id	sid	tid	token	lemma	pos
ijtc-734	1	1	the	the	DET
ijtc-734	1	2	illomata	illomata	PROPN
ijtc-734	1	3	international	international	PROPN
ijtc-734	1	4	journal	journal	PROPN
ijtc-734	1	5	of	of	ADP
ijtc-734	1	6	management	management	NOUN
ijtc-734	1	7	ilomata	ilomata	PROPN
ijtc-734	1	8	international	international	ADJ
ijtc-734	1	9	journal	journal	NOUN
ijtc-734	1	10	of	of	ADP
ijtc-734	1	11	tax	tax	PROPN
ijtc-734	1	12	&	&	CCONJ
ijtc-734	1	13	accounting	account	VERB
ijtc-734	1	14	p	p	PROPN
ijtc-734	1	15	-	-	PUNCT
ijtc-734	1	16	issn	issn	NOUN
ijtc-734	1	17	:	:	PUNCT
ijtc-734	1	18	2714	2714	NUM
ijtc-734	1	19	-	-	SYM
ijtc-734	1	20	9838	9838	NUM
ijtc-734	1	21	;	;	PUNCT
ijtc-734	1	22	e	e	X
ijtc-734	1	23	-	-	PUNCT
ijtc-734	1	24	issn	issn	NOUN
ijtc-734	1	25	:	:	PUNCT
ijtc-734	1	26	2714	2714	NUM
ijtc-734	1	27	-	-	SYM
ijtc-734	1	28	9846	9846	NUM
ijtc-734	1	29	volume	volume	NOUN
ijtc-734	1	30	4	4	NUM
ijtc-734	1	31	,	,	PUNCT
ijtc-734	1	32	issue	issue	NOUN
ijtc-734	1	33	2	2	NUM
ijtc-734	1	34	april	april	PROPN
ijtc-734	1	35	2023	2023	NUM
ijtc-734	1	36	page	page	NOUN
ijtc-734	1	37	no	no	NOUN
ijtc-734	1	38	.	.	NOUN
ijtc-734	2	1	311	311	NUM
ijtc-734	2	2	-	-	SYM
ijtc-734	2	3	323	323	NUM
ijtc-734	2	4	311	311	NUM
ijtc-734	2	5	|	|	ADV
ijtc-734	2	6	ilomata	ilomata	PROPN
ijtc-734	2	7	international	international	ADJ
ijtc-734	2	8	journal	journal	NOUN
ijtc-734	2	9	of	of	ADP
ijtc-734	2	10	tax	tax	PROPN
ijtc-734	2	11	&	&	CCONJ
ijtc-734	2	12	accounting	accounting	PROPN
ijtc-734	2	13	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-734	2	14	reviewing	review	VERB
ijtc-734	2	15	internal	internal	ADJ
ijtc-734	2	16	variables	variable	NOUN
ijtc-734	2	17	on	on	ADP
ijtc-734	2	18	the	the	DET
ijtc-734	2	19	level	level	NOUN
ijtc-734	2	20	of	of	ADP
ijtc-734	2	21	underpricing	underpricing	NOUN
ijtc-734	2	22	of	of	ADP
ijtc-734	2	23	ipo	ipo	NOUN
ijtc-734	2	24	shares	share	NOUN
ijtc-734	2	25	(	(	PUNCT
ijtc-734	2	26	observation	observation	NOUN
ijtc-734	2	27	of	of	ADP
ijtc-734	2	28	the	the	DET
ijtc-734	2	29	company	company	NOUN
ijtc-734	2	30	go	go	VERB
ijtc-734	2	31	public	public	ADJ
ijtc-734	2	32	on	on	ADP
ijtc-734	2	33	idx	idx	NOUN
ijtc-734	2	34	2021	2021	NUM
ijtc-734	2	35	-	-	SYM
ijtc-734	2	36	2022	2022	NUM
ijtc-734	2	37	)	)	PUNCT
ijtc-734	2	38	jufri	jufri	NOUN
ijtc-734	2	39	yandes1	yandes1	NOUN
ijtc-734	2	40	,	,	PUNCT
ijtc-734	2	41	sapto	sapto	NOUN
ijtc-734	2	42	setyo	setyo	PROPN
ijtc-734	2	43	nugroho2	nugroho2	PROPN
ijtc-734	2	44	12universitas	12universitas	NUM
ijtc-734	2	45	terbuka	terbuka	PROPN
ijtc-734	2	46	,	,	PUNCT
ijtc-734	2	47	indonesia	indonesia	PROPN
ijtc-734	2	48	correspondent	correspondent	NOUN
ijtc-734	2	49	:	:	PUNCT
ijtc-734	2	50	jufriyandes@ecampus.ut.ac.id1	jufriyandes@ecampus.ut.ac.id1	ADV
ijtc-734	2	51	received	receive	VERB
ijtc-734	2	52	:	:	PUNCT
ijtc-734	2	53	february	february	PROPN
ijtc-734	2	54	3	3	NUM
ijtc-734	2	55	,	,	PUNCT
ijtc-734	2	56	2023	2023	NUM
ijtc-734	2	57	accepted	accept	VERB
ijtc-734	2	58	:	:	PUNCT
ijtc-734	2	59	april	april	PROPN
ijtc-734	2	60	16	16	NUM
ijtc-734	2	61	,	,	PUNCT
ijtc-734	2	62	2023	2023	NUM
ijtc-734	2	63	published	publish	VERB
ijtc-734	2	64	:	:	PUNCT
ijtc-734	2	65	april	april	PROPN
ijtc-734	2	66	30	30	NUM
ijtc-734	2	67	,	,	PUNCT
ijtc-734	2	68	2023	2023	NUM
ijtc-734	2	69	citation	citation	NOUN
ijtc-734	2	70	:	:	PUNCT
ijtc-734	2	71	yandes	yande	NOUN
ijtc-734	2	72	,	,	PUNCT
ijtc-734	2	73	j.	j.	PROPN
ijtc-734	2	74	&	&	CCONJ
ijtc-734	2	75	nugroho	nugroho	PROPN
ijtc-734	2	76	,	,	PUNCT
ijtc-734	2	77	s.	s.	PROPN
ijtc-734	2	78	s.	s.	PROPN
ijtc-734	2	79	(	(	PUNCT
ijtc-734	2	80	2023	2023	NUM
ijtc-734	2	81	)	)	PUNCT
ijtc-734	2	82	.	.	PUNCT
ijtc-734	3	1	reviewing	review	VERB
ijtc-734	3	2	internal	internal	ADJ
ijtc-734	3	3	variables	variable	NOUN
ijtc-734	3	4	on	on	ADP
ijtc-734	3	5	the	the	DET
ijtc-734	3	6	level	level	NOUN
ijtc-734	3	7	of	of	ADP
ijtc-734	3	8	underpricing	underpricing	NOUN
ijtc-734	3	9	of	of	ADP
ijtc-734	3	10	ipo	ipo	NOUN
ijtc-734	3	11	shares	share	NOUN
ijtc-734	3	12	(	(	PUNCT
ijtc-734	3	13	observation	observation	NOUN
ijtc-734	3	14	of	of	ADP
ijtc-734	3	15	the	the	DET
ijtc-734	3	16	company	company	NOUN
ijtc-734	3	17	go	go	VERB
ijtc-734	3	18	public	public	ADJ
ijtc-734	3	19	on	on	ADP
ijtc-734	3	20	idx	idx	NOUN
ijtc-734	3	21	2021	2021	NUM
ijtc-734	3	22	-	-	SYM
ijtc-734	3	23	2022	2022	NUM
ijtc-734	3	24	)	)	PUNCT
ijtc-734	3	25	.	.	PUNCT
ijtc-734	4	1	ilomata	ilomata	PROPN
ijtc-734	4	2	international	international	ADJ
ijtc-734	4	3	journal	journal	NOUN
ijtc-734	4	4	of	of	ADP
ijtc-734	4	5	tax	tax	NOUN
ijtc-734	4	6	and	and	CCONJ
ijtc-734	4	7	accounting	accounting	NOUN
ijtc-734	4	8	,	,	PUNCT
ijtc-734	4	9	4(2	4(2	NUM
ijtc-734	4	10	)	)	PUNCT
ijtc-734	4	11	,	,	PUNCT
ijtc-734	4	12	311	311	NUM
ijtc-734	4	13	-	-	SYM
ijtc-734	4	14	323	323	NUM
ijtc-734	4	15	.	.	PUNCT
ijtc-734	5	1	https://doi.org/10.52728/ijtc.v4i2.734	https://doi.org/10.52728/ijtc.v4i2.734	PROPN
ijtc-734	5	2	abstract	abstract	NOUN
ijtc-734	5	3	:	:	PUNCT
ijtc-734	5	4	this	this	DET
ijtc-734	5	5	research	research	NOUN
ijtc-734	5	6	study	study	NOUN
ijtc-734	5	7	was	be	AUX
ijtc-734	5	8	held	hold	VERB
ijtc-734	5	9	to	to	PART
ijtc-734	5	10	examine	examine	VERB
ijtc-734	5	11	internal	internal	ADJ
ijtc-734	5	12	variables	variable	NOUN
ijtc-734	5	13	that	that	PRON
ijtc-734	5	14	can	can	AUX
ijtc-734	5	15	determine	determine	VERB
ijtc-734	5	16	the	the	DET
ijtc-734	5	17	effect	effect	NOUN
ijtc-734	5	18	of	of	ADP
ijtc-734	5	19	stock	stock	NOUN
ijtc-734	5	20	underpricing	underprice	VERB
ijtc-734	5	21	levels	level	NOUN
ijtc-734	5	22	when	when	SCONJ
ijtc-734	5	23	conducting	conduct	VERB
ijtc-734	5	24	an	an	DET
ijtc-734	5	25	ipo	ipo	NOUN
ijtc-734	5	26	(	(	PUNCT
ijtc-734	5	27	initial	initial	ADJ
ijtc-734	5	28	public	public	ADJ
ijtc-734	5	29	offering	offering	NOUN
ijtc-734	5	30	)	)	PUNCT
ijtc-734	5	31	on	on	ADP
ijtc-734	5	32	the	the	DET
ijtc-734	5	33	idx	idx	NOUN
ijtc-734	5	34	(	(	PUNCT
ijtc-734	5	35	indonesia	indonesia	PROPN
ijtc-734	5	36	stock	stock	PROPN
ijtc-734	5	37	exchange	exchange	PROPN
ijtc-734	5	38	)	)	PUNCT
ijtc-734	5	39	20212022	20212022	NUM
ijtc-734	5	40	.	.	PUNCT
ijtc-734	6	1	internal	internal	ADJ
ijtc-734	6	2	factors	factor	NOUN
ijtc-734	6	3	include	include	VERB
ijtc-734	6	4	roe	roe	NOUN
ijtc-734	6	5	and	and	CCONJ
ijtc-734	6	6	roa	roa	PROPN
ijtc-734	6	7	.	.	PUNCT
ijtc-734	7	1	research	research	NOUN
ijtc-734	7	2	is	be	AUX
ijtc-734	7	3	quantitative	quantitative	ADJ
ijtc-734	7	4	and	and	CCONJ
ijtc-734	7	5	uses	use	VERB
ijtc-734	7	6	secondary	secondary	ADJ
ijtc-734	7	7	data	datum	NOUN
ijtc-734	7	8	,	,	PUNCT
ijtc-734	7	9	explanatory	explanatory	ADJ
ijtc-734	7	10	research	research	NOUN
ijtc-734	7	11	study	study	NOUN
ijtc-734	7	12	type	type	NOUN
ijtc-734	7	13	,	,	PUNCT
ijtc-734	7	14	using	use	VERB
ijtc-734	7	15	methods	method	NOUN
ijtc-734	7	16	by	by	ADP
ijtc-734	7	17	purposive	purposive	ADJ
ijtc-734	7	18	sampling	sampling	NOUN
ijtc-734	7	19	when	when	SCONJ
ijtc-734	7	20	determining	determine	VERB
ijtc-734	7	21	samples	sample	NOUN
ijtc-734	7	22	.	.	PUNCT
ijtc-734	8	1	the	the	DET
ijtc-734	8	2	novelty	novelty	NOUN
ijtc-734	8	3	of	of	ADP
ijtc-734	8	4	the	the	DET
ijtc-734	8	5	study	study	NOUN
ijtc-734	8	6	can	can	AUX
ijtc-734	8	7	be	be	AUX
ijtc-734	8	8	seen	see	VERB
ijtc-734	8	9	from	from	ADP
ijtc-734	8	10	the	the	DET
ijtc-734	8	11	overall	overall	ADJ
ijtc-734	8	12	data	datum	NOUN
ijtc-734	8	13	and	and	CCONJ
ijtc-734	8	14	the	the	DET
ijtc-734	8	15	latest	late	ADJ
ijtc-734	8	16	samples	sample	NOUN
ijtc-734	8	17	used	use	VERB
ijtc-734	8	18	by	by	ADP
ijtc-734	8	19	64	64	NUM
ijtc-734	8	20	issuers	issuer	NOUN
ijtc-734	8	21	and	and	CCONJ
ijtc-734	8	22	the	the	DET
ijtc-734	8	23	periods	period	NOUN
ijtc-734	8	24	used	use	VERB
ijtc-734	8	25	,	,	PUNCT
ijtc-734	8	26	namely	namely	ADV
ijtc-734	8	27	2022	2022	NUM
ijtc-734	8	28	and	and	CCONJ
ijtc-734	8	29	2021	2021	NUM
ijtc-734	8	30	.	.	PUNCT
ijtc-734	9	1	the	the	DET
ijtc-734	9	2	study	study	NOUN
ijtc-734	9	3	used	use	VERB
ijtc-734	9	4	hypothesis	hypothesis	NOUN
ijtc-734	9	5	testing	testing	NOUN
ijtc-734	9	6	methods	method	NOUN
ijtc-734	9	7	,	,	PUNCT
ijtc-734	9	8	including	include	VERB
ijtc-734	9	9	multiple	multiple	ADJ
ijtc-734	9	10	linear	linear	ADJ
ijtc-734	9	11	regression	regression	NOUN
ijtc-734	9	12	analysis	analysis	NOUN
ijtc-734	9	13	through	through	ADP
ijtc-734	9	14	the	the	DET
ijtc-734	9	15	help	help	NOUN
ijtc-734	9	16	of	of	ADP
ijtc-734	9	17	eviews	eviews	PROPN
ijtc-734	9	18	(	(	PUNCT
ijtc-734	9	19	econometric	econometric	ADJ
ijtc-734	9	20	views	view	NOUN
ijtc-734	9	21	)	)	PUNCT
ijtc-734	9	22	.	.	PUNCT
ijtc-734	10	1	the	the	DET
ijtc-734	10	2	source	source	NOUN
ijtc-734	10	3	of	of	ADP
ijtc-734	10	4	data	datum	NOUN
ijtc-734	10	5	used	use	VERB
ijtc-734	10	6	in	in	ADP
ijtc-734	10	7	this	this	DET
ijtc-734	10	8	study	study	NOUN
ijtc-734	10	9	is	be	AUX
ijtc-734	10	10	prospectus	prospectus	NOUN
ijtc-734	10	11	data	datum	NOUN
ijtc-734	10	12	issued	issue	VERB
ijtc-734	10	13	by	by	ADP
ijtc-734	10	14	companies	company	NOUN
ijtc-734	10	15	or	or	CCONJ
ijtc-734	10	16	issuers	issuer	NOUN
ijtc-734	10	17	that	that	PRON
ijtc-734	10	18	go	go	VERB
ijtc-734	10	19	public	public	ADJ
ijtc-734	10	20	with	with	ADP
ijtc-734	10	21	underwriters	underwriter	NOUN
ijtc-734	10	22	.	.	PUNCT
ijtc-734	11	1	the	the	DET
ijtc-734	11	2	calculation	calculation	NOUN
ijtc-734	11	3	results	result	NOUN
ijtc-734	11	4	obtained	obtain	VERB
ijtc-734	11	5	partially	partially	ADV
ijtc-734	11	6	produce	produce	VERB
ijtc-734	11	7	roe	roe	NOUN
ijtc-734	11	8	and	and	CCONJ
ijtc-734	11	9	roa	roa	PROPN
ijtc-734	11	10	variables	variable	NOUN
ijtc-734	11	11	have	have	VERB
ijtc-734	11	12	a	a	DET
ijtc-734	11	13	significant	significant	ADJ
ijtc-734	11	14	influence	influence	NOUN
ijtc-734	11	15	on	on	ADP
ijtc-734	11	16	the	the	DET
ijtc-734	11	17	level	level	NOUN
ijtc-734	11	18	of	of	ADP
ijtc-734	11	19	underpricing	underpricing	NOUN
ijtc-734	11	20	in	in	ADP
ijtc-734	11	21	ipo	ipo	NOUN
ijtc-734	11	22	shares	share	NOUN
ijtc-734	11	23	,	,	PUNCT
ijtc-734	11	24	and	and	CCONJ
ijtc-734	11	25	simultaneous	simultaneous	ADJ
ijtc-734	11	26	results	result	NOUN
ijtc-734	11	27	show	show	VERB
ijtc-734	11	28	that	that	SCONJ
ijtc-734	11	29	roe	roe	PROPN
ijtc-734	11	30	and	and	CCONJ
ijtc-734	11	31	roa	roa	PROPN
ijtc-734	11	32	variables	variable	NOUN
ijtc-734	11	33	together	together	ADV
ijtc-734	11	34	have	have	VERB
ijtc-734	11	35	a	a	DET
ijtc-734	11	36	significant	significant	ADJ
ijtc-734	11	37	effect	effect	NOUN
ijtc-734	11	38	on	on	ADP
ijtc-734	11	39	the	the	DET
ijtc-734	11	40	level	level	NOUN
ijtc-734	11	41	of	of	ADP
ijtc-734	11	42	underpricing	underpricing	NOUN
ijtc-734	11	43	of	of	ADP
ijtc-734	11	44	ipo	ipo	NOUN
ijtc-734	11	45	shares	share	NOUN
ijtc-734	11	46	.	.	PUNCT
ijtc-734	12	1	the	the	DET
ijtc-734	12	2	result	result	NOUN
ijtc-734	12	3	of	of	ADP
ijtc-734	12	4	a	a	DET
ijtc-734	12	5	positive	positive	ADJ
ijtc-734	12	6	value	value	NOUN
ijtc-734	12	7	coefficient	coefficient	NOUN
ijtc-734	12	8	is	be	AUX
ijtc-734	12	9	obtained	obtain	VERB
ijtc-734	12	10	at	at	ADP
ijtc-734	12	11	the	the	DET
ijtc-734	12	12	ipo	ipo	PROPN
ijtc-734	12	13	stock	stock	NOUN
ijtc-734	12	14	underpricing	underprice	VERB
ijtc-734	12	15	level	level	NOUN
ijtc-734	12	16	,	,	PUNCT
ijtc-734	12	17	then	then	ADV
ijtc-734	12	18	the	the	DET
ijtc-734	12	19	roe	roe	PROPN
ijtc-734	12	20	variable	variable	NOUN
ijtc-734	12	21	has	have	VERB
ijtc-734	12	22	a	a	DET
ijtc-734	12	23	negative	negative	ADJ
ijtc-734	12	24	coefficient	coefficient	NOUN
ijtc-734	12	25	and	and	CCONJ
ijtc-734	12	26	the	the	DET
ijtc-734	12	27	roa	roa	PROPN
ijtc-734	12	28	coefficient	coefficient	NOUN
ijtc-734	12	29	is	be	AUX
ijtc-734	12	30	positive	positive	ADJ
ijtc-734	12	31	,	,	PUNCT
ijtc-734	12	32	this	this	PRON
ijtc-734	12	33	is	be	AUX
ijtc-734	12	34	interpreted	interpret	VERB
ijtc-734	12	35	by	by	ADP
ijtc-734	12	36	the	the	DET
ijtc-734	12	37	increase	increase	NOUN
ijtc-734	12	38	in	in	ADP
ijtc-734	12	39	the	the	DET
ijtc-734	12	40	roe	roe	NOUN
ijtc-734	12	41	value	value	NOUN
ijtc-734	12	42	,	,	PUNCT
ijtc-734	12	43	the	the	DET
ijtc-734	12	44	stock	stock	NOUN
ijtc-734	12	45	underpricing	underprice	VERB
ijtc-734	12	46	level	level	NOUN
ijtc-734	12	47	will	will	AUX
ijtc-734	12	48	decrease	decrease	VERB
ijtc-734	12	49	and	and	CCONJ
ijtc-734	12	50	apply	apply	VERB
ijtc-734	12	51	to	to	ADP
ijtc-734	12	52	vice	vice	NOUN
ijtc-734	12	53	versa	versa	ADV
ijtc-734	12	54	,	,	PUNCT
ijtc-734	12	55	and	and	CCONJ
ijtc-734	12	56	for	for	ADP
ijtc-734	12	57	the	the	DET
ijtc-734	12	58	roa	roa	PROPN
ijtc-734	12	59	variable	variable	NOUN
ijtc-734	12	60	that	that	PRON
ijtc-734	12	61	has	have	VERB
ijtc-734	12	62	a	a	DET
ijtc-734	12	63	positive	positive	ADJ
ijtc-734	12	64	coefficient	coefficient	NOUN
ijtc-734	12	65	means	mean	VERB
ijtc-734	12	66	that	that	SCONJ
ijtc-734	12	67	the	the	PRON
ijtc-734	12	68	more	more	ADV
ijtc-734	12	69	the	the	DET
ijtc-734	12	70	roa	roa	NOUN
ijtc-734	12	71	value	value	NOUN
ijtc-734	12	72	increases	increase	NOUN
ijtc-734	12	73	,	,	PUNCT
ijtc-734	12	74	the	the	DET
ijtc-734	12	75	stock	stock	NOUN
ijtc-734	12	76	underpricing	underprice	VERB
ijtc-734	12	77	level	level	NOUN
ijtc-734	12	78	will	will	AUX
ijtc-734	12	79	also	also	ADV
ijtc-734	12	80	increase	increase	VERB
ijtc-734	12	81	and	and	CCONJ
ijtc-734	12	82	vice	vice	ADV
ijtc-734	12	83	versa	versa	ADV
ijtc-734	12	84	.	.	PUNCT
ijtc-734	13	1	keywords	keyword	NOUN
ijtc-734	13	2	:	:	PUNCT
ijtc-734	13	3	initial	initial	ADJ
ijtc-734	13	4	public	public	ADJ
ijtc-734	13	5	offering	offering	NOUN
ijtc-734	13	6	,	,	PUNCT
ijtc-734	13	7	roa	roa	PROPN
ijtc-734	13	8	,	,	PUNCT
ijtc-734	13	9	roe	roe	NOUN
ijtc-734	13	10	,	,	PUNCT
ijtc-734	13	11	stock	stock	NOUN
ijtc-734	13	12	,	,	PUNCT
ijtc-734	13	13	underpricing	underprice	VERB
ijtc-734	13	14	this	this	PRON
ijtc-734	13	15	is	be	AUX
ijtc-734	13	16	an	an	DET
ijtc-734	13	17	open	open	ADJ
ijtc-734	13	18	access	access	NOUN
ijtc-734	13	19	article	article	NOUN
ijtc-734	13	20	under	under	ADP
ijtc-734	13	21	the	the	DET
ijtc-734	13	22	cc	cc	NOUN
ijtc-734	13	23	-	-	PUNCT
ijtc-734	13	24	by	by	ADP
ijtc-734	13	25	4.0	4.0	NUM
ijtc-734	13	26	license	license	NOUN
ijtc-734	13	27	.	.	PUNCT
ijtc-734	14	1	introduction	introduction	NOUN
ijtc-734	14	2	capital	capital	NOUN
ijtc-734	14	3	utilization	utilization	NOUN
ijtc-734	14	4	is	be	AUX
ijtc-734	14	5	very	very	ADV
ijtc-734	14	6	important	important	ADJ
ijtc-734	14	7	in	in	ADP
ijtc-734	14	8	the	the	DET
ijtc-734	14	9	survival	survival	NOUN
ijtc-734	14	10	of	of	ADP
ijtc-734	14	11	a	a	DET
ijtc-734	14	12	company	company	NOUN
ijtc-734	14	13	.	.	PUNCT
ijtc-734	15	1	the	the	DET
ijtc-734	15	2	company	company	NOUN
ijtc-734	15	3	will	will	AUX
ijtc-734	15	4	carry	carry	VERB
ijtc-734	15	5	out	out	ADP
ijtc-734	15	6	various	various	ADJ
ijtc-734	15	7	activities	activity	NOUN
ijtc-734	15	8	to	to	PART
ijtc-734	15	9	meet	meet	VERB
ijtc-734	15	10	capital	capital	NOUN
ijtc-734	15	11	requirements	requirement	NOUN
ijtc-734	15	12	,	,	PUNCT
ijtc-734	15	13	including	include	VERB
ijtc-734	15	14	one	one	NUM
ijtc-734	15	15	of	of	ADP
ijtc-734	15	16	the	the	DET
ijtc-734	15	17	quantities	quantity	NOUN
ijtc-734	15	18	of	of	ADP
ijtc-734	15	19	share	share	NOUN
ijtc-734	15	20	ownership	ownership	NOUN
ijtc-734	15	21	.	.	PUNCT
ijtc-734	16	1	increasing	increase	VERB
ijtc-734	16	2	share	share	NOUN
ijtc-734	16	3	control	control	NOUN
ijtc-734	16	4	of	of	ADP
ijtc-734	16	5	a	a	DET
ijtc-734	16	6	company	company	NOUN
ijtc-734	16	7	can	can	AUX
ijtc-734	16	8	be	be	AUX
ijtc-734	16	9	done	do	VERB
ijtc-734	16	10	through	through	ADP
ijtc-734	16	11	offering	offer	VERB
ijtc-734	16	12	to	to	ADP
ijtc-734	16	13	existing	exist	VERB
ijtc-734	16	14	shareholders	shareholder	NOUN
ijtc-734	16	15	of	of	ADP
ijtc-734	16	16	stock	stock	NOUN
ijtc-734	16	17	securities	security	NOUN
ijtc-734	16	18	,	,	PUNCT
ijtc-734	16	19	as	as	ADV
ijtc-734	16	20	well	well	ADV
ijtc-734	16	21	as	as	ADP
ijtc-734	16	22	through	through	ADP
ijtc-734	16	23	stock	stock	NOUN
ijtc-734	16	24	offering	offering	NOUN
ijtc-734	16	25	activities	activity	NOUN
ijtc-734	16	26	to	to	ADP
ijtc-734	16	27	the	the	DET
ijtc-734	16	28	public	public	NOUN
ijtc-734	16	29	.	.	PUNCT
ijtc-734	17	1	the	the	DET
ijtc-734	17	2	process	process	NOUN
ijtc-734	17	3	of	of	ADP
ijtc-734	17	4	offering	offer	VERB
ijtc-734	17	5	several	several	ADJ
ijtc-734	17	6	amounts	amount	NOUN
ijtc-734	17	7	of	of	ADP
ijtc-734	17	8	the	the	DET
ijtc-734	17	9	company	company	NOUN
ijtc-734	17	10	's	's	PART
ijtc-734	17	11	shares	share	NOUN
ijtc-734	17	12	to	to	ADP
ijtc-734	17	13	the	the	DET
ijtc-734	17	14	public	public	NOUN
ijtc-734	17	15	or	or	CCONJ
ijtc-734	17	16	the	the	DET
ijtc-734	17	17	public	public	NOUN
ijtc-734	17	18	through	through	ADP
ijtc-734	17	19	idx	idx	ADJ
ijtc-734	17	20	intermediaries	intermediary	NOUN
ijtc-734	17	21	is	be	AUX
ijtc-734	17	22	known	know	VERB
ijtc-734	17	23	as	as	ADP
ijtc-734	17	24	going	go	VERB
ijtc-734	17	25	public	public	ADJ
ijtc-734	17	26	.	.	PUNCT
ijtc-734	18	1	a	a	DET
ijtc-734	18	2	company	company	NOUN
ijtc-734	18	3	that	that	PRON
ijtc-734	18	4	conducts	conduct	VERB
ijtc-734	18	5	a	a	DET
ijtc-734	18	6	share	share	NOUN
ijtc-734	18	7	offering	offering	NOUN
ijtc-734	18	8	is	be	AUX
ijtc-734	18	9	known	know	VERB
ijtc-734	18	10	as	as	ADP
ijtc-734	18	11	an	an	DET
ijtc-734	18	12	issuer	issuer	NOUN
ijtc-734	18	13	,	,	PUNCT
ijtc-734	18	14	while	while	SCONJ
ijtc-734	18	15	stock	stock	NOUN
ijtc-734	18	16	bookers	booker	NOUN
ijtc-734	18	17	are	be	AUX
ijtc-734	18	18	known	know	VERB
ijtc-734	18	19	as	as	ADP
ijtc-734	18	20	investors	investor	NOUN
ijtc-734	18	21	.	.	PUNCT
ijtc-734	19	1	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADV
ijtc-734	19	2	mailto:jufriyandes@ecampus.ut.ac.id	mailto:jufriyandes@ecampus.ut.ac.id	ADJ
ijtc-734	19	3	https://doi.org/10.52728/ijtc.v4i2.734	https://doi.org/10.52728/ijtc.v4i2.734	ADJ
ijtc-734	19	4	reviewing	review	VERB
ijtc-734	19	5	internal	internal	ADJ
ijtc-734	19	6	variables	variable	NOUN
ijtc-734	19	7	on	on	ADP
ijtc-734	19	8	the	the	DET
ijtc-734	19	9	level	level	NOUN
ijtc-734	19	10	of	of	ADP
ijtc-734	19	11	underpricing	underpricing	NOUN
ijtc-734	19	12	of	of	ADP
ijtc-734	19	13	ipo	ipo	NOUN
ijtc-734	19	14	shares	share	NOUN
ijtc-734	19	15	(	(	PUNCT
ijtc-734	19	16	observation	observation	NOUN
ijtc-734	19	17	of	of	ADP
ijtc-734	19	18	the	the	DET
ijtc-734	19	19	company	company	NOUN
ijtc-734	19	20	go	go	VERB
ijtc-734	19	21	public	public	ADJ
ijtc-734	19	22	on	on	ADP
ijtc-734	19	23	idx	idx	NOUN
ijtc-734	19	24	2021	2021	NUM
ijtc-734	19	25	-	-	SYM
ijtc-734	19	26	2022	2022	NUM
ijtc-734	19	27	)	)	PUNCT
ijtc-734	19	28	yandes	yande	NOUN
ijtc-734	19	29	and	and	CCONJ
ijtc-734	19	30	nugroho	nugroho	NOUN
ijtc-734	19	31	312	312	NUM
ijtc-734	19	32	|	|	NOUN
ijtc-734	19	33	ilomata	ilomata	PROPN
ijtc-734	19	34	international	international	ADJ
ijtc-734	19	35	journal	journal	NOUN
ijtc-734	19	36	of	of	ADP
ijtc-734	19	37	tax	tax	PROPN
ijtc-734	19	38	&	&	CCONJ
ijtc-734	19	39	accounting	accounting	PROPN
ijtc-734	19	40	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADV
ijtc-734	19	41	the	the	DET
ijtc-734	19	42	process	process	NOUN
ijtc-734	19	43	of	of	ADP
ijtc-734	19	44	this	this	DET
ijtc-734	19	45	activity	activity	NOUN
ijtc-734	19	46	is	be	AUX
ijtc-734	19	47	known	know	VERB
ijtc-734	19	48	as	as	ADP
ijtc-734	19	49	a	a	DET
ijtc-734	19	50	public	public	ADJ
ijtc-734	19	51	offering	offering	NOUN
ijtc-734	19	52	in	in	ADP
ijtc-734	19	53	the	the	DET
ijtc-734	19	54	initial	initial	ADJ
ijtc-734	19	55	or	or	CCONJ
ijtc-734	19	56	initial	initial	ADJ
ijtc-734	19	57	share	share	NOUN
ijtc-734	19	58	sale	sale	NOUN
ijtc-734	19	59	which	which	PRON
ijtc-734	19	60	we	we	PRON
ijtc-734	19	61	commonly	commonly	ADV
ijtc-734	19	62	refer	refer	VERB
ijtc-734	19	63	to	to	ADP
ijtc-734	19	64	as	as	ADP
ijtc-734	19	65	an	an	DET
ijtc-734	19	66	ipo	ipo	NOUN
ijtc-734	19	67	,	,	PUNCT
ijtc-734	19	68	and	and	CCONJ
ijtc-734	19	69	the	the	DET
ijtc-734	19	70	forum	forum	NOUN
ijtc-734	19	71	to	to	PART
ijtc-734	19	72	accommodate	accommodate	VERB
ijtc-734	19	73	ipo	ipo	NOUN
ijtc-734	19	74	activities	activity	NOUN
ijtc-734	19	75	is	be	AUX
ijtc-734	19	76	called	call	VERB
ijtc-734	19	77	the	the	DET
ijtc-734	19	78	capital	capital	NOUN
ijtc-734	19	79	market	market	NOUN
ijtc-734	19	80	.	.	PUNCT
ijtc-734	20	1	the	the	DET
ijtc-734	20	2	capital	capital	NOUN
ijtc-734	20	3	market	market	NOUN
ijtc-734	20	4	is	be	AUX
ijtc-734	20	5	divided	divide	VERB
ijtc-734	20	6	into	into	ADP
ijtc-734	20	7	two	two	NUM
ijtc-734	20	8	activities	activity	NOUN
ijtc-734	20	9	in	in	ADP
ijtc-734	20	10	it	it	PRON
ijtc-734	20	11	,	,	PUNCT
ijtc-734	20	12	the	the	DET
ijtc-734	20	13	first	first	ADJ
ijtc-734	20	14	activity	activity	NOUN
ijtc-734	20	15	is	be	AUX
ijtc-734	20	16	carried	carry	VERB
ijtc-734	20	17	out	out	ADP
ijtc-734	20	18	in	in	ADP
ijtc-734	20	19	the	the	DET
ijtc-734	20	20	primary	primary	ADJ
ijtc-734	20	21	market	market	NOUN
ijtc-734	20	22	,	,	PUNCT
ijtc-734	20	23	and	and	CCONJ
ijtc-734	20	24	then	then	ADV
ijtc-734	20	25	the	the	DET
ijtc-734	20	26	second	second	ADJ
ijtc-734	20	27	activity	activity	NOUN
ijtc-734	20	28	is	be	AUX
ijtc-734	20	29	that	that	SCONJ
ijtc-734	20	30	shares	share	NOUN
ijtc-734	20	31	can	can	AUX
ijtc-734	20	32	be	be	AUX
ijtc-734	20	33	bought	buy	VERB
ijtc-734	20	34	and	and	CCONJ
ijtc-734	20	35	sold	sell	VERB
ijtc-734	20	36	through	through	ADP
ijtc-734	20	37	idx	idx	NOUN
ijtc-734	20	38	intermediaries	intermediary	NOUN
ijtc-734	20	39	or	or	CCONJ
ijtc-734	20	40	in	in	ADP
ijtc-734	20	41	the	the	DET
ijtc-734	20	42	second	second	ADJ
ijtc-734	20	43	or	or	CCONJ
ijtc-734	20	44	secondary	secondary	ADJ
ijtc-734	20	45	market	market	NOUN
ijtc-734	20	46	(	(	PUNCT
ijtc-734	20	47	secondary	secondary	ADJ
ijtc-734	20	48	market	market	NOUN
ijtc-734	20	49	)	)	PUNCT
ijtc-734	20	50	.	.	PUNCT
ijtc-734	21	1	the	the	DET
ijtc-734	21	2	price	price	NOUN
ijtc-734	21	3	value	value	NOUN
ijtc-734	21	4	formed	form	VERB
ijtc-734	21	5	in	in	ADP
ijtc-734	21	6	shares	share	NOUN
ijtc-734	21	7	when	when	SCONJ
ijtc-734	21	8	in	in	ADP
ijtc-734	21	9	the	the	DET
ijtc-734	21	10	primary	primary	ADJ
ijtc-734	21	11	market	market	NOUN
ijtc-734	21	12	is	be	AUX
ijtc-734	21	13	based	base	VERB
ijtc-734	21	14	on	on	ADP
ijtc-734	21	15	the	the	DET
ijtc-734	21	16	time	time	NOUN
ijtc-734	21	17	of	of	ADP
ijtc-734	21	18	a	a	DET
ijtc-734	21	19	joint	joint	ADJ
ijtc-734	21	20	agreement	agreement	NOUN
ijtc-734	21	21	with	with	ADP
ijtc-734	21	22	the	the	DET
ijtc-734	21	23	underwriter	underwriter	NOUN
ijtc-734	21	24	(	(	PUNCT
ijtc-734	21	25	underwriter	underwriter	NOUN
ijtc-734	21	26	)	)	PUNCT
ijtc-734	21	27	and	and	CCONJ
ijtc-734	21	28	the	the	DET
ijtc-734	21	29	issuer	issuer	NOUN
ijtc-734	21	30	itself	itself	PRON
ijtc-734	21	31	,	,	PUNCT
ijtc-734	21	32	the	the	DET
ijtc-734	21	33	underwriter	underwriter	NOUN
ijtc-734	21	34	itself	itself	PRON
ijtc-734	21	35	is	be	AUX
ijtc-734	21	36	chosen	choose	VERB
ijtc-734	21	37	at	at	ADP
ijtc-734	21	38	the	the	DET
ijtc-734	21	39	discretion	discretion	NOUN
ijtc-734	21	40	of	of	ADP
ijtc-734	21	41	the	the	DET
ijtc-734	21	42	issuer	issuer	NOUN
ijtc-734	21	43	,	,	PUNCT
ijtc-734	21	44	while	while	SCONJ
ijtc-734	21	45	the	the	DET
ijtc-734	21	46	formation	formation	NOUN
ijtc-734	21	47	of	of	ADP
ijtc-734	21	48	share	share	NOUN
ijtc-734	21	49	prices	price	NOUN
ijtc-734	21	50	in	in	ADP
ijtc-734	21	51	the	the	DET
ijtc-734	21	52	secondary	secondary	ADJ
ijtc-734	21	53	market	market	NOUN
ijtc-734	21	54	is	be	AUX
ijtc-734	21	55	determined	determine	VERB
ijtc-734	21	56	when	when	SCONJ
ijtc-734	21	57	the	the	DET
ijtc-734	21	58	market	market	NOUN
ijtc-734	21	59	mechanism	mechanism	NOUN
ijtc-734	21	60	process	process	NOUN
ijtc-734	21	61	occurs	occur	VERB
ijtc-734	21	62	(	(	PUNCT
ijtc-734	21	63	based	base	VERB
ijtc-734	21	64	on	on	ADP
ijtc-734	21	65	demand	demand	NOUN
ijtc-734	21	66	&	&	CCONJ
ijtc-734	21	67	supply	supply	NOUN
ijtc-734	21	68	)	)	PUNCT
ijtc-734	21	69	.	.	PUNCT
ijtc-734	22	1	in	in	ADP
ijtc-734	22	2	its	its	PRON
ijtc-734	22	3	realization	realization	NOUN
ijtc-734	22	4	during	during	ADP
ijtc-734	22	5	price	price	NOUN
ijtc-734	22	6	formation	formation	NOUN
ijtc-734	22	7	,	,	PUNCT
ijtc-734	22	8	there	there	PRON
ijtc-734	22	9	is	be	VERB
