PENGARUH REPUTASI UNDERWRITER, FIRM SIZE DAN UMUR PERUSAHAAN TERHADAP UNDERPRICING SAHAM

Abstract

This research aimed to examine the effect of underwriter reputation, firm size, and company age on share
underpricing of companies which do IPO and were listed on Indonesia Stock Exchange. This research is in the
form of ex post facto research, is research carried out on data that has been collected after the event. The type of
data used in this study is documentary data, where the data used is in the form of archives that contain an event
or transaction within the company. The data used is in the form of an IPO company that is listed on the
Indonesia Stock Exchange in 2018 and meets the established criteria. While, the data were secondary in the form
of company financial statement in 2018. Based on the determined criteria, there were ten sample of companies
from 45 companies which do IPO and were listed on Indonesia Stock Exchange in 2018. Moreover, the data
collection technique used purposive sampling. The research result, from multiple linear regression analysis,
concluded underwriter reputation and firm size had positive and significant effect on share underpricing. On the
otherhand, company age had negative and significant effect on share underpricing.
Keywords : underwriter reputation, firm size, company age, share underpricing