Faktor-Faktor yang Mempengaruhi Abnormal Return Saham-Saham IPO yang Terdaftar di Bursa Efek Indonesia

Abstract

This study discusses the factors that influence the abnormal return of IPO shares listed on the Indonesian stock exchange. this research examines in period 2015-2019. Sampling technique in this research is purposive sampling. The research analysis method is multiple linear regression analysis. The results of this research reveal the Magnitude of Underpricing (MU) and Benchmark have positive significant effect on abnormal returns. Firm size have negative significant effect on abnormal return. Return on equity (ROE) have no significant effect on abnormal returns.