| This research examines impact of financial and non financial variable on initial return and return after 7 days of IPO. In addition, this research also examines existence of different influence of independent variables to initial return and return after 7 days of IPO. Five independent variables consisting total asset turnover, debt to equity ratio, price earnings ratio, firm size and firm age are used in this research. Samples that used in this research are company which performed initial public offering on Indonesia stock exchange in period during 2000 to 20008. Sampling method used in this research is non probability sampling with purposive technique. This research also used the secondary data which is consist the company’s prospectus and closing stock’s price on the first day trading and the seventh day trading. This research found that total asset turnover, price earnings ratio, firm size, and firm age have significantly influenced initial return. The other result showed that total asset turnover, price earnings ratio and firm size have significantly influenced return after 7 days of IPO. The result also showed that firm age had different influence to initial return and return after 7 days of IPO. |