Claim Missing Document
Check
Articles

Found 3 Documents
Search

PENGARUH STRUKTUR CORPORATE GOVERNANCE TERHADAP KINERJA PERUSAHAAN YANG MELAKUKAN INITIAL PUBLIC OFFERING (IPO) DI INDONESIA Purwanto Purwanto; Sri Wahyu Agustiningsih
JURNAL EKONOMI BISNIS DAN KEWIRAUSAHAAN Vol 5 No I (2016): EKONOMI BISNIS DAN KEWIRAUSAHAAN Vol. VI, No. 1 Januari 2016
Publisher : Universitas Sahid Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This research aims to assess whether the corporate governance structure affect the company›s performance during the company conduct an Initial Public Offering (IPO) by using the period of 2002-2013. This study focuses on the effect of the structure of corporate governance on corporate performance. According to the results of previous research, the variables of corporate governance structure, namely the number of the members of the board of commissioners, the independence of board members, audit committee and auditors quality showed a significant effect on the company›s performance. This research is ekspost facto (causal comparative), namely the systematic empirical finding, which researchers can not control the independent variables because events have occurred since nature can not be dimanipulasi.Metode selection of samples used is purposive sampling and the sample used is 124 sample compa-nies conducting Initial Public Offering. This research uses multiple regression test model, using partial test and test simultaneously. Partial regression analysis results showed that the independence of the members of the board of commissioners and board members significantly affect the company›s performance. While simultaneously obtained results corporate governance structure significantly affect the level of performance of companies that conduct an Initial Public Offering (IPO) with the F value of 3.181 with a significance test amounted to 0,016. The significance value is less than the 0.05 level. For companies that did an IPO in the future, it is advisable to pay attention to the number of the members of the board of commissioners and the number of independent board members as in this study has a positive and significant impact on the performance of the company. For investors who will invest in the company›s IPO may notice the number of the members of the board of commissioners and the number of independent board members as it can be used as one of the consid-erations in investing. Investors will benefit if the company already has a board of directors and independent board
FENOMENA UNDERPRICING PADA PERUSAHAAN YANG GO PUBLIC DI INDONESIA Purwanto .; Sri Wahyu Agustiningsih; Salman Faris Insani; Budi Wahyono
JURNAL EKONOMI BISNIS DAN KEWIRAUSAHAAN Vol 3 No 1 (2014): Jurnal Ekonomi Bisnis & Kewirausahaan Vol.3 No.1 Agustus 2014
Publisher : Universitas Sahid Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This research trytoanalyzethe factors thatinfluence the occurrence ofunderpricingin companies thatgopublic. This study uses a more variable varies the financial and non-financial variables contained in the prospectus which is composed of the reputation of the underwriter, auditor reputation, firm size, financial leverage, return on assets (ROA) and return on equity (ROE). According to the results of previous studies, these variables generally tend to show a significant effect on underpricing in companies that go public. This research is ekspost facto (causal comparative). Sample selection method used was purposive sampling and sample used was 132 sample companies doing an Initial Public Offering on the Indonesia Stock Exchange in the period 2002-2012. This study uses regression testing models. Regression analysis showed that nlytheunderwriterreputationsignificantly influenceunderpricing
PENGARUH STRUKTUR CORPORATE GOVERNANCE TERHADAP INITIAL PUBLIC OFFERING (IPO)UNDERPRICING DI INDONESIA Purwanto .; Sri Wahyu Agustiningsih; Salman Faris Insani; Budi Wahyono
JURNAL EKONOMI BISNIS DAN KEWIRAUSAHAAN Vol 4 No 1 (2015): Jurnal Ekonomi Bisnis Dan Kewirausahaan Vol. IV, No. 1 Januari 2015
Publisher : Universitas Sahid Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This research trytoexaminewhethercorporate governancewhenthe company madean Initial Public Offering(IPO) affectthe level ofunderpricingshares of companies thatgo publicby usingthe period2002-2012.This studyfocuses onthe influence ofcorporate governance structureon the level ofunderpricingby usingcontrol variablesunderwriterreputation, return on assets (ROA), firm size, financial leverage, andreturn on equity(ROE). According tothe results ofprevious studies, these variablesgenerallytend toshowa significant effecton underpricingin companiesthatgo public This research is ekspost facto (causal comparative). Sample selection method used was purposive sampling and sample used was 131 sample companies doing anInitial Public Offering on the Indonesia Stock Exchange in the period 2002-2012. This study uses regression testing models. Regression analysis showed that onlytheunderwriterreputationsignificantly influenceunderpricing