ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI UNDERPRICING PADA PERUSAHAAN GO PUBLIC DI BURSA EFEK INDONESIA PERIODE 2004-2008

Initial Public Offering (IPO) is one of some ways for corporation to increase its capital stucture, with offering some percentages of corporation equity in the form of stock. This research aim to prove phenomenom of underpricing in Bursa Efek Indonesia at 2004-2008 and study the factors influencing of underpricing with object consist 42 go public companies. There are seven variables that estimate influencing of underpricing : underwriter’s reputation, auditor’s reputation, company’s age, financial leverage, risk, profit growth, and return on investment on the 15 days return after IPO. From the eight variables only risk variable have positive significant influence to underpricing.