Analisis Faktor-Faktor Yang Mempengaruhi Underpricing Saham Pada Perusahaan Non-Keuangan Di Bursa Efek Indonesia

  LAMPIRAN

  Lampiran 1

Daftar Perusahaan non-Keuangan yang Terdaftar dan

Penarikan Sampel Berdasarkan Kriteria

  Sampel 12 20 30-11-2010 Midi Utama Indonesia Tbk MIDI √ √ √ √

  Sampel 21 42 08-11-2011 Atlas Resources Tbk ARII √ √ - - 43 17-11-2011 Golden Energy Mines Tbk GEMS √ √ √ √

  Sampel 20 39 13-07-2011 Star Petrochem Tbk STAR √ √ - - 40 10-10-2011 SMR Utama Tbk SMRU √ √ - - 41 11-10-2011 Solusi Tunaa Pratama Tbk SUPR √ √ √ √

  Sampel 19 38 12-07-2011 Sidomulyo Selaras Tbk SDMU √ √ √ √

  Sampel 18 37 12-07-2011 Indo Straits Tbk PTIS √ √ √ √

  Sampel 17 33 20-06-2011 Metropolitan Land Tbk MTLA √ √ - - 34 07-07-2011 Minna Padi Investama Tbk PADI √ - - - 35 08-07-2011 Tifa Finance Tbk TIFA √ - - - 36 12-07-2011 Alkindo Naratama Tbk ALDO √ √ √ √

  Sampel 16 31 30-05-2011 Jaya Agra Wattie Tbk JAWA √ √ - - 32 09-06-2011 Salim Ivomas Pratama Tbk SIMP √ √ √ √

  Sampel 15 29 10-05-2011 HD Finance Tbk HDFA √ - - - 30 23-05-2011 Buana Listya Tama Tbk BULL √ √ √ √

  Sampel 14 22 13-12-2010 Bank Sinar Mas Tbk BSIM √ - - - 23 29-12-2010 Multifiling Mitra Indonesia Tbk MFMI √ √ - - 24 12-01-2011 Megapolitan Developments Tbk EMDE √ √ - - 25 13-01-2011 Martina Berto Tbk MBTO √ √ - - 26 11-02-2011 Garuda Indonesia (Persero) Tbk GIAA √ √ - - 27 06-04-2011 Mitrabahtera Segara Sejati Tbk MBSS √ √ - - 28 11-04-2011 Sejahteraraya Anugrahjaya Tbk SRAJ √ √ √ √

  Sampel 13 21 09-12-2010 Bumi Resources Minerals Tbk BRMS √ √ √ √

  Sampel 11 19 29-11-2010 Wintemar Pffshore Marine Tbk WINS √ √ √ √

  No. Tanggal

  BORN √ √ √ √

  Borneo Lumbung Energy dan Metal Tbk

  ICBP √ √ √ √ Sampel 8 15 26-10-2010 Tower Bersama Infrastructure Tbk TBIG √ √ √ √ Sampel 9 16 10-11-2010 Krakatau Steel Tbk KRAS √ √ - - 17 11-11-2010 Agung Podomoro Land Tbk APLN √ √ √ √ Sampel 10 18 26-11-2010

  IPOL √ √ - - 11 12-07-2010 Bukit Uluwatu Villa Tbk BUVA √ √ √ √ Sampel 5 12 19-08-2010 Berau Coal Energy Tbk BRAU √ √ √ √ Sampel 6 13 06-10-2010 Harum Energy Tbk HRUM √ √ √ √ Sampel 7 14 07-10-2010 Indofood CBP Sukses Makmur Tbk

  10 09-07-2010 Indopoly Swakarsa Industry Tbk

  Sampel 1 3 11-02-2010 Benakat Petrolium Energy Tbk BIPI √ √ - - 4 08-03-2010 Sarana Menara Nusantara Tbk TOWR √ √ - - 5 28-06-2010 Nippon Indosari Corporindo Tbk ROTI √ √ √ √ Sampel 2 6 07-07-2010 Golden Retailindo Tbk GOLD √ √ √ √ Sampel 3 7 07-07-2010 Skybee Tbk SKYB √ √ - - 8 08-07-2010 Bank Jabar Banten Tbk BJBR √ - - - 9 09-07-2010 Evergren Invesco Tbk GREN √ √ √ √ Sampel 4

  PTPP √ √ √ √

  Pembangunan Perumahan (Persero) Tbk

  1 12-01-2010 Elang Mahkota Teknologi Tbk EMTK √ √ - - 2 09-02-2010

  IPO Nama Perusahaan (PT) Kode Perusahaan Kriteria Sampel Penelitian 1 2 3 4

  Sampel 22

  

Lanjutan

Daftar Perusahaan non-Keuangan yang Terdaftar dan

Penarikan Sampel Berdasarkan Kriteria

No.

