PENGARUH STRUKTUR CORPORATE GOVERNANCE TERHADAP INITIAL PUBLIC OFFERING (IPO)UNDERPRICING DI INDONESIA
Abstract
This research trytoexaminewhethercorporate governancewhenthe company madean Initial Public Offering(IPO) affectthe level ofunderpricingshares of companies thatgo publicby usingthe period2002-2012.This studyfocuses onthe influence ofcorporate governance structureon the level ofunderpricingby usingcontrol variablesunderwriter
reputation, return on assets (ROA), firm size, financial leverage, andreturn on equity(ROE). According tothe results ofprevious studies, these variablesgenerallytend to
showa significant effecton underpricingin companiesthatgo public
This research is ekspost facto (causal comparative). Sample selection method used was purposive sampling and sample used was 131 sample companies doing an
Initial Public Offering on the Indonesia Stock Exchange in the period 2002-2012. This study uses regression testing models. Regression analysis showed that onlytheunderwriterreputationsignificantly influenceunderpricing