PENGARUH INFORMASI KEUANGAN DAN NON KEUANGAN TERHADAP RETURN SAHAM DI PASAR PERDANA

Abstract

Financial statement and non financial statement information need investor at initial market (IPO). The underpricing fenomenal in IPO is investor get positif return in initial market. The one is caused by asimetry informations in initial market. This research explain to test about financial statement and non financial statement to return in IPO. The smapling of research was 58 manufacturing and non manufacturing were listing in Bursa Efek Indonesia (idx) at 2000-2004. Sampling method with purposive sampling. The analysis Method use multiple regression. The purpose of this research is to find the effect of auditor reputations, emission guarantor reputation, age company, equity percentage on the market, ROA, leverage to initial return. The result indicates that emission guarantor reputation and auditor reputation having an effect on significance to initial return.

Keywords: IPO, initial return, financial statement, underpricing