  Pelayaran Nasional Bina Buana Raya Tbk

  Sampel 40 83 24-06-2013 Acset Indonusa Tbk ACST √ √ √ √

  Sampel 39 82 17-06-2013 Sri Rejeki Isman Tbk SRIL √ √ √ √

  ISSP √ √ - - 77 25-03-2013 Dyandra Media International Tbk DYAN √ √ - - 78 08-05-2013 Austindo Nusantara Jaya Tbk ANJT √ √ - - 79 20-05-2013 Bank Nationalnobu Tbk NOBU √ - - - 80 29-05-2013 Mitra Pinasthika Mustika Tbk MPMX √ √ - - 81 14-06-2013 Dharma Satya Nusantara Tbk DSNG √ √ √ √

  76 22-02-2013 Steel Pipe Industry of Indonesia Tbk

  MAGP √ √ - - 75 20-02-2013 Trans Power Marine Tbk TPMA √ √ - -

  Sampel 38 74 16-01-2013 Multi Agro Gemilang Plantation Tbk

  SAME √ √ √ √

  Sampel 37 73 11-01-2013 Sarana Meditama Metropolitan Tbk

  BBRM √ √ - - 72 10-01-2013 Saraswati Griya Lestari Tbk HOTL √ √ √ √

  Sampel 36 69 18-11-2012 Wismilak Inti Makmur Tbk WIIM √ √ - - 70 19-12-2012 Waskita Karya (Persero) Tbk WSKT √ √ - - 71 09-01-2013

  Tanggal

  Sampel 35 66 02-11-2012 Express Transindo Utama Tbk TAXI √ √ - - 67 08-11-2012 Baramulti Suksessarana Tbk BSSR √ √ - - 68 12-11-2012 Adi Sarna Armada Tbk ASSA √ √ √ √

  Sampel 34 65 11-10-2012 Pelayaran Enlly Dwi Putri Tbk NELY √ √ √ √

  Sampel 33 63 13-09-2012 Niravana Development Tbk NIRO √ √ - - 64 08-10-2012 Provident Agro Tbk PALM √ √ √ √

  IBST √ √ √ √

  BJTM √ - - - 62 31-08-2012 Inti Bangun Sejahtera Tbk

  Bank Pembangunan Daerah Jawa Timur Tbk

  VIVA √ √ √ √ Sampel 23 45 05-12-2011 Cardig Aero Services Tbk CASS √ √ - - 46 06-12-2011 ABM Investama Tbk ABMM √ √ √ √ Sampel 24 47 14-12-2011 Erajaya Swasembada Tbk ERAA √ √ - - 48 21-12-2011 Sarana Central Bajatama Tbk BAJA √ √ - - 49 23-12-2011 Greenwood Sejahtera Tbk GWSA √ √ - - 50 12-01-2012 Tiphone Mobile Indonesia Tbk TELE √ √ √ √ Sampel 25 51 01-02-2012 Surya Esa Perkasa Tbk ESSA √ √ √ √ Sampel 26 52 10-04-2012 Bekasi Fajar Industrial Estate Tbk BEST √ √ √ √ Sampel 27 53 07-06-2012 Supra Boga Lestari Tbk RANC √ √ √ √ Sampel 28 54 28-06-2012 Trisula International Tbk TRIS √ √ - - 55 05-07-2012 Kobexindo Tractors Tbk KOBX √ √ - - 56 06-07-2012 Toba Bara Sejahtera Tbk TOBA √ √ √ √ Sampel 29 57 09-07-2012 MNC Sky Vision Tbk MSKY √ √ √ √ Sampel 30 58 10-07-2012 Tri Banyan Tirta Tbk ALTO √ √ √ √ Sampel 31 59 10-07-2012 Global Teleshop Tbk GLOB √ √ - - 60 11-07-2012 Gading Development Tbk GAMA √ √ √ √ Sampel 32 61 12-07-2012

  44 21-11-2011 Visi Media Asia Tbk

  IPO Nama Perusahaan (PT) Kode Perusahaan Kriteria Sampel Penelitian 1 2 3 4

  Sampel 41 84 26-06-2013 Saratoga Investama Sedaya Tbk SRTG √ √ - -

  

Lanjutan

Daftar Perusahaan non-Keuangan yang Terdaftar dan

Penarikan Sampel Berdasarkan Kriteria

No.

