Prediksi Penggunaan Hasil Penawaran Saham Perdana dan Analisis Regresi Logistik

Abstract

This research stduied the fund needed by the company and analyzed the company's performance after IPO based on the financial ratio. This research was conducted on the companies conducting IPO in Jakarta stock exchange from 2004 to 2007. the sampling design employed in this research was non-probability sampling. then the sample was taken by purposive sampling techniques, and it obtain 38 companies. the resarch variables examined were dependent and independent variables. the dependent variable of this research was "the suitability" of the use of IPO yield fund based on the prospectus. the independent variables were the ROI (Return of Investment), CR (Current Ratio), DER (Debt Equity Ratio), the age of the company, and the ownership percentage, and the type of company. based on the descriptive and logistic regression analysis, the average amount of fund needed by the companies while doing IPO. The financial performance after IPO is getting more liquid; however, the company had not gained any large profit from the investment and still had short term liabilities. the financial ratio (liquidity, solvability, and profitability) can be utilized as a means to predict the use of IPO yielded fund. in addition, it was only CR and ROI that significantly affected the IPO yield fund.