scholarly journals The Effect of DER, EPS, and Underwriter Reputation on Initial Return with Interest Rate

2021 ◽  
Author(s):  
Lasamanah ◽  
Disman ◽  
Nugraha
Keyword(s):  
Interest Rate ◽  
Initial Return ◽  
Underwriter Reputation

scholarly journals Accounting Factors, Non-Accounting Factors, and Net Initial Return

2020 ◽  
Vol 3 (1) ◽  
pp. 29
Author(s):  
Dhian Nurul Hidayati ◽  
Dedik Nur Triyanto
Keyword(s):  
Initial Public Offering ◽  
Firm Size ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Substantial Effect ◽  
Firm Age ◽  
Initial Return ◽  
Size Firm ◽  
Underwriter Reputation

The research aims to analyze accounting and non-accounting factors that influence the level of Net Initial Return (NIR). Accounting factors contain Return on Asset (ROA), Debt to Equity Ratio (DER), and Firm Size. Non-accounting factors contain Firm Age, Offering, and Underwriter Reputation. Furthermore, the research has the purpose of finding any simultaneous and partial influence. The research is using a quantitative method. The population is 149 companies that have made any Initial Public Offering (IPO) on the Indonesia Stock Exchange in the 2014-2018 period. The sample-based on purposive sampling results which are 95 companies. Multiple linear regression analysis was applied in this research using EViews 10. Simultaneously, the result indicates that ROA, DER, Firm Size, Firm Age, Offering, Underwriter Reputation have a significant influence on NIR. However, partially, the results showed that only ROA and Underwriter Reputation have a negative and significant effect on NIR. Meanwhile, DER, Firm Size, Firm Age, and Offering do not have a substantial effect on NIR.

scholarly journals DAMPAK INFORMASI AKUNTANSI DAN NON AKUNTANSI TERHADAP INITIAL RETURN SAHAM PADA PERUSAHAAN YANG MELAKUKAN INITIAL PUBLIC OFFERING DI BURSA EFEK INDONESIA

2017 ◽  
Vol 6 (1) ◽  
pp. 79 ◽  
Author(s):  
Saifudin Saifudin ◽  
Alisa Meriani
Keyword(s):  
Initial Public Offering ◽  
Share Price ◽  
Firm Age ◽  
Financial Leverage ◽  
Return On Assets ◽  
Earnings Per Share ◽  
Initial Return ◽  
Price Earnings Ratio ◽  
Underwriter Reputation ◽  
Public Offering

This study aims to analyze the influence of accounting and non-accounting information of the Initial Return company shares Initial Public Offering (IPO). This study uses secondary data by taking a sample of companies that do an IPO on the Stock Exchange 2009-2012. Variables that are used in this study include the size of the company, earnings per share, price earnings ratio, financial leverage, return on assets, value stock offering, firm age, underwriter reputation, the reputation of the auditor, and the ownership of existing shareholders. The data collection method using purposive sampling and analysis of data with multiple linear regression were processed using SPSS. The results showed that the significant effect on the initial return is the size of the company, earnings per share, price earnings ratio, underwriter reputation, and the value stock offering. While financial leverage, return on assets, the proportion of ownership of existing shareholders, underwriter reputation, and firm age no significant effect on initial returns.

scholarly journals ANALISIS PERANAN INFORMASI AKUNTANSI DAN NON AKUNTANSI TERHADAP INITIAL RETURN SAHAM

2016 ◽  
Vol 1 (1) ◽  
Author(s):  
Meihendri Meihendri
Keyword(s):  
Regression Analysis ◽  
Firm Size ◽  
Sampling Method ◽  
Annual Report ◽  
Stock Exchange ◽  
Accounting Information ◽  
Secondary Data ◽  
Initial Return ◽  
Underwriter Reputation ◽  
Auditor Reputation