ijtc-734	22	10	a	a	DET
ijtc-734	22	11	state	state	NOUN
ijtc-734	22	12	of	of	ADP
ijtc-734	22	13	price	price	NOUN
ijtc-734	22	14	comparison	comparison	NOUN
ijtc-734	22	15	in	in	ADP
ijtc-734	22	16	stocks	stock	NOUN
ijtc-734	22	17	,	,	PUNCT
ijtc-734	22	18	when	when	SCONJ
ijtc-734	22	19	in	in	ADP
ijtc-734	22	20	the	the	DET
ijtc-734	22	21	first	first	ADJ
ijtc-734	22	22	or	or	CCONJ
ijtc-734	22	23	primary	primary	ADJ
ijtc-734	22	24	market	market	NOUN
ijtc-734	22	25	or	or	CCONJ
ijtc-734	22	26	in	in	ADP
ijtc-734	22	27	the	the	DET
ijtc-734	22	28	second	second	ADJ
ijtc-734	22	29	or	or	CCONJ
ijtc-734	22	30	secondary	secondary	ADJ
ijtc-734	22	31	market	market	NOUN
ijtc-734	22	32	.	.	PUNCT
ijtc-734	23	1	if	if	SCONJ
ijtc-734	23	2	the	the	DET
ijtc-734	23	3	price	price	NOUN
ijtc-734	23	4	of	of	ADP
ijtc-734	23	5	shares	share	NOUN
ijtc-734	23	6	during	during	ADP
ijtc-734	23	7	the	the	DET
ijtc-734	23	8	ipo	ipo	NOUN
ijtc-734	23	9	process	process	NOUN
ijtc-734	23	10	is	be	AUX
ijtc-734	23	11	below	below	ADV
ijtc-734	23	12	and	and	CCONJ
ijtc-734	23	13	then	then	ADV
ijtc-734	23	14	compared	compare	VERB
ijtc-734	23	15	with	with	ADP
ijtc-734	23	16	the	the	DET
ijtc-734	23	17	price	price	NOUN
ijtc-734	23	18	value	value	NOUN
ijtc-734	23	19	of	of	ADP
ijtc-734	23	20	shares	share	NOUN
ijtc-734	23	21	when	when	SCONJ
ijtc-734	23	22	in	in	ADP
ijtc-734	23	23	the	the	DET
ijtc-734	23	24	secondary	secondary	ADJ
ijtc-734	23	25	market	market	NOUN
ijtc-734	23	26	until	until	ADP
ijtc-734	23	27	the	the	DET
ijtc-734	23	28	closing	closing	NOUN
ijtc-734	23	29	of	of	ADP
ijtc-734	23	30	exchange	exchange	NOUN
ijtc-734	23	31	trading	trading	NOUN
ijtc-734	23	32	on	on	ADP
ijtc-734	23	33	the	the	DET
ijtc-734	23	34	first	first	ADJ
ijtc-734	23	35	day	day	NOUN
ijtc-734	23	36	,	,	PUNCT
ijtc-734	23	37	so	so	SCONJ
ijtc-734	23	38	that	that	SCONJ
ijtc-734	23	39	it	it	PRON
ijtc-734	23	40	can	can	AUX
ijtc-734	23	41	be	be	AUX
ijtc-734	23	42	ascertained	ascertain	VERB
ijtc-734	23	43	that	that	SCONJ
ijtc-734	23	44	underpricing	underprice	VERB
ijtc-734	23	45	conditions	condition	NOUN
ijtc-734	23	46	have	have	AUX
ijtc-734	23	47	been	be	AUX
ijtc-734	23	48	created	create	VERB
ijtc-734	23	49	,	,	PUNCT
ijtc-734	23	50	and	and	CCONJ
ijtc-734	23	51	when	when	SCONJ
ijtc-734	23	52	conditions	condition	NOUN
ijtc-734	23	53	occur	occur	VERB
ijtc-734	23	54	otherwise	otherwise	ADV
ijtc-734	23	55	it	it	PRON
ijtc-734	23	56	is	be	AUX
ijtc-734	23	57	called	call	VERB
ijtc-734	23	58	overpricing	overprice	VERB
ijtc-734	23	59	.	.	PUNCT
ijtc-734	24	1	it	it	PRON
ijtc-734	24	2	can	can	AUX
ijtc-734	24	3	be	be	AUX
ijtc-734	24	4	observed	observe	VERB
ijtc-734	24	5	from	from	ADP
ijtc-734	24	6	the	the	DET
ijtc-734	24	7	table	table	NOUN
ijtc-734	24	8	below	below	ADP
ijtc-734	24	9	that	that	PRON
ijtc-734	24	10	in	in	ADP
ijtc-734	24	11	2022	2022	NUM
ijtc-734	24	12	and	and	CCONJ
ijtc-734	24	13	2021	2021	NUM
ijtc-734	24	14	it	it	PRON
ijtc-734	24	15	is	be	AUX
ijtc-734	24	16	known	know	VERB
ijtc-734	24	17	that	that	SCONJ
ijtc-734	24	18	there	there	PRON
ijtc-734	24	19	are	be	VERB
ijtc-734	24	20	112	112	NUM
ijtc-734	24	21	companies	company	NOUN
ijtc-734	24	22	that	that	PRON
ijtc-734	24	23	carry	carry	VERB
ijtc-734	24	24	out	out	ADP
ijtc-734	24	25	ipos	ipos	NOUN
ijtc-734	24	26	,	,	PUNCT
ijtc-734	24	27	of	of	ADP
ijtc-734	24	28	which	which	PRON
ijtc-734	24	29	a	a	DET
ijtc-734	24	30	total	total	NOUN
ijtc-734	24	31	of	of	ADP
ijtc-734	24	32	only	only	ADV
ijtc-734	24	33	45	45	NUM
ijtc-734	24	34	companies	company	NOUN
ijtc-734	24	35	are	be	AUX
ijtc-734	24	36	underpricing	underprice	VERB
ijtc-734	24	37	in	in	ADP
ijtc-734	24	38	2021	2021	NUM
ijtc-734	24	39	and	and	CCONJ
ijtc-734	24	40	47	47	NUM
ijtc-734	24	41	companies	company	NOUN
ijtc-734	24	42	in	in	ADP
ijtc-734	24	43	2022	2022	NUM
ijtc-734	24	44	so	so	SCONJ
ijtc-734	24	45	that	that	SCONJ
ijtc-734	24	46	a	a	DET
ijtc-734	24	47	total	total	NOUN
ijtc-734	24	48	of	of	ADP
ijtc-734	24	49	92	92	NUM
ijtc-734	24	50	companies	company	NOUN
ijtc-734	24	51	are	be	AUX
ijtc-734	24	52	underpricing	underprice	VERB
ijtc-734	24	53	.	.	PUNCT
ijtc-734	25	1	if	if	SCONJ
ijtc-734	25	2	ratio	ratio	NOUN
ijtc-734	25	3	,	,	PUNCT
ijtc-734	25	4	the	the	DET
ijtc-734	25	5	underpricing	underprice	VERB
ijtc-734	25	6	company	company	NOUN
ijtc-734	25	7	amounted	amount	VERB
ijtc-734	25	8	to	to	ADP
ijtc-734	25	9	82.14	82.14	NUM
ijtc-734	25	10	%	%	NOUN
ijtc-734	25	11	of	of	ADP
ijtc-734	25	12	the	the	DET
ijtc-734	25	13	total	total	ADJ
ijtc-734	25	14	companies	company	NOUN
ijtc-734	25	15	that	that	PRON
ijtc-734	25	16	carried	carry	VERB
ijtc-734	25	17	out	out	ADP
ijtc-734	25	18	ipos	ipos	NOUN
ijtc-734	25	19	from	from	ADP
ijtc-734	25	20	2021	2021	NUM
ijtc-734	25	21	to	to	ADP
ijtc-734	25	22	2022	2022	NUM
ijtc-734	25	23	.	.	PUNCT
ijtc-734	26	1	table	table	NOUN
ijtc-734	26	2	1	1	NUM
ijtc-734	26	3	.	.	PUNCT
ijtc-734	26	4	number	number	NOUN
ijtc-734	26	5	of	of	ADP
ijtc-734	26	6	ipo	ipo	NOUN
ijtc-734	26	7	companies	company	NOUN
ijtc-734	26	8	for	for	ADP
ijtc-734	26	9	the	the	DET
ijtc-734	26	10	2021	2021	NUM
ijtc-734	26	11	-	-	SYM
ijtc-734	26	12	2022	2022	NUM
ijtc-734	26	13	period	period	NOUN
ijtc-734	26	14	source	source	NOUN
ijtc-734	26	15	:	:	PUNCT
ijtc-734	26	16	(	(	PUNCT
ijtc-734	26	17	bursa	bursa	NOUN
ijtc-734	26	18	efek	efek	VERB
ijtc-734	26	19	indonesia	indonesia	PROPN
ijtc-734	26	20	,	,	PUNCT
ijtc-734	26	21	2023	2023	NUM
ijtc-734	26	22	)	)	PUNCT
ijtc-734	26	23	there	there	PRON
ijtc-734	26	24	are	be	VERB
ijtc-734	26	25	a	a	DET
ijtc-734	26	26	number	number	NOUN
ijtc-734	26	27	of	of	ADP
ijtc-734	26	28	variables	variable	NOUN
ijtc-734	26	29	that	that	PRON
ijtc-734	26	30	can	can	AUX
ijtc-734	26	31	affect	affect	VERB
ijtc-734	26	32	the	the	DET
ijtc-734	26	33	underpricing	underprice	VERB
ijtc-734	26	34	value	value	NOUN
ijtc-734	26	35	of	of	ADP
ijtc-734	26	36	stocks	stock	NOUN
ijtc-734	26	37	,	,	PUNCT
ijtc-734	26	38	which	which	PRON
ijtc-734	26	39	have	have	AUX
ijtc-734	26	40	previously	previously	ADV
ijtc-734	26	41	been	be	AUX
ijtc-734	26	42	studied	study	VERB
ijtc-734	26	43	from	from	ADP
ijtc-734	26	44	several	several	ADJ
ijtc-734	26	45	previous	previous	ADJ
ijtc-734	26	46	researchers	researcher	NOUN
ijtc-734	26	47	from	from	ADP
ijtc-734	26	48	the	the	DET
ijtc-734	26	49	company	company	NOUN
ijtc-734	26	50	's	's	PART
ijtc-734	26	51	own	own	ADJ
ijtc-734	26	52	internal	internal	NOUN
ijtc-734	26	53	including	include	VERB
ijtc-734	26	54	roe	roe	PROPN
ijtc-734	26	55	and	and	CCONJ
ijtc-734	26	56	roa	roa	PROPN
ijtc-734	26	57	.	.	PUNCT
ijtc-734	27	1	(	(	PUNCT
ijtc-734	27	2	sembiring	sembire	VERB
ijtc-734	27	3	et	et	PROPN
ijtc-734	27	4	al	al	PROPN
ijtc-734	27	5	.	.	PROPN
ijtc-734	27	6	,	,	PUNCT
ijtc-734	27	7	2018	2018	NUM
ijtc-734	27	8	)	)	PUNCT
ijtc-734	27	9	in	in	ADP
ijtc-734	27	10	their	their	PRON
ijtc-734	27	11	study	study	NOUN
ijtc-734	27	12	found	find	VERB
ijtc-734	27	13	that	that	SCONJ
ijtc-734	27	14	roe	roe	PROPN
ijtc-734	27	15	has	have	VERB
ijtc-734	27	16	a	a	DET
ijtc-734	27	17	significant	significant	ADJ
ijtc-734	27	18	negative	negative	ADJ
ijtc-734	27	19	effect	effect	NOUN
ijtc-734	27	20	on	on	ADP
ijtc-734	27	21	underpricing	underprice	VERB
ijtc-734	27	22	.	.	PUNCT
ijtc-734	28	1	in	in	ADP
ijtc-734	28	2	the	the	DET
ijtc-734	28	3	study	study	NOUN
ijtc-734	28	4	,	,	PUNCT
ijtc-734	28	5	(	(	PUNCT
ijtc-734	28	6	nurazizah	nurazizah	PROPN
ijtc-734	28	7	&	&	CCONJ
ijtc-734	28	8	majidah	majidah	PROPN
ijtc-734	28	9	,	,	PUNCT
ijtc-734	28	10	2019	2019	NUM
ijtc-734	28	11	)	)	PUNCT
ijtc-734	28	12	found	find	VERB
ijtc-734	28	13	that	that	SCONJ
ijtc-734	28	14	roa	roa	PROPN
ijtc-734	28	15	results	result	NOUN
ijtc-734	28	16	have	have	VERB
ijtc-734	28	17	a	a	DET
ijtc-734	28	18	positive	positive	ADJ
ijtc-734	28	19	effect	effect	NOUN
ijtc-734	28	20	on	on	ADP
ijtc-734	28	21	underpricing	underprice	VERB
ijtc-734	28	22	.	.	PUNCT
ijtc-734	29	1	furthermore	furthermore	ADV
ijtc-734	29	2	,	,	PUNCT
ijtc-734	29	3	the	the	DET
ijtc-734	29	4	study	study	NOUN
ijtc-734	29	5	of	of	ADP
ijtc-734	29	6	(	(	PUNCT
ijtc-734	29	7	rahmawati	rahmawati	PROPN
ijtc-734	29	8	et	et	PROPN
ijtc-734	29	9	al	al	PROPN
ijtc-734	29	10	.	.	PROPN
ijtc-734	29	11	,	,	PUNCT
ijtc-734	29	12	2022	2022	NUM
ijtc-734	29	13	)	)	PUNCT
ijtc-734	29	14	said	say	VERB
ijtc-734	29	15	that	that	SCONJ
ijtc-734	29	16	the	the	DET
ijtc-734	29	17	roa	roa	PROPN
ijtc-734	29	18	factor	factor	NOUN
ijtc-734	29	19	negatively	negatively	ADV
ijtc-734	29	20	affects	affect	VERB
ijtc-734	29	21	underpricing	underprice	VERB
ijtc-734	29	22	.	.	PUNCT
ijtc-734	30	1	a	a	DET
ijtc-734	30	2	study	study	NOUN
ijtc-734	30	3	in	in	ADP
ijtc-734	30	4	(	(	PUNCT
ijtc-734	30	5	thoriq	thoriq	NOUN
ijtc-734	30	6	et	et	PROPN
ijtc-734	30	7	al	al	PROPN
ijtc-734	30	8	.	.	PROPN
ijtc-734	30	9	,	,	PUNCT
ijtc-734	30	10	2018	2018	NUM
ijtc-734	30	11	)	)	PUNCT
ijtc-734	30	12	resulted	result	VERB
ijtc-734	30	13	in	in	ADP
ijtc-734	30	14	the	the	DET
ijtc-734	30	15	observation	observation	NOUN
ijtc-734	30	16	that	that	SCONJ
ijtc-734	30	17	roa	roa	PROPN
ijtc-734	30	18	has	have	VERB
ijtc-734	30	19	a	a	DET
ijtc-734	30	20	significant	significant	ADJ
ijtc-734	30	21	influence	influence	NOUN
ijtc-734	30	22	on	on	ADP
ijtc-734	30	23	underpricing	underprice	VERB
ijtc-734	30	24	.	.	PUNCT
ijtc-734	31	1	a	a	DET
ijtc-734	31	2	study	study	NOUN
ijtc-734	31	3	conducted	conduct	VERB
ijtc-734	31	4	by	by	ADP
ijtc-734	31	5	(	(	PUNCT
ijtc-734	31	6	permatasari	permatasari	PROPN
ijtc-734	31	7	&	&	CCONJ
ijtc-734	31	8	kusumah	kusumah	PROPN
ijtc-734	31	9	,	,	PUNCT
ijtc-734	31	10	2017	2017	NUM
ijtc-734	31	11	)	)	PUNCT
ijtc-734	31	12	found	find	VERB
ijtc-734	31	13	that	that	SCONJ
ijtc-734	31	14	the	the	DET
ijtc-734	31	15	results	result	NOUN
ijtc-734	31	16	of	of	ADP
ijtc-734	31	17	the	the	DET
ijtc-734	31	18	roa	roa	PROPN
ijtc-734	31	19	study	study	NOUN
ijtc-734	31	20	partially	partially	ADV
ijtc-734	31	21	had	have	VERB
ijtc-734	31	22	no	no	DET
ijtc-734	31	23	influence	influence	NOUN
ijtc-734	31	24	on	on	ADP
ijtc-734	31	25	the	the	DET
ijtc-734	31	26	level	level	NOUN
ijtc-734	31	27	of	of	ADP
ijtc-734	31	28	underpricing	underpricing	NOUN
ijtc-734	31	29	.	.	PUNCT
ijtc-734	32	1	the	the	DET
ijtc-734	32	2	study	study	NOUN
ijtc-734	32	3	conducted	conduct	VERB
ijtc-734	32	4	by	by	ADP
ijtc-734	32	5	(	(	PUNCT
ijtc-734	32	6	gunawan	gunawan	PROPN
ijtc-734	32	7	et	et	PROPN
ijtc-734	32	8	al	al	PROPN
ijtc-734	32	9	.	.	PROPN
ijtc-734	32	10	,	,	PUNCT
ijtc-734	32	11	2019	2019	NUM
ijtc-734	32	12	)	)	PUNCT
ijtc-734	32	13	found	find	VERB
ijtc-734	32	14	that	that	SCONJ
ijtc-734	32	15	roe	roe	PROPN
ijtc-734	32	16	results	result	NOUN
ijtc-734	32	17	did	do	AUX
ijtc-734	32	18	not	not	PART
ijtc-734	32	19	have	have	VERB
ijtc-734	32	20	a	a	DET
ijtc-734	32	21	significant	significant	ADJ
ijtc-734	32	22	effect	effect	NOUN
ijtc-734	32	23	on	on	ADP
ijtc-734	32	24	underpricing	underprice	VERB
ijtc-734	32	25	.	.	PUNCT
ijtc-734	33	1	it	it	PRON
ijtc-734	33	2	was	be	AUX
ijtc-734	33	3	also	also	ADV
ijtc-734	33	4	found	find	VERB
ijtc-734	33	5	that	that	SCONJ
ijtc-734	33	6	a	a	DET
ijtc-734	33	7	study	study	NOUN
ijtc-734	33	8	conducted	conduct	VERB
ijtc-734	33	9	by	by	ADP
ijtc-734	33	10	(	(	PUNCT
ijtc-734	33	11	lestari	lestari	PROPN
ijtc-734	33	12	,	,	PUNCT
ijtc-734	33	13	2018	2018	NUM
ijtc-734	33	14	)	)	PUNCT
ijtc-734	33	15	found	find	VERB
ijtc-734	33	16	that	that	SCONJ
ijtc-734	33	17	roe	roe	PROPN
ijtc-734	33	18	and	and	CCONJ
ijtc-734	33	19	roa	roa	PROPN
ijtc-734	33	20	variables	variable	NOUN
ijtc-734	33	21	did	do	AUX
ijtc-734	33	22	not	not	PART
ijtc-734	33	23	have	have	VERB
ijtc-734	33	24	a	a	DET
ijtc-734	33	25	significant	significant	ADJ
ijtc-734	33	26	influence	influence	NOUN
ijtc-734	33	27	on	on	ADP
ijtc-734	33	28	underpricing	underprice	VERB
ijtc-734	33	29	.	.	PUNCT
ijtc-734	34	1	and	and	CCONJ
ijtc-734	34	2	finally	finally	ADV
ijtc-734	34	3	,	,	PUNCT
ijtc-734	34	4	the	the	DET
ijtc-734	34	5	(	(	PUNCT
ijtc-734	34	6	mayasari	mayasari	NOUN
ijtc-734	34	7	&	&	CCONJ
ijtc-734	34	8	yulianto	yulianto	PROPN
ijtc-734	34	9	,	,	PUNCT
ijtc-734	34	10	2018	2018	NUM
ijtc-734	34	11	)	)	PUNCT
ijtc-734	34	12	study	study	NOUN
ijtc-734	34	13	found	find	VERB
ijtc-734	34	14	that	that	SCONJ
ijtc-734	34	15	the	the	DET
ijtc-734	34	16	roe	roe	NOUN
ijtc-734	34	17	variable	variable	NOUN
ijtc-734	34	18	has	have	AUX
ijtc-734	34	19	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADJ
ijtc-734	34	20	reviewing	review	VERB
ijtc-734	34	21	internal	internal	ADJ
ijtc-734	34	22	variables	variable	NOUN
ijtc-734	34	23	on	on	ADP
ijtc-734	34	24	the	the	DET
ijtc-734	34	25	level	level	NOUN
ijtc-734	34	26	of	of	ADP
ijtc-734	34	27	underpricing	underpricing	NOUN
ijtc-734	34	28	of	of	ADP
ijtc-734	34	29	ipo	ipo	NOUN
ijtc-734	34	30	shares	share	NOUN
ijtc-734	34	31	(	(	PUNCT
ijtc-734	34	32	observation	observation	NOUN
ijtc-734	34	33	of	of	ADP
ijtc-734	34	34	the	the	DET
ijtc-734	34	35	company	company	NOUN
ijtc-734	34	36	go	go	VERB
ijtc-734	34	37	public	public	ADJ
ijtc-734	34	38	on	on	ADP
ijtc-734	34	39	idx	idx	NOUN
ijtc-734	34	40	2021	2021	NUM
ijtc-734	34	41	-	-	SYM
ijtc-734	34	42	2022	2022	NUM
ijtc-734	34	43	)	)	PUNCT
ijtc-734	34	44	yandes	yande	NOUN
ijtc-734	34	45	and	and	CCONJ
ijtc-734	34	46	nugroho	nugroho	NOUN
ijtc-734	34	47	313	313	NUM
ijtc-734	34	48	|	|	ADV
ijtc-734	34	49	ilomata	ilomata	PROPN
ijtc-734	34	50	international	international	ADJ
ijtc-734	34	51	journal	journal	NOUN
ijtc-734	34	52	of	of	ADP
ijtc-734	34	53	tax	tax	PROPN
ijtc-734	34	54	&	&	CCONJ
ijtc-734	34	55	accounting	account	VERB
ijtc-734	34	56	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-734	34	57	an	an	DET
ijtc-734	34	58	influence	influence	NOUN
ijtc-734	34	59	on	on	ADP
ijtc-734	34	60	underpricing	underprice	VERB
ijtc-734	34	61	.	.	PUNCT
ijtc-734	35	1	(	(	PUNCT
ijtc-734	35	2	kusminto	kusminto	NOUN
ijtc-734	35	3	,	,	PUNCT
ijtc-734	35	4	2018	2018	NUM
ijtc-734	35	5	)	)	PUNCT
ijtc-734	35	6	in	in	ADP
ijtc-734	35	7	his	his	PRON
ijtc-734	35	8	study	study	NOUN
ijtc-734	35	9	produced	produce	VERB
ijtc-734	35	10	roa	roa	NOUN
ijtc-734	35	11	has	have	VERB
ijtc-734	35	12	no	no	DET
ijtc-734	35	13	effect	effect	NOUN
ijtc-734	35	14	on	on	ADP
ijtc-734	35	15	the	the	DET
ijtc-734	35	16	percentage	percentage	NOUN
ijtc-734	35	17	of	of	ADP
ijtc-734	35	18	underpricing	underpricing	NOUN
ijtc-734	35	19	.	.	PUNCT
ijtc-734	36	1	the	the	DET
ijtc-734	36	2	(	(	PUNCT
ijtc-734	36	3	novitasari	novitasari	PROPN
ijtc-734	36	4	&	&	CCONJ
ijtc-734	36	5	cahyati	cahyati	PROPN
ijtc-734	36	6	,	,	PUNCT
ijtc-734	36	7	2018	2018	NUM
ijtc-734	36	8	)	)	PUNCT
ijtc-734	36	9	study	study	NOUN
ijtc-734	36	10	is	be	AUX
ijtc-734	36	11	the	the	DET
ijtc-734	36	12	same	same	ADJ
ijtc-734	36	13	as	as	ADP
ijtc-734	36	14	kusminto	kusminto	NOUN
ijtc-734	36	15	,	,	PUNCT
ijtc-734	36	16	profitability	profitability	NOUN
ijtc-734	36	17	seen	see	VERB
ijtc-734	36	18	from	from	ADP
ijtc-734	36	19	roa	roa	PROPN
ijtc-734	36	20	has	have	VERB
ijtc-734	36	21	no	no	DET
ijtc-734	36	22	influence	influence	NOUN
ijtc-734	36	23	on	on	ADP
ijtc-734	36	24	underpricing	underprice	VERB
ijtc-734	36	25	.	.	PUNCT
ijtc-734	37	1	furthermore	furthermore	ADV
ijtc-734	37	2	,	,	PUNCT
ijtc-734	37	3	(	(	PUNCT
ijtc-734	37	4	ayuwardani	ayuwardani	PROPN
ijtc-734	37	5	&	&	CCONJ
ijtc-734	37	6	isroah	isroah	PROPN
ijtc-734	37	7	,	,	PUNCT
ijtc-734	37	8	2018	2018	NUM
ijtc-734	37	9	)	)	PUNCT
ijtc-734	37	10	explained	explain	VERB
ijtc-734	37	11	that	that	SCONJ
ijtc-734	37	12	roe	roe	PROPN
ijtc-734	37	13	affects	affect	VERB
ijtc-734	37	14	underpricing	underprice	VERB
ijtc-734	37	15	.	.	PUNCT
ijtc-734	38	1	the	the	DET
ijtc-734	38	2	results	result	NOUN
ijtc-734	38	3	of	of	ADP
ijtc-734	38	4	the	the	DET
ijtc-734	38	5	(	(	PUNCT
ijtc-734	38	6	aulia	aulia	NOUN
ijtc-734	38	7	&	&	CCONJ
ijtc-734	38	8	tandika	tandika	PROPN
ijtc-734	38	9	,	,	PUNCT
ijtc-734	38	10	2019	2019	NUM
ijtc-734	38	11	)	)	PUNCT
ijtc-734	38	12	study	study	NOUN
ijtc-734	38	13	stated	state	VERB
ijtc-734	38	14	that	that	SCONJ
ijtc-734	38	15	roa	roa	PROPN
ijtc-734	38	16	and	and	CCONJ
ijtc-734	38	17	roe	roe	PROPN
ijtc-734	38	18	have	have	VERB
ijtc-734	38	19	an	an	DET
ijtc-734	38	20	influence	influence	NOUN
ijtc-734	38	21	on	on	ADP
ijtc-734	38	22	underpricing	underprice	VERB
ijtc-734	38	23	.	.	PUNCT
ijtc-734	39	1	(	(	PUNCT
ijtc-734	39	2	haska	haska	NOUN
ijtc-734	39	3	&	&	CCONJ
ijtc-734	39	4	rokhmawati	rokhmawati	PROPN
ijtc-734	39	5	,	,	PUNCT
ijtc-734	39	6	2017	2017	NUM
ijtc-734	39	7	)	)	PUNCT
ijtc-734	39	8	said	say	VERB
ijtc-734	39	9	the	the	DET
ijtc-734	39	10	roe	roe	PROPN
ijtc-734	39	11	variable	variable	NOUN
ijtc-734	39	12	has	have	VERB
ijtc-734	39	13	an	an	DET
ijtc-734	39	14	influence	influence	NOUN
ijtc-734	39	15	on	on	ADP
ijtc-734	39	16	underpricing	underprice	VERB
ijtc-734	39	17	.	.	PUNCT
ijtc-734	40	1	unlike	unlike	ADP
ijtc-734	40	2	thoriq	thoriq	NOUN
ijtc-734	40	3	's	's	PART
ijtc-734	40	4	research	research	NOUN
ijtc-734	40	5	,	,	PUNCT
ijtc-734	40	6	research	research	NOUN
ijtc-734	40	7	conducted	conduct	VERB
ijtc-734	40	8	by	by	ADP
ijtc-734	40	9	(	(	PUNCT
ijtc-734	40	10	devi	devi	PROPN
ijtc-734	40	11	&	&	CCONJ
ijtc-734	40	12	istikhoroh	istikhoroh	PROPN
ijtc-734	40	13	,	,	PUNCT
ijtc-734	40	14	2019	2019	NUM
ijtc-734	40	15	)	)	PUNCT
ijtc-734	40	16	resulted	result	VERB
ijtc-734	40	17	that	that	SCONJ
ijtc-734	40	18	roa	roa	PROPN
ijtc-734	40	19	has	have	VERB
ijtc-734	40	20	no	no	DET
ijtc-734	40	21	influence	influence	NOUN
ijtc-734	40	22	on	on	ADP
ijtc-734	40	23	underpricing	underprice	VERB
ijtc-734	40	24	.	.	PUNCT
ijtc-734	41	1	furthermore	furthermore	ADV
ijtc-734	41	2	,	,	PUNCT
ijtc-734	41	3	study	study	NOUN
ijtc-734	41	4	conducted	conduct	VERB
ijtc-734	41	5	by	by	ADP
ijtc-734	41	6	(	(	PUNCT
ijtc-734	41	7	kuncoro	kuncoro	PROPN
ijtc-734	41	8	&	&	CCONJ
ijtc-734	41	9	suryaputri	suryaputri	PROPN
ijtc-734	41	10	,	,	PUNCT
ijtc-734	41	11	2019	2019	NUM
ijtc-734	41	12	)	)	PUNCT
ijtc-734	41	13	stated	state	VERB
ijtc-734	41	14	that	that	SCONJ
ijtc-734	41	15	roe	roe	PROPN
ijtc-734	41	16	affects	affect	VERB
ijtc-734	41	17	underpricing	underprice	VERB
ijtc-734	41	18	.	.	PUNCT
ijtc-734	42	1	(	(	PUNCT
ijtc-734	42	2	jayanarendra	jayanarendra	PROPN
ijtc-734	42	3	&	&	CCONJ
ijtc-734	42	4	wiagustini	wiagustini	PROPN
ijtc-734	42	5	,	,	PUNCT
ijtc-734	42	6	2019	2019	NUM
ijtc-734	42	7	)	)	PUNCT
ijtc-734	42	8	,	,	PUNCT
ijtc-734	42	9	in	in	ADP
ijtc-734	42	10	their	their	PRON
ijtc-734	42	11	research	research	NOUN
ijtc-734	42	12	resulted	result	VERB
ijtc-734	42	13	that	that	SCONJ
ijtc-734	42	14	roe	roe	NOUN
ijtc-734	42	15	has	have	VERB
ijtc-734	42	16	an	an	DET
ijtc-734	42	17	influence	influence	NOUN
ijtc-734	42	18	on	on	ADP
ijtc-734	42	19	underpricing	underprice	VERB
ijtc-734	42	20	.	.	PUNCT
ijtc-734	43	1	(	(	PUNCT
ijtc-734	43	2	dewi	dewi	PROPN
ijtc-734	43	3	et	et	PROPN
ijtc-734	43	4	al	al	PROPN
ijtc-734	43	5	.	.	PROPN
ijtc-734	43	6	,	,	PUNCT
ijtc-734	43	7	2018	2018	NUM
ijtc-734	43	8	)	)	PUNCT
ijtc-734	43	9	found	find	VERB
ijtc-734	43	10	that	that	SCONJ
ijtc-734	43	11	roe	roe	PROPN
ijtc-734	43	12	has	have	VERB
ijtc-734	43	13	an	an	DET
ijtc-734	43	14	influence	influence	NOUN
ijtc-734	43	15	on	on	ADP
ijtc-734	43	16	underpricing	underprice	VERB
ijtc-734	43	17	.	.	PUNCT
ijtc-734	44	1	furthermore	furthermore	ADV
ijtc-734	44	2	,	,	PUNCT
ijtc-734	44	3	research	research	NOUN
ijtc-734	44	4	conducted	conduct	VERB
ijtc-734	44	5	by	by	ADP
ijtc-734	44	6	(	(	PUNCT
ijtc-734	44	7	abbas	abbas	PROPN
ijtc-734	44	8	et	et	PROPN
ijtc-734	44	9	al	al	PROPN
ijtc-734	44	10	.	.	PROPN
ijtc-734	44	11	,	,	PUNCT
ijtc-734	44	12	2022	2022	NUM
ijtc-734	44	13	)	)	PUNCT
ijtc-734	44	14	resulted	result	VERB
ijtc-734	44	15	that	that	SCONJ
ijtc-734	44	16	roa	roa	PROPN
ijtc-734	44	17	has	have	VERB
ijtc-734	44	18	no	no	DET
ijtc-734	44	19	influence	influence	NOUN
ijtc-734	44	20	on	on	ADP
ijtc-734	44	21	underpricing	underprice	VERB
ijtc-734	44	22	.	.	PUNCT
ijtc-734	45	1	similar	similar	ADJ
ijtc-734	45	2	to	to	ADP
ijtc-734	45	3	abbas	abbas	PROPN
ijtc-734	45	4	,	,	PUNCT
ijtc-734	45	5	(	(	PUNCT
ijtc-734	45	6	vivianti	vivianti	ADJ
ijtc-734	45	7	,	,	PUNCT
ijtc-734	45	8	2021	2021	NUM
ijtc-734	45	9	)	)	PUNCT
ijtc-734	45	10	research	research	NOUN
ijtc-734	45	11	results	result	NOUN
ijtc-734	45	12	in	in	ADP
ijtc-734	45	13	roa	roa	PROPN
ijtc-734	45	14	has	have	VERB
ijtc-734	45	15	no	no	DET
ijtc-734	45	16	influence	influence	NOUN
ijtc-734	45	17	on	on	ADP
ijtc-734	45	18	underprcing	underprce	VERB
ijtc-734	45	19	.	.	PUNCT
ijtc-734	46	1	(	(	PUNCT
ijtc-734	46	2	kasmad	kasmad	NOUN
ijtc-734	46	3	et	et	PROPN
ijtc-734	46	4	al	al	PROPN
ijtc-734	46	5	.	.	PROPN
ijtc-734	46	6	,	,	PUNCT
ijtc-734	46	7	2021	2021	NUM
ijtc-734	46	8	)	)	PUNCT
ijtc-734	46	9	also	also	ADV
ijtc-734	46	10	have	have	VERB
ijtc-734	46	11	results	result	NOUN
ijtc-734	46	12	in	in	ADP
ijtc-734	46	13	their	their	PRON
ijtc-734	46	14	research	research	NOUN
ijtc-734	46	15	that	that	SCONJ
ijtc-734	46	16	roa	roa	PROPN
ijtc-734	46	17	has	have	VERB
ijtc-734	46	18	no	no	DET
ijtc-734	46	19	effect	effect	NOUN
ijtc-734	46	20	on	on	ADP
ijtc-734	46	21	underprcing	underprce	VERB
ijtc-734	46	22	.	.	PUNCT
ijtc-734	47	1	furthermore	furthermore	ADV
ijtc-734	47	2	,	,	PUNCT
ijtc-734	47	3	(	(	PUNCT
ijtc-734	47	4	mahardika	mahardika	X
ijtc-734	47	5	&	&	CCONJ
ijtc-734	47	6	ismiyanti	ismiyanti	ADJ
ijtc-734	47	7	,	,	PUNCT
ijtc-734	47	8	2021	2021	NUM
ijtc-734	47	9	)	)	PUNCT
ijtc-734	47	10	found	find	VERB
ijtc-734	47	11	in	in	ADP
ijtc-734	47	12	their	their	PRON
ijtc-734	47	13	research	research	NOUN
ijtc-734	47	14	that	that	SCONJ
ijtc-734	47	15	roa	roa	PROPN
ijtc-734	47	16	affects	affect	VERB
ijtc-734	47	17	undepricing	undeprice	VERB
ijtc-734	47	18	.	.	PUNCT
ijtc-734	48	1	(	(	PUNCT
ijtc-734	48	2	mulyani	mulyani	PROPN
ijtc-734	48	3	&	&	CCONJ
ijtc-734	48	4	maulidya	maulidya	PROPN
ijtc-734	48	5	,	,	PUNCT
ijtc-734	48	6	2021	2021	NUM
ijtc-734	48	7	)	)	PUNCT
ijtc-734	48	8	found	find	VERB
ijtc-734	48	9	that	that	PRON
ijtc-734	48	10	roe	roe	NOUN
ijtc-734	48	11	in	in	ADP
ijtc-734	48	12	their	their	PRON
ijtc-734	48	13	research	research	NOUN
ijtc-734	48	14	had	have	VERB
ijtc-734	48	15	no	no	DET
ijtc-734	48	16	influence	influence	NOUN
ijtc-734	48	17	on	on	ADP
ijtc-734	48	18	underpricing	underprice	VERB
ijtc-734	48	19	.	.	PUNCT
ijtc-734	49	1	finally	finally	ADV
ijtc-734	49	2	,	,	PUNCT
ijtc-734	49	3	research	research	NOUN
ijtc-734	49	4	conducted	conduct	VERB
ijtc-734	49	5	by	by	ADP
ijtc-734	49	6	(	(	PUNCT
ijtc-734	49	7	hayati	hayati	X
ijtc-734	49	8	et	et	PROPN
ijtc-734	49	9	al	al	PROPN
ijtc-734	49	10	.	.	PROPN
ijtc-734	49	11	,	,	PUNCT
ijtc-734	49	12	2021	2021	NUM
ijtc-734	49	13	)	)	PUNCT
ijtc-734	49	14	resulted	result	VERB
ijtc-734	49	15	in	in	ADP
ijtc-734	49	16	roe	roe	PROPN
ijtc-734	49	17	and	and	CCONJ
ijtc-734	49	18	roa	roa	PROPN
ijtc-734	49	19	has	have	VERB
ijtc-734	49	20	no	no	DET
ijtc-734	49	21	influence	influence	NOUN
ijtc-734	49	22	on	on	ADP
ijtc-734	49	23	underpricing	underprice	VERB
ijtc-734	49	24	.	.	PUNCT
ijtc-734	50	1	looking	look	VERB
ijtc-734	50	2	at	at	ADP
ijtc-734	50	3	the	the	DET
ijtc-734	50	4	description	description	NOUN
ijtc-734	50	5	and	and	CCONJ
ijtc-734	50	6	results	result	NOUN
ijtc-734	50	7	of	of	ADP
ijtc-734	50	8	studies	study	NOUN
ijtc-734	50	9	conducted	conduct	VERB
ijtc-734	50	10	from	from	ADP
ijtc-734	50	11	several	several	ADJ
ijtc-734	50	12	previous	previous	ADJ
ijtc-734	50	13	researchers	researcher	NOUN
ijtc-734	50	14	which	which	PRON
ijtc-734	50	15	there	there	PRON
ijtc-734	50	16	are	be	VERB
ijtc-734	50	17	differences	difference	NOUN
ijtc-734	50	18	and	and	CCONJ
ijtc-734	50	19	similarities	similarity	NOUN
ijtc-734	50	20	in	in	ADP
ijtc-734	50	21	research	research	NOUN
ijtc-734	50	22	results	result	NOUN
ijtc-734	50	23	,	,	PUNCT
ijtc-734	50	24	it	it	PRON
ijtc-734	50	25	makes	make	VERB
ijtc-734	50	26	researchers	researcher	NOUN
ijtc-734	50	27	want	want	VERB
ijtc-734	50	28	to	to	PART
ijtc-734	50	29	conduct	conduct	VERB
ijtc-734	50	30	a	a	DET
ijtc-734	50	31	review	review	NOUN
ijtc-734	50	32	in	in	ADP
ijtc-734	50	33	order	order	NOUN
ijtc-734	50	34	to	to	PART
ijtc-734	50	35	obtain	obtain	VERB
ijtc-734	50	36	empirical	empirical	ADJ
ijtc-734	50	37	evidence	evidence	NOUN
ijtc-734	50	38	with	with	ADP
ijtc-734	50	39	the	the	DET
ijtc-734	50	40	novelty	novelty	NOUN
ijtc-734	50	41	of	of	ADP
