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ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI TINGKAT UNDERPRICING PADA SAAT INITIAL PUBLIC OFFERING (IPO) DI BURSA EFEK INDONESIA Nanda Din Nurazizah; Majidah Majidah
Jurnal Ilmiah MEA (Manajemen, Ekonomi, & Akuntansi) Vol 3 No 3 (2019): September-Desember 2019
Publisher : LPPM STIE Muhammadiah Bandung

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Abstract

Harga saham perdana salah satunya ditentukan oleh underwriter, pihak yang memiliki informasi lebih banyak mengenai pasar modal dibandingkan dengan calon emiten. Adanya kondisi asimetri informasi ini dapat memberikan peluang kepada masing-masing pihak untuk mencapai kepentingan pribadinya, sehingga dapat menyebabkan terjadinya kondisi underpricing. Penelitian ini bertujuan untuk menganalisis pengaruh financial leverage, return on assets (ROA), konsentrasi kepemilikan, tingkat inflasi dan listing delay terhadap tingkat underpricing baik secara simultan maupun parsial. Penelitian ini dilakukan pada perusahaan yang melakukan IPO di BEI periode 2015 – 2017. Jumlah sampel yang digunakan sebanyak 39 perusahaan dengan menggunakan metode purposive sampling. Analisis data yang digunakan adalah analisis regresi data panel dengan menggunakan software eviews versi 9.0.Hasil penelitian ini menunjukkan bahwa financial leverage, ROA, konsentrasi kepemilikan, tingkat inflasi, dan listing delay berpengaruh secara simultan terhadap tingkat underpricing. Sedangkan secara parsial, ROA berpengaruh negatif terhadap tingkat underpricing. Tingkat inflasi berpengaruh positif terhadap tingkat underpricing. Financial leverage, konsentrasi kepemilikan, dan listing delay tidak berpengaruh terhadap tingkat underpricing secara parsial.Disarankan kepada peneliti selanjutnya dapat menambahkan tahun penelitian yang terbaru dengan menggunakan variabel yang tidak berpengaruh dalam penelitian ini. Untuk variabel financial leverage dapat menggunakan Debt to Assets Ratio (DAR) atau Time Interest Earning Ratio (TIER) sebagai proksi. Kata kunci: Tingkat Underpricing, Initial Public Offering, Informasi Keuangan, Informasi Non Keuangan.
ANALISIS DETERMINAN AUDIT REPORT LAG Gilang Satrya Ramadhan; Majidah Majidah; Eddi Budiono
JRAK Vol 10 No 1 (2018): Edisi April
Publisher : Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (685.827 KB) | DOI: 10.23969/jrak.v10i1.1058

Abstract

The purpose of this research is to determine the effect of leverage, size of company, audit quality and accounting result simultaneously or partially to the audit report lag. The type of this research is descriptive verificative. The number of manufacturing companies in the Indonesia Stock Exchange (BEI) over the period of 2011-2015 are 143 companies, then obtained a sample of 110 by purposive sampling. Analysis of data is carried out using multiple regression method. The results showed variable leverage, size company, audit quality and accounting result can explain audit report lag 33.3%. Partial test results showed that leverage did not significantly affect, size company and accounting result have a significant negative effect and audit quality have a significant positive effect on audit report lag.
PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY: UKURAN DAN PERTUMBUHAN PERUSAHAAN, SERTA RISIKO KEUANGAN Nisha Octarina; Majidah Majidah; Muhamad Muslih
JRAK Vol 10 No 1 (2018): Edisi April
Publisher : Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (683.018 KB) | DOI: 10.23969/jrak.v10i1.1060

Abstract

This research aims to determine the affect of size, growth, and leverage to the corporate social responsibility disclosure of the plantation companies in Indonesia, Malaysia, or both countries during 2013-2015. Purposive sampling method was used, obtained from 15 companies in Indonesia and 38 in Malaysia. Descriptive and multiple linear regression analysis were used in this research. The result shows that simultaneously, the size, the growth, and the leverage significantly affects CSR disclosure of the plantation companies in Indonesia, Malaysia, or both countries. In Indonesia, the size partially affect, growth does not affect, while leverage negatively affect of CSR disclosure. In Malaysia, the size and growth does not affect, while leverage has positive effect on the CSR disclosure. In both countries, the size has positive affect, while growth and leverage does not affect the CSR disclosure.