PENGARUH FINANCIAL LEVERAGE, PROCEEDS, REPUTASI UNDERWRITER, DAN JENIS INDUSTRI TERHADAP TINGKAT UNDERPRICING SAHAM

Abstract

This Study aims to determine and analyze the effect financial leverage, proceeds, underwriter reputation,
and industry type as independent variables on underpricing rate of share as dependent variable. The
study population was 148 companies that conducted an Initial Public Offering period 2014 – 2018. This
study used purposive sampling technique to determine the research sample and number of samples was
102 companies. Method of analyze data with the SPSS Program using descriptive analyze, classical
assumption, multiple linear regression, and statistical tests to test the hypothesis proposed. The results of
the study concluded financial leverage and proceeds was negative influence on underpricing, while the
underwriter reputation and industry type not influence underpricing