| NIM | C1C019027 |
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| Namamhs | LILIANI KARTIKA SARI |
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| Judul Artikel | Analisis Pengaruh Faktor Fundamental dan Non Fundamental terhadap Tingkat Underpricing Saham Pada Sektor Cyclical dan Sektor Technology |
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| Abstrak (Bhs. Indonesia) | Perusahaan dalam mengembangkan usahanya tidak cukup hanya bergantung pada sumber internal. Oleh karena itu, pendanaan eksternal diperlukan untuk memenuhi kebutuhan perusahaan, salah satunya melalui IPO (initial public offering). Namun, penelitian ini menemukan perusahaan IPO terkhususnya dalam sektor cyclical dan sektor technology mengalami underpricing hingga mencapai 89,33 persen pada periode 2018-2022. Penelitian ini bertujuan untuk membuktikan adanya pengaruh pada faktor fundamental (ukuran perusahaan, financial leverage, persentase penawaran saham, reputasi underwriter, reputasi auditor) serta non fundamental (inflasi) terhadap tingkat underpricing saham dalam perspektif terjadinya asimetri informasi diantara pelaku IPO. Data dianalisis menggunakan analisis regresi linier berganda dengan pendekatan cross-section dan pengujian tambahan melalui robustness test. Hasil penelitian ini menemukan faktor persentase penawaran saham, reputasi auditor dan inflasi berpengaruh terhadap tingkat underpricing saham. Selain itu, robustness test menemukan model regresi tidak konsisten (tidak robust). |
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| Abtrak (Bhs. Inggris) | Companies cannot rely solely on internal resources to grow their business. Therefore, external funding is necessary to meet the company's needs, one of which is through an initial public offering (IPO). However, this study found that IPO companies, especially in the cyclical and technology sectors, experienced underpricing of up to 89.33 percent in the 2018-2022 period. This study aims to prove the influence of fundamental factors (company size, financial leverage, percentage of shares offered, underwriter reputation, and auditor reputation) and non-fundamental factors (inflation) on the level of stock underpricing in the context of information asymmetry among IPO participants. The data were analyzed using multiple liniear regression analysis with a cross-sectional approach and additional testing through a robustness test. The results of this study found that the percentage of shares offered, auditor reputation, and inflation have an effect on the level of stock underpricing. In addition, the robustness test found that the regression model is inconsistent (not robust). |
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| Kata kunci | IPO, Underpricing, Faktor Fundamental, Faktor Non Fundamental, Robustness Test |
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| Pembimbing 1 | Prof. Dr. Christina Tri S, S.E., M.Si, Ak, Ph.D, CA. |
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| Pembimbing 2 | Dr. Poppy Dian Indira K., S.E, M,Si, Ak., CA. |
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| Pembimbing 3 | |
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| Tahun | 2025 |
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| Jumlah Halaman | 24 |
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| Tgl. Entri | 2025-09-24 15:52:28.592623 |
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