Pengaruh kinerja akuntansi dan informasi non akuntansi terhadap initial return pada penawaran umum perdana saham

Deskripsi

This research attempts to prove the role of accounting performance and non-accounting information toward initial returns in initial public offering (IPO) by using a sample of 34 IPO firms listed in BEI during 2007 until July 2009. The sample is chosen using the purposive sampling method. This research uses multiple regression method. Results show that the size and profitability of a company has a significant negative effect on initial returns. In addition, dividend policy has a significant positive effect on initial returns. However, this research does not provide sufficient evidence about the significant impact of financial leverage and other non-accounting information toward initial returns.Ada tabel