effect on Initial Return. And simultaneously Financial Leverage, Earning Per Share and Proceeds have a significant and significant effect on Initial Return. The results showed that Financial Leverage and Earning Per Share had no effect on Initial return, because the company's funding did not come from foreign capital. The effect of Proceeds shows that the higher the flow of funds/cash inflows so that the stock offering signal that is made will get small funds for company development Initial Return events occur in IPO companies when the stock value is underpricing.

Item Type: Thesis (Sarjana)
Additional Information: 1.) Dr. I Gusti Ketut Agung Ulupui, SE., M.Si, Ak, CA ; 2.) Santi Susanti, S.Pd., M.Ak
Subjects: Ilmu Sosial > Perdagangan, e-commerce > Akuntansi
Ilmu Sosial > Keuangan
Divisions: FE > S1 Pendidikan Ekonomi
Depositing User: Users 12351 not found.
Date Deposited: 21 Sep 2021 09:10
Last Modified: 21 Sep 2021 09:10
URI: http://repository.unj.ac.id/id/eprint/20718

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