ijtc-734	50	42	research	research	NOUN
ijtc-734	50	43	in	in	ADP
ijtc-734	50	44	the	the	DET
ijtc-734	50	45	form	form	NOUN
ijtc-734	50	46	of	of	ADP
ijtc-734	50	47	data	datum	NOUN
ijtc-734	50	48	and	and	CCONJ
ijtc-734	50	49	the	the	DET
ijtc-734	50	50	year	year	NOUN
ijtc-734	50	51	of	of	ADP
ijtc-734	50	52	sampling	sample	VERB
ijtc-734	50	53	with	with	ADP
ijtc-734	50	54	the	the	DET
ijtc-734	50	55	theme	theme	NOUN
ijtc-734	50	56	"	"	PUNCT
ijtc-734	50	57	reviewing	review	VERB
ijtc-734	50	58	internal	internal	ADJ
ijtc-734	50	59	variables	variable	NOUN
ijtc-734	50	60	on	on	ADP
ijtc-734	50	61	the	the	DET
ijtc-734	50	62	level	level	NOUN
ijtc-734	50	63	of	of	ADP
ijtc-734	50	64	underpricing	underpricing	NOUN
ijtc-734	50	65	of	of	ADP
ijtc-734	50	66	ipo	ipo	NOUN
ijtc-734	50	67	shares	share	NOUN
ijtc-734	50	68	(	(	PUNCT
ijtc-734	50	69	observation	observation	NOUN
ijtc-734	50	70	of	of	ADP
ijtc-734	50	71	the	the	DET
ijtc-734	50	72	company	company	NOUN
ijtc-734	50	73	go	go	VERB
ijtc-734	50	74	public	public	ADJ
ijtc-734	50	75	on	on	ADP
ijtc-734	50	76	idx	idx	NOUN
ijtc-734	50	77	2021	2021	NUM
ijtc-734	50	78	-	-	SYM
ijtc-734	50	79	2022	2022	NUM
ijtc-734	50	80	)	)	PUNCT
ijtc-734	50	81	”	"	PUNCT
ijtc-734	50	82	.	.	PUNCT
ijtc-734	51	1	and	and	CCONJ
ijtc-734	51	2	researchers	researcher	NOUN
ijtc-734	51	3	try	try	VERB
ijtc-734	51	4	to	to	PART
ijtc-734	51	5	identify	identify	VERB
ijtc-734	51	6	problems	problem	NOUN
ijtc-734	51	7	or	or	CCONJ
ijtc-734	51	8	problems	problem	NOUN
ijtc-734	51	9	as	as	SCONJ
ijtc-734	51	10	follows	follow	VERB
ijtc-734	51	11	:	:	PUNCT
ijtc-734	51	12	a	a	X
ijtc-734	51	13	)	)	PUNCT
ijtc-734	51	14	does	do	AUX
ijtc-734	51	15	the	the	DET
ijtc-734	51	16	company	company	NOUN
ijtc-734	51	17	's	's	PART
ijtc-734	51	18	roe	roe	NOUN
ijtc-734	51	19	have	have	VERB
ijtc-734	51	20	a	a	DET
ijtc-734	51	21	significant	significant	ADJ
ijtc-734	51	22	influence	influence	NOUN
ijtc-734	51	23	on	on	ADP
ijtc-734	51	24	the	the	DET
ijtc-734	51	25	level	level	NOUN
ijtc-734	51	26	of	of	ADP
ijtc-734	51	27	underpricing	underprice	VERB
ijtc-734	51	28	?	?	PUNCT
ijtc-734	52	1	b	b	X
ijtc-734	52	2	)	)	PUNCT
ijtc-734	52	3	does	do	AUX
ijtc-734	52	4	the	the	DET
ijtc-734	52	5	company	company	NOUN
ijtc-734	52	6	's	's	PART
ijtc-734	52	7	roa	roa	NOUN
ijtc-734	52	8	have	have	VERB
ijtc-734	52	9	a	a	DET
ijtc-734	52	10	significant	significant	ADJ
ijtc-734	52	11	influence	influence	NOUN
ijtc-734	52	12	on	on	ADP
ijtc-734	52	13	the	the	DET
ijtc-734	52	14	level	level	NOUN
ijtc-734	52	15	of	of	ADP
ijtc-734	52	16	underpricing	underprice	VERB
ijtc-734	52	17	?	?	PUNCT
ijtc-734	53	1	c	c	X
ijtc-734	53	2	)	)	PUNCT
ijtc-734	53	3	does	do	AUX
ijtc-734	53	4	the	the	DET
ijtc-734	53	5	company	company	NOUN
ijtc-734	53	6	's	's	PART
ijtc-734	53	7	roe	roe	NOUN
ijtc-734	53	8	and	and	CCONJ
ijtc-734	53	9	roa	roa	PROPN
ijtc-734	53	10	together	together	ADV
ijtc-734	53	11	have	have	VERB
ijtc-734	53	12	a	a	DET
ijtc-734	53	13	significant	significant	ADJ
ijtc-734	53	14	influence	influence	NOUN
ijtc-734	53	15	on	on	ADP
ijtc-734	53	16	the	the	DET
ijtc-734	53	17	level	level	NOUN
ijtc-734	53	18	of	of	ADP
ijtc-734	53	19	underpricing	underprice	VERB
ijtc-734	53	20	?	?	PUNCT
ijtc-734	54	1	literature	literature	NOUN
ijtc-734	54	2	review	review	NOUN
ijtc-734	54	3	stock	stock	NOUN
ijtc-734	54	4	(	(	PUNCT
ijtc-734	54	5	samsul	samsul	ADJ
ijtc-734	54	6	,	,	PUNCT
ijtc-734	54	7	2006	2006	NUM
ijtc-734	54	8	)	)	PUNCT
ijtc-734	54	9	argues	argue	VERB
ijtc-734	54	10	that	that	SCONJ
ijtc-734	54	11	shares	share	NOUN
ijtc-734	54	12	are	be	AUX
ijtc-734	54	13	proof	proof	NOUN
ijtc-734	54	14	of	of	ADP
ijtc-734	54	15	owning	own	VERB
ijtc-734	54	16	a	a	DET
ijtc-734	54	17	company	company	NOUN
ijtc-734	54	18	where	where	SCONJ
ijtc-734	54	19	the	the	DET
ijtc-734	54	20	owners	owner	NOUN
ijtc-734	54	21	of	of	ADP
ijtc-734	54	22	these	these	DET
ijtc-734	54	23	shares	share	NOUN
ijtc-734	54	24	are	be	AUX
ijtc-734	54	25	known	know	VERB
ijtc-734	54	26	as	as	ADP
ijtc-734	54	27	shareholders	shareholder	NOUN
ijtc-734	54	28	or	or	CCONJ
ijtc-734	54	29	stockholders	stockholder	NOUN
ijtc-734	54	30	.	.	PUNCT
ijtc-734	55	1	so	so	ADV
ijtc-734	55	2	,	,	PUNCT
ijtc-734	55	3	it	it	PRON
ijtc-734	55	4	can	can	AUX
ijtc-734	55	5	be	be	AUX
ijtc-734	55	6	said	say	VERB
ijtc-734	55	7	that	that	SCONJ
ijtc-734	55	8	if	if	SCONJ
ijtc-734	55	9	an	an	DET
ijtc-734	55	10	investor	investor	NOUN
ijtc-734	55	11	has	have	AUX
ijtc-734	55	12	bought	buy	VERB
ijtc-734	55	13	shares	share	NOUN
ijtc-734	55	14	of	of	ADP
ijtc-734	55	15	a	a	DET
ijtc-734	55	16	company	company	NOUN
ijtc-734	55	17	both	both	CCONJ
ijtc-734	55	18	in	in	ADP
ijtc-734	55	19	the	the	DET
ijtc-734	55	20	primary	primary	ADJ
ijtc-734	55	21	market	market	NOUN
ijtc-734	55	22	and	and	CCONJ
ijtc-734	55	23	the	the	DET
ijtc-734	55	24	secondary	secondary	ADJ
ijtc-734	55	25	market	market	NOUN
ijtc-734	55	26	,	,	PUNCT
ijtc-734	55	27	it	it	PRON
ijtc-734	55	28	can	can	AUX
ijtc-734	55	29	be	be	AUX
ijtc-734	55	30	interpreted	interpret	VERB
ijtc-734	55	31	that	that	SCONJ
ijtc-734	55	32	the	the	DET
ijtc-734	55	33	investor	investor	NOUN
ijtc-734	55	34	has	have	VERB
ijtc-734	55	35	rights	right	NOUN
ijtc-734	55	36	to	to	ADP
ijtc-734	55	37	the	the	DET
ijtc-734	55	38	company	company	NOUN
ijtc-734	55	39	's	's	PART
ijtc-734	55	40	assets	asset	NOUN
ijtc-734	55	41	,	,	PUNCT
ijtc-734	55	42	where	where	SCONJ
ijtc-734	55	43	the	the	DET
ijtc-734	55	44	amount	amount	NOUN
ijtc-734	55	45	of	of	ADP
ijtc-734	55	46	the	the	DET
ijtc-734	55	47	right	right	NOUN
ijtc-734	55	48	is	be	AUX
ijtc-734	55	49	assessed	assess	VERB
ijtc-734	55	50	based	base	VERB
ijtc-734	55	51	on	on	ADP
ijtc-734	55	52	how	how	SCONJ
ijtc-734	55	53	many	many	ADJ
ijtc-734	55	54	shares	share	NOUN
ijtc-734	55	55	are	be	AUX
ijtc-734	55	56	owned	own	VERB
ijtc-734	55	57	or	or	CCONJ
ijtc-734	55	58	purchased	purchase	VERB
ijtc-734	55	59	.	.	PUNCT
ijtc-734	56	1	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADJ
ijtc-734	56	2	reviewing	review	VERB
ijtc-734	56	3	internal	internal	ADJ
ijtc-734	56	4	variables	variable	NOUN
ijtc-734	56	5	on	on	ADP
ijtc-734	56	6	the	the	DET
ijtc-734	56	7	level	level	NOUN
ijtc-734	56	8	of	of	ADP
ijtc-734	56	9	underpricing	underpricing	NOUN
ijtc-734	56	10	of	of	ADP
ijtc-734	56	11	ipo	ipo	NOUN
ijtc-734	56	12	shares	share	NOUN
ijtc-734	56	13	(	(	PUNCT
ijtc-734	56	14	observation	observation	NOUN
ijtc-734	56	15	of	of	ADP
ijtc-734	56	16	the	the	DET
ijtc-734	56	17	company	company	NOUN
ijtc-734	56	18	go	go	VERB
ijtc-734	56	19	public	public	ADJ
ijtc-734	56	20	on	on	ADP
ijtc-734	56	21	idx	idx	NOUN
ijtc-734	56	22	2021	2021	NUM
ijtc-734	56	23	-	-	SYM
ijtc-734	56	24	2022	2022	NUM
ijtc-734	56	25	)	)	PUNCT
ijtc-734	56	26	yandes	yande	NOUN
ijtc-734	56	27	and	and	CCONJ
ijtc-734	56	28	nugroho	nugroho	NOUN
ijtc-734	56	29	314	314	NUM
ijtc-734	56	30	|	|	ADV
ijtc-734	56	31	ilomata	ilomata	PROPN
ijtc-734	56	32	international	international	ADJ
ijtc-734	56	33	journal	journal	NOUN
ijtc-734	56	34	of	of	ADP
ijtc-734	56	35	tax	tax	PROPN
ijtc-734	56	36	&	&	CCONJ
ijtc-734	56	37	accounting	accounting	PROPN
ijtc-734	56	38	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-734	56	39	ipo	ipo	PROPN
ijtc-734	56	40	(	(	PUNCT
ijtc-734	56	41	initial	initial	ADJ
ijtc-734	56	42	public	public	ADJ
ijtc-734	56	43	offering	offering	NOUN
ijtc-734	56	44	)	)	PUNCT
ijtc-734	56	45	(	(	PUNCT
ijtc-734	56	46	tandelilin	tandelilin	NOUN
ijtc-734	56	47	,	,	PUNCT
ijtc-734	56	48	2010	2010	NUM
ijtc-734	56	49	)	)	PUNCT
ijtc-734	56	50	states	state	VERB
ijtc-734	56	51	that	that	SCONJ
ijtc-734	56	52	ipo	ipo	PROPN
ijtc-734	56	53	is	be	AUX
ijtc-734	56	54	the	the	DET
ijtc-734	56	55	first	first	ADJ
ijtc-734	56	56	sale	sale	NOUN
ijtc-734	56	57	of	of	ADP
ijtc-734	56	58	securities	security	NOUN
ijtc-734	56	59	by	by	ADP
ijtc-734	56	60	the	the	DET
ijtc-734	56	61	company	company	NOUN
ijtc-734	56	62	.	.	PUNCT
ijtc-734	57	1	judging	judge	VERB
ijtc-734	57	2	from	from	ADP
ijtc-734	57	3	this	this	DET
ijtc-734	57	4	understanding	understanding	NOUN
ijtc-734	57	5	,	,	PUNCT
ijtc-734	57	6	ipo	ipo	PROPN
ijtc-734	57	7	is	be	AUX
ijtc-734	57	8	an	an	DET
ijtc-734	57	9	alternative	alternative	ADJ
ijtc-734	57	10	choice	choice	NOUN
ijtc-734	57	11	for	for	SCONJ
ijtc-734	57	12	a	a	DET
ijtc-734	57	13	company	company	NOUN
ijtc-734	57	14	to	to	PART
ijtc-734	57	15	increase	increase	VERB
ijtc-734	57	16	the	the	DET
ijtc-734	57	17	company	company	NOUN
ijtc-734	57	18	's	's	PART
ijtc-734	57	19	funding	funding	NOUN
ijtc-734	57	20	by	by	ADP
ijtc-734	57	21	selling	sell	VERB
ijtc-734	57	22	securities	security	NOUN
ijtc-734	57	23	or	or	CCONJ
ijtc-734	57	24	in	in	ADP
ijtc-734	57	25	this	this	DET
ijtc-734	57	26	case	case	NOUN
ijtc-734	57	27	shares	share	NOUN
ijtc-734	57	28	with	with	ADP
ijtc-734	57	29	the	the	DET
ijtc-734	57	30	public	public	NOUN
ijtc-734	57	31	.	.	PUNCT
ijtc-734	58	1	underpricing	underprice	VERB
ijtc-734	58	2	(	(	PUNCT
ijtc-734	58	3	elan	elan	NOUN
ijtc-734	58	4	,	,	PUNCT
ijtc-734	58	5	2022	2022	NUM
ijtc-734	58	6	)	)	PUNCT
ijtc-734	58	7	said	say	VERB
ijtc-734	58	8	,	,	PUNCT
ijtc-734	58	9	if	if	SCONJ
ijtc-734	58	10	the	the	DET
ijtc-734	58	11	stock	stock	NOUN
ijtc-734	58	12	price	price	NOUN
ijtc-734	58	13	at	at	ADP
ijtc-734	58	14	the	the	DET
ijtc-734	58	15	time	time	NOUN
ijtc-734	58	16	of	of	ADP
ijtc-734	58	17	ipo	ipo	NOUN
ijtc-734	58	18	is	be	AUX
ijtc-734	58	19	lower	low	ADJ
ijtc-734	58	20	than	than	ADP
ijtc-734	58	21	the	the	DET
ijtc-734	58	22	closing	close	VERB
ijtc-734	58	23	stock	stock	NOUN
ijtc-734	58	24	price	price	NOUN
ijtc-734	58	25	on	on	ADP
ijtc-734	58	26	the	the	DET
ijtc-734	58	27	first	first	ADJ
ijtc-734	58	28	day	day	NOUN
ijtc-734	58	29	of	of	ADP
ijtc-734	58	30	trading	trading	NOUN
ijtc-734	58	31	,	,	PUNCT
ijtc-734	58	32	it	it	PRON
ijtc-734	58	33	is	be	AUX
ijtc-734	58	34	called	call	VERB
ijtc-734	58	35	underpricing	underprice	VERB
ijtc-734	58	36	.	.	PUNCT
ijtc-734	59	1	judging	judge	VERB
ijtc-734	59	2	from	from	ADP
ijtc-734	59	3	this	this	DET
ijtc-734	59	4	understanding	understanding	NOUN
ijtc-734	59	5	,	,	PUNCT
ijtc-734	59	6	it	it	PRON
ijtc-734	59	7	can	can	AUX
ijtc-734	59	8	be	be	AUX
ijtc-734	59	9	said	say	VERB
ijtc-734	59	10	that	that	SCONJ
ijtc-734	59	11	underpricing	underpricing	NOUN
ijtc-734	59	12	will	will	AUX
ijtc-734	59	13	occur	occur	VERB
ijtc-734	59	14	if	if	SCONJ
ijtc-734	59	15	the	the	DET
ijtc-734	59	16	price	price	NOUN
ijtc-734	59	17	of	of	ADP
ijtc-734	59	18	shares	share	NOUN
ijtc-734	59	19	that	that	PRON
ijtc-734	59	20	have	have	AUX
ijtc-734	59	21	gone	go	VERB
ijtc-734	59	22	public	public	ADJ
ijtc-734	59	23	closes	close	VERB
ijtc-734	59	24	higher	high	ADJ
ijtc-734	59	25	in	in	ADP
ijtc-734	59	26	the	the	DET
ijtc-734	59	27	secondary	secondary	ADJ
ijtc-734	59	28	market	market	NOUN
ijtc-734	59	29	than	than	ADP
ijtc-734	59	30	in	in	ADP
ijtc-734	59	31	the	the	DET
ijtc-734	59	32	primary	primary	ADJ
ijtc-734	59	33	market	market	NOUN
ijtc-734	59	34	on	on	ADP
ijtc-734	59	35	the	the	DET
ijtc-734	59	36	first	first	ADJ
ijtc-734	59	37	day	day	NOUN
ijtc-734	59	38	.	.	PUNCT
ijtc-734	60	1	roe	roe	PROPN
ijtc-734	60	2	(	(	PUNCT
ijtc-734	60	3	return	return	VERB
ijtc-734	60	4	on	on	ADP
ijtc-734	60	5	equity	equity	NOUN
ijtc-734	60	6	)	)	PUNCT
ijtc-734	60	7	according	accord	VERB
ijtc-734	60	8	to	to	ADP
ijtc-734	60	9	(	(	PUNCT
ijtc-734	60	10	mokhamad	mokhamad	PROPN
ijtc-734	60	11	anwar	anwar	PROPN
ijtc-734	60	12	,	,	PUNCT
ijtc-734	60	13	2015	2015	NUM
ijtc-734	60	14	)	)	PUNCT
ijtc-734	60	15	roe	roe	NOUN
ijtc-734	60	16	shows	show	VERB
ijtc-734	60	17	the	the	DET
ijtc-734	60	18	company	company	NOUN
ijtc-734	60	19	's	's	PART
ijtc-734	60	20	ability	ability	NOUN
ijtc-734	60	21	to	to	PART
ijtc-734	60	22	generate	generate	VERB
ijtc-734	60	23	net	net	ADJ
ijtc-734	60	24	profit	profit	NOUN
ijtc-734	60	25	on	on	ADP
ijtc-734	60	26	its	its	PRON
ijtc-734	60	27	own	own	ADJ
ijtc-734	60	28	capital	capital	NOUN
ijtc-734	60	29	.	.	PUNCT
ijtc-734	61	1	it	it	PRON
ijtc-734	61	2	can	can	AUX
ijtc-734	61	3	be	be	AUX
ijtc-734	61	4	interpreted	interpret	VERB
ijtc-734	61	5	that	that	SCONJ
ijtc-734	61	6	the	the	PRON
ijtc-734	61	7	more	more	ADJ
ijtc-734	61	8	the	the	DET
ijtc-734	61	9	roe	roe	NOUN
ijtc-734	61	10	value	value	NOUN
ijtc-734	61	11	increases	increase	NOUN
ijtc-734	61	12	,	,	PUNCT
ijtc-734	61	13	the	the	DET
ijtc-734	61	14	company	company	NOUN
ijtc-734	61	15	increases	increase	VERB
ijtc-734	61	16	the	the	DET
ijtc-734	61	17	profit	profit	NOUN
ijtc-734	61	18	ratio	ratio	NOUN
ijtc-734	61	19	or	or	CCONJ
ijtc-734	61	20	profitable	profitable	ADJ
ijtc-734	61	21	,	,	PUNCT
ijtc-734	61	22	and	and	CCONJ
ijtc-734	61	23	the	the	DET
ijtc-734	61	24	opposite	opposite	NOUN
ijtc-734	61	25	is	be	AUX
ijtc-734	61	26	the	the	DET
ijtc-734	61	27	decreasing	decrease	VERB
ijtc-734	61	28	roe	roe	NOUN
ijtc-734	61	29	number	number	NOUN
ijtc-734	61	30	,	,	PUNCT
ijtc-734	61	31	the	the	DET
ijtc-734	61	32	company	company	NOUN
ijtc-734	61	33	decreases	decrease	VERB
ijtc-734	61	34	in	in	ADP
ijtc-734	61	35	profitability	profitability	NOUN
ijtc-734	61	36	.	.	PUNCT
ijtc-734	62	1	roe	roe	NOUN
ijtc-734	62	2	is	be	AUX
ijtc-734	62	3	one	one	NUM
ijtc-734	62	4	of	of	ADP
ijtc-734	62	5	the	the	DET
ijtc-734	62	6	profitability	profitability	NOUN
ijtc-734	62	7	ratios	ratio	NOUN
ijtc-734	62	8	used	use	VERB
ijtc-734	62	9	by	by	ADP
ijtc-734	62	10	investors	investor	NOUN
ijtc-734	62	11	in	in	ADP
ijtc-734	62	12	looking	look	VERB
ijtc-734	62	13	at	at	ADP
ijtc-734	62	14	the	the	DET
ijtc-734	62	15	fundamental	fundamental	ADJ
ijtc-734	62	16	state	state	NOUN
ijtc-734	62	17	of	of	ADP
ijtc-734	62	18	companies	company	NOUN
ijtc-734	62	19	that	that	PRON
ijtc-734	62	20	conduct	conduct	VERB
ijtc-734	62	21	ipos	ipos	PROPN
ijtc-734	62	22	.	.	PUNCT
ijtc-734	63	1	roa	roa	PROPN
ijtc-734	63	2	(	(	PUNCT
ijtc-734	63	3	return	return	VERB
ijtc-734	63	4	on	on	ADP
ijtc-734	63	5	asset	asset	NOUN
ijtc-734	63	6	)	)	PUNCT
ijtc-734	63	7	(	(	PUNCT
ijtc-734	63	8	sartika	sartika	X
ijtc-734	63	9	et	et	PROPN
ijtc-734	63	10	al	al	PROPN
ijtc-734	63	11	.	.	PROPN
ijtc-734	63	12	,	,	PUNCT
ijtc-734	63	13	2022	2022	NUM
ijtc-734	63	14	)	)	PUNCT
ijtc-734	63	15	argues	argue	VERB
ijtc-734	63	16	that	that	SCONJ
ijtc-734	63	17	roa	roa	PROPN
ijtc-734	63	18	is	be	AUX
ijtc-734	63	19	the	the	DET
ijtc-734	63	20	ability	ability	NOUN
ijtc-734	63	21	of	of	ADP
ijtc-734	63	22	a	a	DET
ijtc-734	63	23	company	company	NOUN
ijtc-734	63	24	to	to	PART
ijtc-734	63	25	generate	generate	VERB
ijtc-734	63	26	net	net	ADJ
ijtc-734	63	27	profit	profit	NOUN
ijtc-734	63	28	based	base	VERB
ijtc-734	63	29	on	on	ADP
ijtc-734	63	30	a	a	DET
ijtc-734	63	31	certain	certain	ADJ
ijtc-734	63	32	level	level	NOUN
ijtc-734	63	33	of	of	ADP
ijtc-734	63	34	assets	asset	NOUN
ijtc-734	63	35	.	.	PUNCT
ijtc-734	64	1	the	the	DET
ijtc-734	64	2	roa	roa	PROPN
ijtc-734	64	3	ratio	ratio	NOUN
ijtc-734	64	4	is	be	AUX
ijtc-734	64	5	one	one	NUM
ijtc-734	64	6	of	of	ADP
ijtc-734	64	7	the	the	DET
ijtc-734	64	8	preferred	preferred	ADJ
ijtc-734	64	9	ratios	ratio	NOUN
ijtc-734	64	10	to	to	PART
ijtc-734	64	11	see	see	VERB
ijtc-734	64	12	information	information	NOUN
ijtc-734	64	13	on	on	ADP
ijtc-734	64	14	the	the	DET
ijtc-734	64	15	fundamental	fundamental	ADJ
ijtc-734	64	16	state	state	NOUN
ijtc-734	64	17	of	of	ADP
ijtc-734	64	18	a	a	DET
ijtc-734	64	19	company	company	NOUN
ijtc-734	64	20	conducting	conduct	VERB
ijtc-734	64	21	an	an	DET
ijtc-734	64	22	ipo	ipo	NOUN
ijtc-734	64	23	,	,	PUNCT
ijtc-734	64	24	both	both	PRON
ijtc-734	64	25	for	for	ADP
ijtc-734	64	26	investors	investor	NOUN
ijtc-734	64	27	and	and	CCONJ
ijtc-734	64	28	issuers	issuer	NOUN
ijtc-734	64	29	themselves	themselves	PRON
ijtc-734	64	30	.	.	PUNCT
ijtc-734	65	1	based	base	VERB
ijtc-734	65	2	on	on	ADP
ijtc-734	65	3	this	this	DET
ijtc-734	65	4	study	study	NOUN
ijtc-734	65	5	,	,	PUNCT
ijtc-734	65	6	a	a	DET
ijtc-734	65	7	theoretical	theoretical	ADJ
ijtc-734	65	8	framework	framework	NOUN
ijtc-734	65	9	was	be	AUX
ijtc-734	65	10	made	make	VERB
ijtc-734	65	11	in	in	ADP
ijtc-734	65	12	the	the	DET
ijtc-734	65	13	following	follow	VERB
ijtc-734	65	14	scheme	scheme	NOUN
ijtc-734	65	15	model	model	NOUN
ijtc-734	65	16	:	:	PUNCT
ijtc-734	65	17	figure	figure	NOUN
ijtc-734	65	18	1	1	NUM
ijtc-734	65	19	.	.	PUNCT
ijtc-734	66	1	frame	frame	NOUN
ijtc-734	66	2	of	of	ADP
ijtc-734	66	3	mind	mind	NOUN
ijtc-734	66	4	source	source	NOUN
ijtc-734	66	5	:	:	PUNCT
ijtc-734	66	6	research	research	NOUN
ijtc-734	66	7	results	result	NOUN
ijtc-734	66	8	,	,	PUNCT
ijtc-734	66	9	2023	2023	NUM
ijtc-734	66	10	from	from	ADP
ijtc-734	66	11	the	the	DET
ijtc-734	66	12	frame	frame	NOUN
ijtc-734	66	13	of	of	ADP
ijtc-734	66	14	mind	mind	NOUN
ijtc-734	66	15	that	that	SCONJ
ijtc-734	66	16	we	we	PRON
ijtc-734	66	17	can	can	AUX
ijtc-734	66	18	see	see	VERB
ijtc-734	66	19	above	above	ADV
ijtc-734	67	1	,	,	PUNCT
ijtc-734	67	2	the	the	DET
ijtc-734	67	3	researcher	researcher	NOUN
ijtc-734	67	4	drew	draw	VERB
ijtc-734	67	5	three	three	NUM
ijtc-734	67	6	hypotheses	hypothesis	NOUN
ijtc-734	67	7	in	in	ADP
ijtc-734	67	8	this	this	DET
ijtc-734	67	9	observation	observation	NOUN
ijtc-734	67	10	,	,	PUNCT
ijtc-734	67	11	including	include	VERB
ijtc-734	67	12	:	:	PUNCT
ijtc-734	67	13	ha1	ha1	PROPN
ijtc-734	67	14	:	:	PUNCT
ijtc-734	67	15	the	the	DET
ijtc-734	67	16	company	company	NOUN
ijtc-734	67	17	's	's	PART
ijtc-734	67	18	roe	roe	NOUN
ijtc-734	67	19	has	have	VERB
ijtc-734	67	20	a	a	DET
ijtc-734	67	21	significant	significant	ADJ
ijtc-734	67	22	influence	influence	NOUN
ijtc-734	67	23	on	on	ADP
ijtc-734	67	24	the	the	DET
ijtc-734	67	25	level	level	NOUN
ijtc-734	67	26	of	of	ADP
ijtc-734	67	27	underpricing	underpricing	NOUN
ijtc-734	67	28	.	.	PUNCT
ijtc-734	68	1	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADJ
ijtc-734	68	2	reviewing	review	VERB
ijtc-734	68	3	internal	internal	ADJ
ijtc-734	68	4	variables	variable	NOUN
ijtc-734	68	5	on	on	ADP
ijtc-734	68	6	the	the	DET
ijtc-734	68	7	level	level	NOUN
ijtc-734	68	8	of	of	ADP
ijtc-734	68	9	underpricing	underpricing	NOUN
ijtc-734	68	10	of	of	ADP
ijtc-734	68	11	ipo	ipo	NOUN
ijtc-734	68	12	shares	share	NOUN
ijtc-734	68	13	(	(	PUNCT
ijtc-734	68	14	observation	observation	NOUN
ijtc-734	68	15	of	of	ADP
ijtc-734	68	16	the	the	DET
ijtc-734	68	17	company	company	NOUN
ijtc-734	68	18	go	go	VERB
ijtc-734	68	19	public	public	ADJ
ijtc-734	68	20	on	on	ADP
ijtc-734	68	21	idx	idx	NOUN
ijtc-734	68	22	2021	2021	NUM
ijtc-734	68	23	-	-	SYM
ijtc-734	68	24	2022	2022	NUM
ijtc-734	68	25	)	)	PUNCT
ijtc-734	68	26	yandes	yande	NOUN
ijtc-734	68	27	and	and	CCONJ
ijtc-734	68	28	nugroho	nugroho	NOUN
ijtc-734	68	29	315	315	NUM
ijtc-734	68	30	|	|	ADV
ijtc-734	68	31	ilomata	ilomata	PROPN
ijtc-734	68	32	international	international	ADJ
ijtc-734	68	33	journal	journal	NOUN
ijtc-734	68	34	of	of	ADP
ijtc-734	68	35	tax	tax	PROPN
ijtc-734	68	36	&	&	CCONJ
ijtc-734	68	37	accounting	accounting	PROPN
ijtc-734	68	38	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-734	68	39	ho1	ho1	NOUN
ijtc-734	68	40	:	:	PUNCT
ijtc-734	68	41	the	the	DET
ijtc-734	68	42	company	company	NOUN
ijtc-734	68	43	's	's	PART
ijtc-734	68	44	roe	roe	NOUN
ijtc-734	68	45	has	have	VERB
ijtc-734	68	46	no	no	DET
ijtc-734	68	47	significant	significant	ADJ
ijtc-734	68	48	effect	effect	NOUN
ijtc-734	68	49	on	on	ADP
ijtc-734	68	50	the	the	DET
ijtc-734	68	51	level	level	NOUN
ijtc-734	68	52	of	of	ADP
ijtc-734	68	53	underpricing	underprice	VERB
ijtc-734	68	54	.	.	PUNCT
ijtc-734	69	1	ha2	ha2	PROPN
ijtc-734	69	2	:	:	PUNCT
ijtc-734	69	3	the	the	DET
ijtc-734	69	4	company	company	NOUN
ijtc-734	69	5	's	's	PART
ijtc-734	69	6	roa	roa	NOUN
ijtc-734	69	7	has	have	VERB
ijtc-734	69	8	a	a	DET
ijtc-734	69	9	significant	significant	ADJ
ijtc-734	69	10	influence	influence	NOUN
ijtc-734	69	11	on	on	ADP
ijtc-734	69	12	the	the	DET
ijtc-734	69	13	level	level	NOUN
ijtc-734	69	14	of	of	ADP
ijtc-734	69	15	underpricing	underpricing	NOUN
ijtc-734	69	16	.	.	PUNCT
ijtc-734	70	1	ho2	ho2	NOUN
ijtc-734	70	2	:	:	PUNCT
ijtc-734	70	3	the	the	DET
ijtc-734	70	4	company	company	NOUN
ijtc-734	70	5	's	's	PART
ijtc-734	70	6	roa	roa	NOUN
ijtc-734	70	7	has	have	VERB
ijtc-734	70	8	no	no	DET
ijtc-734	70	9	significant	significant	ADJ
ijtc-734	70	10	effect	effect	NOUN
ijtc-734	70	11	on	on	ADP
ijtc-734	70	12	the	the	DET
ijtc-734	70	13	level	level	NOUN
ijtc-734	70	14	of	of	ADP
ijtc-734	70	15	underpricing	underprice	VERB
ijtc-734	70	16	.	.	PUNCT
ijtc-734	71	1	ha3	ha3	ADJ
ijtc-734	71	2	:	:	PUNCT
ijtc-734	71	3	the	the	DET
ijtc-734	71	4	company	company	NOUN
ijtc-734	71	5	's	's	PART
ijtc-734	71	6	roe	roe	NOUN
ijtc-734	71	7	and	and	CCONJ
ijtc-734	71	8	roa	roa	PROPN
ijtc-734	71	9	together	together	ADV
ijtc-734	71	10	have	have	VERB
ijtc-734	71	11	a	a	DET
ijtc-734	71	12	significant	significant	ADJ
ijtc-734	71	13	influence	influence	NOUN
ijtc-734	71	14	on	on	ADP
ijtc-734	71	15	the	the	DET
ijtc-734	71	16	level	level	NOUN
ijtc-734	71	17	of	of	ADP
ijtc-734	71	18	underpricing	underprice	VERB
ijtc-734	71	19	.	.	PUNCT
ijtc-734	72	1	ho3	ho3	NOUN
ijtc-734	72	2	:	:	PUNCT
ijtc-734	72	3	the	the	DET
ijtc-734	72	4	company	company	NOUN
ijtc-734	72	5	's	's	PART
ijtc-734	72	6	roe	roe	NOUN
ijtc-734	72	7	and	and	CCONJ
ijtc-734	72	8	roa	roa	PROPN
ijtc-734	72	9	together	together	ADV
ijtc-734	72	10	have	have	VERB
ijtc-734	72	11	no	no	DET
ijtc-734	72	12	significant	significant	ADJ
ijtc-734	72	13	influence	influence	NOUN
ijtc-734	72	14	on	on	ADP
ijtc-734	72	15	the	the	DET
ijtc-734	72	16	level	level	NOUN
ijtc-734	72	17	of	of	ADP
ijtc-734	72	18	underpricing	underprice	VERB
ijtc-734	72	19	.	.	PUNCT
ijtc-734	73	1	method	method	NOUN
ijtc-734	73	2	research	research	NOUN
ijtc-734	73	3	using	use	VERB
ijtc-734	73	4	quantitative	quantitative	ADJ
ijtc-734	73	5	data	datum	NOUN
ijtc-734	73	6	,	,	PUNCT
ijtc-734	73	7	using	use	VERB
ijtc-734	73	8	the	the	DET
ijtc-734	73	9	type	type	NOUN
ijtc-734	73	10	of	of	ADP
ijtc-734	73	11	explanatory	explanatory	ADJ
ijtc-734	73	12	research	research	NOUN
ijtc-734	73	13	which	which	PRON
ijtc-734	73	14	has	have	VERB
ijtc-734	73	15	the	the	DET
ijtc-734	73	16	purpose	purpose	NOUN
ijtc-734	73	17	of	of	ADP
ijtc-734	73	18	a	a	DET
ijtc-734	73	19	study	study	NOUN
ijtc-734	73	20	that	that	PRON
ijtc-734	73	21	explains	explain	VERB
ijtc-734	73	22	the	the	DET
ijtc-734	73	23	relationship	relationship	NOUN
ijtc-734	73	24	between	between	ADP
ijtc-734	73	25	existing	exist	VERB
ijtc-734	73	26	variables	variable	NOUN
ijtc-734	73	27	(	(	PUNCT
ijtc-734	73	28	usman	usman	PROPN
ijtc-734	73	29	&	&	CCONJ
ijtc-734	73	30	;	;	PUNCT
ijtc-734	73	31	akbar	akbar	NOUN
ijtc-734	73	32	,	,	PUNCT
ijtc-734	73	33	n.d	n.d	PROPN
ijtc-734	73	34	.	.	PROPN
ijtc-734	73	35	)	)	PUNCT
ijtc-734	73	36	.	.	PUNCT
ijtc-734	74	1	the	the	DET
ijtc-734	74	2	variables	variable	NOUN
ijtc-734	74	3	in	in	ADP
ijtc-734	74	4	this	this	DET
ijtc-734	74	5	study	study	NOUN
ijtc-734	74	6	include	include	VERB
ijtc-734	74	7	underpricing	underprice	VERB
ijtc-734	74	8	variables	variable	NOUN
ijtc-734	74	9	as	as	ADP
ijtc-734	74	10	dependent	dependent	ADJ
ijtc-734	74	11	variables	variable	NOUN
ijtc-734	74	12	and	and	CCONJ
ijtc-734	74	13	internal	internal	ADJ
ijtc-734	74	14	information	information	NOUN
ijtc-734	74	15	variables	variable	NOUN
ijtc-734	74	16	,	,	PUNCT
ijtc-734	74	17	including	include	VERB
ijtc-734	74	18	roe	roe	PROPN
ijtc-734	74	19	and	and	CCONJ
ijtc-734	74	20	roa	roa	NOUN
ijtc-734	74	21	as	as	ADP
ijtc-734	74	22	independent	independent	ADJ
ijtc-734	74	23	variables	variable	NOUN
ijtc-734	74	24	through	through	ADP
ijtc-734	74	25	hypothesis	hypothesis	NOUN
ijtc-734	74	26	testing	testing	NOUN
ijtc-734	74	27	and	and	CCONJ
ijtc-734	74	28	assisted	assist	VERB
ijtc-734	74	29	by	by	ADP
ijtc-734	74	30	the	the	DET
ijtc-734	74	31	use	use	NOUN
ijtc-734	74	32	of	of	ADP
ijtc-734	74	33	eviews	eviews	PROPN
ijtc-734	74	34	(	(	PUNCT
ijtc-734	74	35	econometric	econometric	ADJ
ijtc-734	74	36	views	view	NOUN
ijtc-734	74	37	)	)	PUNCT
ijtc-734	74	38	.	.	PUNCT
ijtc-734	75	1	the	the	DET
ijtc-734	75	2	data	datum	NOUN
ijtc-734	75	3	used	use	VERB
ijtc-734	75	4	in	in	ADP
ijtc-734	75	5	this	this	DET
ijtc-734	75	6	research	research	NOUN
ijtc-734	75	7	is	be	AUX
ijtc-734	75	8	secondary	secondary	ADJ
ijtc-734	75	9	data	datum	NOUN
ijtc-734	75	10	that	that	PRON
ijtc-734	75	11	can	can	AUX
