Yuliana, Fifi (2019) Pengaruh Praktik Manajemen Laba Menjelang Ipo Terhadap Underpricing Saham Dengan Reputasi Underwriter Sebagai Variabel Moderasi. Sarjana thesis, Universitas Brawijaya.
Abstract
Penelitian ini bertujuan untuk menguji pengaruh praktik manajemen menjelang IPO terhadap tingkat underpricing saham. Selain itu, variabel reputasi underwriterdilibatkan sebagai pemoderasi pengaruh praktik manajemen laba menjelang IPO terhadap underpricing saham. Objek penelitian adalah perusahaan non-keuangan yang melaksanakan IPO di Bursa Efek Indonesia (BEI) pada tahun 2012-2018. Dengan teknik purposive sampling,sebanyak 57 perusahaan terpilih sebagai sampel. Analisis data dilakukan dengan menggunakan metoda analisis regresi berjenjang. Hasil pengujian menunjukkan bahwa manajemen laba yang dilakukan melalui short-term discretionary accrual, long-term discretionary accrual dan abnormal cash flow from operations berpengaruh negatif terhadap underpricing saham. Namun, manajemen laba melalui abnormal discretionary expensestidak berpengaruh terhadap underpricing saham. Selanjutnya, reputasi underwriter tidak dapat memoderasi pengaruh manajemen laba terhadap underpricing saham. Ini menunjukkan bahwa dalam membuat keputusan investasi, investor tidak memperhatikan underwriter-nya.
English Abstract
The purpose of this study is to examine the influence of earnings management before IPO on the level of stock’s underpricing with underwriter reputation as the moderator variable. The object of this research were non-financial companies that held IPO in the Indonesian Stock Exchange in 2012-2018. By using purposive sampling method, 57 companies were selected as the sample of this study and also the data were analized by using hierarchical regression analysis. The result of this study show that earnings management through short-term discretionary accrual, long-term discretionary accrual and abnormal cash flow from operations have negative influences on stock’s underpricing. Whereas earnings management through abnormal discretionary expenses has no influence on stock’s underpricing. Furthermore, underwriter reputation as the moderator variabel cannot moderate the influence of earnings management on stock’s underpricing. This shows that in making investment decisions, investors are not paying attention to the underwriter reputation.
Other obstract
-
| Item Type: | Thesis (Sarjana) |
|---|---|
| Identification Number: | SKR/FEB/2019/366/051907994 |
| Uncontrolled Keywords: | underpricing,manajemen laba, short-term discretionary accrual, long-term discretionary accrual,abnormal cash flow from operations, abnormal discretionary expenses, reputasi underwriter, underpricing, earnings management, short-term discretionary accrual, long-term discretionary accrual, abnormal cash flow from operations, abnormal discretionary expenses, underwriter’s reputation |
| Subjects: | 300 Social sciences > 332 Financial economics > 332.6 Investment > 332.63 Specific forms of investment > 332.632 Securities, real estate, commodities > 332.632 2 Stocks (Shares) > 332.632 22 Prices |
| Divisions: | Fakultas Ekonomi dan Bisnis > Akuntansi |
| Depositing User: | Nur Cholis |
| Date Deposited: | 18 Aug 2020 03:04 |
| Last Modified: | 18 Aug 2020 03:04 |
| URI: | http://repository.ub.ac.id/id/eprint/174206 |
Actions (login required)
 |
View Item |