This study aimed to test whether there are differences in the level of underpricing between financial and non financial companies as measured by the abnormal return as well as to analyze the independent variables (age of firms, types of firms, asymmetric information and the standard deviation of price changes, and size of company) jointly and individual effect on underpricing.
Penelitian ini bertujuan untuk menguji apakah ada perbedaan tingkat underpricing antara perusahaan keuangan dan non keuangan yang diukur oleh abnormal return serta untuk menganalisis variabel independen (umur perusahaan, jenis perusahaan, asimetri informasi/standar deviasi perubahan harga, dan ukuran perusahaan) secara bersama-sama maupun secara individual berpengaruh terhadap underpricing.