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ASIMETRI INFORMASI DAN UNDERPRICING

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Author(s): Tety Anggita Safitri

Journal: Jurnal Dinamika Manajemen
ISSN 2086-0668

Volume: 4;
Issue: 1;
Start page: 1;
Date: 2013;
Original page

Keywords: Initial Public Offering (IPO) | Asymmetric Information | Underpricing

ABSTRACT
The aim of this research is to examine the effect of assymetric information on underpricing. This research used a sample of 63 companies that make initial public offering on the Indonesia Stock Exchange in the period of 2005-2010. The data analysis is using multiple linear regression, which is testing the proxy of asymmetric information which consists of the firm size, the firm age, the proportion of shares offered to the public, underwriter reputation and auditor reputation on underpricing. This research indicates that underwriter reputation and auditor reputation have a significant effect on underpricing. The firm size, the firm age and the proportion of shares offered to the public have no significant effect on underpricing.
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