PENGARUH MANAJEMEN LABA TERHADAP INITIAL PUBLIC OFFERING UNDERPRICING DENGAN PERANAN KEPEMILIKAN INSTITUSIONAL SEBAGAI VARIABEL MODERASI

Firdaus, Hanna (2020) PENGARUH MANAJEMEN LABA TERHADAP INITIAL PUBLIC OFFERING UNDERPRICING DENGAN PERANAN KEPEMILIKAN INSTITUSIONAL SEBAGAI VARIABEL MODERASI. S1 thesis, STIE Indonesia Banking School.

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Abstract

The purpose of this research was to investigate the effect of accrual earning management on IPO underpricing which was measured by initial return, on the first day of trading in Indonesia Stock Exchange, of Indonesian companies during 2017-2019. This research was conducted using purposive sampling technique from 82 analyzed companies. Earnings management variable was measured using discretionary accruals. while IPO underpricing was calculated using the initial return on the first day of stock trading in stock exchange. This research used ordinary least squares technique (OLS) multiple linear regression analysis and Moderated Regression Analysis. The result of this study revealed that the accruals earning management practice through discretionary accruals had a negative significant effect on IPO underpricing. This finding indicated that every earnings management practice could give an effect in a different direction on IPO underpricing phenomenon, as a response of investors on the published company’s performance; firm size had a positive significant effect on IPO underpricing; ownership concentration had a no effect on IPO underpricing; institutional ownership was found not to strengthen the positive relationship between earnings management and IPO underpricing.

Item Type: Thesis (S1)
Uncontrolled Keywords: IPO underpricing, earnings management, firm size, ownership concentration, and institutional ownership.
Subjects: H Social Sciences > HF Commerce
H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Prodi S1 Akuntansi
Depositing User: Sparta Sparta
Date Deposited: 09 Sep 2022 14:07
Last Modified: 11 Sep 2022 06:44
URI: http://repository.ibs.ac.id/id/eprint/5311

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