eprintid: 96549
rev_number: 19
eprint_status: archive
userid: 599
dir: disk1/00/09/65/49
datestamp: 2025-08-05 01:43:49
lastmod: 2025-08-05 01:43:49
status_changed: 2025-08-05 01:43:49
type: thesis
metadata_visibility: show
creators_name: MULYATRI, EGIT
creators_nimnip: 43121010382
creators_id: eggitt838@gmail.com
contributors_type: http://www.loc.gov/loc.terms/relators/THS
contributors_name: Haningsih, Luna
contributors_nidn: 0322076701
contributors_id: lib.mercubuana.ac.id
title: ANALISIS VARIABEL-VARIABEL YANG MEMPENGARUHI UNDERPRICING SAHAM PERDANA DENGAN REPUTASI UNDERWRITER SEBAGAI VARIABEL MODERASI DI BURSA EFEK INDONESIA TAHUN 2023
ispublished: pub
subjects: S025.11
subjects: S330
subjects: S380.1
subjects: S381.3
subjects: S658
divisions: 431
full_text_status: restricted
keywords: Profitabilitas, ROE, Leverage, DER, Ukuran Perusahaan, Underpricing, Reputasi Underwriter, IPO.
abstract: This study aims to analyze the influence of profitability (ROE), leverage
(DER), and firm size on IPO underpricing, with underwriter reputation as a
moderating variable, for companies conducting IPOs on the Indonesia Stock
Exchange (IDX) in 2023. Data were collected from 49 companies selected using the
purposive sampling method, and analysis was conducted using multiple linear
regression with E-views version 12 software. The results show that profitability
(ROE) and leverage (DER) have a positive influence on underpricing, while firm
size has no significant effect. Underwriter reputation strengthens the influence of
profitability on underpricing but does not moderate the effects of leverage and firm
size. These findings support agency theory, which explains how information
asymmetry and conflicts of interest between management and investors affect
underpricing, as well as signaling theory, where profitability and underwriter
reputation provide positive signals to investors, while high leverage is perceived as
a risk signal. This research provides implications for companies, investors, and
regulators in understanding the factors influencing IPO underpricing.
Keywords: Profitability, Leverage, Firm Size, Underpricing, Underwriter Reputation, IPO.

Penelitian ini bertujuan untuk menganalisis pengaruh profitabilitas (ROE),
leverage (DER), dan ukuran perusahaan terhadap underpricing saham perdana,
dengan reputasi underwriter sebagai variabel moderasi pada perusahaan yang
melakukan IPO di Bursa Efek Indonesia (BEI) tahun 2023. Data diambil dari 49
perusahaan yang dipilih menggunakan metode purposive sampling, dan analisis
dilakukan dengan regresi linier berganda menggunakan software E-views versi 12.
Hasil penelitian menunjukkan bahwa profitabilitas (ROE) dan leverage (DER)
berpengaruh positif terhadap underpricing, sedangkan ukuran perusahaan tidak
berpengaruh signifikan. Reputasi underwriter terbukti memperkuat pengaruh
profitabilitas terhadap underpricing, tetapi tidak memoderasi pengaruh leverage dan
ukuran perusahaan. Temuan ini mendukung teori agensi (agency theory), di mana
asimetri informasi dan konflik kepentingan antara manajemen dan investor
memengaruhi underpricing, serta teori sinyal (signaling theory), di mana
profitabilitas dan reputasi underwriter memberikan sinyal positif kepada investor,
sementara leverage tinggi dianggap sebagai sinyal risiko. Penelitian ini
memberikan implikasi bagi perusahaan, investor, dan regulator dalam memahami
faktor-faktor yang memengaruhi underpricing saham perdana.
Kata Kunci: Profitabilitas, ROE, Leverage, DER, Ukuran Perusahaan, Underpricing, Reputasi Underwriter, IPO.
date: 2025-03-12
date_type: published
pages: 89
institution: Universitas Mercu Buana Jakarta
department: Biro Perpustakaan
thesis_type: s1
thesis_name: skripsi
kampus: meruya
call_number_cd: FE/MJ. 25 211
kota: Jakarta
kolasi: xiv, 89 hlm
citation:   MULYATRI, EGIT  (2025) ANALISIS VARIABEL-VARIABEL YANG MEMPENGARUHI UNDERPRICING SAHAM PERDANA DENGAN REPUTASI UNDERWRITER SEBAGAI VARIABEL MODERASI DI BURSA EFEK INDONESIA TAHUN 2023.  S1 thesis, Universitas Mercu Buana Jakarta.   
document_url: http://repository.mercubuana.ac.id/96549/1/01%20COVER.pdf
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document_url: http://repository.mercubuana.ac.id/96549/7/07%20DAFTAR%20PUSTAKA.pdf
document_url: http://repository.mercubuana.ac.id/96549/8/08%20LAMPIRAN.pdf
document_url: http://repository.mercubuana.ac.id/96549/20/small.jpg