  Tanggal

  IPO Nama Perusahaan (PT) Kode Perusahaan Kriteria Sampel Penelitian 1 2 3 4

  85 27-06-2013 Nusa Raya Cipta Tbk NRCA √ √ - - 86 28-06-2013 Semen Baturaja Tbk SMBR √ √ √ √ Sampel 42 87 03-07-2013 Electronic City Indonesia Tbk EXII √ √ - - 88 08-07-2013 Bank Mestika Dharma Tbk BBMD √ - - - 89 08-07-2013 Multipolar Technology Tbk MLPT √ √ √ √ Sampel 43 90 08-07-2013 Victoria Investama Tbk

  VICO √ - - - 91 09-07-2013 Cipaganti Citra Graha Tbk CPGT √ √ - - 92 09-07-2013 Bank Mintraniaga Tbk NAGA √ - - - 93 11-07-2013 Bank Maspion Indonesia Tbk BMAS √ - - - 94 12-09-2013 Siloam International Hospitals Tbk SILO √ √ √ √ Sampel 44 95 30-10-2013 Aritama Prima Indonesia Tbk APII √ √ - - 96 08-11-2013 Grand Kartech Tbk KRAH √ √ √ √ Sampel 45 97 10-12-2013 Indomobil Multi Jasa Tbk

  IMJS √ - - - 98 11-12-2013 Logindo Samuderamakmur Tbk LEAD √ √ - - 99 12-12-2013 Sawit Sumbermas Sarana Tbk SSMS √ √ √ √ Sampel 46 100 18-12-2013

  Industri Jamu dan Farmasi Sido Muncul Tbk

  SIDO √ √ √ √

  Sampel 47

  Lampiran 2 Daftar Harga Saham Perdana dan Harga Saham Sekunder Perusahaan yang Mengalami Underpricing pada saat Initial Public Offering (IPO) No.

  06 Desember 2011 3750 3825 0.0200

  10 April 2012 170 285 0.6765

  27 BEST

  01 Februari 2012 610 910 0.4918

  26 ESSA

  12 Januari 2012 310 325 0.0484

  25 TELE

  24 ABMM

  07 Juni 2012 500 670 0.3400

  21 November 2011 300 450 0.5000

  23 VIVA

  17 November 2011 2500 2725 0.0900

  22 GEMS

  11 Oktober 2011 3400 3650 0.0735

  21 SUPR

  12 Juli 2011 225 240 0.0667

  28 RANC

  29 TOBA

  12 Juli 2011 550 1000 0.8182

  34 PALM

  37 HOTL

  12 November 2012 390 490 0.2564

  36 ASSA

  11 Oktober 2012 168 205 0.2202

  35 NELY

  08 Oktober 2012 450 470 0.0444

  31 Agustus 2012 1000 1164.85 0.1649

  06 Juli 2012 1900 2125 0.1184

  33 IBST

  11 Juli 2012 105 178 0.6952

  32 GAMA

  10 Juli 2012 210 302.34 0.4397

  31 ALTO

  09 Juli 2012 1520 1540 0.0132

  30 MSKY

  20 SOMU

  19 PTIS

  Kode Emiten Tanggal IPO Harga Perdana (Rp) Harga Penutupan (Rp) Underpricing

  5 BUVA

  8 ICBP

  06 Oktober 2010 5200 5450 0.0481

  7 HRUM

  19 Agustus 2010 400 445 0.1125

  6 BRAU

  12 Juli 2010 260 310 0.1923

  09 Juli 2010 105 178 0.6952

  9 TBIG

  4 GREN

  07 Juli 2010 350 520 0.4857

  3 GOLD

  28 Juni 2010 1250 1490 0.1920

  2 ROTI

  09 Februari 2010 560 580 0.0357

  1 PTPP

  07 Oktober 2010 5395 5950 0.1029

  26 Oktober 2010 2025 2400 0.1852

  12 Juli 2011 225 250 0.1111

  09 Desember 2010 635 700 0.1024

  18 ALDO

  09 Juni 2011 1100 1250 0.1364

  17 SIMP

  23 Mei 2011 155 166 0.0710

  16 BULL

  11 April 2011 120 163.41 0.3618

  15 SRAJ

  14 BRMS

  10 APLN

  30 November 2010 275 410 0.4909

  13 MIDI

  29 November 2010 300 355 0.1833

  12 WINS

  11 November 2010 1170 1280 0.0940

  11 BORN

  11 November 2010 365 410 0.1233

  10 Januari 2013 185 200 0.0811

  Lanjutan Daftar Harga Saham Perdana dan Harga Saham Sekunder Perusahaan yang Mengalami Underpricing pada saat Initial Public Offering (IPO) No.

