TY - GEN CY - universitas lampung ID - eprints7782 UR - http://digilib.unila.ac.id/7782/ A1 - M. Ferry Kurniawan, 1011031060 Y1 - 2015/02/25/ N2 - Penelitian ini bertujuan untuk menganalisis secara empiris faktor-faktor yang mempengaruhi tingkat underpricing saham perusahaan pada saat Initial Public Offerings (IPO). Faktor-faktor yang digunakan adalah initial return (IR), reputasi underwriter, reputasi auditor, return on equity (ROE), dan financial leverage. Sampel yang dipilih dalam penelitian ini berjumlah 43 sampel dengan tahun pengamatan 2007-2013. Data yang ada dianalisis menggunakan Statistical Package for Social Science (SPSS) dengan metode analisisregresi linear berganda. Hasil pengujian hipotesis menunjukkan bahwa variable return on equity (ROE) berpengaruh positif terhadap fenomena underpricing. Variabel reputasi underwriter, reputasi auditor dan financial leverage tidak berpengaruh signifikan terhadap fenomena underpricing. Kata Kunci: Initial Public Offering, underpricing, initial return, reputasi auditor, reputasi underwriter, return on equity, financial leverage. This study aims to demonstrate empirically the factors that affect the level of underpricing shares at Initial Public Offerings (IPO). The factors used are initial return (IR), underwriter reputation, auditor reputation, return on equity (ROE), and financial leverage. Samples that selected in this study are 43 samples with the observations from 2007 to 2013. This research adopts multiple linear regression method using SPSS as an analytical tool. The results show that variable return on equity (ROE) positively affects on underpricing phenomenon. Variable underwriter reputation, auditor reputation and financial leverage have no significant effect to underpricing phenomenon. Key Words: Initial Public Offering, underpricing, initial return, reputasi auditor, reputasi underwriter, return on equity, financial leverage. PB - Fakultas Ekonomi dan Bisnis TI - ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI TINGKAT UNDERPRICING SAHAM PADA SAAT INITIAL PUBLIC OFFERING (IPO) DI BURSA EFEK INDONESIA AV - restricted ER -