DER ROE, Percentage Offering of Shares and their Influences to Initial Return in its Companies Doing IPO (Empirical study on non-financial companies listed on BEI)

DOI

10.2991/icebef-18.2019.66How to use a DOI?

Keywords

Return on Equity (ROE); Debt to Equity Ratio (DER); Percentage Share offer (PPS); initial return (IR)

Abstract

This research aims to find out the influence of return on equity, debt to equity ratio, and percentage of stock offering to initial return on nonfinancial companies. The study used data analysis using t test, F test, R 2 test, and two linear regression equations. Using the partial test (t test), the result showed that ROE, DER and Percentage Offering of Shares does not affect the initial return. The strength of the relationship of the three independent variables Return on Equity, Debt to Equity Ratio and Percentage of stock offer simultaneously with Initial return. Return on Equity, Debt to Equity Ratio and Percentage of stock offer have low relation with Initial return. DER generated can be minimized, the company is also expected to increase sales in each period with offset total assets owned. Variable percentage of stock offer does not affect the initial return. The significance criterion, if F-count is greater than F-table, then the multiple regression equation is significant. Which means jointly Return on Equity (ROE), Debt to Equity Ratio (DER) and Percentage of stock quotes effect on Initial return. Based on the results of multiple linear regression analysis conducted on companies conducting obtained the result that together Return on Equity (ROE), Debt to Equity Ratio (DER) and Percentage of stock offer no real effect on Initial return. Return on Equity (ROE), Debt to Equity Ratio (DER) and Percentage of stock offering simultaneously, Debt to Equity Ratio (DER) partially has no effect on Initial return and the percentage of partial share offerings has no effect on the Initial return.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Lorina Siregar Sudjiman
AU  - Disman Disman
AU  - Rosmita Dewi
PY  - 2019/05
DA  - 2019/05
TI  - DER ROE, Percentage Offering of Shares and their Influences to Initial Return in its Companies Doing IPO (Empirical study on non-financial companies listed on BEI)
BT  - Proceedings of the 1st International Conference on Economics, Business, Entrepreneurship, and Finance (ICEBEF 2018)
PB  - Atlantis Press
SP  - 293
EP  - 296
SN  - 2352-5428
UR  - https://doi.org/10.2991/icebef-18.2019.66
DO  - 10.2991/icebef-18.2019.66
ID  - Sudjiman2019/05
ER  -