  43 MLPT

  47 SIDO

  12 Desember 2013 670 720 0.0746

  46 SSMS

  08 November 2013 275 410 0.4909

  45 KRAH

  12 September 2013 9000 9650 0.0722

  44 SILO

  08 Juli 2013 480 720 0.5000

  28 Juni 2013 560 570 0.0179

  Kode Emiten Tanggal IPO Harga Perdana (Rp) Harga Penutupan (Rp) Underpricing

  42 SMBR

  24 Juni 2013 2500 2825 0.1300

  41 ACST

  17 Juni 2013 240 250 0.0417

  40 SRIL

  14 Juni 2013 1850 1870 0.0108

  39 DSNG

  11 Januari 2013 400 455 0.1375

  38 SAME

  18 Desember 2013 580 700 0.2069

  Lampiran 3

Daftar Total Aset, Total Kewajiban, Ekuitas dan Laba Setelah Pajak

Perusahaan yang Mengalami Underpricing pada saat

  

Initial Public Offering (IPO)

Kode Tanggal Total Aset Total Kewajiban Ekuitas Laba Setelah Pajak No. Emiten

  IPO (Rp) (Rp) (Rp) (Rp)

  

1 PTPP 09-02-2010 5,444,073,899,824 4,182,231,019,126 1 261842880698 201,647,908,789

  2 ROTI 28-06-2010 568,265,341,826 112,812,910,988 455,452,430,838 99,775,124,375

  3 GOLD 07-07-2010 70,005,131,296 12,491,776,314 57,513,354,982 6,025,726,192

  4 GREN 09-07-2010 553,949,522,077 88,953,491,667 464,471,030,410 2,463,369,671

  5 BUVA 12-07-2010 882,189,671,288 421,834,388,438 458,661,388,907 40,868,629,589

  6 BRAU 19-08-2010 16,645,499,000,000 12,966,294,000,000 3,196,414,000,000 794,075,000,000

  7 HRUM 06-10-2010 3,470,174,000,000 925,284,000,000 2,298,506,000,000 981,206,000,000

  8 ICBP 07-10-2010 13,361,313,000,000 3,999,132,000,000 8,919,546,000,000 1,852,229,000,000

  9 TBIG 26-10-2010 5,176,442,000,000 2,857,915,000,000 2,144,324,000,000 339,378,000,000

  

10 APLN 11-11-2010 7,564,619,668,057 3,429,716,170,244 3,851,144,340,343 282,582,512,881

  

11 BORN 11-11-2010 8,523,960,000,000 1,946,199,000,000 6,577,749,000,000 348,859,000,000

  

12 WINS 29-11-2010 2,082,542,280,000 987,427,921,000 1,053,410,579,000 133,948,651,000

  

13 MIDI 30-11-2010 1,114,803,473,543 738,782,925,914 376,020,547,629 10,203,447,477

  

14 BRMS 09-12-2010 20,096,121,017,000 2,943,462,225,000 16,720,092,070,000 1,123,110,074,000

  

15 SRAJ 11-04-2011 864,069,041,042 214,645,827,338 649,423,213,704 4,706,292,206

  

16 BULL 23-05-2011 2,148,518,426 921,106,134 1,227,412,292 940,811,328

  

17 SIMP 09-06-2011 25,510,399,000,000 10,339,209,000,000 15,171,190,000,000 2,251,296,000,000

  

18 ALDO 12-07-2011 164,522,710,978 82,739,679,642 81,783,031,336 9,242,599,523

  

19 PTIS 12-07-2011 602,670,550,000 178,398,660,000 424,271,890,000 33,547,200,000

  

20 SDMU 12-07-2011 197,859,899,299 23,840,017,307 174,019,881,992 5,968,557,541

  

21 SUPR 11-10-2011 2,844,557,829,091 1,943,590,021,938 900,967,807,153 134,320,097,145

  

22 GEMS 17-11-2011 3,320,301,908,407 480,032,031,563 2,840,269,876,844 301,659,878,383

  23 VIVA 21-11-2011 2,417,560,679,000 822,276,373,000 1,595,284,306,000 26,306,477,000

  

