PENGARUH UKURAN PERUSAHAAN, EARNING PER SHARE (EPS), REPUTASI UNDERWRITER, LEVERAGE DAN PROFITABILITAS TERHADAP UNDERPRICING SAHAM PADA SAAT INITIAL PUBLIC OFFERING (IPO) DI BURSA EFEK INDONESIA TAHUN 2022-2024
Kata Kunci:
Ukuran Perusahaan, Earning Per Share (EPS), Reputasi Underwriter, Leverage, Profitabilitas, Underpricing SahamAbstrak
Penelitian ini bertujuan untuk mengetahui pengaruh ukuran perusahaan, earning per share, reputasi underwriter, leverage dan profitabilitas terhadap tingkat underpricing saham. Jenis penelitian yang digunakan adalah penelitian kuantitatif dengan pendekatan asosiatif. Populasi dalam penelitian ini adalah seluruh perusahaan yang melakukan IPO di Bursa Efek Indonesia pada tahun 2022-2024. Penentuan sampel menggunakan teknik purposive sampling sehingga diperoleh sampel sejumlah 115 perusahaan. Analisis dilakukan dengan menggunakan analisis regresi linear berganda melalui program Statistical Package for Social Science (SPSS) versi 26. Berdasarkan hasil penelitian, menunjukkan bahwa secara parsial ukuran perusahaan tidak memiliki pengaruh signifikan terhadap underpricing saham pada saat IPO di Bursa Efek Indonesia. Earning per share memiliki pengaruh negatif signifikan terhadap underpricing saham pada saat IPO di Bursa Efek Indonesia. Reputasi underwriter memiliki pengaruh negatif signifikan terhadap underpricing saham pada saat IPO di Bursa Efek Indonesia. Leverage berpengaruh positif signifikan terhadap underpricing saham pada saat IPO di Bursa Efek Indonesia. Profitabilitas berpengaruh positif signifikan terhadap underpricing saham pada saat IPO di Bursa Efek Indonesia. Secara simultan ukuran perusahaan, earning per share, reputasi underwriter, leverage dan profitabilitas berpengaruh signifikan terhadap underpricing saham pada saat IPO di Bursa Efek Indonesia.
This study aims to examine the effects of firm size, earnings per share, underwriter reputation, leverage, and profitability on the degree of stock underpricing. The study employs a quantitative research design with an associative approach. The population consists of all companies that conducted initial public offerings (IPOs) on the Indonesia Stock Exchange from 2022 to 2024. The sample was determined using purposive sampling, resulting in a sample of 115 companies. The analysis was conducted using multiple linear regression analysis via the Statistical Package for Social Sciences (SPSS) version 26. Based on the results, it was found that, partially, firm size does not have a significant effect on stock underpricing during IPOs on the Indonesia Stock Exchange. Earnings per share have a significant negative effect on stock underpricing during IPOs on the Indonesia Stock Exchange. Underwriter reputation has a significant negative effect on stock underpricing during IPOs on the Indonesia Stock Exchange. Leverage has a significant positive effect on stock underpricing during IPOs on the Indonesia Stock Exchange. Profitability has a significant positive effect on stock underpricing during IPOs on the Indonesia Stock Exchange. Simultaneously, firm size, earnings per share, underwriter reputation, leverage, and profitability have a significant effect on stock underpricing during IPOs on the Indonesia Stock Exchange.
