Path: Top > Tugas Akhir - D3 > Jurusan Akuntansi > Program Studi Akuntansi > 2012

PENGARUH ROA, EPS, FINANCIAL LEVERAGE, DAN PROCEED TERHADAP INITIAL RETURN PADA PERUSAHAAN NON KEUANGAN YANG MELAKUKAN INITIAL PUBLIC OFFERING DI BEI PERIODE 2006-2010

THE INFLUENCE OF ROA, EPS, FINANCIAL LEVERAGE, AND PROCEED TO THE INITIAL RETURN OF NON FINANCIAL COMPANIES DOING IPO IN IDX PERIOD 2006-2010

Tugas Akhir, 051 / 2012 / AKU
Undergraduate Theses from JBPTPPOLBAN / 2014-06-13 11:17:20
Oleh : Stefanus Julianto - 095111060 (termosterbang@gmail.com)
Dibuat : 2014-06-13, dengan 4 file

Keyword : IPO, initial returns, return on assets ratio (ROA), earning per-share (EPS), financial leverage, dan proceed
Subjek : IPO, initial returns, return on assets ratio (ROA), earning per-share (EPS), financial leverage, and proceed

Initial Public Offering (IPO) merupakan kegiatan yang dilakukan sebuah perusahaan sebelum melakukan listing di Bursa Efek dalam rangka melakukan penawaran umum penjualan perdana kepada investor-investor yang dianggap berpotensi. Saham yang baru saja melakukan Initial Public Offering biasanya sangat diminati oleh investor karena akan memberikan Initial Return sebagai dampak dari perbedaan harga saham saat dijual pada penawaran umum dengan harga saat hari pertama saham dijual di pasar sekunder. Keadaan ini sering juga disebut sebagai fenomena Underpricing. Penelitian ini bertujuan untuk menjelaskan pengaruh dari ROA, EPS, Financial Leverage, dan Proceed terhadap Initial Return. Penelitian ini menggunakan analisis regresi linear berganda dengan tingkat signifikansi 5%, alat pengumpul data berupa studi observasi dengan metode purposive sampling. Sampel berjumlah 61 emiten dari populasi sebanyak 88 perusahaan. Berdasarkan 61 sampel perusahaan non keuangan yang terdaftar di Bursa Efek Indonesia pada periode 2006-2010, penelitian ini menunjukkan hasil empiris yang mengindikasikan bahwa Earning Per Share secara signifikan berpengaruh terhadap initial return. Disisi lain, ROA, Financial Leverage, dan Proceed tidak berpengaruh secara signifikan terhadap initial return. Kata kunci: IPO, initial returns, return on assets ratio (ROA), earning per-share (EPS), financial leverage, dan proceed.

Deskripsi Alternatif :

Initial Public Offering (IPO) is an activity of companies before listing their shares to the Stock Exchange in order to grasp attention of potential investors to bought the shares in primary market. The shares offered on IPO are likely caught heavy attention of investors because of it's initial return which are as the results of the difference between the share's price on the closing day of secondary market and the share's price on primary market. This phenomenon is also named underpricing condition. This study aims to determines the influence of ROA, EPS, Financial Leverage, and Proceed to Initial Return. The study carried out through the analysis of multiple linear regression with 5% significance level, and also data collection tool of observation used is purposive sampling method. There are 61 firms as sample came out from 88 firms available in population. Based on those 61 firms which are non-financial firms listed on IDX on periods 2006-2010, the empirical result of this research indicates that earning per share significantly associated with the initial returns. Whereas ROA, Financial Leverage, and Proceed does not significantly influence initial return. Keywords: IPO, initial returns, return on assets ratio (ROA), earning per-share (EPS), financial leverage, and proceed.

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E-mail Administratorhelmi.purwanti@polban.ac.id
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