PENGARUH RISIKO USAHA BERBASIS INFORMASI AKUNTANSI TERHADAP PREMIUM PENERBITAN SAHAM PERDANA DI INDONESIA

Abstract

The purpose of this research is to examine the impact of accounting-based business risks in prospectus to IPO
issue premium in Indonesia Capital Market (IDX). Proxies for accounting-based business risks are age of the
company, company’s size, liquidity, after tax earnings, leverage, and IPO’s offering size.
Sample of this research consists of 35 rms listed in Indonesia Capital Market (IDX) that went public during
2009 to 2010. Data for this research are taken from Pusat Referensi Pasar Modal (PRPM) located in Indonesia
Capital Market (IDX). This research found that after tax earnings and IPO’s offering size are statistically
signi cant in determining IPO issue premium.
Kewords: issue premium, accounting-based business risks, age of the company, company’s size, liquidity,
after tax earnings, leverage, and IPO’s offering size.