ijtc-734	75	12	be	be	AUX
ijtc-734	75	13	accessed	access	VERB
ijtc-734	75	14	through	through	ADP
ijtc-734	75	15	the	the	DET
ijtc-734	75	16	idx	idx	NOUN
ijtc-734	75	17	.	.	PUNCT
ijtc-734	76	1	the	the	DET
ijtc-734	76	2	population	population	NOUN
ijtc-734	76	3	in	in	ADP
ijtc-734	76	4	this	this	DET
ijtc-734	76	5	research	research	NOUN
ijtc-734	76	6	is	be	AUX
ijtc-734	76	7	the	the	DET
ijtc-734	76	8	company	company	NOUN
ijtc-734	76	9	when	when	SCONJ
ijtc-734	76	10	conducting	conduct	VERB
ijtc-734	76	11	ipo	ipo	NOUN
ijtc-734	76	12	activities	activity	NOUN
ijtc-734	76	13	and	and	CCONJ
ijtc-734	76	14	has	have	AUX
ijtc-734	76	15	followed	follow	VERB
ijtc-734	76	16	all	all	DET
ijtc-734	76	17	the	the	DET
ijtc-734	76	18	requirements	requirement	NOUN
ijtc-734	76	19	on	on	ADP
ijtc-734	76	20	the	the	DET
ijtc-734	76	21	idx	idx	NOUN
ijtc-734	76	22	for	for	ADP
ijtc-734	76	23	the	the	DET
ijtc-734	76	24	period	period	NOUN
ijtc-734	76	25	from	from	ADP
ijtc-734	76	26	2021	2021	NUM
ijtc-734	76	27	to	to	ADP
ijtc-734	76	28	2022	2022	NUM
ijtc-734	76	29	,	,	PUNCT
ijtc-734	76	30	which	which	PRON
ijtc-734	76	31	is	be	AUX
ijtc-734	76	32	112	112	NUM
ijtc-734	76	33	companies	company	NOUN
ijtc-734	76	34	.	.	PUNCT
ijtc-734	77	1	the	the	DET
ijtc-734	77	2	sample	sample	NOUN
ijtc-734	77	3	was	be	AUX
ijtc-734	77	4	drawn	draw	VERB
ijtc-734	77	5	using	use	VERB
ijtc-734	77	6	purposive	purposive	ADJ
ijtc-734	77	7	sampling	sample	VERB
ijtc-734	77	8	techniques	technique	NOUN
ijtc-734	77	9	with	with	ADP
ijtc-734	77	10	certain	certain	ADJ
ijtc-734	77	11	criteria	criterion	NOUN
ijtc-734	77	12	,	,	PUNCT
ijtc-734	77	13	where	where	SCONJ
ijtc-734	77	14	of	of	ADP
ijtc-734	77	15	the	the	DET
ijtc-734	77	16	92	92	NUM
ijtc-734	77	17	companies	company	NOUN
ijtc-734	77	18	that	that	PRON
ijtc-734	77	19	underpriced	underprice	VERB
ijtc-734	77	20	,	,	PUNCT
ijtc-734	77	21	only	only	ADV
ijtc-734	77	22	64	64	NUM
ijtc-734	77	23	companies	company	NOUN
ijtc-734	77	24	or	or	CCONJ
ijtc-734	77	25	issuers	issuer	NOUN
ijtc-734	77	26	had	have	VERB
ijtc-734	77	27	criteria	criterion	NOUN
ijtc-734	77	28	to	to	PART
ijtc-734	77	29	be	be	AUX
ijtc-734	77	30	used	use	VERB
ijtc-734	77	31	as	as	ADP
ijtc-734	77	32	samples	sample	NOUN
ijtc-734	77	33	for	for	ADP
ijtc-734	77	34	this	this	DET
ijtc-734	77	35	research	research	NOUN
ijtc-734	77	36	.	.	PUNCT
ijtc-734	78	1	in	in	ADP
ijtc-734	78	2	this	this	DET
ijtc-734	78	3	study	study	NOUN
ijtc-734	78	4	it	it	PRON
ijtc-734	78	5	is	be	AUX
ijtc-734	78	6	known	know	VERB
ijtc-734	78	7	that	that	SCONJ
ijtc-734	78	8	the	the	DET
ijtc-734	78	9	dependent	dependent	ADJ
ijtc-734	78	10	variable	variable	NOUN
ijtc-734	78	11	is	be	AUX
ijtc-734	78	12	underpricing	underprice	VERB
ijtc-734	78	13	,	,	PUNCT
ijtc-734	78	14	in	in	ADP
ijtc-734	78	15	this	this	DET
ijtc-734	78	16	research	research	NOUN
ijtc-734	78	17	the	the	DET
ijtc-734	78	18	underpricing	underpricing	ADJ
ijtc-734	78	19	or	or	CCONJ
ijtc-734	78	20	dependent	dependent	ADJ
ijtc-734	78	21	variable	variable	NOUN
ijtc-734	78	22	is	be	AUX
ijtc-734	78	23	synonymized	synonymize	VERB
ijtc-734	78	24	with	with	ADP
ijtc-734	78	25	the	the	DET
ijtc-734	78	26	alphabet	alphabet	PROPN
ijtc-734	78	27	y.	y.	PROPN
ijtc-734	78	28	furthermore	furthermore	ADV
ijtc-734	78	29	,	,	PUNCT
ijtc-734	78	30	the	the	DET
ijtc-734	78	31	independent	independent	ADJ
ijtc-734	78	32	variable	variable	NOUN
ijtc-734	78	33	is	be	AUX
ijtc-734	78	34	synonymized	synonymize	VERB
ijtc-734	78	35	with	with	ADP
ijtc-734	78	36	the	the	DET
ijtc-734	78	37	alphabet	alphabet	PROPN
ijtc-734	78	38	x.	x.	NOUN
ijtc-734	78	39	where	where	SCONJ
ijtc-734	78	40	for	for	ADP
ijtc-734	78	41	the	the	DET
ijtc-734	78	42	first	first	ADJ
ijtc-734	78	43	independent	independent	ADJ
ijtc-734	78	44	variable	variable	NOUN
ijtc-734	78	45	is	be	AUX
ijtc-734	78	46	roe	roe	NOUN
ijtc-734	78	47	(	(	PUNCT
ijtc-734	78	48	x1	x1	PROPN
ijtc-734	78	49	.	.	PUNCT
ijtc-734	78	50	)	)	PUNCT
ijtc-734	79	1	and	and	CCONJ
ijtc-734	79	2	the	the	DET
ijtc-734	79	3	second	second	NOUN
ijtc-734	79	4	is	be	AUX
ijtc-734	79	5	roa	roa	NOUN
ijtc-734	79	6	(	(	PUNCT
ijtc-734	79	7	x2	x2	PROPN
ijtc-734	79	8	)	)	PUNCT
ijtc-734	79	9	.	.	PUNCT
ijtc-734	80	1	table	table	NOUN
ijtc-734	80	2	2	2	NUM
ijtc-734	80	3	.	.	PUNCT
ijtc-734	80	4	variable	variable	ADJ
ijtc-734	80	5	measurement	measurement	NOUN
ijtc-734	80	6	source	source	NOUN
ijtc-734	80	7	:	:	PUNCT
ijtc-734	80	8	research	research	NOUN
ijtc-734	80	9	results	result	NOUN
ijtc-734	80	10	,	,	PUNCT
ijtc-734	80	11	2023	2023	NUM
ijtc-734	80	12	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADJ
ijtc-734	80	13	reviewing	review	VERB
ijtc-734	80	14	internal	internal	ADJ
ijtc-734	80	15	variables	variable	NOUN
ijtc-734	80	16	on	on	ADP
ijtc-734	80	17	the	the	DET
ijtc-734	80	18	level	level	NOUN
ijtc-734	80	19	of	of	ADP
ijtc-734	80	20	underpricing	underpricing	NOUN
ijtc-734	80	21	of	of	ADP
ijtc-734	80	22	ipo	ipo	NOUN
ijtc-734	80	23	shares	share	NOUN
ijtc-734	80	24	(	(	PUNCT
ijtc-734	80	25	observation	observation	NOUN
ijtc-734	80	26	of	of	ADP
ijtc-734	80	27	the	the	DET
ijtc-734	80	28	company	company	NOUN
ijtc-734	80	29	go	go	VERB
ijtc-734	80	30	public	public	ADJ
ijtc-734	80	31	on	on	ADP
ijtc-734	80	32	idx	idx	NOUN
ijtc-734	80	33	2021	2021	NUM
ijtc-734	80	34	-	-	SYM
ijtc-734	80	35	2022	2022	NUM
ijtc-734	80	36	)	)	PUNCT
ijtc-734	80	37	yandes	yande	NOUN
ijtc-734	80	38	and	and	CCONJ
ijtc-734	80	39	nugroho	nugroho	NOUN
ijtc-734	80	40	316	316	NUM
ijtc-734	80	41	|	|	ADV
ijtc-734	80	42	ilomata	ilomata	PROPN
ijtc-734	80	43	international	international	ADJ
ijtc-734	80	44	journal	journal	NOUN
ijtc-734	80	45	of	of	ADP
ijtc-734	80	46	tax	tax	PROPN
ijtc-734	80	47	&	&	CCONJ
ijtc-734	80	48	accounting	accounting	NOUN
ijtc-734	80	49	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADV
ijtc-734	80	50	before	before	ADP
ijtc-734	80	51	obtaining	obtain	VERB
ijtc-734	80	52	the	the	DET
ijtc-734	80	53	results	result	NOUN
ijtc-734	80	54	of	of	ADP
ijtc-734	80	55	hypothesis	hypothesis	NOUN
ijtc-734	80	56	testing	testing	NOUN
ijtc-734	80	57	,	,	PUNCT
ijtc-734	80	58	it	it	PRON
ijtc-734	80	59	is	be	AUX
ijtc-734	80	60	preceded	precede	VERB
ijtc-734	80	61	by	by	ADP
ijtc-734	80	62	the	the	DET
ijtc-734	80	63	use	use	NOUN
ijtc-734	80	64	of	of	ADP
ijtc-734	80	65	data	datum	NOUN
ijtc-734	80	66	analysis	analysis	NOUN
ijtc-734	80	67	techniques	technique	NOUN
ijtc-734	80	68	,	,	PUNCT
ijtc-734	80	69	where	where	SCONJ
ijtc-734	80	70	the	the	DET
ijtc-734	80	71	data	datum	NOUN
ijtc-734	80	72	analysis	analysis	NOUN
ijtc-734	80	73	techniques	technique	NOUN
ijtc-734	80	74	used	use	VERB
ijtc-734	80	75	in	in	ADP
ijtc-734	80	76	this	this	DET
ijtc-734	80	77	research	research	NOUN
ijtc-734	80	78	include	include	VERB
ijtc-734	80	79	,	,	PUNCT
ijtc-734	80	80	descriptive	descriptive	ADJ
ijtc-734	80	81	statistical	statistical	ADJ
ijtc-734	80	82	analysis	analysis	NOUN
ijtc-734	80	83	which	which	PRON
ijtc-734	80	84	is	be	AUX
ijtc-734	80	85	intended	intend	VERB
ijtc-734	80	86	to	to	PART
ijtc-734	80	87	provide	provide	VERB
ijtc-734	80	88	a	a	DET
ijtc-734	80	89	description	description	NOUN
ijtc-734	80	90	of	of	ADP
ijtc-734	80	91	the	the	DET
ijtc-734	80	92	data	datum	NOUN
ijtc-734	80	93	obtained	obtain	VERB
ijtc-734	80	94	.	.	PUNCT
ijtc-734	81	1	the	the	DET
ijtc-734	81	2	data	datum	NOUN
ijtc-734	81	3	obtained	obtain	VERB
ijtc-734	81	4	are	be	AUX
ijtc-734	81	5	sourced	source	VERB
ijtc-734	81	6	from	from	ADP
ijtc-734	81	7	the	the	DET
ijtc-734	81	8	results	result	NOUN
ijtc-734	81	9	of	of	ADP
ijtc-734	81	10	descriptive	descriptive	ADJ
ijtc-734	81	11	analysis	analysis	NOUN
ijtc-734	81	12	whose	whose	DET
ijtc-734	81	13	results	result	NOUN
ijtc-734	81	14	show	show	VERB
ijtc-734	81	15	the	the	DET
ijtc-734	81	16	mean	mean	ADJ
ijtc-734	81	17	,	,	PUNCT
ijtc-734	81	18	maximum	maximum	ADJ
ijtc-734	81	19	,	,	PUNCT
ijtc-734	81	20	minimum	minimum	ADJ
ijtc-734	81	21	,	,	PUNCT
ijtc-734	81	22	and	and	CCONJ
ijtc-734	81	23	standard	standard	ADJ
ijtc-734	81	24	deviation	deviation	NOUN
ijtc-734	81	25	values	value	NOUN
ijtc-734	81	26	of	of	ADP
ijtc-734	81	27	each	each	DET
ijtc-734	81	28	variable	variable	NOUN
ijtc-734	81	29	studied	study	VERB
ijtc-734	81	30	,	,	PUNCT
ijtc-734	81	31	both	both	PRON
ijtc-734	81	32	x	x	ADP
ijtc-734	81	33	,	,	PUNCT
ijtc-734	81	34	and	and	CCONJ
ijtc-734	81	35	variable	variable	ADJ
ijtc-734	81	36	y.	y.	NOUN
ijtc-734	81	37	then	then	ADV
ijtc-734	81	38	the	the	DET
ijtc-734	81	39	classical	classical	ADJ
ijtc-734	81	40	assumption	assumption	NOUN
ijtc-734	81	41	test	test	NOUN
ijtc-734	81	42	is	be	AUX
ijtc-734	81	43	used	use	VERB
ijtc-734	81	44	before	before	ADP
ijtc-734	81	45	heading	head	VERB
ijtc-734	81	46	to	to	ADP
ijtc-734	81	47	multiple	multiple	ADJ
ijtc-734	81	48	regression	regression	NOUN
ijtc-734	81	49	analysis	analysis	NOUN
ijtc-734	81	50	,	,	PUNCT
ijtc-734	81	51	where	where	SCONJ
ijtc-734	81	52	this	this	DET
ijtc-734	81	53	classical	classical	ADJ
ijtc-734	81	54	assumption	assumption	NOUN
ijtc-734	81	55	test	test	NOUN
ijtc-734	81	56	consists	consist	VERB
ijtc-734	81	57	of	of	ADP
ijtc-734	81	58	normality	normality	NOUN
ijtc-734	81	59	,	,	PUNCT
ijtc-734	81	60	autocorrelation	autocorrelation	NOUN
ijtc-734	81	61	,	,	PUNCT
ijtc-734	81	62	heteroscedasticity	heteroscedasticity	NOUN
ijtc-734	81	63	and	and	CCONJ
ijtc-734	81	64	multicolonicity	multicolonicity	NOUN
ijtc-734	81	65	tests	test	NOUN
ijtc-734	81	66	.	.	PUNCT
ijtc-734	82	1	furthermore	furthermore	ADV
ijtc-734	82	2	,	,	PUNCT
ijtc-734	82	3	multiple	multiple	ADJ
ijtc-734	82	4	linear	linear	ADJ
ijtc-734	82	5	regression	regression	NOUN
ijtc-734	82	6	analysis	analysis	NOUN
ijtc-734	82	7	is	be	AUX
ijtc-734	82	8	intended	intend	VERB
ijtc-734	82	9	as	as	ADP
ijtc-734	82	10	a	a	DET
ijtc-734	82	11	direction	direction	NOUN
ijtc-734	82	12	to	to	PART
ijtc-734	82	13	provide	provide	VERB
ijtc-734	82	14	information	information	NOUN
ijtc-734	82	15	about	about	ADP
ijtc-734	82	16	the	the	DET
ijtc-734	82	17	influence	influence	NOUN
ijtc-734	82	18	of	of	ADP
ijtc-734	82	19	two	two	NUM
ijtc-734	82	20	or	or	CCONJ
ijtc-734	82	21	more	more	ADJ
ijtc-734	82	22	of	of	ADP
ijtc-734	82	23	variable	variable	ADJ
ijtc-734	82	24	x	x	NOUN
ijtc-734	82	25	on	on	ADP
ijtc-734	82	26	variable	variable	ADJ
ijtc-734	82	27	y.	y.	PROPN
ijtc-734	82	28	finally	finally	ADV
ijtc-734	82	29	,	,	PUNCT
ijtc-734	82	30	hypothesis	hypothesis	NOUN
ijtc-734	82	31	testing	testing	NOUN
ijtc-734	82	32	aims	aim	VERB
ijtc-734	82	33	to	to	PART
ijtc-734	82	34	obtain	obtain	VERB
ijtc-734	82	35	information	information	NOUN
ijtc-734	82	36	about	about	ADP
ijtc-734	82	37	the	the	DET
ijtc-734	82	38	influence	influence	NOUN
ijtc-734	82	39	of	of	ADP
ijtc-734	82	40	variable	variable	ADJ
ijtc-734	82	41	x	x	INTJ
ijtc-734	82	42	(	(	PUNCT
ijtc-734	82	43	internal	internal	ADJ
ijtc-734	82	44	factors	factor	NOUN
ijtc-734	82	45	,	,	PUNCT
ijtc-734	82	46	namely	namely	ADV
ijtc-734	82	47	roe	roe	NOUN
ijtc-734	82	48	and	and	CCONJ
ijtc-734	82	49	roa	roa	PROPN
ijtc-734	82	50	)	)	PUNCT
ijtc-734	82	51	on	on	ADP
ijtc-734	82	52	variable	variable	ADJ
ijtc-734	82	53	y	y	PROPN
ijtc-734	82	54	(	(	PUNCT
ijtc-734	82	55	i.e.	i.e.	X
ijtc-734	82	56	,	,	PUNCT
ijtc-734	82	57	underpricing	underpricing	NOUN
ijtc-734	82	58	)	)	PUNCT
ijtc-734	82	59	which	which	PRON
ijtc-734	82	60	is	be	AUX
ijtc-734	82	61	seen	see	VERB
ijtc-734	82	62	partially	partially	ADV
ijtc-734	82	63	or	or	CCONJ
ijtc-734	82	64	simultaneously	simultaneously	ADV
ijtc-734	82	65	by	by	ADP
ijtc-734	82	66	looking	look	VERB
ijtc-734	82	67	at	at	ADP
ijtc-734	82	68	information	information	NOUN
ijtc-734	82	69	on	on	ADP
ijtc-734	82	70	the	the	DET
ijtc-734	82	71	value	value	NOUN
ijtc-734	82	72	of	of	ADP
ijtc-734	82	73	the	the	DET
ijtc-734	82	74	coefficient	coefficient	NOUN
ijtc-734	82	75	of	of	ADP
ijtc-734	82	76	determination	determination	NOUN
ijtc-734	82	77	(	(	PUNCT
ijtc-734	82	78	r2	r2	PROPN
ijtc-734	82	79	)	)	PUNCT
ijtc-734	82	80	,	,	PUNCT
ijtc-734	82	81	t	t	NOUN
ijtc-734	82	82	-	-	PUNCT
ijtc-734	82	83	test	test	NOUN
ijtc-734	82	84	,	,	PUNCT
ijtc-734	82	85	and	and	CCONJ
ijtc-734	82	86	f	f	X
ijtc-734	82	87	-	-	PUNCT
ijtc-734	82	88	test	test	NOUN
ijtc-734	82	89	.	.	PUNCT
ijtc-734	83	1	this	this	DET
ijtc-734	83	2	analysis	analysis	NOUN
ijtc-734	83	3	was	be	AUX
ijtc-734	83	4	carried	carry	VERB
ijtc-734	83	5	out	out	ADP
ijtc-734	83	6	using	use	VERB
ijtc-734	83	7	eviews	eview	NOUN
ijtc-734	83	8	(	(	PUNCT
ijtc-734	83	9	econometric	econometric	ADJ
ijtc-734	83	10	views	view	NOUN
ijtc-734	83	11	)	)	PUNCT
ijtc-734	83	12	with	with	ADP
ijtc-734	83	13	the	the	DET
ijtc-734	83	14	following	following	ADJ
ijtc-734	83	15	basic	basic	ADJ
ijtc-734	83	16	model	model	NOUN
ijtc-734	83	17	:	:	PUNCT
ijtc-734	83	18	result	result	NOUN
ijtc-734	83	19	and	and	CCONJ
ijtc-734	83	20	discussion	discussion	NOUN
ijtc-734	83	21	table	table	NOUN
ijtc-734	83	22	3	3	NUM
ijtc-734	83	23	.	.	PUNCT
ijtc-734	83	24	descriptive	descriptive	ADJ
ijtc-734	83	25	statistical	statistical	ADJ
ijtc-734	83	26	analysis	analysis	NOUN
ijtc-734	83	27	(	(	PUNCT
ijtc-734	83	28	common	common	ADJ
ijtc-734	83	29	sample	sample	NOUN
ijtc-734	83	30	)	)	PUNCT
ijtc-734	83	31	source	source	NOUN
ijtc-734	83	32	:	:	PUNCT
ijtc-734	83	33	research	research	NOUN
ijtc-734	83	34	results	result	NOUN
ijtc-734	83	35	,	,	PUNCT
ijtc-734	83	36	2023	2023	NUM
ijtc-734	83	37	digest	digest	VERB
ijtc-734	83	38	the	the	DET
ijtc-734	83	39	information	information	NOUN
ijtc-734	83	40	above	above	ADP
ijtc-734	83	41	using	use	VERB
ijtc-734	83	42	64	64	NUM
ijtc-734	83	43	samples	sample	NOUN
ijtc-734	83	44	based	base	VERB
ijtc-734	83	45	on	on	ADP
ijtc-734	83	46	the	the	DET
ijtc-734	83	47	determination	determination	NOUN
ijtc-734	83	48	of	of	ADP
ijtc-734	83	49	the	the	DET
ijtc-734	83	50	issuer	issuer	ADJ
ijtc-734	83	51	sample	sample	NOUN
ijtc-734	83	52	.	.	PUNCT
ijtc-734	84	1	it	it	PRON
ijtc-734	84	2	is	be	AUX
ijtc-734	84	3	known	know	VERB
ijtc-734	84	4	that	that	SCONJ
ijtc-734	84	5	the	the	DET
ijtc-734	84	6	sample	sample	NOUN
ijtc-734	84	7	underpricing	underpricing	NOUN
ijtc-734	84	8	that	that	PRON
ijtc-734	84	9	occurred	occur	VERB
ijtc-734	84	10	in	in	ADP
ijtc-734	84	11	2021	2021	NUM
ijtc-734	84	12	-	-	SYM
ijtc-734	84	13	2022	2022	NUM
ijtc-734	84	14	at	at	ADP
ijtc-734	84	15	the	the	DET
ijtc-734	84	16	time	time	NOUN
ijtc-734	84	17	of	of	ADP
ijtc-734	84	18	the	the	DET
ijtc-734	84	19	ipo	ipo	NOUN
ijtc-734	84	20	had	have	VERB
ijtc-734	84	21	a	a	DET
ijtc-734	84	22	mean	mean	ADJ
ijtc-734	84	23	value	value	NOUN
ijtc-734	84	24	of	of	ADP
ijtc-734	84	25	24.41563	24.41563	NUM
ijtc-734	84	26	%	%	NOUN
ijtc-734	84	27	,	,	PUNCT
ijtc-734	84	28	with	with	ADP
ijtc-734	84	29	std	std	PROPN
ijtc-734	84	30	.	.	PROPN
ijtc-734	84	31	dev	dev	PROPN
ijtc-734	84	32	showing	show	VERB
ijtc-734	84	33	that	that	SCONJ
ijtc-734	84	34	there	there	PRON
ijtc-734	84	35	was	be	VERB
ijtc-734	84	36	a	a	DET
ijtc-734	84	37	variation	variation	NOUN
ijtc-734	84	38	between	between	ADP
ijtc-734	84	39	underpricing	underprice	VERB
ijtc-734	84	40	in	in	ADP
ijtc-734	84	41	issuer	issuer	ADJ
ijtc-734	84	42	stocks	stock	NOUN
ijtc-734	84	43	,	,	PUNCT
ijtc-734	84	44	namely	namely	ADV
ijtc-734	84	45	with	with	ADP
ijtc-734	84	46	a	a	DET
ijtc-734	84	47	value	value	NOUN
ijtc-734	84	48	of	of	ADP
ijtc-734	84	49	10.04916	10.04916	NUM
ijtc-734	84	50	%	%	NOUN
ijtc-734	84	51	.	.	PUNCT
ijtc-734	85	1	has	have	VERB
ijtc-734	85	2	a	a	DET
ijtc-734	85	3	maximum	maximum	ADJ
ijtc-734	85	4	underpricing	underpricing	ADJ
ijtc-734	85	5	level	level	NOUN
ijtc-734	85	6	with	with	ADP
ijtc-734	85	7	a	a	DET
ijtc-734	85	8	value	value	NOUN
ijtc-734	85	9	of	of	ADP
ijtc-734	85	10	35	35	NUM
ijtc-734	85	11	%	%	NOUN
ijtc-734	85	12	and	and	CCONJ
ijtc-734	85	13	a	a	DET
ijtc-734	85	14	minimum	minimum	NOUN
ijtc-734	85	15	of	of	ADP
ijtc-734	85	16	0.67	0.67	NUM
ijtc-734	85	17	%	%	NOUN
ijtc-734	85	18	.	.	PUNCT
ijtc-734	86	1	first	first	ADV
ijtc-734	86	2	,	,	PUNCT
ijtc-734	86	3	the	the	DET
ijtc-734	86	4	roe	roe	NOUN
ijtc-734	86	5	variable	variable	NOUN
ijtc-734	86	6	has	have	VERB
ijtc-734	86	7	a	a	DET
ijtc-734	86	8	mean	mean	NOUN
ijtc-734	86	9	of	of	ADP
ijtc-734	86	10	13.68438	13.68438	NUM
ijtc-734	86	11	%	%	NOUN
ijtc-734	86	12	,	,	PUNCT
ijtc-734	86	13	and	and	CCONJ
ijtc-734	86	14	std	std	PROPN
ijtc-734	86	15	.	.	PROPN
ijtc-734	86	16	dev	dev	NOUN
ijtc-734	86	17	which	which	PRON
ijtc-734	86	18	shows	show	VERB
ijtc-734	86	19	that	that	SCONJ
ijtc-734	86	20	there	there	PRON
ijtc-734	86	21	is	be	VERB
ijtc-734	86	22	a	a	DET
ijtc-734	86	23	variation	variation	NOUN
ijtc-734	86	24	between	between	ADP
ijtc-734	86	25	roe	roe	NOUN
ijtc-734	86	26	in	in	ADP
ijtc-734	86	27	issuer	issuer	NOUN
ijtc-734	86	28	stocks	stock	NOUN
ijtc-734	86	29	,	,	PUNCT
ijtc-734	86	30	which	which	PRON
ijtc-734	86	31	is	be	AUX
ijtc-734	86	32	28.65943	28.65943	NUM
ijtc-734	86	33	%	%	NOUN
ijtc-734	86	34	,	,	PUNCT
ijtc-734	86	35	and	and	CCONJ
ijtc-734	86	36	has	have	VERB
ijtc-734	86	37	a	a	DET
ijtc-734	86	38	maximum	maximum	ADJ
ijtc-734	86	39	roe	roe	NOUN
ijtc-734	86	40	level	level	NOUN
ijtc-734	86	41	with	with	ADP
ijtc-734	86	42	a	a	DET
ijtc-734	86	43	value	value	NOUN
ijtc-734	86	44	of	of	ADP
ijtc-734	86	45	130.73	130.73	NUM
ijtc-734	86	46	%	%	NOUN
ijtc-734	86	47	and	and	CCONJ
ijtc-734	86	48	a	a	DET
ijtc-734	86	49	minimum	minimum	NOUN
ijtc-734	86	50	of	of	ADP
ijtc-734	86	51	-114	-114	NUM
ijtc-734	86	52	%	%	NOUN
ijtc-734	86	53	.	.	PUNCT
ijtc-734	87	1	both	both	DET
ijtc-734	87	2	roa	roa	PROPN
ijtc-734	87	3	variables	variable	NOUN
ijtc-734	87	4	have	have	VERB
ijtc-734	87	5	a	a	DET
ijtc-734	87	6	mean	mean	NOUN
ijtc-734	87	7	of	of	ADP
ijtc-734	87	8	6.22	6.22	NUM
ijtc-734	87	9	%	%	NOUN
ijtc-734	87	10	,	,	PUNCT
ijtc-734	87	11	and	and	CCONJ
ijtc-734	87	12	std	std	PROPN
ijtc-734	87	13	.	.	PROPN
ijtc-734	87	14	dev	dev	NOUN
ijtc-734	87	15	which	which	PRON
ijtc-734	87	16	shows	show	VERB
ijtc-734	87	17	there	there	PRON
ijtc-734	87	18	is	be	VERB
ijtc-734	87	19	a	a	DET
ijtc-734	87	20	variation	variation	NOUN
ijtc-734	87	21	between	between	ADP
ijtc-734	87	22	roa	roa	PROPN
ijtc-734	87	23	in	in	ADP
ijtc-734	87	24	issuer	issuer	NOUN
ijtc-734	87	25	stocks	stock	NOUN
ijtc-734	87	26	,	,	PUNCT
ijtc-734	87	27	which	which	PRON
ijtc-734	87	28	is	be	AUX
ijtc-734	87	29	14.78031	14.78031	NUM
ijtc-734	87	30	%	%	NOUN
ijtc-734	87	31	,	,	PUNCT
ijtc-734	87	32	and	and	CCONJ
ijtc-734	87	33	has	have	VERB
ijtc-734	87	34	a	a	DET
ijtc-734	87	35	maximum	maximum	ADJ
ijtc-734	87	36	roa	roa	NOUN
ijtc-734	87	37	level	level	NOUN
ijtc-734	87	38	with	with	ADP
ijtc-734	87	39	a	a	DET
ijtc-734	87	40	value	value	NOUN
ijtc-734	87	41	of	of	ADP
ijtc-734	87	42	57.39	57.39	NUM
ijtc-734	87	43	%	%	NOUN
ijtc-734	87	44	and	and	CCONJ
ijtc-734	87	45	a	a	DET
ijtc-734	87	46	minimum	minimum	NOUN
ijtc-734	87	47	of	of	ADP
ijtc-734	87	48	-73	-73	PROPN
ijtc-734	87	49	%	%	NOUN
ijtc-734	87	50	.	.	PUNCT
ijtc-734	88	1	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADJ
ijtc-734	88	2	reviewing	review	VERB
ijtc-734	88	3	internal	internal	ADJ
ijtc-734	88	4	variables	variable	NOUN
ijtc-734	88	5	on	on	ADP
ijtc-734	88	6	the	the	DET
ijtc-734	88	7	level	level	NOUN
ijtc-734	88	8	of	of	ADP
ijtc-734	88	9	underpricing	underpricing	NOUN
ijtc-734	88	10	of	of	ADP
ijtc-734	88	11	ipo	ipo	NOUN
ijtc-734	88	12	shares	share	NOUN
ijtc-734	88	13	(	(	PUNCT
ijtc-734	88	14	observation	observation	NOUN
ijtc-734	88	15	of	of	ADP
ijtc-734	88	16	the	the	DET
ijtc-734	88	17	company	company	NOUN
ijtc-734	88	18	go	go	VERB
ijtc-734	88	19	public	public	ADJ
ijtc-734	88	20	on	on	ADP
ijtc-734	88	21	idx	idx	NOUN
ijtc-734	88	22	2021	2021	NUM
ijtc-734	88	23	-	-	SYM
ijtc-734	88	24	2022	2022	NUM
ijtc-734	88	25	)	)	PUNCT
ijtc-734	88	26	yandes	yande	NOUN
ijtc-734	88	27	and	and	CCONJ
ijtc-734	88	28	nugroho	nugroho	NOUN
ijtc-734	88	29	317	317	NUM
ijtc-734	88	30	|	|	ADV
ijtc-734	88	31	ilomata	ilomata	PROPN
ijtc-734	88	32	international	international	ADJ
ijtc-734	88	33	journal	journal	NOUN
ijtc-734	88	34	of	of	ADP
ijtc-734	88	35	tax	tax	PROPN
ijtc-734	88	36	&	&	CCONJ
ijtc-734	88	37	accounting	account	VERB
ijtc-734	88	38	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-734	88	39	table	table	NOUN
ijtc-734	88	40	4	4	NUM
ijtc-734	88	41	.	.	PUNCT
ijtc-734	88	42	normality	normality	NOUN
ijtc-734	88	43	test	test	NOUN
ijtc-734	88	44	source	source	NOUN
ijtc-734	88	45	:	:	PUNCT
ijtc-734	88	46	research	research	NOUN
ijtc-734	88	47	results	result	NOUN
ijtc-734	88	48	,	,	PUNCT
ijtc-734	88	49	2023	2023	NUM
ijtc-734	88	50	normality	normality	NOUN
ijtc-734	88	51	test	test	NOUN
ijtc-734	88	52	is	be	AUX
ijtc-734	88	53	carried	carry	VERB
ijtc-734	88	54	out	out	ADP
ijtc-734	88	55	with	with	ADP
ijtc-734	88	56	the	the	DET
ijtc-734	88	57	aim	aim	NOUN
ijtc-734	88	58	of	of	ADP
ijtc-734	88	59	assessing	assess	VERB
ijtc-734	88	60	the	the	DET
ijtc-734	88	61	distribution	distribution	NOUN
ijtc-734	88	62	of	of	ADP
ijtc-734	88	63	data	datum	NOUN
ijtc-734	88	64	in	in	ADP
ijtc-734	88	65	a	a	DET
ijtc-734	88	66	group	group	NOUN
ijtc-734	88	67	of	of	ADP
ijtc-734	88	68	data	datum	NOUN
ijtc-734	88	69	or	or	CCONJ
ijtc-734	88	70	variables	variable	NOUN
ijtc-734	88	71	,	,	PUNCT
ijtc-734	88	72	whether	whether	SCONJ
ijtc-734	88	73	the	the	DET
ijtc-734	88	74	distribution	distribution	NOUN
ijtc-734	88	75	of	of	ADP
ijtc-734	88	76	data	datum	NOUN
ijtc-734	88	77	is	be	AUX
ijtc-734	88	78	normally	normally	ADV
ijtc-734	88	79	distributed	distribute	VERB
ijtc-734	88	80	or	or	CCONJ
ijtc-734	88	81	not	not	PART
ijtc-734	88	82	(	(	PUNCT
ijtc-734	88	83	hidayat	hidayat	PROPN
ijtc-734	88	84	,	,	PUNCT
ijtc-734	88	85	2022	2022	NUM
ijtc-734	88	86	)	)	PUNCT
ijtc-734	88	87	.	.	PUNCT
ijtc-734	89	1	if	if	SCONJ
ijtc-734	89	2	the	the	DET
ijtc-734	89	3	significance	significance	NOUN
ijtc-734	89	4	value	value	NOUN
ijtc-734	89	5	(	(	PUNCT
ijtc-734	89	6	in	in	ADP
ijtc-734	89	7	this	this	DET
ijtc-734	89	8	case	case	NOUN
ijtc-734	89	9	the	the	DET
ijtc-734	89	10	jarque	jarque	NOUN
ijtc-734	89	11	-	-	PUNCT
ijtc-734	89	12	bera	bera	NOUN
ijtc-734	89	13	probability	probability	NOUN
ijtc-734	89	14	value	value	NOUN
ijtc-734	89	15	)	)	PUNCT
ijtc-734	89	16	>	>	X
ijtc-734	89	17	0.05	0.05	NUM
ijtc-734	89	18	,	,	PUNCT
ijtc-734	89	19	the	the	DET
ijtc-734	89	20	residual	residual	ADJ
ijtc-734	89	21	value	value	NOUN
ijtc-734	89	22	is	be	AUX
ijtc-734	89	23	normally	normally	ADV
ijtc-734	89	24	distributed	distribute	VERB
ijtc-734	89	25	,	,	PUNCT
ijtc-734	89	26	and	and	CCONJ
ijtc-734	89	27	it	it	PRON
ijtc-734	89	28	turns	turn	VERB
ijtc-734	89	29	out	out	ADP
ijtc-734	89	30	that	that	SCONJ
ijtc-734	89	31	from	from	ADP
ijtc-734	89	32	the	the	DET
ijtc-734	89	33	results	result	NOUN
ijtc-734	89	34	of	of	ADP
ijtc-734	89	35	the	the	DET
ijtc-734	89	36	research	research	NOUN
ijtc-734	89	37	test	test	NOUN
ijtc-734	89	38	the	the	DET
ijtc-734	89	39	jarque	jarque	NOUN
ijtc-734	89	40	-	-	PUNCT
ijtc-734	89	41	bera	bera	NOUN
ijtc-734	89	42	probability	probability	NOUN
ijtc-734	89	43	table	table	NOUN
ijtc-734	89	44	value	value	NOUN
ijtc-734	89	45	is	be	AUX
ijtc-734	89	46	0.050513	0.050513	NUM
ijtc-734	89	47	>	>	PUNCT
ijtc-734	89	48	0.05	0.05	NUM
ijtc-734	89	49	,	,	PUNCT
ijtc-734	89	50	meaning	mean	VERB
ijtc-734	89	51	that	that	SCONJ
ijtc-734	89	52	the	the	DET
ijtc-734	89	53	data	datum	NOUN
ijtc-734	89	54	in	in	ADP
ijtc-734	89	55	this	this	DET
ijtc-734	89	56	research	research	NOUN
ijtc-734	89	57	is	be	AUX
ijtc-734	89	58	normally	normally	ADV
ijtc-734	89	59	distributed	distribute	VERB
ijtc-734	89	60	.	.	PUNCT
ijtc-734	90	1	so	so	ADV
ijtc-734	90	2	that	that	SCONJ
ijtc-734	90	3	the	the	DET
ijtc-734	90	4	data	datum	NOUN
ijtc-734	90	5	used	use	VERB
ijtc-734	90	6	can	can	AUX
ijtc-734	90	7	be	be	AUX
ijtc-734	90	8	continued	continue	VERB
ijtc-734	90	9	in	in	ADP
ijtc-734	90	10	the	the	DET
ijtc-734	90	11	next	next	ADJ
ijtc-734	90	12	test	test	NOUN
ijtc-734	90	13	.	.	PUNCT
ijtc-734	91	1	table	table	NOUN
ijtc-734	91	2	5	5	NUM
ijtc-734	91	3	.	.	PUNCT
ijtc-734	92	1	multicollinearities	multicollinearity	NOUN
ijtc-734	92	2	test	test	NOUN
ijtc-734	92	3	source	source	NOUN
ijtc-734	92	4	:	:	PUNCT
ijtc-734	92	5	research	research	NOUN
ijtc-734	92	6	results	result	NOUN
ijtc-734	92	7	,	,	PUNCT
ijtc-734	92	8	2023	2023	NUM
ijtc-734	92	9	if	if	SCONJ
ijtc-734	92	10	the	the	DET
ijtc-734	92	11	value	value	NOUN
