Correlation Underwriter, Auditors, Profitability and Company Sizes on Stock Underpricing by Internet Communications Technology (ICT) Based Learning
Adiyath Randy Yudi Mamase(a), Naiyun Untung Pratama(a), Adi Mursalin(a), Maulana Filani Rizal(a), Lusy Tunik Muharlisiani(b*)

a) Department Management at Universitas Panca Bhakti, Pontianak, Indonesia
Jl Kom Yos Sudarso, Pontianak, Indonesia
b) Department English Education at Universitas Wijaya Kusuma Surabaya, Indonesia
Jl. Dukuh Kupang XXV/54 Surabaya, Indonesia

Abstract

The purpose of this research is to analyze correlation of underwriter, auditor, profitability and company size on stock underpricing by ICT based learning. The method used is quantitative research, the independent variables consisting of underwriter reputation (X1), auditor reputation (X2), profitability (X3) and company size (X4), and the dependent variable was underpricing (Y). Data analysis used multiple regression which begins with testing validity and reliability and performs tests of normality, multicollinearity, autocorrelation, and ICT based learning used Action Research (AR). The results showed that the three independent variables X1, X2, X3 had a negative, and X4 had a positive towards the dependent variable Y with the regression equation Y = 29.760 – 10.011X1 – 11.812X2 – 0.512X3 + 0.366X4 + e and sig value X1= 0.040, X2= 0.103, X3= 0.079 and X4= 0.750. Underwriter has influence toward stock underpricing and a good performance, implementation of ICT based learning in the subjects of stock underpricing, showed an increase in average student learning outcomes in each cycle, average student learning outcomes before the action amounted to 68.81, the first cycle 79.70 and second cycle 88.00.

Keywords: Underpricing, Underwriter, Auditor, Company Size, Internet Communications Technology

Topic: Computer and Communication Engineering