PRAKTEK MANAJEMEN LABA, UNDERPRICING DAN UNDERPERFORMANCE SAHAM (Studi Empiris pada Perusahaan yang IPO di Indonesia, Malaysia dan Thailand tahun 2010-2014)

YULIUS SAHAT NAULI SITOMPUL, ANDRE (2016) PRAKTEK MANAJEMEN LABA, UNDERPRICING DAN UNDERPERFORMANCE SAHAM (Studi Empiris pada Perusahaan yang IPO di Indonesia, Malaysia dan Thailand tahun 2010-2014). S2 thesis, Universitas Negeri Jakarta.

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Abstract

This study aims to look at the influence of bothearnings management accrualand the real against the underpricing as measured by initial returns day of the firstIPO companies, as well as the influence of both accrual earnings management and the real against the underperformance was 12 months after the IPO which is measured by calculating buy and hold abnormal return one year after the IPO in the country of Indonesia, Malaysia and Thailand to conduct an IPO in 2010-2014. The results of this study found that the averagepractices earnings managementof one year prior to the IPO through the accrual and real activity affect the underpricing on the first day on the stock and underperformance 12 months after the IPO in Indonesia, Malaysia, and Thailand. But in addition, this study also found no effectmanagement labasatu years before the IPOthrough real activities to underpricing on day the firston the stock and underperformance 12 months after the IPO.

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