ijtc-734	92	12	of	of	ADP
ijtc-734	92	13	the	the	DET
ijtc-734	92	14	correlation	correlation	NOUN
ijtc-734	92	15	matrix	matrix	NOUN
ijtc-734	92	16	between	between	ADP
ijtc-734	92	17	two	two	NUM
ijtc-734	92	18	independent	independent	ADJ
ijtc-734	92	19	variables	variable	NOUN
ijtc-734	92	20	(	(	PUNCT
ijtc-734	92	21	x	x	X
ijtc-734	92	22	)	)	PUNCT
ijtc-734	92	23	is	be	AUX
ijtc-734	92	24	smaller	small	ADJ
ijtc-734	92	25	than	than	ADP
ijtc-734	92	26	(	(	PUNCT
ijtc-734	92	27	<	<	X
ijtc-734	92	28	)	)	PUNCT
ijtc-734	92	29	0.90	0.90	NUM
ijtc-734	92	30	,	,	PUNCT
ijtc-734	92	31	then	then	ADV
ijtc-734	92	32	there	there	PRON
ijtc-734	92	33	is	be	VERB
ijtc-734	92	34	no	no	DET
ijtc-734	92	35	multicollinearity	multicollinearity	NOUN
ijtc-734	92	36	,	,	PUNCT
ijtc-734	92	37	and	and	CCONJ
ijtc-734	92	38	vice	vice	ADV
ijtc-734	92	39	versa	versa	ADV
ijtc-734	92	40	(	(	PUNCT
ijtc-734	92	41	ghozali	ghozali	PROPN
ijtc-734	92	42	&	&	CCONJ
ijtc-734	92	43	ratmono	ratmono	PROPN
ijtc-734	92	44	,	,	PUNCT
ijtc-734	92	45	2017	2017	NUM
ijtc-734	92	46	)	)	PUNCT
ijtc-734	92	47	.	.	PUNCT
ijtc-734	93	1	based	base	VERB
ijtc-734	93	2	on	on	ADP
ijtc-734	93	3	the	the	DET
ijtc-734	93	4	correlation	correlation	NOUN
ijtc-734	93	5	value	value	NOUN
ijtc-734	93	6	above	above	ADP
ijtc-734	93	7	that	that	SCONJ
ijtc-734	93	8	there	there	PRON
ijtc-734	93	9	is	be	VERB
ijtc-734	93	10	no	no	DET
ijtc-734	93	11	symptom	symptom	NOUN
ijtc-734	93	12	of	of	ADP
ijtc-734	93	13	multicollinearity	multicollinearity	NOUN
ijtc-734	93	14	because	because	SCONJ
ijtc-734	93	15	the	the	DET
ijtc-734	93	16	roe	roe	NOUN
ijtc-734	93	17	correlation	correlation	NOUN
ijtc-734	93	18	value	value	NOUN
ijtc-734	93	19	to	to	ADP
ijtc-734	93	20	roa	roa	NOUN
ijtc-734	93	21	and	and	CCONJ
ijtc-734	93	22	vice	vice	PROPN
ijtc-734	93	23	versa	versa	ADV
ijtc-734	93	24	is	be	AUX
ijtc-734	93	25	0.878139	0.878139	NUM
ijtc-734	93	26	,	,	PUNCT
ijtc-734	93	27	this	this	PRON
ijtc-734	93	28	indicates	indicate	VERB
ijtc-734	93	29	a	a	DET
ijtc-734	93	30	correlation	correlation	NOUN
ijtc-734	93	31	value	value	NOUN
ijtc-734	93	32	of	of	ADP
ijtc-734	93	33	0.878139	0.878139	NUM
ijtc-734	93	34	<	<	X
ijtc-734	93	35	0.90	0.90	NUM
ijtc-734	93	36	.	.	PUNCT
ijtc-734	94	1	so	so	ADV
ijtc-734	94	2	,	,	PUNCT
ijtc-734	94	3	it	it	PRON
ijtc-734	94	4	is	be	AUX
ijtc-734	94	5	certain	certain	ADJ
ijtc-734	94	6	that	that	SCONJ
ijtc-734	94	7	there	there	PRON
ijtc-734	94	8	is	be	VERB
ijtc-734	94	9	no	no	DET
ijtc-734	94	10	indication	indication	NOUN
ijtc-734	94	11	of	of	ADP
ijtc-734	94	12	multicollinearity	multicollinearity	NOUN
ijtc-734	94	13	between	between	ADP
ijtc-734	94	14	these	these	DET
ijtc-734	94	15	two	two	NUM
ijtc-734	94	16	x	x	ADJ
ijtc-734	94	17	variables	variable	NOUN
ijtc-734	94	18	.	.	PUNCT
ijtc-734	95	1	table	table	NOUN
ijtc-734	95	2	6	6	NUM
ijtc-734	95	3	.	.	X
ijtc-734	95	4	autocorrelation	autocorrelation	NOUN
ijtc-734	95	5	test	test	NOUN
ijtc-734	95	6	source	source	NOUN
ijtc-734	95	7	:	:	PUNCT
ijtc-734	95	8	research	research	NOUN
ijtc-734	95	9	results	result	NOUN
ijtc-734	95	10	,	,	PUNCT
ijtc-734	95	11	2023	2023	NUM
ijtc-734	95	12	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADJ
ijtc-734	95	13	reviewing	review	VERB
ijtc-734	95	14	internal	internal	ADJ
ijtc-734	95	15	variables	variable	NOUN
ijtc-734	95	16	on	on	ADP
ijtc-734	95	17	the	the	DET
ijtc-734	95	18	level	level	NOUN
ijtc-734	95	19	of	of	ADP
ijtc-734	95	20	underpricing	underpricing	NOUN
ijtc-734	95	21	of	of	ADP
ijtc-734	95	22	ipo	ipo	NOUN
ijtc-734	95	23	shares	share	NOUN
ijtc-734	95	24	(	(	PUNCT
ijtc-734	95	25	observation	observation	NOUN
ijtc-734	95	26	of	of	ADP
ijtc-734	95	27	the	the	DET
ijtc-734	95	28	company	company	NOUN
ijtc-734	95	29	go	go	VERB
ijtc-734	95	30	public	public	ADJ
ijtc-734	95	31	on	on	ADP
ijtc-734	95	32	idx	idx	NOUN
ijtc-734	95	33	2021	2021	NUM
ijtc-734	95	34	-	-	SYM
ijtc-734	95	35	2022	2022	NUM
ijtc-734	95	36	)	)	PUNCT
ijtc-734	95	37	yandes	yande	NOUN
ijtc-734	95	38	and	and	CCONJ
ijtc-734	95	39	nugroho	nugroho	NOUN
ijtc-734	95	40	318	318	NUM
ijtc-734	95	41	|	|	ADV
ijtc-734	95	42	ilomata	ilomata	PROPN
ijtc-734	95	43	international	international	ADJ
ijtc-734	95	44	journal	journal	NOUN
ijtc-734	95	45	of	of	ADP
ijtc-734	95	46	tax	tax	PROPN
ijtc-734	95	47	&	&	CCONJ
ijtc-734	95	48	accounting	accounting	PROPN
ijtc-734	95	49	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-734	95	50	autocorrelation	autocorrelation	NOUN
ijtc-734	95	51	tests	test	NOUN
ijtc-734	95	52	are	be	AUX
ijtc-734	95	53	used	use	VERB
ijtc-734	95	54	to	to	PART
ijtc-734	95	55	test	test	VERB
ijtc-734	95	56	whether	whether	SCONJ
ijtc-734	95	57	in	in	ADP
ijtc-734	95	58	a	a	DET
ijtc-734	95	59	linear	linear	ADJ
ijtc-734	95	60	regression	regression	NOUN
ijtc-734	95	61	model	model	NOUN
ijtc-734	95	62	there	there	PRON
ijtc-734	95	63	is	be	VERB
ijtc-734	95	64	a	a	DET
ijtc-734	95	65	correlation	correlation	NOUN
ijtc-734	95	66	between	between	ADP
ijtc-734	95	67	confounding	confound	VERB
ijtc-734	95	68	errors	error	NOUN
ijtc-734	95	69	(	(	PUNCT
ijtc-734	95	70	residuals	residual	NOUN
ijtc-734	95	71	)	)	PUNCT
ijtc-734	95	72	in	in	ADP
ijtc-734	95	73	period	period	NOUN
ijtc-734	95	74	t	t	NOUN
ijtc-734	95	75	with	with	ADP
ijtc-734	95	76	errors	error	NOUN
ijtc-734	95	77	in	in	ADP
ijtc-734	95	78	period	period	NOUN
ijtc-734	95	79	t-1	t-1	PROPN
ijtc-734	95	80	(	(	PUNCT
ijtc-734	95	81	previously	previously	ADV
ijtc-734	95	82	)	)	PUNCT
ijtc-734	95	83	(	(	PUNCT
ijtc-734	95	84	ghozali	ghozali	VERB
ijtc-734	95	85	&	&	CCONJ
ijtc-734	95	86	;	;	PUNCT
ijtc-734	95	87	ratmono	ratmono	PROPN
ijtc-734	95	88	,	,	PUNCT
ijtc-734	95	89	2017	2017	NUM
ijtc-734	95	90	)	)	PUNCT
ijtc-734	95	91	.	.	PUNCT
ijtc-734	96	1	the	the	DET
ijtc-734	96	2	results	result	NOUN
ijtc-734	96	3	of	of	ADP
ijtc-734	96	4	the	the	DET
ijtc-734	96	5	lm	lm	PROPN
ijtc-734	96	6	value	value	NOUN
ijtc-734	96	7	test	test	NOUN
ijtc-734	96	8	that	that	PRON
ijtc-734	96	9	we	we	PRON
ijtc-734	96	10	can	can	AUX
ijtc-734	96	11	see	see	VERB
ijtc-734	96	12	above	above	ADV
ijtc-734	96	13	,	,	PUNCT
ijtc-734	96	14	show	show	VERB
ijtc-734	96	15	the	the	DET
ijtc-734	96	16	value	value	NOUN
ijtc-734	96	17	of	of	ADP
ijtc-734	96	18	prob	prob	PROPN
ijtc-734	96	19	.	.	PUNCT
ijtc-734	97	1	chi	chi	ADJ
ijtc-734	97	2	-	-	PUNCT
ijtc-734	97	3	square	square	NOUN
ijtc-734	97	4	(	(	PUNCT
ijtc-734	97	5	from	from	ADP
ijtc-734	97	6	obs*r	obs*r	NOUN
ijtc-734	97	7	-	-	PUNCT
ijtc-734	97	8	squared	square	VERB
ijtc-734	97	9	value	value	NOUN
ijtc-734	97	10	)	)	PUNCT
ijtc-734	97	11	is	be	AUX
ijtc-734	97	12	0.2239	0.2239	NUM
ijtc-734	97	13	,	,	PUNCT
ijtc-734	97	14	this	this	PRON
ijtc-734	97	15	indicates	indicate	VERB
ijtc-734	97	16	0.2239	0.2239	NUM
ijtc-734	97	17	>	>	SYM
ijtc-734	97	18	0.05	0.05	NUM
ijtc-734	97	19	which	which	PRON
ijtc-734	97	20	means	mean	VERB
ijtc-734	97	21	there	there	PRON
ijtc-734	97	22	are	be	VERB
ijtc-734	97	23	no	no	DET
ijtc-734	97	24	autocorrelation	autocorrelation	NOUN
ijtc-734	97	25	symptoms	symptom	NOUN
ijtc-734	97	26	.	.	PUNCT
ijtc-734	98	1	table	table	NOUN
ijtc-734	98	2	7	7	NUM
ijtc-734	98	3	.	.	PUNCT
ijtc-734	99	1	heteroscedasticity	heteroscedasticity	NOUN
ijtc-734	99	2	test	test	NOUN
ijtc-734	99	3	(	(	PUNCT
ijtc-734	99	4	glejser	glejser	NOUN
ijtc-734	99	5	)	)	PUNCT
ijtc-734	99	6	source	source	NOUN
ijtc-734	99	7	:	:	PUNCT
ijtc-734	99	8	research	research	NOUN
ijtc-734	99	9	results	result	NOUN
ijtc-734	99	10	,	,	PUNCT
ijtc-734	99	11	2023	2023	NUM
ijtc-734	99	12	the	the	DET
ijtc-734	99	13	heteroscedasticity	heteroscedasticity	NOUN
ijtc-734	99	14	test	test	NOUN
ijtc-734	99	15	is	be	AUX
ijtc-734	99	16	used	use	VERB
ijtc-734	99	17	to	to	PART
ijtc-734	99	18	see	see	VERB
ijtc-734	99	19	if	if	SCONJ
ijtc-734	99	20	in	in	ADP
ijtc-734	99	21	the	the	DET
ijtc-734	99	22	regression	regression	NOUN
ijtc-734	99	23	model	model	NOUN
ijtc-734	99	24	there	there	ADV
ijtc-734	99	25	an	an	DET
ijtc-734	99	26	inequality	inequality	NOUN
ijtc-734	99	27	of	of	ADP
ijtc-734	99	28	variance	variance	NOUN
ijtc-734	99	29	from	from	ADP
ijtc-734	99	30	residual	residual	ADJ
ijtc-734	99	31	observations	observation	NOUN
ijtc-734	99	32	to	to	ADP
ijtc-734	99	33	one	one	NUM
ijtc-734	99	34	observation	observation	NOUN
ijtc-734	99	35	to	to	ADP
ijtc-734	99	36	another	another	PRON
ijtc-734	99	37	is	be	AUX
ijtc-734	99	38	(	(	PUNCT
ijtc-734	99	39	ghozali	ghozali	PROPN
ijtc-734	99	40	&	&	CCONJ
ijtc-734	99	41	;	;	PUNCT
ijtc-734	99	42	ratmono	ratmono	PROPN
ijtc-734	99	43	,	,	PUNCT
ijtc-734	99	44	2017	2017	NUM
ijtc-734	99	45	)	)	PUNCT
ijtc-734	99	46	.	.	PUNCT
ijtc-734	100	1	if	if	SCONJ
ijtc-734	100	2	the	the	DET
ijtc-734	100	3	value	value	NOUN
ijtc-734	100	4	produced	produce	VERB
ijtc-734	100	5	by	by	ADP
ijtc-734	100	6	the	the	DET
ijtc-734	100	7	probability	probability	NOUN
ijtc-734	100	8	of	of	ADP
ijtc-734	100	9	the	the	DET
ijtc-734	100	10	independent	independent	ADJ
ijtc-734	100	11	variable	variable	NOUN
ijtc-734	100	12	is	be	AUX
ijtc-734	100	13	greater	great	ADJ
ijtc-734	100	14	than	than	ADP
ijtc-734	100	15	(	(	PUNCT
ijtc-734	100	16	>	>	X
ijtc-734	100	17	)	)	PUNCT
ijtc-734	100	18	0.05	0.05	NUM
ijtc-734	100	19	,	,	PUNCT
ijtc-734	100	20	heteroscedasticity	heteroscedasticity	NOUN
ijtc-734	100	21	does	do	AUX
ijtc-734	100	22	not	not	PART
ijtc-734	100	23	occur	occur	VERB
ijtc-734	100	24	.	.	PUNCT
ijtc-734	101	1	so	so	ADV
ijtc-734	101	2	,	,	PUNCT
ijtc-734	101	3	the	the	DET
ijtc-734	101	4	interpretation	interpretation	NOUN
ijtc-734	101	5	based	base	VERB
ijtc-734	101	6	on	on	ADP
ijtc-734	101	7	the	the	DET
ijtc-734	101	8	table	table	NOUN
ijtc-734	101	9	above	above	ADV
ijtc-734	101	10	,	,	PUNCT
ijtc-734	101	11	the	the	DET
ijtc-734	101	12	value	value	NOUN
ijtc-734	101	13	of	of	ADP
ijtc-734	101	14	prob	prob	PROPN
ijtc-734	101	15	.	.	PUNCT
ijtc-734	102	1	chi	chi	ADJ
ijtc-734	102	2	-	-	PUNCT
ijtc-734	102	3	square	square	NOUN
ijtc-734	102	4	(	(	PUNCT
ijtc-734	102	5	from	from	ADP
ijtc-734	102	6	obs*r	obs*r	NOUN
ijtc-734	102	7	-	-	PUNCT
ijtc-734	102	8	squared	square	VERB
ijtc-734	102	9	value	value	NOUN
ijtc-734	102	10	)	)	PUNCT
ijtc-734	102	11	is	be	AUX
ijtc-734	102	12	0.5752	0.5752	NUM
ijtc-734	102	13	>	>	PUNCT
ijtc-734	102	14	0.05	0.05	NUM
ijtc-734	102	15	,	,	PUNCT
ijtc-734	102	16	and	and	CCONJ
ijtc-734	102	17	it	it	PRON
ijtc-734	102	18	means	mean	VERB
ijtc-734	102	19	that	that	SCONJ
ijtc-734	102	20	from	from	ADP
ijtc-734	102	21	these	these	DET
ijtc-734	102	22	results	result	NOUN
ijtc-734	102	23	there	there	PRON
ijtc-734	102	24	is	be	VERB
ijtc-734	102	25	no	no	DET
ijtc-734	102	26	heteroscedasticity	heteroscedasticity	NOUN
ijtc-734	102	27	problem	problem	NOUN
ijtc-734	102	28	.	.	PUNCT
ijtc-734	103	1	table	table	NOUN
ijtc-734	103	2	8	8	NUM
ijtc-734	103	3	.	.	PUNCT
ijtc-734	104	1	multiple	multiple	ADJ
ijtc-734	104	2	linear	linear	PROPN
ijtc-734	104	3	regression	regression	NOUN
ijtc-734	104	4	analysis	analysis	NOUN
ijtc-734	104	5	source	source	NOUN
ijtc-734	104	6	:	:	PUNCT
ijtc-734	104	7	research	research	NOUN
ijtc-734	104	8	results	result	NOUN
ijtc-734	104	9	,	,	PUNCT
ijtc-734	104	10	2023	2023	NUM
ijtc-734	104	11	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADJ
ijtc-734	104	12	reviewing	review	VERB
ijtc-734	104	13	internal	internal	ADJ
ijtc-734	104	14	variables	variable	NOUN
ijtc-734	104	15	on	on	ADP
ijtc-734	104	16	the	the	DET
ijtc-734	104	17	level	level	NOUN
ijtc-734	104	18	of	of	ADP
ijtc-734	104	19	underpricing	underpricing	NOUN
ijtc-734	104	20	of	of	ADP
ijtc-734	104	21	ipo	ipo	NOUN
ijtc-734	104	22	shares	share	NOUN
ijtc-734	104	23	(	(	PUNCT
ijtc-734	104	24	observation	observation	NOUN
ijtc-734	104	25	of	of	ADP
ijtc-734	104	26	the	the	DET
ijtc-734	104	27	company	company	NOUN
ijtc-734	104	28	go	go	VERB
ijtc-734	104	29	public	public	ADJ
ijtc-734	104	30	on	on	ADP
ijtc-734	104	31	idx	idx	NOUN
ijtc-734	104	32	2021	2021	NUM
ijtc-734	104	33	-	-	SYM
ijtc-734	104	34	2022	2022	NUM
ijtc-734	104	35	)	)	PUNCT
ijtc-734	104	36	yandes	yande	NOUN
ijtc-734	104	37	and	and	CCONJ
ijtc-734	104	38	nugroho	nugroho	NOUN
ijtc-734	104	39	319	319	NUM
ijtc-734	104	40	|	|	ADV
ijtc-734	104	41	ilomata	ilomata	PROPN
ijtc-734	104	42	international	international	ADJ
ijtc-734	104	43	journal	journal	NOUN
ijtc-734	104	44	of	of	ADP
ijtc-734	104	45	tax	tax	PROPN
ijtc-734	104	46	&	&	CCONJ
ijtc-734	104	47	accounting	accounting	PROPN
ijtc-734	104	48	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-734	104	49	taking	taking	NOUN
ijtc-734	104	50	into	into	ADP
ijtc-734	104	51	account	account	NOUN
ijtc-734	104	52	the	the	DET
ijtc-734	104	53	results	result	NOUN
ijtc-734	104	54	of	of	ADP
ijtc-734	104	55	the	the	DET
ijtc-734	104	56	multiple	multiple	ADJ
ijtc-734	104	57	linear	linear	ADJ
ijtc-734	104	58	regression	regression	NOUN
ijtc-734	104	59	output	output	NOUN
ijtc-734	104	60	values	value	NOUN
ijtc-734	104	61	above	above	ADP
ijtc-734	104	62	seconded	second	VERB
ijtc-734	104	63	by	by	ADP
ijtc-734	104	64	the	the	DET
ijtc-734	104	65	eviews	eviews	PROPN
ijtc-734	104	66	program	program	NOUN
ijtc-734	104	67	,	,	PUNCT
ijtc-734	104	68	it	it	PRON
ijtc-734	104	69	can	can	AUX
ijtc-734	104	70	be	be	AUX
ijtc-734	104	71	narrated	narrate	VERB
ijtc-734	104	72	that	that	SCONJ
ijtc-734	104	73	the	the	DET
ijtc-734	104	74	value	value	NOUN
ijtc-734	104	75	of	of	ADP
ijtc-734	104	76	the	the	DET
ijtc-734	104	77	constant	constant	ADJ
ijtc-734	104	78	(	(	PUNCT
ijtc-734	104	79	c	c	NOUN
ijtc-734	104	80	)	)	PUNCT
ijtc-734	104	81	shows	show	VERB
ijtc-734	104	82	24.82519	24.82519	NUM
ijtc-734	104	83	,	,	PUNCT
ijtc-734	104	84	roe	roe	PROPN
ijtc-734	104	85	has	have	VERB
ijtc-734	104	86	a	a	DET
ijtc-734	104	87	variable	variable	ADJ
ijtc-734	104	88	coefficient	coefficient	NOUN
ijtc-734	104	89	value	value	NOUN
ijtc-734	104	90	of	of	ADP
ijtc-734	104	91	-0.271953	-0.271953	NOUN
ijtc-734	104	92	,	,	PUNCT
ijtc-734	104	93	and	and	CCONJ
ijtc-734	104	94	roa	roa	PROPN
ijtc-734	104	95	shows	show	VERB
ijtc-734	104	96	a	a	DET
ijtc-734	104	97	variable	variable	ADJ
ijtc-734	104	98	coefficient	coefficient	NOUN
ijtc-734	104	99	value	value	NOUN
ijtc-734	104	100	of	of	ADP
ijtc-734	104	101	0.532466	0.532466	NUM
ijtc-734	104	102	.	.	PUNCT
ijtc-734	105	1	from	from	ADP
ijtc-734	105	2	the	the	DET
ijtc-734	105	3	results	result	NOUN
ijtc-734	105	4	and	and	CCONJ
ijtc-734	105	5	narrative	narrative	NOUN
ijtc-734	105	6	of	of	ADP
ijtc-734	105	7	the	the	DET
ijtc-734	105	8	multiple	multiple	ADJ
ijtc-734	105	9	linear	linear	ADJ
ijtc-734	105	10	regression	regression	NOUN
ijtc-734	105	11	analysis	analysis	NOUN
ijtc-734	105	12	value	value	NOUN
ijtc-734	105	13	figures	figure	NOUN
ijtc-734	105	14	,	,	PUNCT
ijtc-734	105	15	the	the	DET
ijtc-734	105	16	following	follow	VERB
ijtc-734	105	17	research	research	NOUN
ijtc-734	105	18	model	model	NOUN
ijtc-734	105	19	was	be	AUX
ijtc-734	105	20	formed	form	VERB
ijtc-734	105	21	:	:	PUNCT
ijtc-734	105	22	underpricing	underprice	VERB
ijtc-734	105	23	=	=	PUNCT
ijtc-734	105	24	24,82519	24,82519	NUM
ijtc-734	105	25	+	+	CCONJ
ijtc-734	105	26	(	(	PUNCT
ijtc-734	105	27	-0,271953	-0,271953	INTJ
ijtc-734	105	28	roe	roe	NOUN
ijtc-734	105	29	)	)	PUNCT
ijtc-734	106	1	+	+	CCONJ
ijtc-734	106	2	0,532466	0,532466	PROPN
ijtc-734	106	3	roa	roa	NOUN
ijtc-734	106	4	+	+	CCONJ
ijtc-734	106	5	e	e	NOUN
ijtc-734	106	6	……	……	NOUN
ijtc-734	106	7	the	the	DET
ijtc-734	106	8	constant	constant	ADJ
ijtc-734	106	9	value	value	NOUN
ijtc-734	106	10	obtained	obtain	VERB
ijtc-734	106	11	is	be	AUX
ijtc-734	106	12	24.82519	24.82519	NUM
ijtc-734	106	13	,	,	PUNCT
ijtc-734	106	14	meaning	mean	VERB
ijtc-734	106	15	that	that	SCONJ
ijtc-734	106	16	if	if	SCONJ
ijtc-734	106	17	the	the	DET
ijtc-734	106	18	independent	independent	ADJ
ijtc-734	106	19	variables	variable	NOUN
ijtc-734	106	20	(	(	PUNCT
ijtc-734	106	21	roe	roe	NOUN
ijtc-734	106	22	and	and	CCONJ
ijtc-734	106	23	roa	roa	PROPN
ijtc-734	106	24	variables	variable	NOUN
ijtc-734	106	25	)	)	PUNCT
ijtc-734	106	26	are	be	AUX
ijtc-734	106	27	considered	consider	VERB
ijtc-734	106	28	constant	constant	ADJ
ijtc-734	106	29	(	(	PUNCT
ijtc-734	106	30	0	0	NUM
ijtc-734	106	31	values	value	NOUN
ijtc-734	106	32	)	)	PUNCT
ijtc-734	106	33	,	,	PUNCT
ijtc-734	106	34	it	it	PRON
ijtc-734	106	35	can	can	AUX
ijtc-734	106	36	be	be	AUX
ijtc-734	106	37	interpreted	interpret	VERB
ijtc-734	106	38	that	that	SCONJ
ijtc-734	106	39	the	the	DET
ijtc-734	106	40	dependent	dependent	ADJ
ijtc-734	106	41	variable	variable	NOUN
ijtc-734	106	42	(	(	PUNCT
ijtc-734	106	43	underpricing	underprice	VERB
ijtc-734	106	44	)	)	PUNCT
ijtc-734	106	45	will	will	AUX
ijtc-734	106	46	be	be	AUX
ijtc-734	106	47	valued	value	VERB
ijtc-734	106	48	at	at	ADP
ijtc-734	106	49	24.82519	24.82519	NUM
ijtc-734	106	50	.	.	PUNCT
ijtc-734	107	1	furthermore	furthermore	ADV
ijtc-734	107	2	,	,	PUNCT
ijtc-734	107	3	the	the	DET
ijtc-734	107	4	roe	roe	NOUN
ijtc-734	107	5	repression	repression	NOUN
ijtc-734	107	6	coefficient	coefficient	NOUN
ijtc-734	107	7	has	have	VERB
ijtc-734	107	8	a	a	DET
ijtc-734	107	9	value	value	NOUN
ijtc-734	107	10	of	of	ADP
ijtc-734	107	11	-0.271953	-0.271953	NOUN
ijtc-734	107	12	.	.	PUNCT
ijtc-734	108	1	it	it	PRON
ijtc-734	108	2	can	can	AUX
ijtc-734	108	3	be	be	AUX
ijtc-734	108	4	interpreted	interpret	VERB
ijtc-734	108	5	that	that	SCONJ
ijtc-734	108	6	if	if	SCONJ
ijtc-734	108	7	roe	roe	NOUN
ijtc-734	108	8	experiences	experience	VERB
ijtc-734	108	9	an	an	DET
ijtc-734	108	10	increase	increase	NOUN
ijtc-734	108	11	of	of	ADP
ijtc-734	108	12	1	1	NUM
ijtc-734	108	13	%	%	NOUN
ijtc-734	108	14	,	,	PUNCT
ijtc-734	108	15	the	the	DET
ijtc-734	108	16	dependent	dependent	ADJ
ijtc-734	108	17	variable	variable	NOUN
ijtc-734	108	18	(	(	PUNCT
ijtc-734	108	19	underpricing	underprice	VERB
ijtc-734	108	20	)	)	PUNCT
ijtc-734	108	21	experiences	experience	VERB
ijtc-734	108	22	a	a	DET
ijtc-734	108	23	decrease	decrease	NOUN
ijtc-734	108	24	in	in	ADP
ijtc-734	108	25	value	value	NOUN
ijtc-734	108	26	of	of	ADP
ijtc-734	108	27	0.271953	0.271953	NUM
ijtc-734	108	28	,	,	PUNCT
ijtc-734	108	29	even	even	ADV
ijtc-734	108	30	vice	vice	ADV
ijtc-734	108	31	versa	versa	ADV
ijtc-734	108	32	,	,	PUNCT
ijtc-734	108	33	assuming	assume	VERB
ijtc-734	108	34	the	the	DET
ijtc-734	108	35	regression	regression	NOUN
ijtc-734	108	36	coefficient	coefficient	NOUN
ijtc-734	108	37	of	of	ADP
ijtc-734	108	38	other	other	ADJ
ijtc-734	108	39	variables	variable	NOUN
ijtc-734	108	40	is	be	AUX
ijtc-734	108	41	zero	zero	NUM
ijtc-734	108	42	(	(	PUNCT
ijtc-734	108	43	0	0	NUM
ijtc-734	108	44	)	)	PUNCT
ijtc-734	108	45	.	.	PUNCT
ijtc-734	109	1	finally	finally	ADV
ijtc-734	109	2	,	,	PUNCT
ijtc-734	109	3	the	the	DET
ijtc-734	109	4	roa	roa	PROPN
ijtc-734	109	5	regression	regression	NOUN
ijtc-734	109	6	coefficient	coefficient	NOUN
ijtc-734	109	7	has	have	VERB
ijtc-734	109	8	a	a	DET
ijtc-734	109	9	regression	regression	NOUN
ijtc-734	109	10	coefficient	coefficient	NOUN
ijtc-734	109	11	of	of	ADP
ijtc-734	109	12	0.532466	0.532466	NUM
ijtc-734	109	13	.	.	PUNCT
ijtc-734	110	1	it	it	PRON
ijtc-734	110	2	is	be	AUX
ijtc-734	110	3	interpreted	interpret	VERB
ijtc-734	110	4	that	that	SCONJ
ijtc-734	110	5	if	if	SCONJ
ijtc-734	110	6	roa	roa	PROPN
ijtc-734	110	7	experiences	experience	VERB
ijtc-734	110	8	an	an	DET
ijtc-734	110	9	increase	increase	NOUN
ijtc-734	110	10	of	of	ADP
ijtc-734	110	11	1	1	NUM
ijtc-734	110	12	%	%	NOUN
ijtc-734	110	13	,	,	PUNCT
ijtc-734	110	14	the	the	DET
ijtc-734	110	15	dependent	dependent	ADJ
ijtc-734	110	16	variable	variable	NOUN
ijtc-734	110	17	(	(	PUNCT
ijtc-734	110	18	underpricing	underprice	VERB
ijtc-734	110	19	)	)	PUNCT
ijtc-734	110	20	experiences	experience	VERB
ijtc-734	110	21	an	an	DET
ijtc-734	110	22	increase	increase	NOUN
ijtc-734	110	23	of	of	ADP
ijtc-734	110	24	0.532466	0.532466	NUM
ijtc-734	110	25	,	,	PUNCT
ijtc-734	110	26	even	even	ADV
ijtc-734	110	27	vice	vice	ADV
ijtc-734	110	28	versa	versa	ADV
ijtc-734	110	29	,	,	PUNCT
ijtc-734	110	30	assuming	assume	VERB
ijtc-734	110	31	the	the	DET
ijtc-734	110	32	regression	regression	NOUN
ijtc-734	110	33	coefficient	coefficient	NOUN
ijtc-734	110	34	of	of	ADP
ijtc-734	110	35	other	other	ADJ
ijtc-734	110	36	variables	variable	NOUN
ijtc-734	110	37	is	be	AUX
ijtc-734	110	38	zero	zero	NUM
ijtc-734	110	39	(	(	PUNCT
ijtc-734	110	40	0	0	NUM
ijtc-734	110	41	)	)	PUNCT
ijtc-734	110	42	.	.	PUNCT
ijtc-734	111	1	the	the	DET
ijtc-734	111	2	table	table	NOUN
ijtc-734	111	3	above	above	ADV
ijtc-734	111	4	also	also	ADV
ijtc-734	111	5	contains	contain	VERB
ijtc-734	111	6	the	the	DET
ijtc-734	111	7	coefficient	coefficient	NOUN
ijtc-734	111	8	of	of	ADP
ijtc-734	111	9	determination	determination	NOUN
ijtc-734	111	10	showing	show	VERB
ijtc-734	111	11	an	an	DET
ijtc-734	111	12	adjusted	adjusted	ADJ
ijtc-734	111	13	r	r	NOUN
ijtc-734	111	14	-	-	PUNCT
ijtc-734	111	15	square	square	ADJ
ijtc-734	111	16	value	value	NOUN
ijtc-734	111	17	of	of	ADP
ijtc-734	111	18	0.120164	0.120164	NUM
ijtc-734	111	19	,	,	PUNCT
ijtc-734	111	20	the	the	DET
ijtc-734	111	21	results	result	NOUN
ijtc-734	111	22	of	of	ADP
ijtc-734	111	23	this	this	DET
ijtc-734	111	24	calculation	calculation	NOUN
ijtc-734	111	25	mean	mean	VERB
ijtc-734	111	26	that	that	SCONJ
ijtc-734	111	27	12.0164	12.0164	NUM
ijtc-734	111	28	%	%	NOUN
ijtc-734	111	29	of	of	ADP
ijtc-734	111	30	underpricing	underprice	VERB
ijtc-734	111	31	variations	variation	NOUN
ijtc-734	111	32	can	can	AUX
ijtc-734	111	33	be	be	AUX
ijtc-734	111	34	explained	explain	VERB
ijtc-734	111	35	by	by	ADP
ijtc-734	111	36	roe	roe	PROPN
ijtc-734	111	37	and	and	CCONJ
ijtc-734	111	38	roa	roa	PROPN
ijtc-734	111	39	,	,	PUNCT
ijtc-734	111	40	while	while	SCONJ
ijtc-734	111	41	the	the	DET
ijtc-734	111	42	remaining	remain	VERB
ijtc-734	111	43	87.836	87.836	NUM
ijtc-734	111	44	%	%	NOUN
ijtc-734	111	45	can	can	AUX
ijtc-734	111	46	be	be	AUX
ijtc-734	111	47	explained	explain	VERB
ijtc-734	111	48	by	by	ADP
ijtc-734	111	49	variables	variable	NOUN
ijtc-734	111	50	outside	outside	ADP
ijtc-734	111	51	the	the	DET
ijtc-734	111	52	model	model	NOUN
ijtc-734	111	53	.	.	PUNCT
ijtc-734	112	1	then	then	ADV
ijtc-734	112	2	the	the	DET
ijtc-734	112	3	table	table	NOUN
ijtc-734	112	4	also	also	ADV
ijtc-734	112	5	shows	show	VERB
ijtc-734	112	6	the	the	DET
ijtc-734	112	7	results	result	NOUN
ijtc-734	112	8	of	of	ADP
ijtc-734	112	9	the	the	DET
ijtc-734	112	10	t	t	PROPN
ijtc-734	112	11	test	test	NOUN
ijtc-734	112	12	(	(	PUNCT
ijtc-734	112	13	partial	partial	ADJ
ijtc-734	112	14	)	)	PUNCT
ijtc-734	112	15	,	,	PUNCT
ijtc-734	112	16	where	where	SCONJ
ijtc-734	112	17	according	accord	VERB
ijtc-734	112	18	to	to	ADP
ijtc-734	112	19	(	(	PUNCT
ijtc-734	112	20	imam	imam	NOUN
ijtc-734	112	21	,	,	PUNCT
ijtc-734	112	22	2011	2011	NUM
ijtc-734	112	23	)	)	PUNCT
ijtc-734	112	24	,	,	PUNCT
ijtc-734	112	25	if	if	SCONJ
ijtc-734	112	26	the	the	DET
ijtc-734	112	27	value	value	NOUN
ijtc-734	112	28	of	of	ADP
ijtc-734	112	29	sig	sig	NOUN
ijtc-734	112	30	.	.	PUNCT
ijtc-734	113	1	<	<	X
ijtc-734	113	2	0.05	0.05	NUM
ijtc-734	113	3	then	then	ADV
ijtc-734	113	4	it	it	PRON
ijtc-734	113	5	means	mean	VERB
ijtc-734	113	6	that	that	SCONJ
ijtc-734	113	7	variable	variable	NOUN
ijtc-734	113	8	x	x	PUNCT
ijtc-734	113	9	partially	partially	ADV
ijtc-734	113	10	affects	affect	VERB
ijtc-734	113	11	variable	variable	ADJ
ijtc-734	113	12	y	y	PROPN
ijtc-734	113	13	,	,	PUNCT
ijtc-734	113	14	in	in	ADP
ijtc-734	113	15	this	this	DET
ijtc-734	113	16	case	case	NOUN
ijtc-734	113	17	the	the	DET
ijtc-734	113	18	value	value	NOUN
ijtc-734	113	19	of	of	ADP
ijtc-734	113	20	sig	sig	NOUN
ijtc-734	113	21	is	be	AUX
ijtc-734	113	22	equal	equal	ADJ
ijtc-734	113	23	to	to	ADP
ijtc-734	113	24	the	the	DET
ijtc-734	113	25	value	value	NOUN
ijtc-734	113	26	of	of	ADP
ijtc-734	113	27	prob	prob	PROPN
ijtc-734	113	28	.	.	PROPN
ijtc-734	113	29	,	,	PUNCT
ijtc-734	113	30	and	and	CCONJ
ijtc-734	113	31	vice	vice	ADV
ijtc-734	113	32	versa	versa	ADV
ijtc-734	113	33	.	.	PUNCT
ijtc-734	114	1	looking	look	VERB
ijtc-734	114	2	at	at	ADP
ijtc-734	114	3	the	the	DET
ijtc-734	114	4	results	result	NOUN
ijtc-734	114	5	of	of	ADP
ijtc-734	114	6	the	the	DET
ijtc-734	114	7	table	table	NOUN
ijtc-734	114	8	above	above	ADV
ijtc-734	114	9	,	,	PUNCT
ijtc-734	114	10	we	we	PRON
ijtc-734	114	11	get	get	VERB
ijtc-734	114	12	the	the	DET
ijtc-734	114	13	value	value	NOUN
