PENGARUH PROFITABILITAS, LEVERAGE, DAN REPUTASI UNDERWRITER TERHADAP UNDERPRICING SAHAM INITIAL PUBLIC OFFERING (IPO) DI BURSA EFEK INDONESIA (BEI) PERIODE 2022–2025

NURUL AMELIA PUTRI, . (2026) PENGARUH PROFITABILITAS, LEVERAGE, DAN REPUTASI UNDERWRITER TERHADAP UNDERPRICING SAHAM INITIAL PUBLIC OFFERING (IPO) DI BURSA EFEK INDONESIA (BEI) PERIODE 2022–2025. Sarjana thesis, UNIVERSITAS NEGERI JAKARTA.

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Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh profitabilitas, financial leverage, dan reputasi underwriter terhadap tingkat underpricing. Populasi penelitian ini adalah perusahaan yang melakukan Initial Public Offering (IPO) di Bursa Efek Indonesia periode 2022–2025. Sampel penelitian diperoleh menggunakan teknik purposive sampling sehingga diperoleh 144 perusahaan yang memenuhi kriteria penelitian Variabel independen dalam penelitian ini meliputi profitabilitas yang diproksikan dengan Return on Assets (ROA), leverage yang diproksikan dengan Debt to Equity Ratio (DER), serta reputasi underwriter. Penelitian ini juga menggunakan ukuran perusahaan dan usia perusahaan sebagai variabel kontrol. Data yang digunakan adalah data sekunder. Metode penelitian yang digunakan adalah pendekatan kuantitatif dengan analisis regresi linear berganda. Hasil penelitian menunjukkan bahwa profitabilitas berpengaruh positif dan signifikan terhadap tingkat underpricing. Serta, reputasi underwriter berpengaruh negatif dan signifikan terhadap underpricing. Sementara, leverage tidak berpengaruh signifikan terhadap underpricing. ***** The underpricing condition observed during Initial Public Offerings (IPOs) has attracted considerable attention as it reflects the discrepancy between the IPO offering price and the stock’s market price on the first trading. which may influence investment decisions and companies’ fundraising strategies. This research seeks to investigate the effecr of profitability, financial leverage, and underwriter reputation on IPO underpricing rates among firms listed on the Indonesia Stock Exchange during the 2022–2025 period. This study adopts a quantitative research methode with a causal approach and utilizes multiple linear regression techniques to analyze the relationship between variables. The research relies on secondary data collected where the research sample was obtained through the application of a purposive sampling technique, resulting in a final sample of 142 companies that fulfilled the predetermined research criteria. The findings show that profitability has a positive and statistically significant impact on underpricing, while financial leverage has no significant effect on underpricing. Meanwhile, underpricing is negatively and significantly affected by underwriter reputation. These findings suggest that companies’ financial conditions and the quality of underwriters play an important role in explaining IPO underpricing and may serve as considerations for investors and companies in making decisions related to initial stock offerings.

Item Type:	Thesis (Sarjana)
Additional Information:	1). Prof. Dr. IGKA Ulupui, S.E., M.Si,Ak,CA ; 2). Eka Septariana Puspa, S.E., M.Ak., Ak., CA.
Subjects:	Ilmu Sosial > Keuangan Manajemen > Manajemen , Business
Divisions:	FE > S1 Akuntansi
Depositing User:	Nurul Amelia Putri .
Date Deposited:	31 Jul 2026 01:31
Last Modified:	31 Jul 2026 01:31
URI:	http://repository.unj.ac.id/id/eprint/67848

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