The Effect of Financial and Non-Financial Information on Underpricing in Initial Public Offerings

M. Reza  Oktananda; Evi  Gantyowati

doi:10.47616/jamrems.v4i3.444

Authors

M. Reza Oktananda Faculty of Economics and Business, Universitas Sebelas Maret, Surakarta, Indonesia
Evi Gantyowati Faculty of Economics and Business, Universitas Sebelas Maret, Surakarta, Indonesia

DOI:

https://doi.org/10.47616/jamrems.v4i3.444

Abstract

This study aims to examine the financial and non-financial information factors that affect underpricing in companies conducting IPOs in 2020 - 2022. The data analysis technique in this study consists of classical assumption tests and hypothesis testing using multiple linear regression analysis methods. The test results show that the debt-equity ratio does not affect underpricing. In contrast, earnings per share has a positive effect on underpricing, and underwriter reputation and auditor reputation have a negative effect on underpricing.

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