PENGARUH REPUTASI UNDERWRITER, RETURN ON EQUITY, DAN TOTAL ASSET TERHADAP TINGKAT UNDERPRICING PADA SAHAM PERUSAHAAN YANG MELAKUKAN INITIAL PUBLIC OFERING DI BURSA EFEK INDONESIA PERIODE 2012-2016

Mohamad Hikayat, The Effect of Underwriter’s Reputation, Return on Equity and Total Asset to Underpricing Level of Company’s Stock That Engaged in Initial Public Offering in Indonesia Stock Exchange, 2012-2016 Period. Faculty of Economics, State University of Jakarta, 2017 This study aims to determine the effect underwriter reputation, Return on Equity and Total Assets to underpricing of IPO companies that conduct an IPO in the Indonesia Stock Exchange. The data used in this study a company's annual financial statements which did an IPO on the Indonesia Stock Exchange, Indonesia Stock Exchange Publications and website interface Indonesia Stock Exchange. The analysis used is multiple linear regression using a computer software tool Eviews. Testing classic assumption in advance have been conducted on samples for the regression model for both the regression model should meet the assumptions of classical test. Results showed a significant negative effect on underpricing underwriter's reputation. Return on Equity and no significant negative effect on underpricing. Keywords: Underpricing, Initial Public Offering, Return on Equity, Underwriter, Total Assets