Effect of Financial Leverage, ROA, Ownership Concentration, Listing Delay on Levels Underpricing During Initial Public Offering (IPO) in Manufacturing Companies on the Indonesia Stock Exchange (2016-2020 Period)

Ika Rahmawati; Wildan Akil; Annisa Hartikasari; Cicih Rohayati; Tiara Pandansari

Proceedings of the 3rd International Conference of Business, Accounting, and Economics, ICBAE 2022, 10-11 August 2022, Purwokerto, Central Java, Indonesia

Research Article

Effect of Financial Leverage, ROA, Ownership Concentration, Listing Delay on Levels Underpricing During Initial Public Offering (IPO) in Manufacturing Companies on the Indonesia Stock Exchange (2016-2020 Period)

Download475 downloads

Cite: BibTeX Plain Text

@INPROCEEDINGS{10.4108/eai.10-8-2022.2320917,
    author={Ika Yustina Rahmawati and Wildan Fauzan Akil and Annisa Ilma Hartikasari and Cicih  Rohayati and Tiara  Pandansari},
    title={Effect of Financial Leverage, ROA, Ownership Concentration, Listing Delay on Levels Underpricing During Initial Public Offering (IPO) in Manufacturing Companies on the Indonesia Stock Exchange (2016-2020 Period)},
    proceedings={Proceedings of the 3rd International Conference of Business, Accounting, and Economics, ICBAE 2022, 10-11 August 2022, Purwokerto, Central Java, Indonesia},
    publisher={EAI},
    proceedings_a={ICBAE},
    year={2022},
    month={8},
    keywords={financial leverage return on assets ownership concentration inflation listing delay and underpricing},
    doi={10.4108/eai.10-8-2022.2320917}
}

Ika Yustina Rahmawati
Wildan Fauzan Akil
Annisa Ilma Hartikasari
Cicih Rohayati
Tiara Pandansari
Year: 2022
Effect of Financial Leverage, ROA, Ownership Concentration, Listing Delay on Levels Underpricing During Initial Public Offering (IPO) in Manufacturing Companies on the Indonesia Stock Exchange (2016-2020 Period)
ICBAE
EAI
DOI: 10.4108/eai.10-8-2022.2320917

Ika Yustina Rahmawati¹^,*, Wildan Fauzan Akil¹, Annisa Ilma Hartikasari¹, Cicih Rohayati¹, Tiara Pandansari¹

1: Department Management, Faculty of Economics and Business, Universitas Muhammadiyah Purwokerto

*Contact email: rahmawatirahma2015@gmail.com

Abstract

The purpose of this study is to analyze the factors that influence the level of underpricing of manufacturing companies that conduct IPO (Initial Public Offering). This research was conducted on manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2016-2020. The method used in this research is purposive sampling. With a sample of 45 IPO companies with 5 years of observation. Based on the results of the regression analysis in the study, it shows that the Financial Leverage variable has a positive effect on the level of underpricing, Return On Assets has a negative effect on underpricing, ownership concentration has no positive effect on underpricing, and listing delay has a negative effect on underpricing.

Keywords: financial leverage return on assets ownership concentration inflation listing delay and underpricing

Published: 2022-08-23
Publisher: EAI

: http://dx.doi.org/10.4108/eai.10-8-2022.2320917