TY  - GEN
CY  - UNIVERSITAS LAMPUNG
ID  - eprints60941
UR  - http://digilib.unila.ac.id/60941/
A1  - TRI HANDAYANI, 1716051076
Y1  - 2021///
N2  - ABSTRAK
PENGARUH DEBT TO EQUITY RATIO (DER), RETURN ON ASSET
(ROA), REPUTASI UNDERWRITER, DAN UMUR PERUSAHAAN 
TERHADAP TINGKAT UNDERPRICING SAHAM
(Studi Kasus Pada Perusahaan Yang Melakukan IPO Di Bursa Efek 
Indonesia Tahun 2018-2020)
OLEH
TRI HANDAYANI
Penelitian ini bertujuan guna meneliti faktor apa saja yang dapat mempengaruhi 
tingkat  underpricing  saham pada penawaran saham perdana pada saat perusahaan 
melaksanakan  Initial Publik Offering  (IPO) di Bursa Efek Indonesia (BEI) tahun 
2018-2020. Pengujian  ini di lakukan terhadap 125  sampel  perusahaan. Jenis data 
yang digunakan pada penelitian ini yaitu data sekunder Terdapat empat variabel 
yang digunakan dalam mempengaruhi tingkat  underpricing  yaitu  Debt To Equity 
Ratio  (DER),  Return  On  Asset  (ROA),  Reputasi  Underwriter,  dan  Umur 
Perusahaan.  Metode yang digunakan dalam penelitian ini yaitu regresi berganda 
dengan alat analisis SPSS 25. Dan diperoleh hasil bahwa tidak semua yang diteliti 
mempengaruhi tingkat  underpricing  secara parsial. Variabel yang mempengaruhi 
tingkat  underpricing  saham secara parsial yaitu reputasi  underwriter.  Sedangkan 
secara  simultan  variabel  Debt  To  Equity  Ratio  (DER),  Return  On  Asset  (ROA), 
Reputasi  Underwriter,  dan Umur Perusahaan tidak berpengaruh terhadap tingkat 
undepricing saham. 
Kata  kunci:  Underpricing,  Debt  To  Equity  Ratio  (DER),  Return  On  Asset
(ROA),  Reputasi  Underwriter,  dan  Umur  Perusahaan
ABSTRACT
THE EFFECT OF DEBT TO EQUITY RATIO (DER), RETURN ON ASSET
(ROA), UNDERWRITER REPUTATION, AND COMPANY AGE ON THE 
LEVEL OF UNDERPRICING SHARES
(Case Study of Companies Conducting IPOs on the Indonesia Stock 
Exchange 2018-2020)
By
TRI HANDAYANI
This study aims to examine what factors can affect the level of  underpricing  of 
shares in the initial public offering when the company carries out its Initial Public 
Offering (IPO) on the  Indonesia Stock Exchange (IDX) in 2018-2020.  This test 
was carried out on 125  sampel  companies. The type of data used in this study is 
secondary  data.  There  are  four  variables  used  to  influence  the  level  of 
underpricing,  namely  Debt  To  Equity  Ratio  (DER),  Return  On  Asset  (ROA), 
Underwriter  Reputation, and Company Age.  The method used in this research is 
multiple  regression  with  the  SPSS  25  analysis  tool.  And  the  result  is  that  not 
everything  studied  partially  affects  the  level  of  underpricing.  The  variable  that 
affects  the  level  of  underpricing  of  shares  partially  is  the  reputation  of  the 
underwriter.  Meanwhile,  the  variable  Debt  To  Equity  Ratio  (DER),  Return  On 
Asset (ROA), Underwriter 's Reputation, and Company Age have no effect on the 
level of stock undepricing.
Keywords:  Underpricing,  Debt  To  Equity  Ratio  (DER),  Return  On  Asset
(ROA), Underwriter 's Reputation, and Company Age 
PB  - FAKULTAS ILMU SOSIAL DAN ILMU POLITIK
TI  - PENGARUH DEBT TO EQUITY RATIO (DER), RETURN ON ASSET
(ROA), REPUTASI UNDERWRITER, DAN UMUR PERUSAHAAN 
TERHADAP TINGKAT UNDERPRICING SAHAM
(Studi Kasus Pada Perusahaan Yang Melakukan IPO Di Bursa Efek 
Indonesia Tahun 2018-2020)
AV  - restricted
ER  -