24 ABMM 06-12-2011 9,883,180,000,000 6,860,174,000,000 3,023,006,000,000 412,883,000,000

  

25 TELE 12-01-2012 1,358,617,000,000 250,871,000,000 1,107,746,000,000 203,624,000,000

  

26 ESSA 01-02-2012 809,490,940,000 291,900,900,000 517,590,040,000 52,118,370,000

  

27 BEST 10-04-2012 2,285,757,285,247 515,646,712,918 1,770,110,572,329 470,357,197,085

  

28 RANC 07-06-2012 570,082,177,769 210,774,601,747 359,307,576,022 36,459,746,538

  

29 TOBA 06-07-2012 2,615,265,000,000 1,505,821,930,000 1,109,443,070,000 119,326,820,000

  

30 MSKY 09-07-2012 4,939,425,000,000 2,678,517,000,000 2,260,908,000,000 81,849,000,000

  

31 ALTO 10-07-2012 324,619,954,340 135,698,070,544 188,921,883,796 16,167,317,065

  

32 GAMA 11-07-2012 1,233,713,600,734 206,411,466,948 1,027,302,133,786 6,824,491,481

  33 IBST 31-08-2012 2,155,203,153,294 907,057,618,941 1,248,145,534,353 567,172,071,038

  

34 PALM 08-10-2012 3,287,234,441,000 2,395,494,790,000 891,739,651,000 170,885,509,000

  

35 NELY 11-10-2012 431,872,162,507 115,233,803,056 316,638,359,451 59,879,630,257

  

Lanjutan

Daftar Total Aset, Total Kewajiban, Ekuitas dan Laba Setelah Pajak

Perusahaan yang Mengalami Underpricing pada saat

  

Initial Public Offering (IPO)

Kode Tanggal Total Aset Total Kewajiban Ekuitas Laba Setelah Pajak No. Emiten

  IPO (Rp) (Rp) (Rp) (Rp)

  

36 ASSA 12-11-2012 2,108,998,307,963 1,376,044,230,936 732,954,077,027 29,453,261,026

  

37 HOTL 10-01-2013 975,331,896,373 596,306,055,486 379,025,840,887 9,676,919,995

  

38 SAME 11-01-2013 377,654,879,974 244,644,203,877 133,010,676,097 46,648,727,962

  

39 DSNG 14-06-2013 5,921,055,000,000 4,242,510,000,000 1,678,545,000,000 215,696,000,000

  

40 SRIL 17-06-2013 5,590,981,794,609 3,271,382,382,624 2,319,599,411,985 329,168,211,600

  

41 ACST 24-06-2013 1,298,358,202,545 737,915,640,383 560,442,562,162 99,215,342,391

  

42 SMBR 28-06-2013 2,711,416,335,000 244,459,581,000 2,466,956,754,000 312,183,836,000

  

43 MLPT 08-07-2013 1,246,487,693,000 802,903,059,000 443,584,634,000 52,856,335,000

  

44 SILO 12-09-2013 2,600,774,537,159 961,782,758,180 1,638,991,778,979 50,192,486,904

  

45 KRAH 08-11-2013 329,229,682,963 174,290,096,531 154,939,586,432 31,763,813,704

  

46 SSMS 12-12-2013 3,701,917,491,000 1,385,647,206,000 2,316,270,285,000 631,669,026,000

  

47 SIDO 18-12-2013 2,951,507,000,000 326,051,000,000 2,625,456,000,000 405,943,000,000

  Lampiran 4

Daftar Underwriter Perusahaan yang Mengalami

  19 PTIS

  5

  PT Ciptadana Securities

  11-10-2011

  21 SUPR

  PT Makinta Securities -

  12-07-2011

  20 SDMU

  11

  PT Sinarmas Sekuritas

  12-07-2011

  37

  22 GEMS 17-11-2011 PT Sinarmas Sekuritas

  18 ALDO 12-07-2011 PT Erdikha Elit Sekuritas

  1

  10, 26, 9

  PT Kim Eng Securities, PT Deutsche Securities Indonesia, and PT Mandiri Sekuritas

