PENGARUH UKURAN PERUSAHAAN DAN NILAI PERUSAHAAN TERHADAP UNDERPRICING INDEKS SAHAM SYARIAH INDONESIA (ISSI)
Keywords:
underpricing, Sharia Stock, Firm Size, Firm Value, IPOAbstract
Underpricing is a condition when the closing price of a stock in the primary market is lower than the stock price in the secondary market. This research aims to analyze the effect of firm size and firm value on underpricing both partially and simultaneously. The research method used is the explanatory survey method, which aims to test hypotheses. The sampling technique used was purposive sampling, and 26 samples were obtained from a population of 28 companies listed in the Indonesia Sharia Stock Index (ISSI) in the primary consumer goods sector that conducted IPOs between 2019 and 2022. The results of this study indicate that both firm size and firm value do not have an effect on stock underpricing, both partially and simultaneously. This finding shows that firm size and firm value have an impact on underpricing of 1.23%, while the remaining 98.77% is influenced by other factors.
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