EFEK PERISTIWA POLITIK TERHADAP ABNORMAL RETURN DAN TRADING VOLUME ACTIVITY PADASAHAM LQ-45

(EVENT STUDY PADA VONIS YANG DIBERIKAN BASUKI THAJAJA PURNAMA)

Abstract

ABSTRACT
This study aims to verify whether the percentage of stock offerings, company age, and
market timing affect the underpricing of companies that make Initial Public Offering (IPO)
during 2014-2017. This research is a type of quantitative research and the data analysis
method used is multiple linear regression analysis. The sampling technique used in this study
was a purposive sampling technique with certain criteria, so that 76 sample companies were
obtained.
Based on the results of data analysis that has been done, it is found that the percentage
variable share offering has a significant effect on the level of underpricing, while the age
variable of the company has no significant effect on the level of underpricing. In addition, it
was found that the market timing variable had a significant effect on the level of underpricing
and simultaneously the percentage of shares offering, company age, and market timing had a
significant effect on the level of underpricing of companies that conducted Initial Public
Offering (IPO) on the Indonesia Stock Exchange.