ijtc-734	114	14	of	of	ADP
ijtc-734	114	15	prob	prob	PROPN
ijtc-734	114	16	.	.	PUNCT
ijtc-734	115	1	roe	roe	PROPN
ijtc-734	115	2	(	(	PUNCT
ijtc-734	115	3	0.0026	0.0026	NUM
ijtc-734	115	4	)	)	PUNCT
ijtc-734	115	5	and	and	CCONJ
ijtc-734	115	6	prob	prob	NOUN
ijtc-734	115	7	value	value	NOUN
ijtc-734	115	8	.	.	PUNCT
ijtc-734	116	1	roa	roa	PROPN
ijtc-734	116	2	(	(	PUNCT
ijtc-734	116	3	0.0024	0.0024	NUM
ijtc-734	116	4	)	)	PUNCT
ijtc-734	116	5	,	,	PUNCT
ijtc-734	116	6	this	this	PRON
ijtc-734	116	7	means	mean	VERB
ijtc-734	116	8	that	that	SCONJ
ijtc-734	116	9	roe	roe	PROPN
ijtc-734	116	10	and	and	CCONJ
ijtc-734	116	11	roa	roa	PROPN
ijtc-734	116	12	factors	factor	NOUN
ijtc-734	116	13	partially	partially	ADV
ijtc-734	116	14	affect	affect	VERB
ijtc-734	116	15	underpricing	underprice	VERB
ijtc-734	116	16	.	.	PUNCT
ijtc-734	117	1	and	and	CCONJ
ijtc-734	117	2	the	the	DET
ijtc-734	117	3	last	last	ADJ
ijtc-734	117	4	thing	thing	NOUN
ijtc-734	117	5	that	that	PRON
ijtc-734	117	6	can	can	AUX
ijtc-734	117	7	be	be	AUX
ijtc-734	117	8	seen	see	VERB
ijtc-734	117	9	from	from	ADP
ijtc-734	117	10	the	the	DET
ijtc-734	117	11	table	table	NOUN
ijtc-734	117	12	is	be	AUX
ijtc-734	117	13	test	test	NOUN
ijtc-734	117	14	f	f	X
ijtc-734	117	15	(	(	PUNCT
ijtc-734	117	16	simultaneous	simultaneous	ADJ
ijtc-734	117	17	)	)	PUNCT
ijtc-734	117	18	,	,	PUNCT
ijtc-734	117	19	according	accord	VERB
ijtc-734	117	20	to	to	ADP
ijtc-734	117	21	(	(	PUNCT
ijtc-734	117	22	imam	imam	NOUN
ijtc-734	117	23	,	,	PUNCT
ijtc-734	117	24	2011	2011	NUM
ijtc-734	117	25	)	)	PUNCT
ijtc-734	117	26	if	if	SCONJ
ijtc-734	117	27	the	the	DET
ijtc-734	117	28	value	value	NOUN
ijtc-734	117	29	of	of	ADP
ijtc-734	117	30	sig	sig	NOUN
ijtc-734	117	31	.	.	PUNCT
ijtc-734	118	1	<	<	X
ijtc-734	118	2	0.05	0.05	NUM
ijtc-734	118	3	then	then	ADV
ijtc-734	118	4	it	it	PRON
ijtc-734	118	5	means	mean	VERB
ijtc-734	118	6	that	that	SCONJ
ijtc-734	118	7	variable	variable	NOUN
ijtc-734	118	8	x	x	PRON
ijtc-734	118	9	simultaneously	simultaneously	ADV
ijtc-734	118	10	affects	affect	VERB
ijtc-734	118	11	variable	variable	ADJ
ijtc-734	118	12	y	y	PROPN
ijtc-734	118	13	,	,	PUNCT
ijtc-734	118	14	in	in	ADP
ijtc-734	118	15	this	this	DET
ijtc-734	118	16	case	case	NOUN
ijtc-734	118	17	the	the	DET
ijtc-734	118	18	value	value	NOUN
ijtc-734	118	19	of	of	ADP
ijtc-734	118	20	sig	sig	NOUN
ijtc-734	118	21	is	be	AUX
ijtc-734	118	22	equal	equal	ADJ
ijtc-734	118	23	to	to	ADP
ijtc-734	118	24	the	the	DET
ijtc-734	118	25	value	value	NOUN
ijtc-734	118	26	of	of	ADP
ijtc-734	118	27	prob	prob	PROPN
ijtc-734	118	28	.	.	PUNCT
ijtc-734	119	1	the	the	DET
ijtc-734	119	2	results	result	NOUN
ijtc-734	119	3	of	of	ADP
ijtc-734	119	4	the	the	DET
ijtc-734	119	5	table	table	NOUN
ijtc-734	119	6	above	above	ADP
ijtc-734	119	7	show	show	VERB
ijtc-734	119	8	that	that	SCONJ
ijtc-734	119	9	the	the	DET
ijtc-734	119	10	f	f	PROPN
ijtc-734	119	11	test	test	NOUN
ijtc-734	119	12	(	(	PUNCT
ijtc-734	119	13	simultaneous	simultaneous	ADJ
ijtc-734	119	14	)	)	PUNCT
ijtc-734	119	15	gets	get	VERB
ijtc-734	119	16	an	an	DET
ijtc-734	119	17	f	f	NOUN
ijtc-734	119	18	value	value	NOUN
ijtc-734	119	19	with	with	ADP
ijtc-734	119	20	a	a	DET
ijtc-734	119	21	number	number	NOUN
ijtc-734	119	22	of	of	ADP
ijtc-734	119	23	5.302124	5.302124	NUM
ijtc-734	119	24	and	and	CCONJ
ijtc-734	119	25	a	a	DET
ijtc-734	119	26	number	number	NOUN
ijtc-734	119	27	of	of	ADP
ijtc-734	119	28	prob	prob	PROPN
ijtc-734	119	29	.	.	PUNCT
ijtc-734	120	1	test	test	NOUN
ijtc-734	120	2	of	of	ADP
ijtc-734	120	3	0.007532	0.007532	NUM
ijtc-734	120	4	.	.	PUNCT
ijtc-734	121	1	this	this	PRON
ijtc-734	121	2	indicates	indicate	VERB
ijtc-734	121	3	that	that	SCONJ
ijtc-734	121	4	roe	roe	PROPN
ijtc-734	121	5	and	and	CCONJ
ijtc-734	121	6	roa	roa	PROPN
ijtc-734	121	7	factors	factor	NOUN
ijtc-734	121	8	simultaneously	simultaneously	ADV
ijtc-734	121	9	or	or	CCONJ
ijtc-734	121	10	together	together	ADV
ijtc-734	121	11	have	have	VERB
ijtc-734	121	12	an	an	DET
ijtc-734	121	13	influence	influence	NOUN
ijtc-734	121	14	on	on	ADP
ijtc-734	121	15	the	the	DET
ijtc-734	121	16	level	level	NOUN
ijtc-734	121	17	of	of	ADP
ijtc-734	121	18	underpricing	underprice	VERB
ijtc-734	121	19	.	.	PUNCT
ijtc-734	122	1	at	at	ADP
ijtc-734	122	2	the	the	DET
ijtc-734	122	3	beginning	beginning	NOUN
ijtc-734	122	4	it	it	PRON
ijtc-734	122	5	was	be	AUX
ijtc-734	122	6	written	write	VERB
ijtc-734	122	7	that	that	SCONJ
ijtc-734	122	8	the	the	DET
ijtc-734	122	9	submission	submission	NOUN
ijtc-734	122	10	of	of	ADP
ijtc-734	122	11	hypothesis	hypothesis	NOUN
ijtc-734	122	12	testing	testing	NOUN
ijtc-734	122	13	in	in	ADP
ijtc-734	122	14	this	this	DET
ijtc-734	122	15	research	research	NOUN
ijtc-734	122	16	was	be	AUX
ijtc-734	122	17	divided	divide	VERB
ijtc-734	122	18	into	into	ADP
ijtc-734	122	19	three	three	NUM
ijtc-734	122	20	hypotheses	hypothesis	NOUN
ijtc-734	122	21	.	.	PUNCT
ijtc-734	123	1	where	where	SCONJ
ijtc-734	123	2	based	base	VERB
ijtc-734	123	3	on	on	ADP
ijtc-734	123	4	the	the	DET
ijtc-734	123	5	results	result	NOUN
ijtc-734	123	6	of	of	ADP
ijtc-734	123	7	the	the	DET
ijtc-734	123	8	above	above	ADJ
ijtc-734	123	9	tests	test	NOUN
ijtc-734	123	10	,	,	PUNCT
ijtc-734	123	11	namely	namely	ADV
ijtc-734	123	12	the	the	DET
ijtc-734	123	13	t	t	PROPN
ijtc-734	123	14	test	test	NOUN
ijtc-734	123	15	(	(	PUNCT
ijtc-734	123	16	partial	partial	ADJ
ijtc-734	123	17	)	)	PUNCT
ijtc-734	123	18	and	and	CCONJ
ijtc-734	123	19	f	f	PROPN
ijtc-734	123	20	test	test	NOUN
ijtc-734	123	21	(	(	PUNCT
ijtc-734	123	22	simultaneous	simultaneous	ADJ
ijtc-734	123	23	)	)	PUNCT
ijtc-734	123	24	so	so	SCONJ
ijtc-734	123	25	that	that	SCONJ
ijtc-734	123	26	the	the	DET
ijtc-734	123	27	results	result	NOUN
ijtc-734	123	28	of	of	ADP
ijtc-734	123	29	hypothesis	hypothesis	NOUN
ijtc-734	123	30	testing	testing	NOUN
ijtc-734	123	31	are	be	AUX
ijtc-734	123	32	obtained	obtain	VERB
ijtc-734	123	33	among	among	ADP
ijtc-734	123	34	them	they	PRON
ijtc-734	123	35	,	,	PUNCT
ijtc-734	123	36	ha1	ha1	PROPN
ijtc-734	123	37	is	be	AUX
ijtc-734	123	38	accepted	accept	VERB
ijtc-734	123	39	,	,	PUNCT
ijtc-734	123	40	namely	namely	ADV
ijtc-734	123	41	the	the	DET
ijtc-734	123	42	company	company	NOUN
ijtc-734	123	43	's	's	PART
ijtc-734	123	44	roe	roe	NOUN
ijtc-734	123	45	has	have	VERB
ijtc-734	123	46	a	a	DET
ijtc-734	123	47	significant	significant	ADJ
ijtc-734	123	48	influence	influence	NOUN
ijtc-734	123	49	on	on	ADP
ijtc-734	123	50	the	the	DET
ijtc-734	123	51	level	level	NOUN
ijtc-734	123	52	of	of	ADP
ijtc-734	123	53	underpricing	underpricing	NOUN
ijtc-734	123	54	.	.	PUNCT
ijtc-734	124	1	this	this	DET
ijtc-734	124	2	condition	condition	NOUN
ijtc-734	124	3	is	be	AUX
ijtc-734	124	4	similar	similar	ADJ
ijtc-734	124	5	to	to	ADP
ijtc-734	124	6	the	the	DET
ijtc-734	124	7	results	result	NOUN
ijtc-734	124	8	of	of	ADP
ijtc-734	124	9	studies	study	NOUN
ijtc-734	124	10	by	by	ADP
ijtc-734	124	11	(	(	PUNCT
ijtc-734	124	12	sembiring	sembire	VERB
ijtc-734	124	13	et	et	PROPN
ijtc-734	124	14	al	al	PROPN
ijtc-734	124	15	.	.	PROPN
ijtc-734	124	16	,	,	PUNCT
ijtc-734	124	17	2018	2018	NUM
ijtc-734	124	18	)	)	PUNCT
ijtc-734	124	19	and	and	CCONJ
ijtc-734	124	20	(	(	PUNCT
ijtc-734	124	21	mayasari	mayasari	NOUN
ijtc-734	124	22	&	&	CCONJ
ijtc-734	124	23	yulianto	yulianto	PROPN
ijtc-734	124	24	,	,	PUNCT
ijtc-734	124	25	2018	2018	NUM
ijtc-734	124	26	)	)	PUNCT
ijtc-734	124	27	which	which	PRON
ijtc-734	124	28	stated	state	VERB
ijtc-734	124	29	that	that	SCONJ
ijtc-734	124	30	roe	roe	PROPN
ijtc-734	124	31	has	have	VERB
ijtc-734	124	32	an	an	DET
ijtc-734	124	33	influence	influence	NOUN
ijtc-734	124	34	on	on	ADP
ijtc-734	124	35	the	the	DET
ijtc-734	124	36	level	level	NOUN
ijtc-734	124	37	of	of	ADP
ijtc-734	124	38	underpricing	underprice	VERB
ijtc-734	124	39	,	,	PUNCT
ijtc-734	124	40	this	this	PRON
ijtc-734	124	41	indicates	indicate	VERB
ijtc-734	124	42	that	that	SCONJ
ijtc-734	124	43	investors	investor	NOUN
ijtc-734	124	44	still	still	ADV
ijtc-734	124	45	have	have	VERB
ijtc-734	124	46	confidence	confidence	NOUN
ijtc-734	124	47	that	that	SCONJ
ijtc-734	124	48	the	the	DET
ijtc-734	124	49	roe	roe	NOUN
ijtc-734	124	50	value	value	NOUN
ijtc-734	124	51	of	of	ADP
ijtc-734	124	52	an	an	DET
ijtc-734	124	53	issuer	issuer	NOUN
ijtc-734	124	54	can	can	AUX
ijtc-734	124	55	affect	affect	VERB
ijtc-734	124	56	the	the	DET
ijtc-734	124	57	level	level	NOUN
ijtc-734	124	58	of	of	ADP
ijtc-734	124	59	investor	investor	NOUN
ijtc-734	124	60	confidence	confidence	NOUN
ijtc-734	124	61	to	to	PART
ijtc-734	124	62	want	want	VERB
ijtc-734	124	63	or	or	CCONJ
ijtc-734	124	64	not	not	PART
ijtc-734	124	65	invest	invest	VERB
ijtc-734	124	66	in	in	ADP
ijtc-734	124	67	companies	company	NOUN
ijtc-734	124	68	that	that	PRON
ijtc-734	124	69	carry	carry	VERB
ijtc-734	124	70	out	out	ADP
ijtc-734	124	71	ipos	ipos	NOUN
ijtc-734	124	72	so	so	SCONJ
ijtc-734	124	73	that	that	SCONJ
ijtc-734	124	74	it	it	PRON
ijtc-734	124	75	can	can	AUX
ijtc-734	124	76	affect	affect	VERB
ijtc-734	124	77	the	the	DET
ijtc-734	124	78	level	level	NOUN
ijtc-734	124	79	of	of	ADP
ijtc-734	124	80	underpricing	underpricing	NOUN
ijtc-734	124	81	of	of	ADP
ijtc-734	124	82	selected	select	VERB
ijtc-734	124	83	shares	share	NOUN
ijtc-734	124	84	.	.	PUNCT
ijtc-734	125	1	furthermore	furthermore	ADV
ijtc-734	125	2	,	,	PUNCT
ijtc-734	125	3	the	the	DET
ijtc-734	125	4	second	second	ADJ
ijtc-734	125	5	hypothesis	hypothesis	NOUN
ijtc-734	125	6	,	,	PUNCT
ijtc-734	125	7	namely	namely	ADV
ijtc-734	125	8	ha2	ha2	PROPN
ijtc-734	125	9	,	,	PUNCT
ijtc-734	125	10	is	be	AUX
ijtc-734	125	11	accepted	accept	VERB
ijtc-734	125	12	,	,	PUNCT
ijtc-734	125	13	namely	namely	ADV
ijtc-734	125	14	that	that	SCONJ
ijtc-734	125	15	the	the	DET
ijtc-734	125	16	company	company	NOUN
ijtc-734	125	17	's	's	PART
ijtc-734	125	18	roa	roa	NOUN
ijtc-734	125	19	has	have	VERB
ijtc-734	125	20	a	a	DET
ijtc-734	125	21	significant	significant	ADJ
ijtc-734	125	22	influence	influence	NOUN
ijtc-734	125	23	on	on	ADP
ijtc-734	125	24	the	the	DET
ijtc-734	125	25	level	level	NOUN
ijtc-734	125	26	of	of	ADP
ijtc-734	125	27	underpricing	underprice	VERB
ijtc-734	125	28	,	,	PUNCT
ijtc-734	125	29	where	where	SCONJ
ijtc-734	125	30	this	this	DET
ijtc-734	125	31	second	second	ADJ
ijtc-734	125	32	hypothesis	hypothesis	NOUN
ijtc-734	125	33	is	be	AUX
ijtc-734	125	34	similar	similar	ADJ
ijtc-734	125	35	to	to	ADP
ijtc-734	125	36	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADJ
ijtc-734	125	37	reviewing	review	VERB
ijtc-734	125	38	internal	internal	ADJ
ijtc-734	125	39	variables	variable	NOUN
ijtc-734	125	40	on	on	ADP
ijtc-734	125	41	the	the	DET
ijtc-734	125	42	level	level	NOUN
ijtc-734	125	43	of	of	ADP
ijtc-734	125	44	underpricing	underpricing	NOUN
ijtc-734	125	45	of	of	ADP
ijtc-734	125	46	ipo	ipo	NOUN
ijtc-734	125	47	shares	share	NOUN
ijtc-734	125	48	(	(	PUNCT
ijtc-734	125	49	observation	observation	NOUN
ijtc-734	125	50	of	of	ADP
ijtc-734	125	51	the	the	DET
ijtc-734	125	52	company	company	NOUN
ijtc-734	125	53	go	go	VERB
ijtc-734	125	54	public	public	ADJ
ijtc-734	125	55	on	on	ADP
ijtc-734	125	56	idx	idx	NOUN
ijtc-734	125	57	2021	2021	NUM
ijtc-734	125	58	-	-	SYM
ijtc-734	125	59	2022	2022	NUM
ijtc-734	125	60	)	)	PUNCT
ijtc-734	125	61	yandes	yande	NOUN
ijtc-734	125	62	and	and	CCONJ
ijtc-734	125	63	nugroho	nugroho	NOUN
ijtc-734	125	64	320	320	NUM
ijtc-734	125	65	|	|	ADV
ijtc-734	125	66	ilomata	ilomata	NOUN
ijtc-734	125	67	international	international	ADJ
ijtc-734	125	68	journal	journal	NOUN
ijtc-734	125	69	of	of	ADP
ijtc-734	125	70	tax	tax	PROPN
ijtc-734	125	71	&	&	CCONJ
ijtc-734	125	72	accounting	accounting	PROPN
ijtc-734	125	73	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-734	125	74	the	the	DET
ijtc-734	125	75	research	research	NOUN
ijtc-734	125	76	studied	study	VERB
ijtc-734	125	77	by	by	ADP
ijtc-734	125	78	(	(	PUNCT
ijtc-734	125	79	nurazizah	nurazizah	PROPN
ijtc-734	125	80	&	&	CCONJ
ijtc-734	125	81	majidah	majidah	PROPN
ijtc-734	125	82	,	,	PUNCT
ijtc-734	125	83	2019	2019	NUM
ijtc-734	125	84	)	)	PUNCT
ijtc-734	125	85	and	and	CCONJ
ijtc-734	125	86	(	(	PUNCT
ijtc-734	125	87	rahmawati	rahmawati	NOUN
ijtc-734	125	88	et	et	PROPN
ijtc-734	125	89	al	al	PROPN
ijtc-734	125	90	.	.	PROPN
ijtc-734	125	91	,	,	PUNCT
ijtc-734	125	92	2022	2022	NUM
ijtc-734	125	93	)	)	PUNCT
ijtc-734	125	94	said	say	VERB
ijtc-734	125	95	roa	roa	NOUN
ijtc-734	125	96	has	have	VERB
ijtc-734	125	97	an	an	DET
ijtc-734	125	98	influence	influence	NOUN
ijtc-734	125	99	on	on	ADP
ijtc-734	125	100	the	the	DET
ijtc-734	125	101	level	level	NOUN
ijtc-734	125	102	of	of	ADP
ijtc-734	125	103	underpricing	underprice	VERB
ijtc-734	125	104	,	,	PUNCT
ijtc-734	125	105	it	it	PRON
ijtc-734	125	106	could	could	AUX
ijtc-734	125	107	be	be	AUX
ijtc-734	125	108	possible	possible	ADJ
ijtc-734	125	109	for	for	SCONJ
ijtc-734	125	110	investors	investor	NOUN
ijtc-734	125	111	to	to	PART
ijtc-734	125	112	have	have	VERB
ijtc-734	125	113	confidence	confidence	NOUN
ijtc-734	125	114	in	in	ADP
ijtc-734	125	115	the	the	DET
ijtc-734	125	116	value	value	NOUN
ijtc-734	125	117	of	of	ADP
ijtc-734	125	118	roa	roa	NOUN
ijtc-734	125	119	can	can	AUX
ijtc-734	125	120	determine	determine	VERB
ijtc-734	125	121	the	the	DET
ijtc-734	125	122	good	good	ADJ
ijtc-734	125	123	or	or	CCONJ
ijtc-734	125	124	bad	bad	ADJ
ijtc-734	125	125	prospects	prospect	NOUN
ijtc-734	125	126	of	of	ADP
ijtc-734	125	127	an	an	DET
ijtc-734	125	128	issuer	issuer	NOUN
ijtc-734	125	129	that	that	PRON
ijtc-734	125	130	carries	carry	VERB
ijtc-734	125	131	out	out	ADP
ijtc-734	125	132	an	an	DET
ijtc-734	125	133	ipo	ipo	NOUN
ijtc-734	125	134	which	which	PRON
ijtc-734	125	135	has	have	VERB
ijtc-734	125	136	an	an	DET
ijtc-734	125	137	impact	impact	NOUN
ijtc-734	125	138	on	on	ADP
ijtc-734	125	139	the	the	DET
ijtc-734	125	140	level	level	NOUN
ijtc-734	125	141	of	of	ADP
ijtc-734	125	142	stock	stock	NOUN
ijtc-734	125	143	underpricing	underpricing	NOUN
ijtc-734	125	144	selected	select	VERB
ijtc-734	125	145	.	.	PUNCT
ijtc-734	126	1	finally	finally	ADV
ijtc-734	126	2	,	,	PUNCT
ijtc-734	126	3	the	the	DET
ijtc-734	126	4	ha3	ha3	ADJ
ijtc-734	126	5	hypothesis	hypothesis	NOUN
ijtc-734	126	6	is	be	AUX
ijtc-734	126	7	accepted	accept	VERB
ijtc-734	126	8	,	,	PUNCT
ijtc-734	126	9	namely	namely	ADV
ijtc-734	126	10	the	the	DET
ijtc-734	126	11	company	company	NOUN
ijtc-734	126	12	's	's	PART
ijtc-734	126	13	roe	roe	NOUN
ijtc-734	126	14	and	and	CCONJ
ijtc-734	126	15	roa	roa	PROPN
ijtc-734	126	16	together	together	ADV
ijtc-734	126	17	have	have	VERB
ijtc-734	126	18	a	a	DET
ijtc-734	126	19	significant	significant	ADJ
ijtc-734	126	20	influence	influence	NOUN
ijtc-734	126	21	on	on	ADP
ijtc-734	126	22	the	the	DET
ijtc-734	126	23	level	level	NOUN
ijtc-734	126	24	of	of	ADP
ijtc-734	126	25	underpricing	underprice	VERB
ijtc-734	126	26	,	,	PUNCT
ijtc-734	126	27	where	where	SCONJ
ijtc-734	126	28	the	the	DET
ijtc-734	126	29	results	result	NOUN
ijtc-734	126	30	of	of	ADP
ijtc-734	126	31	this	this	DET
ijtc-734	126	32	hypothesis	hypothesis	NOUN
ijtc-734	126	33	indicate	indicate	VERB
ijtc-734	126	34	that	that	SCONJ
ijtc-734	126	35	investors	investor	NOUN
ijtc-734	126	36	can	can	AUX
ijtc-734	126	37	trust	trust	VERB
ijtc-734	126	38	the	the	DET
ijtc-734	126	39	value	value	NOUN
ijtc-734	126	40	of	of	ADP
ijtc-734	126	41	roe	roe	PROPN
ijtc-734	126	42	and	and	CCONJ
ijtc-734	126	43	roa	roa	PROPN
ijtc-734	126	44	issued	issue	VERB
ijtc-734	126	45	by	by	ADP
ijtc-734	126	46	issuers	issuer	NOUN
ijtc-734	126	47	representing	represent	VERB
ijtc-734	126	48	the	the	DET
ijtc-734	126	49	good	good	ADJ
ijtc-734	126	50	financial	financial	ADJ
ijtc-734	126	51	condition	condition	NOUN
ijtc-734	126	52	of	of	ADP
ijtc-734	126	53	companies	company	NOUN
ijtc-734	126	54	that	that	PRON
ijtc-734	126	55	carry	carry	VERB
ijtc-734	126	56	out	out	ADP
ijtc-734	126	57	ipo	ipo	NOUN
ijtc-734	126	58	activities	activity	NOUN
ijtc-734	126	59	,	,	PUNCT
ijtc-734	126	60	this	this	DET
ijtc-734	126	61	condition	condition	NOUN
ijtc-734	126	62	may	may	AUX
ijtc-734	126	63	be	be	AUX
ijtc-734	126	64	the	the	DET
ijtc-734	126	65	basis	basis	NOUN
ijtc-734	126	66	for	for	ADP
ijtc-734	126	67	investors	investor	NOUN
ijtc-734	126	68	in	in	ADP
ijtc-734	126	69	choosing	choose	VERB
ijtc-734	126	70	to	to	PART
ijtc-734	126	71	invest	invest	VERB
ijtc-734	126	72	or	or	CCONJ
ijtc-734	126	73	not	not	PART
ijtc-734	126	74	in	in	ADP
ijtc-734	126	75	issuers	issuer	NOUN
ijtc-734	126	76	that	that	PRON
ijtc-734	126	77	conduct	conduct	VERB
ijtc-734	126	78	ipos	ipos	NOUN
ijtc-734	126	79	so	so	SCONJ
ijtc-734	126	80	that	that	SCONJ
ijtc-734	126	81	they	they	PRON
ijtc-734	126	82	have	have	VERB
ijtc-734	126	83	an	an	DET
ijtc-734	126	84	impact	impact	NOUN
ijtc-734	126	85	at	at	ADP
ijtc-734	126	86	the	the	DET
ijtc-734	126	87	level	level	NOUN
ijtc-734	126	88	of	of	ADP
ijtc-734	126	89	underpricing	underpricing	NOUN
ijtc-734	126	90	of	of	ADP
ijtc-734	126	91	the	the	DET
ijtc-734	126	92	issuer	issuer	NOUN
ijtc-734	126	93	's	's	PART
ijtc-734	126	94	shares	share	NOUN
ijtc-734	126	95	.	.	PUNCT
ijtc-734	127	1	conclusion	conclusion	NOUN
ijtc-734	127	2	based	base	VERB
ijtc-734	127	3	on	on	ADP
ijtc-734	127	4	the	the	DET
ijtc-734	127	5	results	result	NOUN
ijtc-734	127	6	of	of	ADP
ijtc-734	127	7	the	the	DET
ijtc-734	127	8	overall	overall	ADJ
ijtc-734	127	9	analysis	analysis	NOUN
ijtc-734	127	10	,	,	PUNCT
ijtc-734	127	11	it	it	PRON
ijtc-734	127	12	can	can	AUX
ijtc-734	127	13	be	be	AUX
ijtc-734	127	14	concluded	conclude	VERB
ijtc-734	127	15	that	that	SCONJ
ijtc-734	127	16	:	:	PUNCT
ijtc-734	127	17	the	the	DET
ijtc-734	127	18	results	result	NOUN
ijtc-734	127	19	show	show	VERB
ijtc-734	127	20	that	that	SCONJ
ijtc-734	127	21	the	the	DET
ijtc-734	127	22	company	company	NOUN
ijtc-734	127	23	's	's	PART
ijtc-734	127	24	roe	roe	NOUN
ijtc-734	127	25	partially	partially	ADV
ijtc-734	127	26	has	have	VERB
ijtc-734	127	27	an	an	DET
ijtc-734	127	28	influence	influence	NOUN
ijtc-734	127	29	on	on	ADP
ijtc-734	127	30	the	the	DET
ijtc-734	127	31	underpricing	underprice	VERB
ijtc-734	127	32	level	level	NOUN
ijtc-734	127	33	of	of	ADP
ijtc-734	127	34	ipo	ipo	NOUN
ijtc-734	127	35	shares	share	NOUN
ijtc-734	127	36	for	for	ADP
ijtc-734	127	37	the	the	DET
ijtc-734	127	38	20212022	20212022	NUM
ijtc-734	127	39	period	period	NOUN
ijtc-734	127	40	,	,	PUNCT
ijtc-734	127	41	then	then	ADV
ijtc-734	127	42	the	the	DET
ijtc-734	127	43	research	research	NOUN
ijtc-734	127	44	results	result	NOUN
ijtc-734	127	45	also	also	ADV
ijtc-734	127	46	show	show	VERB
ijtc-734	127	47	that	that	SCONJ
ijtc-734	127	48	the	the	DET
ijtc-734	127	49	company	company	NOUN
ijtc-734	127	50	's	's	PART
ijtc-734	127	51	roa	roa	NOUN
ijtc-734	127	52	partially	partially	ADV
ijtc-734	127	53	has	have	VERB
ijtc-734	127	54	an	an	DET
ijtc-734	127	55	influence	influence	NOUN
ijtc-734	127	56	on	on	ADP
ijtc-734	127	57	the	the	DET
ijtc-734	127	58	underpricing	underprice	VERB
ijtc-734	127	59	level	level	NOUN
ijtc-734	127	60	of	of	ADP
ijtc-734	127	61	ipo	ipo	NOUN
ijtc-734	127	62	shares	share	NOUN
ijtc-734	127	63	for	for	ADP
ijtc-734	127	64	the	the	DET
ijtc-734	127	65	2021	2021	NUM
ijtc-734	127	66	-	-	SYM
ijtc-734	127	67	2022	2022	NUM
ijtc-734	127	68	period	period	NOUN
ijtc-734	127	69	,	,	PUNCT
ijtc-734	127	70	and	and	CCONJ
ijtc-734	127	71	the	the	DET
ijtc-734	127	72	research	research	NOUN
ijtc-734	127	73	results	result	NOUN
ijtc-734	127	74	show	show	VERB
ijtc-734	127	75	that	that	SCONJ
ijtc-734	127	76	the	the	DET
ijtc-734	127	77	company	company	NOUN
ijtc-734	127	78	's	's	PART
ijtc-734	127	79	roe	roe	NOUN
ijtc-734	127	80	and	and	CCONJ
ijtc-734	127	81	roa	roa	PROPN
ijtc-734	127	82	have	have	VERB
ijtc-734	127	83	a	a	DET
ijtc-734	127	84	joint	joint	ADJ
ijtc-734	127	85	influence	influence	NOUN
ijtc-734	127	86	on	on	ADP
ijtc-734	127	87	the	the	DET
ijtc-734	127	88	underpricing	underprice	VERB
ijtc-734	127	89	level	level	NOUN
ijtc-734	127	90	of	of	ADP
ijtc-734	127	91	ipo	ipo	NOUN
ijtc-734	127	92	shares	share	NOUN
ijtc-734	127	93	for	for	ADP
ijtc-734	127	94	the	the	DET
ijtc-734	127	95	period	period	NOUN
ijtc-734	127	96	2021	2021	NUM
ijtc-734	127	97	-	-	SYM
ijtc-734	127	98	2022	2022	NUM
ijtc-734	127	99	.	.	PUNCT
ijtc-734	128	1	in	in	ADP
ijtc-734	128	2	other	other	ADJ
ijtc-734	128	3	words	word	NOUN
ijtc-734	128	4	,	,	PUNCT
ijtc-734	128	5	we	we	PRON
ijtc-734	128	6	can	can	AUX
ijtc-734	128	7	digest	digest	VERB
ijtc-734	128	8	that	that	SCONJ
ijtc-734	128	9	from	from	ADP
ijtc-734	128	10	the	the	DET
ijtc-734	128	11	results	result	NOUN
ijtc-734	128	12	of	of	ADP
ijtc-734	128	13	the	the	DET
ijtc-734	128	14	discussion	discussion	NOUN
ijtc-734	128	15	,	,	PUNCT
ijtc-734	128	16	both	both	PRON
ijtc-734	128	17	partially	partially	ADV
ijtc-734	128	18	and	and	CCONJ
ijtc-734	128	19	simultaneously	simultaneously	ADV
ijtc-734	128	20	,	,	PUNCT
ijtc-734	128	21	it	it	PRON
ijtc-734	128	22	turns	turn	VERB
ijtc-734	128	23	out	out	ADP
ijtc-734	128	24	that	that	SCONJ
ijtc-734	128	25	the	the	DET
ijtc-734	128	26	variables	variables	PROPN
ijtc-734	128	27	roe	roe	PROPN
ijtc-734	128	28	and	and	CCONJ
ijtc-734	128	29	roa	roa	PROPN
ijtc-734	128	30	have	have	VERB
ijtc-734	128	31	an	an	DET
ijtc-734	128	32	influence	influence	NOUN
ijtc-734	128	33	on	on	ADP
ijtc-734	128	34	the	the	DET
ijtc-734	128	35	level	level	NOUN
ijtc-734	128	36	of	of	ADP
ijtc-734	128	37	underpricing	underpricing	NOUN
ijtc-734	128	38	of	of	ADP
ijtc-734	128	39	stocks	stock	NOUN
ijtc-734	128	40	that	that	PRON
ijtc-734	128	41	carry	carry	VERB
ijtc-734	128	42	out	out	ADP
ijtc-734	128	43	ipo	ipo	NOUN
ijtc-734	128	44	activities	activity	NOUN
ijtc-734	128	45	in	in	ADP
ijtc-734	128	46	the	the	DET
ijtc-734	128	47	period	period	NOUN
ijtc-734	128	48	2021	2021	NUM
ijtc-734	128	49	to	to	ADP
ijtc-734	128	50	2022	2022	NUM
ijtc-734	128	51	,	,	PUNCT
ijtc-734	128	52	and	and	CCONJ
ijtc-734	128	53	are	be	AUX
ijtc-734	128	54	supported	support	VERB
ijtc-734	128	55	by	by	ADP
ijtc-734	128	56	several	several	ADJ
ijtc-734	128	57	previous	previous	ADJ
ijtc-734	128	58	studies	study	NOUN
ijtc-734	128	59	that	that	PRON
ijtc-734	128	60	have	have	AUX
ijtc-734	128	61	been	be	AUX
ijtc-734	128	62	conducted	conduct	VERB
ijtc-734	128	63	by	by	ADP
ijtc-734	128	64	researchers	researcher	NOUN
ijtc-734	128	65	before	before	ADV
ijtc-734	128	66	,	,	PUNCT
ijtc-734	128	67	although	although	SCONJ
ijtc-734	128	68	there	there	PRON
ijtc-734	128	69	are	be	VERB
ijtc-734	128	70	several	several	ADJ
ijtc-734	128	71	studies	study	NOUN
ijtc-734	128	72	that	that	PRON
ijtc-734	128	73	contradict	contradict	VERB
ijtc-734	128	74	this	this	DET
ijtc-734	128	75	study	study	NOUN
ijtc-734	128	76	.	.	PUNCT
ijtc-734	129	1	it	it	PRON
ijtc-734	129	2	is	be	AUX
ijtc-734	129	3	hoped	hope	VERB
ijtc-734	129	4	that	that	SCONJ
ijtc-734	129	5	this	this	DET
ijtc-734	129	6	study	study	NOUN
ijtc-734	129	7	can	can	AUX
ijtc-734	129	8	show	show	VERB
ijtc-734	129	9	an	an	DET
ijtc-734	129	10	illustration	illustration	NOUN
ijtc-734	129	11	that	that	SCONJ
ijtc-734	129	12	roe	roe	PROPN
ijtc-734	129	13	and	and	CCONJ
ijtc-734	129	14	roa	roa	PROPN
ijtc-734	129	15	variables	variable	NOUN
ijtc-734	129	16	have	have	AUX
ijtc-734	129	17	an	an	DET
ijtc-734	129	18	influence	influence	NOUN
ijtc-734	129	19	on	on	ADP
ijtc-734	129	20	the	the	DET
ijtc-734	129	21	level	level	NOUN
ijtc-734	129	22	of	of	ADP
ijtc-734	129	23	underpricing	underpricing	NOUN
ijtc-734	129	24	in	in	ADP
ijtc-734	129	25	the	the	DET
ijtc-734	129	26	period	period	NOUN
ijtc-734	129	27	2021	2021	NUM
ijtc-734	129	28	to	to	ADP
ijtc-734	129	29	2022	2022	NUM
ijtc-734	129	30	.	.	PUNCT
ijtc-734	130	1	looking	look	VERB
ijtc-734	130	2	at	at	ADP
ijtc-734	130	3	these	these	DET
ijtc-734	130	4	conclusions	conclusion	NOUN
ijtc-734	130	5	,	,	PUNCT
ijtc-734	130	6	researchers	researcher	NOUN
ijtc-734	130	7	have	have	VERB
ijtc-734	130	8	several	several	ADJ
ijtc-734	130	9	suggestions	suggestion	NOUN
ijtc-734	130	10	that	that	PRON
ijtc-734	130	11	can	can	AUX
ijtc-734	130	12	be	be	AUX
ijtc-734	130	13	presented	present	VERB
ijtc-734	130	14	in	in	ADP
ijtc-734	130	15	this	this	DET
ijtc-734	130	16	research	research	NOUN
ijtc-734	130	17	,	,	PUNCT
ijtc-734	130	18	including	include	VERB
ijtc-734	130	19	,	,	PUNCT
ijtc-734	130	20	for	for	ADP
ijtc-734	130	21	companies	company	NOUN
