SUGENG WAHYUDI
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Faktor-Faktor yang Mempengaruhi Underpricing pada Perusahaan yang IPO di Bursa Efek Indonesia Syahrul Ilyasa; Sugeng Wahyudi
SEIKO : Journal of Management & Business Vol 4, No 1 (2021): January - Juny
Publisher : Program Pascasarjana STIE Amkop Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37531/sejaman.v4i1.1216

Abstract

Abstrak Penelitian ini bertujuan untuk menganalisis faktor-faktor yang mempangaruhi tingkat underpricing pada perusahaan yang go public di Bursa Efek Indonesia dari tahun 2015-2019. Tingkat underpricing pada penelitian ini diukur menggunakan initial return dan market adjusted abnormal return (MAAR) dengan variabel independen yang diteliti meliputi reputasi underwriter, total dana yang ditawarkan (issue size), sentiment investor dan hot market issue. Penelitian ini juga mempertimbangkan variabel kontrol meliputi harga akhir berdasarkan interval harga pada prospectus, risiko penawaran dan status papan pencatatan. Populasi dan sampel yang digunakan adalah seluruh perusahaan yang go public di Bursa efek Indonesia sebanyak 156 data perusahaan. Metode analisis data yang digunakan adalah analisis ordinal least square (OLS). Hasil penelitian menunjukan bahwa reputasi underwriter, total dana penawaran berpengaruh negatif signifikan baik terhadap initial return maupun market adjusted abnormal return (MAAR). Hot market issue berpengaruh positif signifikan baik terhadap initial return maupun MAAR. Sentimen investor tidak berpengaruh signifikan baik terhadap initial return maupun MAAR. Kata Kunci: underpricing; initial public offering Abstract This study aims to analyze the factors that affect the level of underpricing in companies that go public on the Indonesia Stock Exchange from 2015-2019. The dependent variable of this study is the level of underpricing which is measured using initial return and market-adjusted abnormal return (MAAR). The independent variables of this study are underwriter reputation, total funds offered (issue size), investor sentiment, and hot market issue. The control variables of this study were the final price based on the price interval on the prospectus, bid risk, and board status. The population in this study were all companies that went public on the Indonesia Stock Exchange as many as 156 company data. The data analysis method used is ordinal least square (OLS) analysis. The results showed that the underwriter's reputation, total offer funds had a significant negative effect on both the initial return and MAAR. Hot market issues have a significant positive effect on both the initial return and MAAR. Investor sentiment has no significant effect on both the initial return and MAAR. Keywords: underpricing; initial public offering
PENGARUH CAR, FDR, DAN BOPO DENGAN NPF SEBAGAI VARIABEL MODERATING TERHADAP KINERJA KEUANGAN PERBANKAN SYARIAH DI INDONESIA (Studi Empiris pada Bank Umum Syariah di Indonesia Periode 2014 Q1 – 2018 Q4) Taufik Kurnia; Sugeng Wahyudi
JURNAL STUDI MANAJEMEN ORGANISASI Vol 18, No 2 (2021)
Publisher : Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (352.138 KB) | DOI: 10.14710/jsmo.v18i2.39204

Abstract

The purpose of this study was to determine the effect of CAR, FDR, and BOPO with NPF as a moderating variable on the Profitability of Islamic Commercial Banks in Indonesia in the period 2014 to 2018. Profitability is proxied by ROA as a measure of the amount of profit generated.The sample in this study is Islamic commercial bank in Indonesia during the period 2014-2018. The number of samples were 11 banks taken by purposive sampling method. The analytical method of this study uses MRA (Moderated Regression Analysis) with the SPSS 25 program which previously passed the classic assumption test.The results of this study indicate that CAR has a positive and significant effect on ROA. FDR has a positive no significant effect on ROA. BOPO has a negative and significant effect on ROA. NPF able to moderate CAR relationship effect on ROA. NPF not being able to moderate FDR relationship effect on ROA. NPF able to moderate BOPO relationship effect on ROA.
THE IMPACT OF CORPORATE GOVERNANCE ON ROA AND STOCK RETURN Bagas Wicaksono; Sugeng Wahyudi
Jurnal Akuntansi dan Pajak Vol 23, No 1 (2022): JAP : Vol. 23, No. 1, Februari 2022 - Juli 2022
Publisher : ITB AAS INDONESIA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jap.v23i1.4983

Abstract

This paper aims to examine the effect of corporate governance on company performance. This study uses components of corporate governance, namely, independent ownership, concentrated ownership, board independence and board size as independent variables. The dependent variable used to describe the company's performance is return on assets and stock return. This research population is companies listed on IDX and samples taken from companies from the manufacturing sector from 2016 to 2019 collected 540 samples. Based on the results of the research analysis, board independence and board size variables have a significant positive effect on the return on assets variable that supports agency theory and ownership concentration variables have an influence on stock returns that support signal theory