The Factors Influencing Underpricing at The Companies That make Initial Public Offering In Indonesia Stock Exchange, Period 2004-2008
GAMA PARAMA CANDRADITYA, Agus Setiawan, Dr.,M.Soc.Sc.
This research discuss the factors influencing underpricing at the companies that
make initial public offering in Indonesia Stock Exchange, period 2004-2008 by
analyzing the effect of company age, debt ratio, and return on asset towards the
underpricing. This research focuses on the non financial institution in the
Indonesian Stock Exchange. The aim of this research is to investigate the partial
relationship and the simultaneous relationship of company age, debt ratio, and
return on asset towards the underpricing.
The data is obtained from the financial statement and the prospectus of the
company conducting Initial Public Offering in the year 2004 until 2008. From the
result of this study can be found that it is contradictive with the result of the
previous research. This shows that the changes of data as the reflection of time
period will lead to different result.
Kata Kunci : Underpricing, Company Age, Debt Ratio, Return On Asset, Initial Public Offering, Stock, Capital Market
