PENGARUH INFORMASI AKUNTANSI DAN NON AKUNTANSI TERHADAP INITIAL RETURN PERUSAHAAN YANG MELAKUKAN IPO

Abstract

The purpose of this research is to examine the influence of accounting information and non accounting information to the initial return. The population is the companies which are listed in Indonesia Stock Exchange (IDX) 2010-2014 period IPO. The samples have been collected by using purposive sampling method with the criteria the company has carried out 2010-2014 periods IPO outside banking and financial institution sectors, the company has prospectus completeness and financial statement and the company has undergone under-pricing on its first public offering. 57 companies have been selected as samples based on these criteria. The hypothesis test has been done by using multiple regressions analysis technique. The result of the research shows that partially current ratio variable has positive influence to the initial return whereas other variables do not have any influence to the initial return. The result of the model feasibility test shows that the research model is right and feasible for the following test.
Keywords: IPO, Accounting Information, Non Accounting Information, and Initial Return