ijtc-734	130	22	planning	plan	VERB
ijtc-734	130	23	an	an	DET
ijtc-734	130	24	ipo	ipo	NOUN
ijtc-734	130	25	,	,	PUNCT
ijtc-734	130	26	efforts	effort	NOUN
ijtc-734	130	27	are	be	AUX
ijtc-734	130	28	made	make	VERB
ijtc-734	130	29	to	to	PART
ijtc-734	130	30	show	show	VERB
ijtc-734	130	31	the	the	DET
ijtc-734	130	32	quality	quality	NOUN
ijtc-734	130	33	of	of	ADP
ijtc-734	130	34	roe	roe	NOUN
ijtc-734	130	35	information	information	NOUN
ijtc-734	130	36	and	and	CCONJ
ijtc-734	130	37	the	the	DET
ijtc-734	130	38	company	company	NOUN
ijtc-734	130	39	's	's	PART
ijtc-734	130	40	roa	roa	NOUN
ijtc-734	130	41	that	that	PRON
ijtc-734	130	42	is	be	AUX
ijtc-734	130	43	truly	truly	ADV
ijtc-734	130	44	accurate	accurate	ADJ
ijtc-734	130	45	and	and	CCONJ
ijtc-734	130	46	credible	credible	ADJ
ijtc-734	130	47	,	,	PUNCT
ijtc-734	130	48	then	then	ADV
ijtc-734	130	49	for	for	ADP
ijtc-734	130	50	researchers	researcher	NOUN
ijtc-734	130	51	then	then	ADV
ijtc-734	130	52	they	they	PRON
ijtc-734	130	53	can	can	AUX
ijtc-734	130	54	add	add	VERB
ijtc-734	130	55	a	a	DET
ijtc-734	130	56	period	period	NOUN
ijtc-734	130	57	of	of	ADP
ijtc-734	130	58	observation	observation	NOUN
ijtc-734	130	59	years	year	NOUN
ijtc-734	130	60	or	or	CCONJ
ijtc-734	130	61	the	the	DET
ijtc-734	130	62	latest	late	ADJ
ijtc-734	130	63	year	year	NOUN
ijtc-734	130	64	so	so	SCONJ
ijtc-734	130	65	that	that	SCONJ
ijtc-734	130	66	the	the	DET
ijtc-734	130	67	sample	sample	NOUN
ijtc-734	130	68	data	datum	NOUN
ijtc-734	130	69	studied	study	VERB
ijtc-734	130	70	is	be	AUX
ijtc-734	130	71	more	more	ADV
ijtc-734	130	72	adequate	adequate	ADJ
ijtc-734	130	73	;	;	PUNCT
ijtc-734	130	74	for	for	ADP
ijtc-734	130	75	those	those	PRON
ijtc-734	130	76	who	who	PRON
ijtc-734	130	77	will	will	AUX
ijtc-734	130	78	conduct	conduct	VERB
ijtc-734	130	79	further	further	ADJ
ijtc-734	130	80	research	research	NOUN
ijtc-734	130	81	,	,	PUNCT
ijtc-734	130	82	they	they	PRON
ijtc-734	130	83	can	can	AUX
ijtc-734	130	84	use	use	VERB
ijtc-734	130	85	an	an	DET
ijtc-734	130	86	additional	additional	ADJ
ijtc-734	130	87	mixture	mixture	NOUN
ijtc-734	130	88	of	of	ADP
ijtc-734	130	89	other	other	ADJ
ijtc-734	130	90	variables	variable	NOUN
ijtc-734	130	91	both	both	CCONJ
ijtc-734	130	92	from	from	ADP
ijtc-734	130	93	within	within	ADP
ijtc-734	130	94	the	the	DET
ijtc-734	130	95	company	company	NOUN
ijtc-734	130	96	and	and	CCONJ
ijtc-734	130	97	from	from	ADP
ijtc-734	130	98	outside	outside	ADP
ijtc-734	130	99	the	the	DET
ijtc-734	130	100	company	company	NOUN
ijtc-734	130	101	,	,	PUNCT
ijtc-734	130	102	due	due	ADP
ijtc-734	130	103	to	to	ADP
ijtc-734	130	104	the	the	DET
ijtc-734	130	105	limitations	limitation	NOUN
ijtc-734	130	106	of	of	ADP
ijtc-734	130	107	researchers	researcher	NOUN
ijtc-734	130	108	in	in	ADP
ijtc-734	130	109	using	use	VERB
ijtc-734	130	110	the	the	DET
ijtc-734	130	111	number	number	NOUN
ijtc-734	130	112	of	of	ADP
ijtc-734	130	113	variables	variable	NOUN
ijtc-734	130	114	used	use	VERB
ijtc-734	130	115	.	.	PUNCT
ijtc-734	131	1	reference	reference	NOUN
ijtc-734	131	2	abbas	abbas	PROPN
ijtc-734	131	3	,	,	PUNCT
ijtc-734	131	4	d.	d.	PROPN
ijtc-734	131	5	s.	s.	PROPN
ijtc-734	131	6	,	,	PUNCT
ijtc-734	131	7	rauf	rauf	PROPN
ijtc-734	131	8	,	,	PUNCT
ijtc-734	131	9	a.	a.	PROPN
ijtc-734	131	10	,	,	PUNCT
ijtc-734	131	11	hidayat	hidayat	PROPN
ijtc-734	131	12	,	,	PUNCT
ijtc-734	131	13	i.	i.	PROPN
ijtc-734	131	14	,	,	PUNCT
ijtc-734	131	15	&	&	CCONJ
ijtc-734	131	16	sasmita	sasmita	PROPN
ijtc-734	131	17	,	,	PUNCT
ijtc-734	131	18	d.	d.	PROPN
ijtc-734	131	19	(	(	PUNCT
ijtc-734	131	20	2022	2022	NUM
ijtc-734	131	21	)	)	PUNCT
ijtc-734	131	22	.	.	PUNCT
ijtc-734	132	1	determinan	determinan	VERB
ijtc-734	132	2	on	on	ADP
ijtc-734	132	3	underpricing	underprice	VERB
ijtc-734	132	4	at	at	ADP
ijtc-734	132	5	the	the	DET
ijtc-734	132	6	initial	initial	ADJ
ijtc-734	132	7	public	public	ADJ
ijtc-734	132	8	offering	offering	NOUN
ijtc-734	132	9	:	:	PUNCT
ijtc-734	132	10	evidence	evidence	NOUN
ijtc-734	132	11	indonesia	indonesia	PROPN
ijtc-734	132	12	stock	stock	PROPN
ijtc-734	132	13	exchange	exchange	PROPN
ijtc-734	132	14	.	.	PUNCT
ijtc-734	133	1	quantitative	quantitative	ADJ
ijtc-734	133	2	economics	economic	NOUN
ijtc-734	133	3	and	and	CCONJ
ijtc-734	133	4	management	management	NOUN
ijtc-734	133	5	studies	study	NOUN
ijtc-734	133	6	,	,	PUNCT
ijtc-734	133	7	3(2	3(2	NUM
ijtc-734	133	8	)	)	PUNCT
ijtc-734	133	9	,	,	PUNCT
ijtc-734	133	10	175–185	175–185	NUM
ijtc-734	133	11	.	.	PUNCT
ijtc-734	134	1	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADJ
ijtc-734	134	2	reviewing	review	VERB
ijtc-734	134	3	internal	internal	ADJ
ijtc-734	134	4	variables	variable	NOUN
ijtc-734	134	5	on	on	ADP
ijtc-734	134	6	the	the	DET
ijtc-734	134	7	level	level	NOUN
ijtc-734	134	8	of	of	ADP
ijtc-734	134	9	underpricing	underpricing	NOUN
ijtc-734	134	10	of	of	ADP
ijtc-734	134	11	ipo	ipo	NOUN
ijtc-734	134	12	shares	share	NOUN
ijtc-734	134	13	(	(	PUNCT
ijtc-734	134	14	observation	observation	NOUN
ijtc-734	134	15	of	of	ADP
ijtc-734	134	16	the	the	DET
ijtc-734	134	17	company	company	NOUN
ijtc-734	134	18	go	go	VERB
ijtc-734	134	19	public	public	ADJ
ijtc-734	134	20	on	on	ADP
ijtc-734	134	21	idx	idx	NOUN
ijtc-734	134	22	2021	2021	NUM
ijtc-734	134	23	-	-	SYM
ijtc-734	134	24	2022	2022	NUM
ijtc-734	134	25	)	)	PUNCT
ijtc-734	134	26	yandes	yande	NOUN
ijtc-734	134	27	and	and	CCONJ
ijtc-734	134	28	nugroho	nugroho	NOUN
ijtc-734	134	29	321	321	NUM
ijtc-734	134	30	|	|	CCONJ
ijtc-734	134	31	ilomata	ilomata	PROPN
ijtc-734	134	32	international	international	ADJ
ijtc-734	134	33	journal	journal	NOUN
ijtc-734	134	34	of	of	ADP
ijtc-734	134	35	tax	tax	PROPN
ijtc-734	134	36	&	&	CCONJ
ijtc-734	134	37	accounting	accounting	PROPN
ijtc-734	134	38	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-734	134	39	aulia	aulia	PROPN
ijtc-734	134	40	,	,	PUNCT
ijtc-734	134	41	l.	l.	PROPN
ijtc-734	134	42	,	,	PUNCT
ijtc-734	134	43	&	&	CCONJ
ijtc-734	134	44	tandika	tandika	PROPN
ijtc-734	134	45	,	,	PUNCT
ijtc-734	134	46	d.	d.	PROPN
ijtc-734	134	47	(	(	PUNCT
ijtc-734	134	48	2019	2019	NUM
ijtc-734	134	49	)	)	PUNCT
ijtc-734	134	50	.	.	PUNCT
ijtc-734	135	1	pengaruh	pengaruh	PROPN
ijtc-734	135	2	informasi	informasi	PROPN
ijtc-734	135	3	keuangan	keuangan	PROPN
ijtc-734	135	4	dan	dan	PROPN
ijtc-734	135	5	non	non	PROPN
ijtc-734	135	6	keuangan	keuangan	PROPN
ijtc-734	135	7	terhadap	terhadap	PROPN
ijtc-734	135	8	tingkat	tingkat	PROPN
ijtc-734	135	9	underpricing	underprice	VERB
ijtc-734	135	10	(	(	PUNCT
ijtc-734	135	11	studi	studi	PROPN
ijtc-734	135	12	empiris	empiris	PROPN
ijtc-734	135	13	pada	pada	PROPN
ijtc-734	135	14	perusahaan	perusahaan	PROPN
ijtc-734	135	15	non	non	PROPN
ijtc-734	135	16	keuangan	keuangan	PROPN
ijtc-734	135	17	yang	yang	PROPN
ijtc-734	135	18	melakukan	melakukan	PROPN
ijtc-734	135	19	initial	initial	ADJ
ijtc-734	135	20	public	public	ADJ
ijtc-734	135	21	offering	offering	NOUN
ijtc-734	135	22	di	di	X
ijtc-734	135	23	bei	bei	PROPN
ijtc-734	135	24	pada	pada	PROPN
ijtc-734	135	25	tahun	tahun	PROPN
ijtc-734	135	26	2015	2015	NUM
ijtc-734	135	27	-	-	SYM
ijtc-734	135	28	2017	2017	NUM
ijtc-734	135	29	)	)	PUNCT
ijtc-734	135	30	.	.	PUNCT
ijtc-734	136	1	prosiding	proside	VERB
ijtc-734	136	2	manajemen	manajeman	NOUN
ijtc-734	136	3	,	,	PUNCT
ijtc-734	136	4	624–633	624–633	NUM
ijtc-734	136	5	.	.	PUNCT
ijtc-734	137	1	ayuwardani	ayuwardani	PROPN
ijtc-734	137	2	,	,	PUNCT
ijtc-734	137	3	r.	r.	PROPN
ijtc-734	137	4	p.	p.	PROPN
ijtc-734	137	5	,	,	PUNCT
ijtc-734	137	6	&	&	CCONJ
ijtc-734	137	7	isroah	isroah	PROPN
ijtc-734	137	8	,	,	PUNCT
ijtc-734	137	9	i.	i.	PROPN
ijtc-734	137	10	(	(	PUNCT
ijtc-734	137	11	2018	2018	NUM
ijtc-734	137	12	)	)	PUNCT
ijtc-734	137	13	.	.	PUNCT
ijtc-734	138	1	pengaruh	pengaruh	PROPN
ijtc-734	138	2	informasi	informasi	PROPN
ijtc-734	138	3	keuangan	keuangan	PROPN
ijtc-734	138	4	dan	dan	PROPN
ijtc-734	138	5	non	non	PROPN
ijtc-734	138	6	keuangan	keuangan	PROPN
ijtc-734	138	7	terhadap	terhadap	PROPN
ijtc-734	138	8	underpricing	underprice	VERB
ijtc-734	138	9	harga	harga	PROPN
ijtc-734	138	10	saham	saham	PROPN
ijtc-734	138	11	pada	pada	PROPN
ijtc-734	138	12	perusahaan	perusahaan	PROPN
ijtc-734	138	13	yang	yang	PROPN
ijtc-734	138	14	melakukan	melakukan	PROPN
ijtc-734	138	15	initial	initial	ADJ
ijtc-734	138	16	public	public	ADJ
ijtc-734	138	17	offering	offering	NOUN
ijtc-734	138	18	(	(	PUNCT
ijtc-734	138	19	studi	studi	PROPN
ijtc-734	138	20	empiris	empiris	PROPN
ijtc-734	138	21	perusahaan	perusahaan	PROPN
ijtc-734	138	22	go	go	VERB
ijtc-734	138	23	public	public	PROPN
ijtc-734	138	24	yang	yang	PROPN
ijtc-734	138	25	terdaftar	terdaftar	PROPN
ijtc-734	138	26	di	di	PROPN
ijtc-734	138	27	bursa	bursa	PROPN
ijtc-734	138	28	efek	efek	NOUN
ijtc-734	138	29	indonesia	indonesia	PROPN
ijtc-734	138	30	tahun	tahun	PROPN
ijtc-734	138	31	20112015	20112015	NUM
ijtc-734	138	32	)	)	PUNCT
ijtc-734	138	33	.	.	PUNCT
ijtc-734	139	1	nominal	nominal	ADJ
ijtc-734	139	2	:	:	PUNCT
ijtc-734	139	3	barometer	barometer	NOUN
ijtc-734	139	4	riset	riset	PROPN
ijtc-734	139	5	akuntansi	akuntansi	PROPN
ijtc-734	139	6	dan	dan	PROPN
ijtc-734	139	7	manajemen	manajemen	PROPN
ijtc-734	139	8	,	,	PUNCT
ijtc-734	139	9	7(1	7(1	NUM
ijtc-734	139	10	)	)	PUNCT
ijtc-734	139	11	,	,	PUNCT
ijtc-734	139	12	143–158	143–158	NUM
ijtc-734	139	13	.	.	PUNCT
ijtc-734	140	1	bursa	bursa	NOUN
ijtc-734	140	2	efek	efek	PROPN
ijtc-734	140	3	indonesia	indonesia	PROPN
ijtc-734	140	4	.	.	PUNCT
ijtc-734	141	1	(	(	PUNCT
ijtc-734	141	2	2023	2023	NUM
ijtc-734	141	3	)	)	PUNCT
ijtc-734	141	4	.	.	PUNCT
ijtc-734	142	1	prospektus	prospektus	ADJ
ijtc-734	142	2	.	.	PUNCT
ijtc-734	143	1	bursa	bursa	NOUN
ijtc-734	143	2	efek	efek	PROPN
ijtc-734	143	3	indonesia	indonesia	PROPN
ijtc-734	143	4	.	.	PUNCT
ijtc-734	144	1	https://www.idx.co.id/id/perusahaan-tercatat/prospektus	https://www.idx.co.id/id/perusahaan-tercatat/prospektus	PROPN
ijtc-734	144	2	devi	devi	PROPN
ijtc-734	144	3	,	,	PUNCT
ijtc-734	144	4	e.	e.	PROPN
ijtc-734	144	5	s.	s.	PROPN
ijtc-734	144	6	,	,	PUNCT
ijtc-734	144	7	&	&	CCONJ
ijtc-734	144	8	istikhoroh	istikhoroh	PROPN
ijtc-734	144	9	,	,	PUNCT
ijtc-734	144	10	s.	s.	PROPN
ijtc-734	144	11	(	(	PUNCT
ijtc-734	144	12	2019	2019	NUM
ijtc-734	144	13	)	)	PUNCT
ijtc-734	144	14	.	.	PUNCT
ijtc-734	145	1	analisis	analisis	ADJ
ijtc-734	145	2	faktor	faktor	NOUN
ijtc-734	145	3	-	-	PUNCT
ijtc-734	145	4	faktor	faktor	NOUN
ijtc-734	145	5	yang	yang	PROPN
ijtc-734	145	6	mempengaruhi	mempengaruhi	PROPN
ijtc-734	145	7	underpricing	underprice	VERB
ijtc-734	145	8	saat	saat	PROPN
ijtc-734	145	9	initial	initial	ADJ
ijtc-734	145	10	public	public	ADJ
ijtc-734	145	11	offering	offering	NOUN
ijtc-734	145	12	(	(	PUNCT
ijtc-734	145	13	ipo	ipo	NOUN
ijtc-734	145	14	)	)	PUNCT
ijtc-734	145	15	di	di	PROPN
ijtc-734	145	16	bei	bei	PROPN
ijtc-734	145	17	periode	periode	PROPN
ijtc-734	145	18	tahun	tahun	PROPN
ijtc-734	145	19	2017	2017	NUM
ijtc-734	145	20	.	.	PUNCT
ijtc-734	146	1	publikasi	publikasi	NOUN
ijtc-734	146	2	ilmiah	ilmiah	PROPN
ijtc-734	146	3	akuntansi	akuntansi	PROPN
ijtc-734	146	4	,	,	PUNCT
ijtc-734	146	5	1(1	1(1	NUM
ijtc-734	146	6	)	)	PUNCT
ijtc-734	146	7	,	,	PUNCT
ijtc-734	146	8	340–348	340–348	NUM
ijtc-734	146	9	.	.	PUNCT
ijtc-734	147	1	dewi	dewi	PROPN
ijtc-734	147	2	,	,	PUNCT
ijtc-734	147	3	k.	k.	PROPN
ijtc-734	147	4	m.	m.	PROPN
ijtc-734	147	5	s.	s.	PROPN
ijtc-734	147	6	,	,	PUNCT
ijtc-734	147	7	tripalupi	tripalupi	PROPN
ijtc-734	147	8	,	,	PUNCT
ijtc-734	147	9	l.	l.	PROPN
ijtc-734	147	10	e.	e.	PROPN
ijtc-734	147	11	,	,	PUNCT
ijtc-734	147	12	&	&	CCONJ
ijtc-734	147	13	haris	haris	PROPN
ijtc-734	147	14	,	,	PUNCT
ijtc-734	147	15	i.	i.	PROPN
ijtc-734	147	16	a.	a.	PROPN
ijtc-734	147	17	(	(	PUNCT
ijtc-734	147	18	2018	2018	NUM
ijtc-734	147	19	)	)	PUNCT
ijtc-734	147	20	.	.	PUNCT
ijtc-734	148	1	pengaruh	pengaruh	NOUN
ijtc-734	148	2	return	return	VERB
ijtc-734	148	3	on	on	ADP
ijtc-734	148	4	equity	equity	NOUN
ijtc-734	148	5	(	(	PUNCT
ijtc-734	148	6	roe	roe	PROPN
ijtc-734	148	7	)	)	PUNCT
ijtc-734	148	8	dan	dan	PROPN
ijtc-734	148	9	earning	earn	VERB
ijtc-734	148	10	per	per	ADP
ijtc-734	148	11	share	share	NOUN
ijtc-734	148	12	(	(	PUNCT
ijtc-734	148	13	eps	eps	PROPN
ijtc-734	148	14	)	)	PUNCT
ijtc-734	148	15	terhadap	terhadap	PROPN
ijtc-734	148	16	underpricing	underprice	VERB
ijtc-734	148	17	pada	pada	PROPN
ijtc-734	148	18	saham	saham	PROPN
ijtc-734	148	19	perdana	perdana	PROPN
ijtc-734	148	20	di	di	PROPN
ijtc-734	148	21	bursa	bursa	PROPN
ijtc-734	148	22	efek	efek	NOUN
ijtc-734	148	23	indonesia	indonesia	PROPN
ijtc-734	148	24	tahun	tahun	PROPN
ijtc-734	148	25	2016	2016	NUM
ijtc-734	148	26	.	.	PUNCT
ijtc-734	149	1	jurnal	jurnal	ADJ
ijtc-734	149	2	pendidikan	pendidikan	PROPN
ijtc-734	149	3	ekonomi	ekonomi	PROPN
ijtc-734	149	4	undiksha	undiksha	PROPN
ijtc-734	149	5	,	,	PUNCT
ijtc-734	149	6	10(1	10(1	NUM
ijtc-734	149	7	)	)	PUNCT
ijtc-734	149	8	,	,	PUNCT
ijtc-734	149	9	200–209	200–209	NUM
ijtc-734	149	10	.	.	PUNCT
ijtc-734	150	1	elan	elan	PROPN
ijtc-734	150	2	,	,	PUNCT
ijtc-734	150	3	y.	y.	PROPN
ijtc-734	150	4	f.	f.	PROPN
ijtc-734	150	5	(	(	PUNCT
ijtc-734	150	6	2022	2022	NUM
ijtc-734	150	7	)	)	PUNCT
ijtc-734	150	8	.	.	PUNCT
ijtc-734	151	1	pengaruh	pengaruh	PROPN
ijtc-734	151	2	variabel	variabel	PROPN
ijtc-734	151	3	keuangan	keuangan	PROPN
ijtc-734	151	4	dan	dan	PROPN
ijtc-734	151	5	nonkeuangan	nonkeuangan	PROPN
ijtc-734	151	6	terhadap	terhadap	PROPN
ijtc-734	151	7	underpricing	underpricing	PROPN
ijtc-734	151	8	saham	saham	PROPN
ijtc-734	151	9	perusahaan	perusahaan	PROPN
ijtc-734	151	10	yang	yang	PROPN
ijtc-734	151	11	melakukan	melakukan	PROPN
ijtc-734	151	12	ipo	ipo	PROPN
ijtc-734	151	13	di	di	PROPN
ijtc-734	151	14	bei	bei	PROPN
ijtc-734	151	15	periode	periode	PROPN
ijtc-734	151	16	2018	2018	NUM
ijtc-734	151	17	-	-	SYM
ijtc-734	151	18	2021	2021	NUM
ijtc-734	151	19	.	.	PUNCT
ijtc-734	152	1	pengaruh	pengaruh	PROPN
ijtc-734	152	2	variabel	variabel	PROPN
ijtc-734	152	3	keuangan	keuangan	PROPN
ijtc-734	152	4	dan	dan	PROPN
ijtc-734	152	5	nonkeuangan	nonkeuangan	PROPN
ijtc-734	152	6	terhadap	terhadap	PROPN
ijtc-734	152	7	underpricing	underpricing	PROPN
ijtc-734	152	8	saham	saham	PROPN
ijtc-734	152	9	perusahaan	perusahaan	PROPN
ijtc-734	152	10	yang	yang	PROPN
ijtc-734	152	11	melakukan	melakukan	PROPN
ijtc-734	152	12	ipo	ipo	PROPN
ijtc-734	152	13	di	di	PROPN
ijtc-734	152	14	bei	bei	PROPN
ijtc-734	152	15	periode	periode	PROPN
ijtc-734	152	16	2018	2018	NUM
ijtc-734	152	17	-	-	SYM
ijtc-734	152	18	2021	2021	NUM
ijtc-734	152	19	,	,	PUNCT
ijtc-734	152	20	1–21	1–21	PROPN
ijtc-734	152	21	.	.	PUNCT
ijtc-734	153	1	gunawan	gunawan	PROPN
ijtc-734	153	2	,	,	PUNCT
ijtc-734	153	3	j.	j.	PROPN
ijtc-734	153	4	,	,	PUNCT
ijtc-734	153	5	gunarsih	gunarsih	PROPN
ijtc-734	153	6	,	,	PUNCT
ijtc-734	153	7	t.	t.	PROPN
ijtc-734	153	8	,	,	PUNCT
ijtc-734	153	9	manajemen	manajeman	NOUN
ijtc-734	153	10	,	,	PUNCT
ijtc-734	153	11	p.	p.	PROPN
ijtc-734	153	12	s.	s.	PROPN
ijtc-734	153	13	,	,	PUNCT
ijtc-734	153	14	&	&	CCONJ
ijtc-734	153	15	yogyakarta	yogyakarta	PROPN
ijtc-734	153	16	,	,	PUNCT
ijtc-734	153	17	u.	u.	PROPN
ijtc-734	153	18	t.	t.	PROPN
ijtc-734	153	19	(	(	PUNCT
ijtc-734	153	20	2019	2019	NUM
ijtc-734	153	21	)	)	PUNCT
ijtc-734	153	22	.	.	PUNCT
ijtc-734	154	1	telaah	telaah	PROPN
ijtc-734	154	2	bisnis	bisnis	PROPN
ijtc-734	154	3	.	.	PUNCT
ijtc-734	154	4	20(2	20(2	NUM
ijtc-734	154	5	)	)	PUNCT
ijtc-734	154	6	,	,	PUNCT
ijtc-734	154	7	37	37	NUM
ijtc-734	154	8	–	–	SYM
ijtc-734	154	9	50	50	NUM
ijtc-734	154	10	.	.	PUNCT
ijtc-734	155	1	haska	haska	PROPN
ijtc-734	155	2	,	,	PUNCT
ijtc-734	155	3	d.	d.	PROPN
ijtc-734	155	4	,	,	PUNCT
ijtc-734	155	5	&	&	CCONJ
ijtc-734	155	6	rokhmawati	rokhmawati	PROPN
ijtc-734	155	7	,	,	PUNCT
ijtc-734	155	8	a.	a.	NOUN
ijtc-734	155	9	(	(	PUNCT
ijtc-734	155	10	2017	2017	NUM
ijtc-734	155	11	)	)	PUNCT
ijtc-734	155	12	.	.	PUNCT
ijtc-734	156	1	pengaruh	pengaruh	PROPN
ijtc-734	156	2	risiko	risiko	PROPN
ijtc-734	156	3	investasi	investasi	PROPN
ijtc-734	156	4	,	,	PUNCT
ijtc-734	156	5	return	return	VERB
ijtc-734	156	6	on	on	ADP
ijtc-734	156	7	equity	equity	NOUN
ijtc-734	156	8	(	(	PUNCT
ijtc-734	156	9	roe	roe	PROPN
ijtc-734	156	10	)	)	PUNCT
ijtc-734	156	11	dan	dan	PROPN
ijtc-734	156	12	proceeds	proceed	VERB
ijtc-734	156	13	terhadap	terhadap	PROPN
ijtc-734	156	14	underpricing	underpricing	PROPN
ijtc-734	156	15	dengan	dengan	PROPN
ijtc-734	156	16	reputasi	reputasi	PROPN
ijtc-734	156	17	underwriter	underwriter	PROPN
ijtc-734	156	18	sebagai	sebagai	PROPN
ijtc-734	156	19	variabel	variabel	PROPN
ijtc-734	156	20	moderasi	moderasi	PROPN
ijtc-734	156	21	pada	pada	PROPN
ijtc-734	156	22	perusahaan	perusahaan	PROPN
ijtc-734	156	23	non	non	PROPN
ijtc-734	156	24	-	-	ADJ
ijtc-734	156	25	keuangan	keuangan	ADJ
ijtc-734	156	26	yang	yang	PROPN
ijtc-734	156	27	ipo	ipo	PROPN
ijtc-734	156	28	di	di	PROPN
ijtc-734	156	29	bei	bei	PROPN
ijtc-734	156	30	periode	periode	PROPN
ijtc-734	156	31	2010	2010	NUM
ijtc-734	156	32	-	-	SYM
ijtc-734	156	33	2014	2014	NUM
ijtc-734	156	34	.	.	PUNCT
ijtc-734	157	1	jurnal	jurnal	ADJ
ijtc-734	157	2	online	online	PROPN
ijtc-734	157	3	mahasiswa	mahasiswa	PROPN
ijtc-734	157	4	(	(	PUNCT
ijtc-734	157	5	jom	jom	PROPN
ijtc-734	157	6	)	)	PUNCT
ijtc-734	157	7	bidang	bidang	PROPN
ijtc-734	157	8	ilmu	ilmu	PROPN
ijtc-734	157	9	ekonomi	ekonomi	PROPN
ijtc-734	157	10	,	,	PUNCT
ijtc-734	157	11	4(1	4(1	NOUN
ijtc-734	157	12	)	)	PUNCT
ijtc-734	157	13	,	,	PUNCT
ijtc-734	157	14	1–14	1–14	PROPN
ijtc-734	157	15	.	.	PROPN
ijtc-734	157	16	hayati	hayati	PROPN
ijtc-734	157	17	,	,	PUNCT
ijtc-734	157	18	n.	n.	NOUN
ijtc-734	157	19	,	,	PUNCT
ijtc-734	157	20	goenadhi	goenadhi	ADJ
ijtc-734	157	21	,	,	PUNCT
ijtc-734	157	22	l.	l.	PROPN
ijtc-734	157	23	,	,	PUNCT
ijtc-734	157	24	baiti	baiti	PROPN
ijtc-734	157	25	,	,	PUNCT
ijtc-734	157	26	n.	n.	NOUN
ijtc-734	157	27	,	,	PUNCT
ijtc-734	157	28	&	&	CCONJ
ijtc-734	157	29	artinah	artinah	PROPN
ijtc-734	157	30	,	,	PUNCT
ijtc-734	157	31	b.	b.	PROPN
ijtc-734	157	32	(	(	PUNCT
ijtc-734	157	33	2021	2021	NUM
ijtc-734	157	34	)	)	PUNCT
ijtc-734	157	35	.	.	PUNCT
ijtc-734	158	1	influence	influence	NOUN
ijtc-734	158	2	of	of	ADP
ijtc-734	158	3	financial	financial	ADJ
ijtc-734	158	4	performance	performance	NOUN
ijtc-734	158	5	on	on	ADP
ijtc-734	158	6	underpricing	underpricing	NOUN
ijtc-734	158	7	of	of	ADP
ijtc-734	158	8	shares	share	NOUN
ijtc-734	158	9	.	.	PUNCT
ijtc-734	159	1	journal	journal	NOUN
ijtc-734	159	2	of	of	ADP
ijtc-734	159	3	economic	economic	ADJ
ijtc-734	159	4	info	info	NOUN
ijtc-734	159	5	,	,	PUNCT
ijtc-734	159	6	8(3	8(3	NUM
ijtc-734	159	7	)	)	PUNCT
ijtc-734	159	8	,	,	PUNCT
ijtc-734	159	9	97–103	97–103	NUM
ijtc-734	159	10	.	.	PUNCT
ijtc-734	159	11	imam	imam	PROPN
ijtc-734	159	12	,	,	PUNCT
ijtc-734	159	13	g.	g.	PROPN
ijtc-734	159	14	(	(	PUNCT
ijtc-734	159	15	2011	2011	NUM
ijtc-734	159	16	)	)	PUNCT
ijtc-734	159	17	.	.	PUNCT
ijtc-734	160	1	aplikasi	aplikasi	PROPN
ijtc-734	160	2	analisis	analisis	PROPN
ijtc-734	160	3	multivariate	multivariate	PROPN
ijtc-734	160	4	dengan	dengan	PROPN
ijtc-734	160	5	program	program	PROPN
ijtc-734	160	6	ibm	ibm	PROPN
ijtc-734	160	7	spss	spss	PROPN
ijtc-734	160	8	19	19	NUM
ijtc-734	160	9	.	.	PUNCT
ijtc-734	161	1	semarang	semarang	PROPN
ijtc-734	161	2	:	:	PUNCT
ijtc-734	162	1	badan	badan	PROPN
ijtc-734	162	2	penerbit	penerbit	PROPN
ijtc-734	162	3	universitas	universita	NOUN
ijtc-734	162	4	diponegoro	diponegoro	PROPN
ijtc-734	162	5	,	,	PUNCT
ijtc-734	162	6	68	68	NUM
ijtc-734	162	7	.	.	PUNCT
ijtc-734	163	1	jayanarendra	jayanarendra	PROPN
ijtc-734	163	2	,	,	PUNCT
ijtc-734	163	3	a.	a.	NOUN
ijtc-734	163	4	a.	a.	NOUN
ijtc-734	163	5	g.	g.	PROPN
ijtc-734	163	6	,	,	PUNCT
ijtc-734	163	7	&	&	CCONJ
ijtc-734	163	8	wiagustini	wiagustini	PROPN
ijtc-734	163	9	,	,	PUNCT
ijtc-734	163	10	n.	n.	PROPN
ijtc-734	163	11	l.	l.	PROPN
ijtc-734	163	12	p.	p.	PROPN
ijtc-734	163	13	(	(	PUNCT
ijtc-734	163	14	2019	2019	NUM
ijtc-734	163	15	)	)	PUNCT
ijtc-734	163	16	.	.	PUNCT
ijtc-734	164	1	pengaruh	pengaruh	NOUN
ijtc-734	164	2	reputasi	reputasi	NOUN
ijtc-734	164	3	underwriter	underwriter	NOUN
ijtc-734	164	4	,	,	PUNCT
ijtc-734	164	5	ukuran	ukuran	PROPN
ijtc-734	164	6	perusahaan	perusahaan	PROPN
ijtc-734	164	7	,	,	PUNCT
ijtc-734	164	8	dan	dan	PROPN
ijtc-734	164	9	return	return	PROPN
ijtc-734	164	10	on	on	ADP
ijtc-734	164	11	equity	equity	NOUN
ijtc-734	164	12	terhadap	terhadap	PROPN
ijtc-734	164	13	underpricing	underprice	VERB
ijtc-734	164	14	saat	saat	PROPN
ijtc-734	164	15	ipo	ipo	PROPN
ijtc-734	164	16	di	di	PROPN
ijtc-734	164	17	bei	bei	PROPN
ijtc-734	164	18	.	.	PUNCT
ijtc-734	165	1	jurnal	jurnal	ADJ
ijtc-734	165	2	manajemen	manajeman	NOUN
ijtc-734	165	3	,	,	PUNCT
ijtc-734	165	4	8(8	8(8	NUM
ijtc-734	165	5	)	)	PUNCT
ijtc-734	165	6	,	,	PUNCT
ijtc-734	165	7	28	28	NUM
ijtc-734	165	8	.	.	PUNCT
ijtc-734	166	1	kasmad	kasmad	PROPN
ijtc-734	166	2	,	,	PUNCT
ijtc-734	166	3	p.	p.	NOUN
ijtc-734	166	4	,	,	PUNCT
ijtc-734	166	5	bhasnawi	bhasnawi	PROPN
ijtc-734	166	6	,	,	PUNCT
ijtc-734	166	7	m.	m.	PROPN
ijtc-734	166	8	r.	r.	PROPN
ijtc-734	166	9	,	,	PUNCT
ijtc-734	166	10	maddinsyah	maddinsyah	PROPN
ijtc-734	166	11	,	,	PUNCT
ijtc-734	166	12	a.	a.	PROPN
ijtc-734	166	13	,	,	PUNCT
ijtc-734	166	14	&	&	CCONJ
ijtc-734	166	15	sunarsi	sunarsi	PROPN
ijtc-734	166	16	,	,	PUNCT
ijtc-734	166	17	d.	d.	PROPN
ijtc-734	166	18	(	(	PUNCT
ijtc-734	166	19	2021	2021	NUM
ijtc-734	166	20	)	)	PUNCT
ijtc-734	166	21	.	.	PUNCT
ijtc-734	167	1	changes	change	NOUN
ijtc-734	167	2	in	in	ADP
ijtc-734	167	3	underpricing	underprice	VERB
ijtc-734	167	4	due	due	ADP
ijtc-734	167	5	to	to	ADP
ijtc-734	167	6	changes	change	NOUN
ijtc-734	167	7	in	in	ADP
ijtc-734	167	8	return	return	NOUN
ijtc-734	167	9	on	on	ADP
ijtc-734	167	10	assets	asset	NOUN
ijtc-734	167	11	,	,	PUNCT
ijtc-734	167	12	debt	debt	NOUN
ijtc-734	167	13	to	to	ADP
ijtc-734	167	14	equity	equity	NOUN
ijtc-734	167	15	ratio	ratio	NOUN
ijtc-734	167	16	,	,	PUNCT
ijtc-734	167	17	and	and	CCONJ
ijtc-734	167	18	firm	firm	ADJ
ijtc-734	167	19	size	size	NOUN
ijtc-734	167	20	analysis	analysis	NOUN
ijtc-734	167	21	.	.	PUNCT
ijtc-734	168	1	inceess	inceess	NOUN
ijtc-734	168	2	2020	2020	NUM
ijtc-734	168	3	:	:	PUNCT
ijtc-734	168	4	proceedings	proceeding	NOUN
ijtc-734	168	5	of	of	ADP
ijtc-734	168	6	the	the	DET
ijtc-734	168	7	1st	1st	ADJ
ijtc-734	168	8	international	international	ADJ
ijtc-734	168	9	conference	conference	NOUN
ijtc-734	168	10	on	on	ADP
ijtc-734	168	11	economics	economic	NOUN
ijtc-734	168	12	engineering	engineering	NOUN
ijtc-734	168	13	and	and	CCONJ
ijtc-734	168	14	social	social	ADJ
ijtc-734	168	15	science	science	NOUN
ijtc-734	168	16	,	,	PUNCT
ijtc-734	168	17	inceess	inceess	NOUN
ijtc-734	168	18	2020	2020	NUM
ijtc-734	168	19	,	,	PUNCT
ijtc-734	168	20	17	17	NUM
ijtc-734	168	21	-	-	SYM
ijtc-734	168	22	18	18	NUM
ijtc-734	168	23	july	july	PROPN
ijtc-734	168	24	,	,	PUNCT
ijtc-734	168	25	bekasi	bekasi	PROPN
ijtc-734	168	26	,	,	PUNCT
ijtc-734	168	27	indonesia	indonesia	PROPN
ijtc-734	168	28	,	,	PUNCT
ijtc-734	168	29	117	117	NUM
ijtc-734	168	30	.	.	PUNCT
ijtc-734	168	31	kuncoro	kuncoro	PROPN
ijtc-734	168	32	,	,	PUNCT
ijtc-734	168	33	h.	h.	PROPN
ijtc-734	168	34	b.	b.	PROPN
ijtc-734	168	35	,	,	PUNCT
ijtc-734	168	36	&	&	CCONJ
ijtc-734	168	37	suryaputri	suryaputri	PROPN
ijtc-734	168	38	,	,	PUNCT
ijtc-734	168	39	r.	r.	PROPN
ijtc-734	168	40	v.	v.	PROPN
ijtc-734	168	41	(	(	PUNCT
ijtc-734	168	42	2019	2019	NUM
ijtc-734	168	43	)	)	PUNCT
ijtc-734	168	44	.	.	PUNCT
ijtc-734	169	1	analisis	analisis	ADJ
ijtc-734	169	2	faktor	faktor	NOUN
ijtc-734	169	3	-	-	PUNCT
ijtc-734	169	4	faktor	faktor	NOUN
ijtc-734	169	5	yang	yang	PROPN
ijtc-734	169	6	mempengaruhi	mempengaruhi	PROPN
ijtc-734	169	7	underpricing	underprice	VERB
ijtc-734	169	8	saham	saham	PROPN
ijtc-734	169	9	pada	pada	PROPN
ijtc-734	169	10	penawaran	penawaran	PROPN
ijtc-734	169	11	umum	umum	PROPN
ijtc-734	169	12	perdana	perdana	PROPN
ijtc-734	169	13	.	.	PUNCT
ijtc-734	170	1	jurnal	jurnal	ADJ
ijtc-734	170	2	akuntansi	akuntansi	PROPN
ijtc-734	170	3	trisakti	trisakti	PROPN
ijtc-734	170	4	,	,	PUNCT
ijtc-734	170	5	6(2	6(2	NUM
ijtc-734	170	6	)	)	PUNCT
ijtc-734	170	7	,	,	PUNCT
ijtc-734	170	8	213	213	NUM
ijtc-734	170	9	–	–	PUNCT
ijtc-734	170	10	234	234	NUM
ijtc-734	170	11	.	.	PUNCT
ijtc-734	171	1	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADJ
