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Journal : SEIKO : Journal of Management

Pengaruh Tingkat Inflasi, Proceeds, Profitabilitas, dan Solvabilitas terhadap Underpricing Saham (Studi Kasus pada Perusahaan Go Public di Bursa Efek Indonesia (BEI) Periode 2019-2020) Yolanda Rudila Putri; Deannes Isynuwardhana
SEIKO : Journal of Management & Business Vol 5, No 2 (2022): July - December
Publisher : Program Pascasarjana STIE Amkop Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37531/sejaman.v5i2.2174

Abstract

Abstrak Perusahaan dapat memenuhi segala bentuk kebutuhan serta mengembangkan bisnis dengan cara melakukan kegiatan jual beli sekuritas yang dimiliki kepada masyarakat umum di pasar modal. Perusahaan pertama kali menerbitkan efek di pasar primer sebelum menerbitkannya di pasar sekunder. Adanya perbedaan yang terjadi antata harga saham yang ada pasar primer dan pasar sekunder dapat memunculkan fenomena saham salah satunya adalah undepricing saham yang mana terjadi karena harga yang lebih rendah di pasar primer dibandingkan dengan pasar sekunder. Tingkat underpricing yang terjadi di Indonesia tergolong cukup tinggi dalam setiap tahunnya, terdapat sebanyak 51 perusahaan go public di tahun 2019 dan 50 perusahaan go public di tahun 2020 yang mengalami fenomena ini. Studi ini memiliki pendekatan kuantitatif dengan tujuan untuk mengetahui adanya pengaruh antara inflasi, proceeds, profitabilitas, dan solvabilitas terhadap underpricing saham pada perusahaan go public di Bursa Efek Indonesia (BEI) tahun 2019-2020. Memiliki populasi sebanyak 101 perusahaan yang go public di Bursa Efek Indonesia (BEI) tahun 2019-2020 dengan sampel sebanyak 97 perusahaan yang diuji menggunakan metode purposive sampling. Data penelitian ini dianalisis menggunakan metode analisis deskriptif dan analisis regresi linear berganda. Hasil dalam penelitian ini menyimpulkan bahwa tingkat inflasi, proceeds, profitabilitas, dan solvabilitas secara simultan memengaruhi underpricing saham. Sedangkan hasil pengujian parsial menunjukkan bahwa tingkat inflasi dan profitabilitas memiliki pengaruh positif, proceeds berpengaruh negatif, dan solvabilitas tidak memiliki pengaruh terhadap underpricing saham. Kata Kunci: Go Public, underpricing, saham, inflasi, proceeds, profitabilitas, dan solvabilitas Abstract The company can fulfill all forms of needs and develop business by conducting buying and selling securities owned by the general public in the capital market. Companies first issue securities on the primary market before issuing them on the secondary market. The difference that occurs between stock prices in the primary market and the secondary market can lead to a stock phenomenon, one of which is stock underpricing, which occurs due to lower prices in the primary market compared to the secondary market. The level of underpricing that occurs in Indonesia is quite high every year, there are as many as 51 companies going public in 2019 and 50 companies going public in 2020 that experience this phenomenon. This study has a quantitative approach with the aim of knowing the effect of inflation, proceeds, profitability, and solvency on stock underpricing in publicly listed companies on the Indonesia Stock Exchange (IDX) in 2019-2020. It has a population of 101 companies that went public on the Indonesia Stock Exchange (IDX) in 2019-2020 with a sample of 97 companies tested using the purposive sampling method. The research data were analyzed using descriptive analysis methods and multiple linear regression analysis. The results of this study conclude that the level of inflation, proceeds, profitability, and solvency simultaneously affect stock underpricing. While the partial test results show that the inflation rate and profitability have a positive effect, proceeds have a negative effect, and solvency has no effect on stock underpricing. Keywords: Go public, underpricing, stocks, inflation, proceeds, profitability and solvency
Pengaruh Earning Per Share, Price to Book Value, Volume Perdagangan Saham, dan Nilai Kapitalisasi Pasar terhadap Return Saham Lathifah Ayu Rahmanissa; Deannes Isynuwardhana
SEIKO : Journal of Management & Business Vol 4, No 3 (2022)
Publisher : Program Pascasarjana STIE Amkop Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37531/sejaman.v4i3.2493

