vii ABSTRAK
Yusuf Yasman, Tahun 2021, Pengaruh Return On Equity, Net Profit Margin dan Ukuran Perusahaan terhadap underpricing” (Studi Empiris Pada Perusahaan Yang Melakukan IPO Di BEI Periode 2018-2020). Skripsi Program Studi Akuntansi Fakultas Ekonomi Dan Bisnis Universitas Muhammadiyah Makassar Dibimbing oleh Pembimbing I Agussalim HR dan pembimbing II Ramly.
Perusahaan mengembangkan usahanya dengan cara ekspansi salah satunya dengan melakukan initial offering public (IPO). Dalam melakukan Initial Offering Public (IPO) terdapat fenomena menarik yaitu underpricing. Fenomena underpricing merupakan fenomena dimana harga saham yang ditawarkan pada pasar perdana lebih rendah dibandingkan dengan harga di pasar sekunder.
Tujuan penelitian ini adalah menganalisis pengaruh Return On Equity (ROE), Net Profit Margin (NPM) dan ukuran perusahaan terhadap underpricing.
Populasi penelitian adalah perusahaan yang melakukan Initial Offering Public (IPO) di BEI 2018-2020. Pemilihan sampel dalam penelitian menggunakan metode purposive samping dan di peroleh 77 sampel dari 161 perusahaan yang melakukan IPO. Dalam penelitian ini menggunakan metode analisis regresi linear berganda dengan menggunakan SPSS. Hasil penelitian menunjukan bahwa Return On Equity (ROE) dan Net Profit Margin (NPM) tidak berpengaruh terhadap underpricing sedangkan ukuran perusahaan menunjukan hasil tidak berpengaruh terhadap underpricing pada perusahaan yang IPO di Bursa Efek Indonesia.
Kata kunci :Underpricing, Return On Equity, Net Profit Margin, Ukuran Perusahaan
viii ABSTRACT
Yusuf Yasman, 2021, The Effect of Return On Equity, Net Profit Margin and Company Size on Underpricing” (Empirical Study of Companies Conducting IPOs on the IDX for the 2018-2020 Period). Thesis of Accounting Study Program Faculty of Economics and Business, University of Muhammadiyah Makassar Supervised by Supervisor I Agussalim HR and supervisor II Ramly.
The company develops its business by expanding, one of which is by conducting an initial public offering (IPO). In conducting an Initial Public Offering (IPO) there is an interesting phenomenon, namely underpricing. The underpricing phenomenon is a phenomenon where the stock price offered in the primary market is lower than the price in the secondary market. The purpose of this study was to analyze the effect of Return On Equity (ROE), Net Profit Margin (NPM) and firm size on underpricing.
The research population is companies that conduct Initial Public Offering (IPO) on the 2018-2020 BEI. The sample selection in this study used a purposive side method and obtained 77 samples from 161 companies that conducted IPOs.
In this study using multiple linear regression analysis method using SPSS. The results showed that Return On Equity (ROE) and Net Profit Margin (NPM) had no effect on underpricing while company size showed no effect on underpricing of companies that IPO on the Indonesia Stock Exchange.
Keywords: Underpricing, Return On Equity, Net Profit Margin, Firm Size