  09-06-2011

  17 SIMP

  32

  PT Danatama Makmur

  23-05-2011

  16 BULL

  49

  1

  11

  PT Danatama Makmur and PT Nomura Indonesia 24, 118

  01-02-2012

  PT Mandiri Sekuritas, PT Morgan Stanley Asia 5, 31, 8

  06-07-2012

  29 TOBA

  27

  28 RANC 07-06-2012 PT Kresna Graha Sekurindo Tbk

  11

  PT Ciptadana Securities

  10-04-2012

  27 BEST

  PT Equator Securities -

  26 ESSA

  23 VIVA

  1

  3

  25 TELE 12-01-2012 PT Sinarmas Sekuritas

  1

  9, -

  PT Mandiri Sekuritas & PT Macquire Capital Securities Indonesia

  06-12-2011

  24 ABMM

  1

  PT Ciptadana Securities & PT Danatama Makmur 5, 32

  21-11-2011

  15 SRAJ 11-04-2011 PT Evergreen Capital

  09-12-2010

  

Underpricing pada saat Initial Public Offering (IPO)

No.

  1

  6 BRAU 19-08-2010 PT Danatama Makmur & PT Recapital 24, -

  13

  5 BUVA 12-07-2010 PT Danarekasa Sekuritas

  49

  PT Andalan Artha Advisindo Sekuritas

  09-07-2010

  4 GREN

  PT Dinamika Usahajaya -

  07-07-2010

  3 GOLD

  5

  06-10-2010

  PT OSK Nusadana Securities Indonesia

  28-06-2010

  2 ROTI

  1

  10, 13, -

  PT Mandiri Sekuritas, PT Danareksa Sekuritas & PT DBS Vickers Securities Indonesia

  09-02-2010

  1 PTPP

  Underwriter Dummy

  IPO

Underwriter

Peringkat

  Kode Emiten Tanggal

  7 HRUM

  PT Ciptadana Securities & PT Mandiri Sekuritas 4,10

  14 BRMS

  11-11-2010

  1

  2

  PT Indo Premier Securities

  30-11-2010

  13 MIDI

  25, 4, 3

  12 WINS 29-11-2010 PT Bahana Securities, PT Ciptadana Securities and PT CIMB Securities Indonesia

  1

  3

  PT CIMB Securities Indonesia

  11 BORN

  1

  1

  PT Indo Premier Securities & PT Mandiri Sekuritas 2, 10

  11-11-2010

  10 APLN

  34, 2

  9 TBIG 26-10-2010 PT UBS Securities Indonesia and PT Indo Premier Securities

  1

  9, 15, 30, 10

  PT Kim Eng Securities, PT Credit Suisse Securities Indonesia, PT Deutsche Securities Indonesia & PT Mandiri Sekuritas.

  07-10-2010

  8 ICBP

  1

  

Lanjutan

Daftar Underwriter Perusahaan yang Mengalami

Underpricing pada saat Initial Public Offering (IPO)

  Kode Tanggal Peringkat

  

No. Underwriter Dummy

  IPO Emiten Underwriter

  09-07-2012

  30 MSKY PT Danareksa Sekuritas and PT MNC Securities 16, 15

  10-07-2012

  31 ALTO PT Valbury Asia Securities

  22

  32 GAMA 11-07-2012 PT Andalan Artha Advisindo Sekuritas

  46 PT OSK Nusadana Securities and PT Sinarmas

  31-08-2012

  33 IBST 11, 3

  Sekuritas PT Indo Premier Securities and PT DBS Vickers

  34 PALM 08-10-2012 2, 66

  1 Securities Indonesia

  11-10-2012

  35 NELY PT Lautandhana Securindo

  14

  12-11-2012

  36 ASSA PT Bahana Securities and PT Buana Capital 15, 47

  10-01-2013

  37 HOTL PT Valbury Asia Securities

  4

  1

  38 SAME 11-01-2013 PT Lautandhana Securindo

  18

  14-06-2013

  39 DSNG PT Ciptadana Securities & PT BCA Sekuritas 10, -

  1

  17-06-2013

  40 SRIL PT Bahana Securities

  20

  24-06-2013

  41 ACST PT Kim Eng Securities

  12 PT Bahana Securities, PT Danareksa Sekuritas, &

  28-06-2013

  42 SMBR 20, 5, 3

  PT Mandiri Sekuritas

  08-07-2013

  43 MLPT PT Ciptadana Securities

  10

  1

  12-09-2013

  44 SILO PT Ciptadana Securities

  10

  1 PT Andalan Artha Advisindo Sekuritas & PT

  08-11-2013

  45 KRAH 66, 46

  Investindo Nusantara Sekuritas PT BNP Paribas Securities Indonesia, PT Mandiri

  12-12-2013

  46 SSMS

• , 3, 7 Sekuritas, & PT RHB OSK Securities Indonesia PT Kresna Graha Sekurindo Tbk. & PT Mandiri

  18-12-2013

  47 SIDO 22, 3

  Sekuritas

  Lampiran 5 Daftar Ukuran Perusahaan, Leverage,dan Return on Equity(ROE) Perusahaan yang Mengalami Underpricing pada saat Initial Public Offering (IPO) No.