Abstract

Abstrak Penelitian ini bertujuan untuk mengetahui pengaruh earning per share, price to book value, volume perdagangan saham, dan nilai kapitalisasi terhadap return saham pada perusahaan sektor kesehatan yang terdaftar di Bursa Efek Indonesia tahun 2017-2020. Populasi pada penelitian ini adalah perusahaan sektor kesehatan yang terdaftar di Bursa Efek Indonesia. Teknik pengambilan sampel yang digunakan yaitu non-probability sampling. Jumlah sampel yang diperoleh 13 perusahaan dalam kurun waktu 4 tahun sebanyak 52 data, tetapi terdapat data oulier sehingga menjadi 44 data. Metode analisis data menggunakan analisis regresi data panel menggunakan software Eviews 12.Hasil penelitian menunjukkan variabel independen earning per share, price to book value, volume perdagangan saham, dan nilai kapitalisasi pasar berpengaruh secara simultan terhadap return saham. Volume perdagangan saham berpengaruh positif secara parsial terhadap return saham. Earning per share, price to book value, dan nilai kapitalisasi pasar tidak berpengaruh secara parsial terhadap return saham. Kata Kunci: Earning Per Share, Nilai Kapitalisasi Pasar, Price to Book Value, Return Saham, Volume Perdagangan Saham Abstract .This study aims to determine the effect of earnings per share, price to book value, stock trading volume, and market capitalization value on stock returns in health sector companies listed on the Indonesia Stock Exchange in 2017-2020.The population in this study are health sector companies listed on the Indonesia Stock Exchange. The sampling technique used is non-probability sampling. The number of samples obtained by 13 companies in a period of 4 years is 52 data, but there are oulier data so that it becomes 44 data. The data analysis method uses panel data regression analysis using Eviews 12 software.The results showed that the independent variables of earnings per share, price to book value, stock trading volume, and market capitalization value had a simultaneous effect on stock returns. Stock trading volume partially positive effect on stock returns. Earnings per share, price to book value, and market capitalization have no partial effect on stock returns. Keywords: Earnings Per Share, Market Capitalization Value, Price to Book Value, Stock Trading Volume, Stock Return.
Pengaruh Tingkat Inflasi, Proceeds, Profitabilitas, dan Solvabilitas terhadap Underpricing Saham (Studi Kasus pada Perusahaan Go Public di Bursa Efek Indonesia (BEI) Periode 2019-2020) Yolanda Rudila Putri; Deannes Isynuwardhana
SEIKO : Journal of Management & Business Vol 4, No 2 (2021): July - December
Publisher : Program Pascasarjana STIE Amkop Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37531/sejaman.v4i2.2189

Abstract

Abstrak Studi ini memiliki pendekatan kuantitatif dengan tujuan untuk mengetahui adanya pengaruh antara inflasi, proceeds, profitabilitas, dan solvabilitas terhadap underpricing saham pada perusahaan go public di Bursa Efek Indonesia (BEI) tahun 2019-2020. Memiliki populasi sebanyak 101 perusahaan yang go public di Bursa Efek Indonesia (BEI) tahun 2019-2020 dengan sampel sebanyak 97 perusahaan yang diuji menggunakan metode purposive sampling. Data penelitian ini dianalisis menggunakan metode analisis deskriptif dan analisis regresi linear berganda. Hasil dalam penelitian ini menyimpulkan bahwa tingkat inflasi, proceeds, profitabilitas, dan solvabilitas secara simultan memengaruhi underpricing saham. Sedangkan hasil pengujian parsial menunjukkan bahwa tingkat inflasi dan profitabilitas memiliki pengaruh positif, proceeds berpengaruh negatif, dan solvabilitas tidak memiliki pengaruh terhadap underpricing saham. Kata Kunci: Go Public, underpricing, saham, inflasi, proceeds, profitabilitas, dan solvabilitas Abstract This study has a quantitative approach with the aim of knowing the effect of inflation, proceeds, profitability, and solvency on stock underpricing in publicly listed companies on the Indonesia Stock Exchange (IDX) in 2019-2020. It has a population of 101 companies that went public on the Indonesia Stock Exchange (IDX) in 2019-2020 with a sample of 97 companies tested using the purposive sampling method. The research data were analyzed using descriptive analysis methods and multiple linear regression analysis. The results of this study conclude that the level of inflation, proceeds, profitability, and solvency simultaneously affect stock underpricing. While the partial test results show that the inflation rate and profitability have a positive effect, proceeds have a negative effect, and solvency has no effect on stock underpricing. Keywords: Go public, underpricing, stocks, inflation, proceeds, profitability and solvency