<p class="Default"><em>This study is aimed to examine the role effect of accounting information (firm size, Earning Per Share (EPS), Price Earning Ratio (PER), financial leverage and Return On Asset (ROA) and  non-accounting information (old shareholders, auditor reputation, underwriter reputation, age companies and types of industries) on initial stocks returns. </em></p><p class="Default"><em>This study used secondary data in the form of financial annual report that go public and listed on the Indonesian Stock Exchange in 2009-2013. The samples are 66 companies obtained through purposive sampling method. Then, hypothesis examination is done by using multiple linier regression analysis, before that firstly classical assumption test has been done. </em></p><p class="Default"><em>The result of this study showed that simultan  the variable accounting information and non-accounting information have an effect on initial stocks returns.  In partially  auditor reputation have an effect on initial stocks returns with a significant level of 5% and types of industries have an effect on initial stocks returns with a significant level of 10%. Based on the result in conclusion is the investor that will invest in company which are IPO need observe auditor reputation and types of industries in order to success acquiring initial stocks returns which are expectation. </em></p><strong><em>Keywords</em></strong><em> : Accounting Information, Non Accounting Information, Initial Return, IPO</em>

scholarly journals Determinant of Initial Return of the Companies Doing Initial Public Offering on Indonesia Stock Exchange in 2014 - 2018

2020 ◽  
Vol 5 (8) ◽  
pp. 268-278
Author(s):  
Yohanes Martinianus Rada ◽  
Bambang Santosoe Marsoem
Keyword(s):  
Initial Public Offering ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Secondary Market ◽  
Selling Price ◽  
Share Ownership ◽  
Initial Return ◽  
Underwriter Reputation ◽  
The Difference ◽  
Public Offering

Initial return is a benefit or loss for investors because of the difference between purchased price of shares in the primary market with the selling price of the relevant shares in the secondary market. With this situation, investors can enjoy or dont get the return of the stock purchase. Thus study focus on Initial Return Positive that is benefit for investor. This study aimed to determine the effect of ROE, DER, Share Ownership, Underwriter Reputation and Firm Ages to the initial return on the IPO companies in the Indonesia Stock Exchange. Samples were selected of 55 from two sectors that list in Indonesia Stock Exchangethat that is Trade, Services & Investment and Infrastructure, Utilities & Transportation with a purposive sampling technique. The data gathered the financial statement on the IPO company prospectus in the period of 2014 to 2018. The method of analysis used in this study is linear multiple regression analysis method. Result show that Underwriter Reputation partialy has signifikan effect on Initial Return. ROE, DER Share Ownership and Firm Age have effect to Initial Return

scholarly journals Faktor-faktor yang mempengaruhi initial return pada saat ipo di bursa efek indonesia periode tahun 2006-2015

2017 ◽  
Vol 22 (2) ◽  
Author(s):  
Rini Tri Astuti
Keyword(s):  
Regression Analysis ◽  
Empirical Study ◽  
Initial Public Offering ◽  
Sampling Method ◽  
Stock Exchange ◽  
Accounting Information ◽  
Firm Age ◽  
Initial Return ◽  
Underwriter Reputation ◽  
Public Offering

The purpose of this empirical study are to analyze the effect of accounting information and non accounting information to initial return in firm that do Initial Public Offering (IPO) and listing on Indonesia Stock Exchange in 2006-2015. The population in this research are the firms that do Initial Public Offering (IPO) in 2006-2015. With purposive sampling method from 210 firms, 143 firms meet the criteria of the sample. The result of regression analysis shows that accounting information Return On Asset (ROA) and firm size, and also non accounting information auditor reputation individually had a significant effect to initial return, while accounting information Earning Per Share (EPS) and financial leverage, and also non accounting information firm age, underwriter reputation and type of industry had not significant effect on initial return individually.

scholarly journals FAKTOR-FAKTOR YANG BERPENGARUH TERHADAP TINGKAT INITIAL RETURN DALAM INITIAL PUBLIC OFFERIBF (IPO) PADA PERUSAHAAN KIMIA DAN FARMASI

2017 ◽  
Author(s):  
Yuniorita Indah Handayani
Keyword(s):  
Initial Return ◽  
Underwriter Reputation ◽  
Research Show ◽  
Auditor Reputation