  27.33 0.1847 0.1838

  19 PTIS 12-07-2011 555,727,470,000

  27.04 0.5029 0.1130

  20 SDMU 12-07-2011 143,360,714,174 25.69 0.2960 0.0791

  21 SUPR 11-10-2011 1,798,824,744,412 28.22 0.1205 0.0343

  22 GEMS 17-11-2011 1,117,269,982,457 27.74 0.6833 0.1491

  23 VIVA 21-11-2011 2,100,287,346,000 28.37 0.1446 0.1062

  24 ABMM 06-12-2011 4,890,266,000,000 29.22 0.3401 0.0165

  25 TELE 12-01-2012 1,189,437,000,000

  27.80 0.6941 0.1366

  26 ESSA 01-02-2012 739,003,010,000

  27 BEST 10-04-2012 1,643,945,423,275

  18 ALDO 12-07-2011 134,599,084,530

  28.13 0.3606 0.1007

  28 RANC 07-06-2012 404,072,915,226

  26.72 0.2256 0.2657

  29 TOBA 06-07-2012 2,252,460,850,000 28.44 0.3697 0.1015

  30 MSKY 09-07-2012 3,447,663,000,000 28.87 0.5758 0.1076

  31 ALTO 10-07-2012 213,200,517,834 26.09 0.5423 0.0362

  32 GAMA 11-07-2012 1,041,748,952,642 27.67 0.4180 0.0856

  33 IBST 31-08-2012 1,589,194,634,733 28.09 0.1673 0.0066

  34 PALM 08-10-2012 2,809,367,920,000

  28.66 0.4209 0.4544

  35 NELY 11-10-2012 304,812,483,824

  25.63 0.4053 0.1484

  30.68 0.4287 0.7665

  Kode Emiten Tanggal IPO Ukuran Perusahaan LN Ukuran Perusahan Leverage Return on

  28.46 0.7790 0.2484

  Equity (ROE)

  1 PTPP 09-02-2010 4,125,551,419,349 29.05 0.7682 0.1598

  2 ROTI 28-06-2010 346,977,673,235 26.57 0.1985 0.2191

  3 GOLD 07-07-2010 34,820,476,806 24.27 0.1784 0.1048

  4 GREN 09-07-2010 382,335,644,994

  26.67 0.1606 0.0053

  5 BUVA 12-07-2010 551,180,950,708

  27.04 0.5063 0.1604

  6 BRAU 19-08-2010 13,861,695,000,000

  30.26 0.4782 0.0891

  7 HRUM 06-10-2010 2,288,914,000,000

  8 ICBP 07-10-2010 10,223,893,000,000

  17 SIMP 09-06-2011 21,063,714,000,000

  29.96 0.2666 0.4269

  9 TBIG 26-10-2010 1,862,205,000,000 28.25 0.2993 0.2077

  10 APLN 11-11-2010 4,400,898,527,829 29.11 0.5521 0.1583

  11 BORN 11-11-2010 4,342,967,000,000 29.10 0.4534 0.0734

  12 WINS 29-11-2010 882,074,563,000 27.51 0.2283 0.0530

  13 MIDI 30-11-2010 497,279,049,225 26.93 0.4741 0.1272

  14 BRMS 09-12-2010 15,239,137,339,000 30.35 0.6627 0.0271

  15 SRAJ 11-04-2011 728,172,775,520

  27.31 0.1465 0.0672

  16 BULL 23-05-2011 2,842,850,618,000

  28.68 0.2484 0.0072

  26.44 0.7287 0.1916

  

Lanjutan

Daftar Ukuran Perusahaan, Leverage,dan Return on Equity(ROE)

Perusahaan yang Mengalami Underpricing pada saat

  27.35 0.5683 0.1770

  47 SIDO 18-12-2013 2,150,999,000,000

  28.38 0.3743 0.2727

  46 SSMS 12-12-2013 2,113,611,112,000

  26.16 0.5294 0.2050

  45 KRAH 08-11-2013 228,798,526,560

  28.09 0.3698 0.0306

  44 SILO 12-09-2013 1,586,226,018,092

  27.64 0.6441 0.1192

  43 MLPT 08-07-2013 1,004,245,994,000

  27.81 0.0902 0.1265

  42 SMBR 28-06-2013 1,198,586,407,000

  41 ACST 24-06-2013 754,771,051,363

  

Initial Public Offering (IPO)

No.

