Pengaruh Informasi Akuntansi dan Non Akuntansi terhadap Initial Return dan Return aham 30 Hari Setelah IPO

Sardju, Fitriani (2013) Pengaruh Informasi Akuntansi dan Non Akuntansi terhadap Initial Return dan Return aham 30 Hari Setelah IPO. Magister thesis, Universitas Brawijaya.

Abstract

Penelitian ini bertujuan untuk membuktikan bahwa informasi akuntansi dan non akuntansi berpengaruh terhadap Initial Return dan Return 30 hari sesudah IPO, terdapat berbedaan intial return pada saham yang underpricing dan overpricing pada saat IPO, terdapat perbedaan keungungan saham antara initial return dengan return saham 30 hari setelah IPO. Informasi akuntansi yang digunakan dalam penelitian ini yaitu Rate Of Return on Total Asset , Financial Leverage , Earning Per Share , Ukuran Perusahaan dan Current Ratio . Infomasi non akuntansi yang digunakan yaitu umur perusahaan, Reputasi Underwriter, Reputasi Auditor. Sampel dalam penelitian ini adalah perusahaan manufaktur yang melakukan IPO di Bursa Efek Indonesi (BEI) tahun 2006-2011 dengan menggunakan teknik dokumentasi. Pemilihan sampel dilakukan dengan teknik purposive sampling dan diperoleh 33 sampel. Hasil penelitian menunjukkan bahwa hanya auditor yang memengaruhi initial return dan hanya ROA yang memengaruhi return saham 30 hari setelah IPO. Berdasarkan hasil penelitian ini menunjukkan bahwa adanya perbedaan saham underpricing dengan saham overpricing pada initial return saham. Hasil penelitian tidak dapat membuktikan adanya perbedaan antara initial return dengan return saham 30 sesudah IPO.

English Abstract

This research`s objective is to prove whe r accounting information and non accounting information have effect on Initial Return and Return 30 days after IPO, whe r y have a differece on intial return in share that namyley underpricing and overpricing in time of IPO is held, re is a difference of developed share between initial return with return share, 30 days after IPO. Accounting information that is used in research is rate Of Return on Total Asset, Financial Leverage, Earning Per Share, Firm`s size and Current Ratio. Non accounting information that is used is age of firm, Reputation Underwriter, Auditor Repurtation. Sample in this research is firm`s manufactures that held IPO in Indonesia Stock Market (BEI) in year of 2006-2011 by using documentation as technique. sample was chosen by using purposive sampling technique and obtained 33 samples. result of research showed that only auditor that affect initial return and only ROA that affect return of share, 30 days after IPO. According to result of this research, it shows that re is a difference of share underpricing with overpricing sharein initial return share. Conclusion of this research could not prove that re is a difference between initial return with return share, 30 days after IPO.

Item Type: Thesis (Magister)
Identification Number: TES/657.3/SAR/p/2013/041501272
Subjects: 600 Technology (Applied sciences) > 657 Accounting > 657.3 Financial reports (Financial statements)
Divisions: S2/S3 > Magister Akuntansi, Fakultas Ekonomi dan Bisnis
Depositing User: Sugiantoro
Date Deposited: 08 May 2015 14:50
Last Modified: 08 May 2015 14:50
URI: http://repository.ub.ac.id/id/eprint/159153
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