This research aims to determinane influence of auditor reputation, underwriter reputation, proposition of stock offering and age of company to IR in IPO and to determine the factors that influence to IR and IPO. Result of this research show that auditor reputation, underwriter reputation, proposition of stock offering and age of company influence to IR in IPO. furthermore auditor reputation and propotition of stock offering do not influence to IR

Dampak Kebijakan Moneter Pada Output Di Negara-Negara ASEAN Tahun 1980-2014

2017 ◽  
Vol 4 (1) ◽  
pp. 58-70
Author(s):  
Nur Widiastuti
Keyword(s):  
Monetary Policy ◽  
Interest Rate ◽  
Fixed Effects ◽  
Empirical Studies ◽  
Negative Relationship ◽  
Least Square ◽  
Fixed Effects Model ◽  
State Data ◽  
Ordinary Least Square ◽  
The Impact

The Impact of monetary Policy on Ouput is an ambiguous. The results of previous empirical studies indicate that the impact can be a positive or negative relationship. The purpose of this study is to investigate the impact of monetary policy on Output more detail. The variables to estimatate monetery poicy are used state and board interest rate andrate. This research is conducted by Ordinary Least Square or Instrumental Variabel, method for 5 countries ASEAN. The state data are estimated for the period of 1980 – 2014. Based on the results, it can be concluded that the impact of monetary policy on Output shown are varied.Keyword: Monetary Policy, Output, Panel Data, Fixed Effects Model

Economic effects of monetary policy in Russia: What do large datasets tell us?

2020 ◽  
pp. 31-53 ◽  
Author(s):  
Anna A. Pestova ◽  
Natalia A. Rostova
Keyword(s):  
Monetary Policy ◽  
Interest Rate ◽  
Interest Rates ◽  
Economic Activity ◽  
Global Financial Crisis ◽  
Exchange Rate Regime ◽  
Aggregate Demand ◽  
Economic Effects ◽  
Theoretical Concepts ◽  
Empirical Estimates

Is the Bank of Russia able to control inflation and, at the same time, manage aggregate demand using its interest rate instruments? In other words, are empirical estimates of the effects of monetary policy in Russia consistent with the theoretical concepts and experience of advanced economies? This paper is aimed at addressing these issues. Unlike previous research, we employ “big data” — a large dataset of macroeconomic and financial data — to estimate the effects of monetary policy in Russia. We focus exclusively on the period after the 2008—2009 global financial crisis when the Bank of Russia announced the abandoning of its fixed ruble exchange rate regime and started to gradually transit to an interest rate management. Our estimation results do not confirm standard responses of key economic activity and price variables to tightening of monetary policy. Specifically, our estimates do not reveal a statistically significant restraining effect of the Bank of Russia’s policy of high interest rates on inflation in recent years. At the same time, we find a significant deteriorating effect of the monetary tightening on economic activity indicators: according to our conservative estimates, each of the key rate increases occurred in March and December 2014 had led to a decrease in the industrial production index by about 0.2 percentage points within a year.

Analysis of the Bank of Russia information policy

2017 ◽  
pp. 88-110 ◽  
Author(s):  
S. Drobyshevsky ◽  
P. Trunin ◽  
A. Bozhechkova ◽  
E. Gorunov ◽  
D. Petrova
Keyword(s):  
Interest Rate ◽  
Nonparametric Tests ◽  
Information Policy ◽  
Var Models ◽  
New Approach ◽  
Interest Rate Policy ◽  
News Reports ◽  
Internet Users ◽  
Rate Policy ◽  
Exchange Markets

The article investigates the Bank of Russia information policy using a new approach to measuring information effects on Russian data, including the analysis of the tonality of news reports, as well as internet users’ queries on Google. The efficiency of regulator’s information signals is studied using EGARCH-, VAR- models, as well as nonparametric tests. The authors conclude that the regulator communicates effectively in terms of the predictability of interest rate policy, the degree to which information signals affect the money and foreign exchange markets.

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