  29.08 0.5851 0.1419

  40 SRIL 17-06-2013 4,278,512,545,593

  29.27 0.7165 0.1285

  39 DSNG 14-06-2013 5,141,003,000,000

  26.40 0.6478 0.3507

  38 SAME 11-01-2013 290,779,044,158

  27.46 0.6114 0.0255

  37 HOTL 10-01-2013 843,616,944,606

  27.98 0.6525 0.0402

  36 ASSA 12-11-2012 1,421,780,986,309

  (ROE)

  Kode Emiten Tanggal IPO Ukuran Perusahaan LN Ukuran Perusahaan Leverage Return on Equity

  28.40 0.1105 0.1546

  Lampiran 6

Data Hasil Pengolahan SPSS

1.

   Analisis Statistik Deskriptif

Descriptive Statistics

  N Minimum Maximum Mean Std. Deviation Underpricing 47 .01 .82 .2248 .21538 LNukuranperusahaan

  47

  24.27 30.68 27.8804 1.31093 Underwriter

  47 1 .38 .491 Leverage 47 .09 .78 .4185 .20317 ROE 47 .01 .77 .1493 .13648 Valid N (listwise)

  47

2. Uji Asumsi Klasik

a. Uji Normalitas

  

One-Sample Kolmogorov-Smirnov Test

  Unstandardized Residual N

  47 Normal Parameters

  a,b

  Mean .0000000 Std. Deviation .91777510

  Most Extreme Differences Absolute .084 Positive .058 Negative -.084

  Test Statistic .084

  Asymp. Sig. (2-tailed) .200

  c,d a. Test distribution is Normal.

  b. Calculated from data.

  c. Lilliefors Significance Correction.

  d. This is a lower bound of the true significance.

b. Uji Heterokedastisitas

  a

Coefficients

  Standardized Unstandardized Coefficients

  Coefficients Model t Sig.

  B Std. Error Beta 1 (Constant) -1.309 2.109 -.621 .538 LNukuranperusahaan .064 .074 .143 .855 .397 Underwriter .033 .201 .028 .166 .869 LNleverage -.067 .162 -.067 -.414 .681 LNroe -.067 .086 -.122 -.774 .443

  a. Dependent Variable: ABS

c. Uji Multikolinearitas a

  

Coefficients

  Unstandardized Standardized Collinearity Coefficients Coefficients Statistics Model t Sig. B Std. Error Beta Tolerance

  VIF 1 (Constant) 5.945 3.375 1.761 .085 LNukuranperusahaan -.300 .119 -.360 -2.516 .016 .823 1.215 Underwriter -.376 .321 -.170 -1.172 .248 .805 1.242 LNleverage .016 .260 .009 .063 .950 .868 1.152 LNroe -.248 .138 -.243 -1.796 .080 .920 1.087

a. Dependent Variable: LNunderpricing d.

   Uji Autokolerasi b

Model Summary

  Adjusted R Std. Error of the Model R R Square Durbin-Watson

  Square Estimate

  a

  1 .525 .276 .205 .98120 2.258

  a. Predictors: (Constant), Lag_LNroe, Lag_LNukuranperusahaan, Underwriter, Lag_LNleverage

  b. Dependent Variable: Lag_LNunderpricing

3. Pengujian Hipotesis

a. Uji Signifikansi Simultan (Uji-F) a

  

ANOVA

Model Sum of Squares df Mean Square F Sig. b

  1 Regression 15.914 4 3.979 4.313 .005 Residual 38.746 42 .923 Total 54.661

  46

  a. Dependent Variable: LNunderpricing

  b. Predictors: (Constant), LNroe, Underwriter, LNleverage, LNukuranperusahaan

b. Uji Parsial (Uji-t) Coefficientsa

  Model Unstandardized

  Coefficients Standardized

  Coefficients t Sig. B Std. Error Beta 1 (Constant) 5.945 3.375 1.761 .085

  LNukuranperusahaan -.300 .119 -.360 -2.516 .016 Underwriter -.376 .321 -.170 -1.172 .248 LNleverage .016 .260 .009 .063 .950 LNroe -.248 .138 -.243 -1.796 .080

  a. Dependent Variable: LNunderpricing