@article{eprints13072,
           month = {Maret},
           title = {
UNDERPRICING		PHENOMENON     THAT AFFECTED    FACTORS INTERNAL AND  EXTERNAL
(Studies in Go Public Company Registered in BE! Year 2007-2010)},
          author = {JUFRIYANDES 0916051044},
            year = {2012},
         journal = {Digital Library},
             url = {http://digilib.unila.ac.id/13072/},
        abstract = {






UNDERPRICING		PHENOMENON     THAT AFFECTED    FACTORS INTERNAL AND  EXTERNAL
(Studies in Go Public Company Registered in BE! Year 2007-2010)



JUFRIYANDES



ABSTRACT



This study aims to examine the factors  that influence the phenomenon  of underpricing in Il'Ofirms go public or at the time of !PO (Initial Public Offering) on the BE!  in 2007-2010.  Underpricing  is the positive  difference  between  the secondary market price of the shares at the market price ofprime.
The results of these tests were performed  on 50 samples.  There are six variables thought to affect the level of underpricing are categorized into internal and external factors,  internal factors  which consist of ROE  (Return on Equity), financial  leverage, the number of shares offered, and the external factors  consist of the exchange rate, inflation, and the BI Rate.
The method  used  in  this study  is multiple  regression  with  the  help  of Eviews 6,  and obtained results that not all the variables studied had a significant effect  on  the level  of  underpricing partially.   Variables that have  a significant effect on the level of underpricing  is partially  ROE  (Return on Equity). Simultaneously variables ROE, financial  leverage, the number of shares offered, the exchange rate, inflation, and the Bank Rate affect the level of underpricing. Among the factors  that affect the level of underpricing, the variable ROE (Return on Equity) is the most dominant influencing factor.

Keywords: Underpricing, internal variables (ROE, financial leverage, the number of shares offered), and external variables (Kurs, inflation, BI Rate). 







FENOMENA  UNDERPRICING SAHAM YANG DIPENGARUHI   FAKTOR INTERNAL  DAN EKSTERNAL
(Studi Pada Perusahaan Go Public Yang Terdaftar Di BEi Tahun 2007-2010)



JUFRI  YANDES ABSTRAK
Penelitian  ini bertujuan untuk meneliti faktor-faktor  yang mempengaruhi fenomena underpricing pada penawaran saham perdana perusahaan go public atau pada  saat IPO  (Initial Public  Offering) di BEi  tahun  2007-2010.   Underpricing yaitu selisih positif  antara harga  saham dipasar  sekunder dengan harga  dipasar perdana.
Hasil  pengujian  ini  dilakukan  terhadap  50  sampel.  Ada  enam  variabel
yang  diduga  mempengaruhi  tingkat  underpricing  yang  dikategorikan  menjadi faktor internal dan eksternal, dimana faktor internal terdiri dari ROE (Return on Equity), financial  leverage, jumlah  saham yang ditawarkan, dan faktor eksternal terdiri dari kurs, inflasi, dan BI Rate.
Metode  yang  digunakan  dalam  penelitian  ini  adalah  regresi  berganda
dengan bantuan Eviews  6,  dan diperoleh hasil bahwa tidak semua variabel yang diteliti memiliki pengaruh  yang signifikan terhadap  tingkat  underpricing  secara parsial.  Variabel  yang  memiliki  pengaruh  signifikan  secara  parsial  terhadap tingkat  underpricing  adalah ROE  (Return on Equity).  Secara simultan  variabel ROE, financial   leverage,  jumlah  saham yang ditawarkan,  kurs,  inflasi,  dan BI Rate berpengaruh terhadap tingkat underpricing. Diantara faktor-faktor yang mempengaruhi  tingkat  underpricing,  variabel  ROE  (Return  on Equity)  adalah faktor yang berpengaruh paling dominan.

Kata  kunci:  Underpricing, variabel  internal (ROE, financial leverage, jumlah saham  yang  ditawarkan),  dan  variabel   eksternal   (kurs,  inflasi, BI Rate).
}
}