ijtc-734	171	2	reviewing	review	VERB
ijtc-734	171	3	internal	internal	ADJ
ijtc-734	171	4	variables	variable	NOUN
ijtc-734	171	5	on	on	ADP
ijtc-734	171	6	the	the	DET
ijtc-734	171	7	level	level	NOUN
ijtc-734	171	8	of	of	ADP
ijtc-734	171	9	underpricing	underpricing	NOUN
ijtc-734	171	10	of	of	ADP
ijtc-734	171	11	ipo	ipo	NOUN
ijtc-734	171	12	shares	share	NOUN
ijtc-734	171	13	(	(	PUNCT
ijtc-734	171	14	observation	observation	NOUN
ijtc-734	171	15	of	of	ADP
ijtc-734	171	16	the	the	DET
ijtc-734	171	17	company	company	NOUN
ijtc-734	171	18	go	go	VERB
ijtc-734	171	19	public	public	ADJ
ijtc-734	171	20	on	on	ADP
ijtc-734	171	21	idx	idx	NOUN
ijtc-734	171	22	2021	2021	NUM
ijtc-734	171	23	-	-	SYM
ijtc-734	171	24	2022	2022	NUM
ijtc-734	171	25	)	)	PUNCT
ijtc-734	171	26	yandes	yande	NOUN
ijtc-734	171	27	and	and	CCONJ
ijtc-734	171	28	nugroho	nugroho	NOUN
ijtc-734	171	29	322	322	NUM
ijtc-734	171	30	|	|	ADV
ijtc-734	171	31	ilomata	ilomata	PROPN
ijtc-734	171	32	international	international	ADJ
ijtc-734	171	33	journal	journal	NOUN
ijtc-734	171	34	of	of	ADP
ijtc-734	171	35	tax	tax	PROPN
ijtc-734	171	36	&	&	CCONJ
ijtc-734	171	37	accounting	account	VERB
ijtc-734	171	38	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-734	171	39	kusminto	kusminto	PROPN
ijtc-734	171	40	,	,	PUNCT
ijtc-734	171	41	h.	h.	PROPN
ijtc-734	171	42	(	(	PUNCT
ijtc-734	171	43	2018	2018	NUM
ijtc-734	171	44	)	)	PUNCT
ijtc-734	171	45	.	.	PUNCT
ijtc-734	172	1	analisis	analisis	ADJ
ijtc-734	172	2	faktor	faktor	NOUN
ijtc-734	172	3	-	-	PUNCT
ijtc-734	172	4	faktor	faktor	NOUN
ijtc-734	172	5	yang	yang	PROPN
ijtc-734	172	6	mempengaruhi	mempengaruhi	PROPN
ijtc-734	172	7	underpricing	underprice	VERB
ijtc-734	172	8	pada	pada	PROPN
ijtc-734	172	9	perusahaan	perusahaan	PROPN
ijtc-734	172	10	yang	yang	PROPN
ijtc-734	172	11	melakukan	melakukan	PROPN
ijtc-734	172	12	ipo	ipo	PROPN
ijtc-734	172	13	di	di	PROPN
ijtc-734	172	14	bei	bei	PROPN
ijtc-734	172	15	pada	pada	PROPN
ijtc-734	172	16	2001	2001	NUM
ijtc-734	172	17	-	-	SYM
ijtc-734	172	18	2013	2013	NUM
ijtc-734	172	19	.	.	PUNCT
ijtc-734	173	1	calyptra	calyptra	PROPN
ijtc-734	173	2	,	,	PUNCT
ijtc-734	173	3	6(2	6(2	NUM
ijtc-734	173	4	)	)	PUNCT
ijtc-734	173	5	,	,	PUNCT
ijtc-734	173	6	641–657	641–657	NUM
ijtc-734	173	7	.	.	PUNCT
ijtc-734	174	1	lestari	lestari	PROPN
ijtc-734	174	2	,	,	PUNCT
ijtc-734	174	3	y.	y.	PROPN
ijtc-734	174	4	s.	s.	PROPN
ijtc-734	174	5	(	(	PUNCT
ijtc-734	174	6	2018	2018	NUM
ijtc-734	174	7	)	)	PUNCT
ijtc-734	174	8	.	.	PUNCT
ijtc-734	175	1	pengaruh	pengaruh	NOUN
ijtc-734	175	2	ukuran	ukuran	PROPN
ijtc-734	175	3	perusahaan	perusahaan	PROPN
ijtc-734	175	4	,	,	PUNCT
ijtc-734	175	5	reputasi	reputasi	NOUN
ijtc-734	175	6	underwriter	underwriter	NOUN
ijtc-734	175	7	,	,	PUNCT
ijtc-734	175	8	return	return	VERB
ijtc-734	175	9	on	on	ADP
ijtc-734	175	10	asset	asset	NOUN
ijtc-734	175	11	(	(	PUNCT
ijtc-734	175	12	roa	roa	PROPN
ijtc-734	175	13	)	)	PUNCT
ijtc-734	175	14	,	,	PUNCT
ijtc-734	175	15	return	return	VERB
ijtc-734	175	16	on	on	ADP
ijtc-734	175	17	equity	equity	NOUN
ijtc-734	175	18	(	(	PUNCT
ijtc-734	175	19	roe	roe	PROPN
ijtc-734	175	20	)	)	PUNCT
ijtc-734	175	21	dan	dan	PROPN
ijtc-734	175	22	financial	financial	PROPN
ijtc-734	175	23	leverage	leverage	PROPN
ijtc-734	175	24	terhadap	terhadap	PROPN
ijtc-734	175	25	underpricing	underprice	VERB
ijtc-734	175	26	saham	saham	PROPN
ijtc-734	175	27	initial	initial	ADJ
ijtc-734	175	28	public	public	ADJ
ijtc-734	175	29	offering	offering	NOUN
ijtc-734	175	30	(	(	PUNCT
ijtc-734	175	31	ipo	ipo	PROPN
ijtc-734	175	32	)	)	PUNCT
ijtc-734	175	33	pada	pada	PROPN
ijtc-734	175	34	pasar	pasar	PROPN
ijtc-734	175	35	perdana	perdana	PROPN
ijtc-734	175	36	di	di	PROPN
ijtc-734	175	37	bursa	bursa	PROPN
ijtc-734	175	38	efek	efek	PROPN
ijtc-734	175	39	indonesia	indonesia	PROPN
ijtc-734	175	40	periode	periode	PROPN
ijtc-734	175	41	2012	2012	NUM
ijtc-734	175	42	-	-	SYM
ijtc-734	175	43	2016	2016	NUM
ijtc-734	175	44	.	.	PUNCT
ijtc-734	176	1	universitas	universita	NOUN
ijtc-734	176	2	17	17	NUM
ijtc-734	176	3	agustus	agustus	PROPN
ijtc-734	176	4	1945	1945	NUM
ijtc-734	176	5	surabaya	surabaya	PROPN
ijtc-734	176	6	.	.	PUNCT
ijtc-734	177	1	mahardika	mahardika	PROPN
ijtc-734	177	2	,	,	PUNCT
ijtc-734	177	3	d.	d.	PROPN
ijtc-734	177	4	f.	f.	PROPN
ijtc-734	177	5	,	,	PUNCT
ijtc-734	177	6	&	&	CCONJ
ijtc-734	177	7	ismiyanti	ismiyanti	PROPN
ijtc-734	177	8	,	,	PUNCT
ijtc-734	177	9	f.	f.	PROPN
ijtc-734	177	10	(	(	PUNCT
ijtc-734	177	11	2021	2021	NUM
ijtc-734	177	12	)	)	PUNCT
ijtc-734	177	13	.	.	PUNCT
ijtc-734	178	1	the	the	DET
ijtc-734	178	2	effect	effect	NOUN
ijtc-734	178	3	of	of	ADP
ijtc-734	178	4	financial	financial	ADJ
ijtc-734	178	5	and	and	CCONJ
ijtc-734	178	6	non	non	ADJ
ijtc-734	178	7	-	-	ADJ
ijtc-734	178	8	financial	financial	ADJ
ijtc-734	178	9	variables	variable	NOUN
ijtc-734	178	10	on	on	ADP
ijtc-734	178	11	underpricing	underprice	VERB
ijtc-734	178	12	.	.	PUNCT
ijtc-734	179	1	european	european	ADJ
ijtc-734	179	2	journal	journal	PROPN
ijtc-734	179	3	of	of	ADP
ijtc-734	179	4	economic	economic	ADJ
ijtc-734	179	5	and	and	CCONJ
ijtc-734	179	6	financial	financial	ADJ
ijtc-734	179	7	research	research	NOUN
ijtc-734	179	8	,	,	PUNCT
ijtc-734	179	9	4(4	4(4	NUM
ijtc-734	179	10	)	)	PUNCT
ijtc-734	179	11	.	.	PUNCT
ijtc-734	180	1	mayasari	mayasari	PROPN
ijtc-734	180	2	,	,	PUNCT
ijtc-734	180	3	t.	t.	PROPN
ijtc-734	180	4	,	,	PUNCT
ijtc-734	180	5	&	&	CCONJ
ijtc-734	180	6	yulianto	yulianto	PROPN
ijtc-734	180	7	,	,	PUNCT
ijtc-734	180	8	a.	a.	NOUN
ijtc-734	180	9	(	(	PUNCT
ijtc-734	180	10	2018	2018	NUM
ijtc-734	180	11	)	)	PUNCT
ijtc-734	180	12	.	.	PUNCT
ijtc-734	181	1	pengaruh	pengaruh	NOUN
ijtc-734	181	2	return	return	VERB
ijtc-734	181	3	on	on	ADP
ijtc-734	181	4	equity	equity	NOUN
ijtc-734	181	5	,	,	PUNCT
ijtc-734	181	6	net	net	ADJ
ijtc-734	181	7	profit	profit	NOUN
ijtc-734	181	8	margin	margin	NOUN
ijtc-734	181	9	,	,	PUNCT
ijtc-734	181	10	dan	dan	PROPN
ijtc-734	181	11	ukuran	ukuran	PROPN
ijtc-734	181	12	perusahaan	perusahaan	PROPN
ijtc-734	181	13	terhadap	terhadap	PROPN
ijtc-734	181	14	underpricing	underpricing	PROPN
ijtc-734	181	15	.	.	PUNCT
ijtc-734	182	1	jurnal	jurnal	ADJ
ijtc-734	182	2	kajian	kajian	PROPN
ijtc-734	182	3	akuntansi	akuntansi	PROPN
ijtc-734	182	4	,	,	PUNCT
ijtc-734	182	5	2(1	2(1	NUM
ijtc-734	182	6	)	)	PUNCT
ijtc-734	182	7	,	,	PUNCT
ijtc-734	182	8	41–53	41–53	NUM
ijtc-734	182	9	.	.	PUNCT
ijtc-734	183	1	mokhamad	mokhamad	PROPN
ijtc-734	183	2	anwar	anwar	PROPN
ijtc-734	183	3	,	,	PUNCT
ijtc-734	183	4	s.	s.	PROPN
ijtc-734	183	5	e.	e.	PROPN
ijtc-734	183	6	(	(	PUNCT
ijtc-734	183	7	2015	2015	NUM
ijtc-734	183	8	)	)	PUNCT
ijtc-734	183	9	.	.	PUNCT
ijtc-734	184	1	pengantar	pengantar	PROPN
ijtc-734	184	2	manajemen	manajeman	NOUN
ijtc-734	184	3	keuangan	keuangan	PROPN
ijtc-734	184	4	.	.	PUNCT
ijtc-734	185	1	universitas	universitas	PROPN
ijtc-734	185	2	terbuka	terbuka	PROPN
ijtc-734	185	3	-	-	PUNCT
ijtc-734	185	4	kementerian	kementerian	PROPN
ijtc-734	185	5	riset	riset	NOUN
ijtc-734	185	6	,	,	PUNCT
ijtc-734	185	7	teknologi	teknologi	PROPN
ijtc-734	185	8	dan	dan	PROPN
ijtc-734	185	9	pendidikan	pendidikan	PROPN
ijtc-734	185	10	tinggi	tinggi	PROPN
ijtc-734	185	11	.	.	PUNCT
ijtc-734	186	1	mulyani	mulyani	PROPN
ijtc-734	186	2	,	,	PUNCT
ijtc-734	186	3	e.	e.	PROPN
ijtc-734	186	4	,	,	PUNCT
ijtc-734	186	5	&	&	CCONJ
ijtc-734	186	6	maulidya	maulidya	PROPN
ijtc-734	186	7	,	,	PUNCT
ijtc-734	186	8	r.	r.	PROPN
ijtc-734	186	9	(	(	PUNCT
ijtc-734	186	10	2021	2021	NUM
ijtc-734	186	11	)	)	PUNCT
ijtc-734	186	12	.	.	PUNCT
ijtc-734	187	1	underpricing	underprice	VERB
ijtc-734	187	2	saham	saham	PROPN
ijtc-734	187	3	pada	pada	PROPN
ijtc-734	187	4	saat	saat	PROPN
ijtc-734	187	5	initial	initial	ADJ
ijtc-734	187	6	public	public	ADJ
ijtc-734	187	7	offering	offering	NOUN
ijtc-734	187	8	(	(	PUNCT
ijtc-734	187	9	ipo	ipo	NOUN
ijtc-734	187	10	):	):	PUNCT
ijtc-734	187	11	pengaruh	pengaruh	NOUN
ijtc-734	187	12	ukuran	ukuran	ADJ
ijtc-734	187	13	perusahaan	perusahaan	PROPN
ijtc-734	187	14	,	,	PUNCT
ijtc-734	187	15	umur	umur	PROPN
ijtc-734	187	16	perusahaan	perusahaan	PROPN
ijtc-734	187	17	,	,	PUNCT
ijtc-734	187	18	reputasi	reputasi	PROPN
ijtc-734	187	19	kap	kap	PROPN
ijtc-734	187	20	dan	dan	PROPN
ijtc-734	187	21	profitabilitas	profitabilitas	PROPN
ijtc-734	187	22	.	.	PUNCT
ijtc-734	188	1	wahana	wahana	PROPN
ijtc-734	188	2	riset	riset	PROPN
ijtc-734	188	3	akuntansi	akuntansi	PROPN
ijtc-734	188	4	,	,	PUNCT
ijtc-734	188	5	9(2	9(2	NUM
ijtc-734	188	6	)	)	PUNCT
ijtc-734	188	7	,	,	PUNCT
ijtc-734	188	8	139–151	139–151	NUM
ijtc-734	188	9	.	.	PUNCT
ijtc-734	189	1	novitasari	novitasari	PROPN
ijtc-734	189	2	,	,	PUNCT
ijtc-734	189	3	d.	d.	PROPN
ijtc-734	189	4	,	,	PUNCT
ijtc-734	189	5	&	&	CCONJ
ijtc-734	189	6	cahyati	cahyati	PROPN
ijtc-734	189	7	,	,	PUNCT
ijtc-734	189	8	a.	a.	PROPN
ijtc-734	189	9	d.	d.	PROPN
ijtc-734	189	10	(	(	PUNCT
ijtc-734	189	11	2018	2018	NUM
ijtc-734	189	12	)	)	PUNCT
ijtc-734	189	13	.	.	PUNCT
ijtc-734	190	1	faktor	faktor	NOUN
ijtc-734	190	2	-	-	PUNCT
ijtc-734	190	3	faktor	faktor	NOUN
ijtc-734	190	4	yang	yang	PROPN
ijtc-734	190	5	mempengaruhi	mempengaruhi	AUX
ijtc-734	190	6	underpricing	underprice	VERB
ijtc-734	190	7	saham	saham	PROPN
ijtc-734	190	8	pada	pada	PROPN
ijtc-734	190	9	penawaran	penawaran	NOUN
ijtc-734	190	10	umum	umum	PROPN
ijtc-734	190	11	perdana	perdana	PROPN
ijtc-734	190	12	di	di	PROPN
ijtc-734	190	13	bursa	bursa	PROPN
ijtc-734	190	14	efek	efek	NOUN
ijtc-734	190	15	indonesia	indonesia	PROPN
ijtc-734	190	16	(	(	PUNCT
ijtc-734	190	17	studi	studi	PROPN
ijtc-734	190	18	pada	pada	PROPN
ijtc-734	190	19	perusahaan	perusahaan	PROPN
ijtc-734	190	20	non	non	PROPN
ijtc-734	190	21	keuangan	keuangan	PROPN
ijtc-734	190	22	yang	yang	PROPN
ijtc-734	190	23	terdaftar	terdaftar	PROPN
ijtc-734	190	24	di	di	PROPN
ijtc-734	190	25	bursa	bursa	PROPN
ijtc-734	190	26	efek	efek	NOUN
ijtc-734	190	27	indonesia	indonesia	PROPN
ijtc-734	190	28	tahun	tahun	PROPN
ijtc-734	190	29	2013	2013	NUM
ijtc-734	190	30	-	-	SYM
ijtc-734	190	31	2016	2016	NUM
ijtc-734	190	32	)	)	PUNCT
ijtc-734	190	33	.	.	PUNCT
ijtc-734	191	1	jurnal	jurnal	ADJ
ijtc-734	191	2	penelitian	penelitian	PROPN
ijtc-734	191	3	teori	teori	PROPN
ijtc-734	191	4	dan	dan	PROPN
ijtc-734	191	5	terapan	terapan	PROPN
ijtc-734	191	6	akuntansi	akuntansi	PROPN
ijtc-734	191	7	(	(	PUNCT
ijtc-734	191	8	peta	peta	PROPN
ijtc-734	191	9	)	)	PUNCT
ijtc-734	191	10	,	,	PUNCT
ijtc-734	191	11	3(1	3(1	NUM
ijtc-734	191	12	)	)	PUNCT
ijtc-734	191	13	,	,	PUNCT
ijtc-734	191	14	34–64	34–64	PROPN
ijtc-734	191	15	.	.	PUNCT
ijtc-734	191	16	nurazizah	nurazizah	PROPN
ijtc-734	191	17	,	,	PUNCT
ijtc-734	191	18	n.	n.	PROPN
ijtc-734	191	19	d.	d.	PROPN
ijtc-734	191	20	,	,	PUNCT
ijtc-734	191	21	&	&	CCONJ
ijtc-734	191	22	majidah	majidah	PROPN
ijtc-734	191	23	,	,	PUNCT
ijtc-734	191	24	m.	m.	NOUN
ijtc-734	191	25	(	(	PUNCT
ijtc-734	191	26	2019	2019	NUM
ijtc-734	191	27	)	)	PUNCT
ijtc-734	191	28	.	.	PUNCT
ijtc-734	192	1	analisis	analisis	ADJ
ijtc-734	192	2	faktor	faktor	NOUN
ijtc-734	192	3	-	-	PUNCT
ijtc-734	192	4	faktor	faktor	NOUN
ijtc-734	192	5	yang	yang	PROPN
ijtc-734	192	6	mempengaruhi	mempengaruhi	VERB
ijtc-734	192	7	tingkat	tingkat	PROPN
ijtc-734	192	8	underpricing	underprice	VERB
ijtc-734	192	9	pada	pada	PROPN
ijtc-734	192	10	saat	saat	PROPN
ijtc-734	192	11	initial	initial	ADJ
ijtc-734	192	12	public	public	ADJ
ijtc-734	192	13	offering	offering	NOUN
ijtc-734	192	14	(	(	PUNCT
ijtc-734	192	15	ipo	ipo	NOUN
ijtc-734	192	16	)	)	PUNCT
ijtc-734	192	17	di	di	NOUN
ijtc-734	192	18	bursa	bursa	PROPN
ijtc-734	192	19	efek	efek	PROPN
ijtc-734	192	20	indonesia	indonesia	PROPN
ijtc-734	192	21	.	.	PUNCT
ijtc-734	193	1	jurnal	jurnal	ADJ
ijtc-734	193	2	ilmiah	ilmiah	PROPN
ijtc-734	193	3	mea	mea	INTJ
ijtc-734	193	4	(	(	PUNCT
ijtc-734	193	5	manajemen	manajeman	NOUN
ijtc-734	193	6	,	,	PUNCT
ijtc-734	193	7	ekonomi	ekonomi	PROPN
ijtc-734	193	8	,	,	PUNCT
ijtc-734	193	9	&	&	CCONJ
ijtc-734	193	10	akuntansi	akuntansi	PROPN
ijtc-734	193	11	)	)	PUNCT
ijtc-734	193	12	,	,	PUNCT
ijtc-734	193	13	3(3	3(3	NUM
ijtc-734	193	14	)	)	PUNCT
ijtc-734	193	15	,	,	PUNCT
ijtc-734	193	16	157–167	157–167	NUM
ijtc-734	193	17	.	.	PUNCT
ijtc-734	194	1	permatasari	permatasari	PROPN
ijtc-734	194	2	,	,	PUNCT
ijtc-734	194	3	r.	r.	PROPN
ijtc-734	194	4	,	,	PUNCT
ijtc-734	194	5	&	&	CCONJ
ijtc-734	194	6	kusumah	kusumah	PROPN
ijtc-734	194	7	,	,	PUNCT
ijtc-734	194	8	r.	r.	PROPN
ijtc-734	194	9	(	(	PUNCT
ijtc-734	194	10	2017	2017	NUM
ijtc-734	194	11	)	)	PUNCT
ijtc-734	194	12	.	.	PUNCT
ijtc-734	195	1	pengaruh	pengaruh	NOUN
ijtc-734	195	2	return	return	VERB
ijtc-734	195	3	on	on	ADP
ijtc-734	195	4	asset	asset	NOUN
ijtc-734	195	5	,	,	PUNCT
ijtc-734	195	6	price	price	NOUN
ijtc-734	195	7	earning	earning	NOUN
ijtc-734	195	8	ratio	ratio	NOUN
ijtc-734	195	9	,	,	PUNCT
ijtc-734	195	10	ukuran	ukuran	PROPN
ijtc-734	195	11	perusahaan	perusahaan	PROPN
ijtc-734	195	12	,	,	PUNCT
ijtc-734	195	13	prosentase	prosentase	NOUN
ijtc-734	195	14	penawaran	penawaran	NOUN
ijtc-734	195	15	saham	saham	PROPN
ijtc-734	195	16	,	,	PUNCT
ijtc-734	195	17	dan	dan	PROPN
ijtc-734	195	18	reputasi	reputasi	PROPN
ijtc-734	195	19	underwriter	underwriter	PROPN
ijtc-734	195	20	terhadap	terhadap	PROPN
ijtc-734	195	21	tingkat	tingkat	PROPN
ijtc-734	195	22	underpricing	underprice	VERB
ijtc-734	195	23	(	(	PUNCT
ijtc-734	195	24	studi	studi	PROPN
ijtc-734	195	25	pada	pada	PROPN
ijtc-734	195	26	perusahaan	perusahaan	PROPN
ijtc-734	195	27	yang	yang	PROPN
ijtc-734	195	28	melakukan	melakukan	PROPN
ijtc-734	195	29	initial	initial	ADJ
ijtc-734	195	30	public	public	ADJ
ijtc-734	195	31	offering	offering	NOUN
ijtc-734	195	32	di	di	PROPN
ijtc-734	195	33	bursa	bursa	PROPN
ijtc-734	195	34	efek	efek	NOUN
ijtc-734	195	35	indonesia	indonesia	PROPN
ijtc-734	195	36	periode	periode	PROPN
ijtc-734	195	37	20082015	20082015	NUM
ijtc-734	195	38	)	)	PUNCT
ijtc-734	195	39	.	.	PUNCT
ijtc-734	196	1	rahmawati	rahmawati	PROPN
ijtc-734	196	2	,	,	PUNCT
ijtc-734	196	3	i.	i.	PROPN
ijtc-734	196	4	y.	y.	PROPN
ijtc-734	196	5	,	,	PUNCT
ijtc-734	196	6	akil	akil	PROPN
ijtc-734	196	7	,	,	PUNCT
ijtc-734	196	8	w.	w.	PROPN
ijtc-734	196	9	f.	f.	PROPN
ijtc-734	196	10	,	,	PUNCT
ijtc-734	196	11	hartikasari	hartikasari	PROPN
ijtc-734	196	12	,	,	PUNCT
ijtc-734	196	13	a.	a.	NOUN
ijtc-734	196	14	i.	i.	PROPN
ijtc-734	196	15	,	,	PUNCT
ijtc-734	196	16	rohayati	rohayati	PROPN
ijtc-734	196	17	,	,	PUNCT
ijtc-734	196	18	c.	c.	PROPN
ijtc-734	196	19	,	,	PUNCT
ijtc-734	196	20	&	&	CCONJ
ijtc-734	196	21	pandansari	pandansari	PROPN
ijtc-734	196	22	,	,	PUNCT
ijtc-734	196	23	t.	t.	PROPN
ijtc-734	196	24	(	(	PUNCT
ijtc-734	196	25	2022	2022	NUM
ijtc-734	196	26	)	)	PUNCT
ijtc-734	196	27	.	.	PUNCT
ijtc-734	197	1	effect	effect	NOUN
ijtc-734	197	2	of	of	ADP
ijtc-734	197	3	financial	financial	ADJ
ijtc-734	197	4	leverage	leverage	NOUN
ijtc-734	197	5	,	,	PUNCT
ijtc-734	197	6	roa	roa	NOUN
ijtc-734	197	7	,	,	PUNCT
ijtc-734	197	8	ownership	ownership	NOUN
ijtc-734	197	9	concentration	concentration	NOUN
ijtc-734	197	10	,	,	PUNCT
ijtc-734	197	11	listing	list	VERB
ijtc-734	197	12	delay	delay	NOUN
ijtc-734	197	13	on	on	ADP
ijtc-734	197	14	levels	level	NOUN
ijtc-734	197	15	underpricing	underprice	VERB
ijtc-734	197	16	during	during	ADP
ijtc-734	197	17	initial	initial	ADJ
ijtc-734	197	18	public	public	ADJ
ijtc-734	197	19	offering	offering	NOUN
ijtc-734	197	20	(	(	PUNCT
ijtc-734	197	21	ipo	ipo	PROPN
ijtc-734	197	22	)	)	PUNCT
ijtc-734	197	23	in	in	ADP
ijtc-734	197	24	manufacturing	manufacture	VERB
ijtc-734	197	25	companies	company	NOUN
ijtc-734	197	26	on	on	ADP
ijtc-734	197	27	the	the	DET
ijtc-734	197	28	indonesia	indonesia	PROPN
ijtc-734	197	29	stock	stock	PROPN
ijtc-734	197	30	exchange	exchange	PROPN
ijtc-734	197	31	(	(	PUNCT
ijtc-734	197	32	20162020	20162020	NUM
ijtc-734	197	33	\	\	NOUN
ijtc-734	197	34	period	period	NOUN
ijtc-734	197	35	)	)	PUNCT
ijtc-734	197	36	.	.	PUNCT
ijtc-734	198	1	https://doi.org/10.4108/eai.10-8-2022.2320917	https://doi.org/10.4108/eai.10-8-2022.2320917	PROPN
ijtc-734	198	2	samsul	samsul	PROPN
ijtc-734	198	3	,	,	PUNCT
ijtc-734	198	4	m.	m.	NOUN
ijtc-734	198	5	(	(	PUNCT
ijtc-734	198	6	2006	2006	NUM
ijtc-734	198	7	)	)	PUNCT
ijtc-734	198	8	.	.	PUNCT
ijtc-734	199	1	pasar	pasar	PROPN
ijtc-734	199	2	modal	modal	PROPN
ijtc-734	199	3	dan	dan	PROPN
ijtc-734	199	4	manajemen	manajemen	PROPN
ijtc-734	199	5	portofolio	portofolio	PROPN
ijtc-734	199	6	,	,	PUNCT
ijtc-734	199	7	penerbit	penerbit	NOUN
ijtc-734	199	8	erlangga	erlangga	PROPN
ijtc-734	199	9	.	.	PUNCT
ijtc-734	200	1	surabaya	surabaya	PROPN
ijtc-734	200	2	.	.	PUNCT
ijtc-734	201	1	p.	p.	NOUN
ijtc-734	201	2	sartika	sartika	PROPN
ijtc-734	201	3	,	,	PUNCT
ijtc-734	201	4	d.	d.	PROPN
ijtc-734	201	5	,	,	PUNCT
ijtc-734	201	6	binangkit	binangkit	PROPN
ijtc-734	201	7	,	,	PUNCT
ijtc-734	201	8	i.	i.	PROPN
ijtc-734	201	9	d.	d.	PROPN
ijtc-734	201	10	,	,	PUNCT
ijtc-734	201	11	&	&	CCONJ
ijtc-734	201	12	hinggo	hinggo	PROPN
ijtc-734	201	13	,	,	PUNCT
ijtc-734	201	14	h.	h.	PROPN
ijtc-734	201	15	t.	t.	PROPN
ijtc-734	201	16	(	(	PUNCT
ijtc-734	201	17	2022	2022	NUM
ijtc-734	201	18	)	)	PUNCT
ijtc-734	201	19	.	.	PUNCT
ijtc-734	202	1	analisis	analisis	ADJ
ijtc-734	202	2	faktor	faktor	NOUN
ijtc-734	202	3	-	-	PUNCT
ijtc-734	202	4	faktor	faktor	NOUN
ijtc-734	202	5	yang	yang	PROPN
ijtc-734	202	6	mempengaruhi	mempengaruhi	VERB
ijtc-734	202	7	tingkat	tingkat	PROPN
ijtc-734	202	8	underpricing	underprice	VERB
ijtc-734	202	9	saham	saham	PROPN
ijtc-734	202	10	pada	pada	PROPN
ijtc-734	202	11	initial	initial	ADJ
ijtc-734	202	12	public	public	ADJ
ijtc-734	202	13	offering	offering	NOUN
ijtc-734	202	14	(	(	PUNCT
ijtc-734	202	15	ipo	ipo	NOUN
ijtc-734	202	16	)	)	PUNCT
ijtc-734	202	17	di	di	NOUN
ijtc-734	202	18	bursa	bursa	PROPN
ijtc-734	202	19	efek	efek	NOUN
ijtc-734	202	20	indonesia	indonesia	PROPN
ijtc-734	202	21	(	(	PUNCT
ijtc-734	202	22	bei	bei	PROPN
ijtc-734	202	23	)	)	PUNCT
ijtc-734	202	24	periode	periode	NOUN
ijtc-734	202	25	2013	2013	NUM
ijtc-734	202	26	-	-	SYM
ijtc-734	202	27	2019	2019	NUM
ijtc-734	202	28	.	.	PUNCT
ijtc-734	203	1	ecountbis	ecountbis	PROPN
ijtc-734	203	2	:	:	PUNCT
ijtc-734	203	3	economics	economic	NOUN
ijtc-734	203	4	,	,	PUNCT
ijtc-734	203	5	accounting	accounting	NOUN
ijtc-734	203	6	and	and	CCONJ
ijtc-734	203	7	business	business	NOUN
ijtc-734	203	8	journal	journal	NOUN
ijtc-734	203	9	,	,	PUNCT
ijtc-734	203	10	2(2	2(2	NUM
ijtc-734	203	11	)	)	PUNCT
ijtc-734	203	12	,	,	PUNCT
ijtc-734	203	13	331	331	NUM
ijtc-734	203	14	–	–	PUNCT
ijtc-734	203	15	343	343	NUM
ijtc-734	203	16	.	.	PUNCT
ijtc-734	204	1	sembiring	sembiring	PROPN
ijtc-734	204	2	,	,	PUNCT
ijtc-734	204	3	e.	e.	PROPN
ijtc-734	204	4	f.	f.	PROPN
ijtc-734	204	5	,	,	PUNCT
ijtc-734	204	6	rahmawati	rahmawati	PROPN
ijtc-734	204	7	,	,	PUNCT
ijtc-734	204	8	g.	g.	PROPN
ijtc-734	204	9	,	,	PUNCT
ijtc-734	204	10	kusumawati	kusumawati	PROPN
ijtc-734	204	11	,	,	PUNCT
ijtc-734	204	12	w.	w.	PROPN
ijtc-734	204	13	,	,	PUNCT
ijtc-734	204	14	manajemen	manajeman	NOUN
ijtc-734	204	15	,	,	PUNCT
ijtc-734	204	16	p.	p.	PROPN
ijtc-734	204	17	s.	s.	PROPN
ijtc-734	204	18	,	,	PUNCT
ijtc-734	204	19	ekonomi	ekonomi	PROPN
ijtc-734	204	20	,	,	PUNCT
ijtc-734	204	21	f.	f.	PROPN
ijtc-734	204	22	,	,	PUNCT
ijtc-734	204	23	jenderal	jenderal	ADJ
ijtc-734	204	24	,	,	PUNCT
ijtc-734	204	25	u.	u.	PROPN
ijtc-734	204	26	,	,	PUNCT
ijtc-734	204	27	&	&	CCONJ
ijtc-734	204	28	yani	yani	PROPN
ijtc-734	204	29	,	,	PUNCT
ijtc-734	204	30	a.	a.	NOUN
ijtc-734	204	31	(	(	PUNCT
ijtc-734	204	32	2018	2018	NUM
ijtc-734	204	33	)	)	PUNCT
ijtc-734	204	34	.	.	PUNCT
ijtc-734	205	1	analisis	analisis	ADJ
ijtc-734	205	2	faktor	faktor	PROPN
ijtc-734	205	3	yang	yang	PROPN
ijtc-734	205	4	mempengaruhi	mempengaruhi	PROPN
ijtc-734	205	5	underpricing	underprice	VERB
ijtc-734	205	6	pada	pada	PROPN
ijtc-734	205	7	perusahaan	perusahaan	PROPN
ijtc-734	205	8	yang	yang	PROPN
ijtc-734	205	9	terdaftar	terdaftar	PROPN
ijtc-734	205	10	di	di	PROPN
ijtc-734	205	11	bursa	bursa	PROPN
ijtc-734	205	12	efek	efek	NOUN
ijtc-734	205	13	indonesia	indonesia	PROPN
ijtc-734	205	14	tahun	tahun	PROPN
ijtc-734	205	15	2010	2010	NUM
ijtc-734	205	16	-	-	SYM
ijtc-734	205	17	2016	2016	NUM
ijtc-734	205	18	.	.	PUNCT
ijtc-734	206	1	2(2	2(2	NUM
ijtc-734	206	2	)	)	PUNCT
ijtc-734	206	3	,	,	PUNCT
ijtc-734	207	1	167–176	167–176	NUM
ijtc-734	207	2	.	.	PUNCT
ijtc-734	208	1	tandelilin	tandelilin	PROPN
ijtc-734	208	2	,	,	PUNCT
ijtc-734	208	3	e.	e.	PROPN
ijtc-734	208	4	(	(	PUNCT
ijtc-734	208	5	2010	2010	NUM
ijtc-734	208	6	)	)	PUNCT
ijtc-734	208	7	.	.	PUNCT
ijtc-734	209	1	analisis	analisis	ADJ
ijtc-734	209	2	investasi	investasi	PROPN
ijtc-734	209	3	dan	dan	PROPN
ijtc-734	209	4	manajemen	manajemen	PROPN
ijtc-734	209	5	portofolio	portofolio	PROPN
ijtc-734	209	6	,	,	PUNCT
ijtc-734	209	7	edisi	edisi	VERB
ijtc-734	209	8	kelima	kelima	PROPN
ijtc-734	209	9	.	.	PUNCT
ijtc-734	210	1	yogyakarta	yogyakarta	PROPN
ijtc-734	210	2	.	.	PUNCT
ijtc-734	211	1	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADJ
ijtc-734	211	2	reviewing	review	VERB
ijtc-734	211	3	internal	internal	ADJ
ijtc-734	211	4	variables	variable	NOUN
ijtc-734	211	5	on	on	ADP
ijtc-734	211	6	the	the	DET
ijtc-734	211	7	level	level	NOUN
ijtc-734	211	8	of	of	ADP
ijtc-734	211	9	underpricing	underpricing	NOUN
ijtc-734	211	10	of	of	ADP
ijtc-734	211	11	ipo	ipo	NOUN
ijtc-734	211	12	shares	share	NOUN
ijtc-734	211	13	(	(	PUNCT
ijtc-734	211	14	observation	observation	NOUN
ijtc-734	211	15	of	of	ADP
ijtc-734	211	16	the	the	DET
ijtc-734	211	17	company	company	NOUN
ijtc-734	211	18	go	go	VERB
ijtc-734	211	19	public	public	ADJ
ijtc-734	211	20	on	on	ADP
ijtc-734	211	21	idx	idx	NOUN
ijtc-734	211	22	2021	2021	NUM
ijtc-734	211	23	-	-	SYM
ijtc-734	211	24	2022	2022	NUM
ijtc-734	211	25	)	)	PUNCT
ijtc-734	211	26	yandes	yande	NOUN
ijtc-734	211	27	and	and	CCONJ
ijtc-734	211	28	nugroho	nugroho	NOUN
ijtc-734	211	29	323	323	NUM
ijtc-734	211	30	|	|	ADV
ijtc-734	211	31	ilomata	ilomata	NOUN
ijtc-734	211	32	international	international	ADJ
ijtc-734	211	33	journal	journal	NOUN
ijtc-734	211	34	of	of	ADP
ijtc-734	211	35	tax	tax	PROPN
ijtc-734	211	36	&	&	CCONJ
ijtc-734	211	37	accounting	accounting	PROPN
ijtc-734	211	38	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	PROPN
ijtc-734	211	39	thoriq	thoriq	NOUN
ijtc-734	211	40	,	,	PUNCT
ijtc-734	211	41	k.	k.	PROPN
ijtc-734	211	42	n.	n.	PROPN
ijtc-734	211	43	,	,	PUNCT
ijtc-734	211	44	hartoyo	hartoyo	PROPN
ijtc-734	211	45	,	,	PUNCT
ijtc-734	211	46	s.	s.	PROPN
ijtc-734	211	47	,	,	PUNCT
ijtc-734	211	48	&	&	CCONJ
ijtc-734	211	49	sasongko	sasongko	PROPN
ijtc-734	211	50	,	,	PUNCT
ijtc-734	211	51	h.	h.	PROPN
ijtc-734	211	52	(	(	PUNCT
ijtc-734	211	53	2018	2018	NUM
ijtc-734	211	54	)	)	PUNCT
ijtc-734	211	55	.	.	PUNCT
ijtc-734	212	1	faktor	faktor	PROPN
ijtc-734	212	2	internal	internal	PROPN
ijtc-734	212	3	dan	dan	PROPN
ijtc-734	212	4	eksternal	eksternal	PROPN
ijtc-734	212	5	yang	yang	PROPN
ijtc-734	212	6	memengaruhi	memengaruhi	PROPN
ijtc-734	212	7	underpricing	underprice	VERB
ijtc-734	212	8	pada	pada	PROPN
ijtc-734	212	9	saat	saat	PROPN
ijtc-734	212	10	ipo	ipo	PROPN
ijtc-734	212	11	di	di	PROPN
ijtc-734	212	12	bursa	bursa	PROPN
ijtc-734	212	13	efek	efek	PROPN
ijtc-734	212	14	indonesia	indonesia	PROPN
ijtc-734	212	15	.	.	PUNCT
ijtc-734	213	1	jurnal	jurnal	PROPN
ijtc-734	213	2	aplikasi	aplikasi	PROPN
ijtc-734	213	3	bisnis	bisnis	PROPN
ijtc-734	213	4	dan	dan	PROPN
ijtc-734	213	5	manajemen	manajemen	PROPN
ijtc-734	213	6	(	(	PUNCT
ijtc-734	213	7	jabm	jabm	PROPN
ijtc-734	213	8	)	)	PUNCT
ijtc-734	213	9	,	,	PUNCT
ijtc-734	213	10	4(1	4(1	NOUN
ijtc-734	213	11	)	)	PUNCT
ijtc-734	213	12	,	,	PUNCT
ijtc-734	213	13	19	19	NUM
ijtc-734	213	14	.	.	PROPN
ijtc-734	213	15	vivianti	vivianti	PROPN
ijtc-734	213	16	,	,	PUNCT
ijtc-734	213	17	j.	j.	PROPN
ijtc-734	213	18	(	(	PUNCT
ijtc-734	213	19	2021	2021	NUM
ijtc-734	213	20	)	)	PUNCT
ijtc-734	213	21	.	.	PUNCT
ijtc-734	214	1	faktor	faktor	PROPN
ijtc-734	214	2	keuangan	keuangan	PROPN
ijtc-734	214	3	dan	dan	PROPN
ijtc-734	214	4	non	non	PROPN
ijtc-734	214	5	keuangan	keuangan	PROPN
ijtc-734	214	6	yang	yang	PROPN
ijtc-734	214	7	mempengaruhi	mempengaruhi	PROPN
ijtc-734	214	8	underpricing	underprice	VERB
ijtc-734	214	9	pada	pada	PROPN
ijtc-734	214	10	perusahaan	perusahaan	PROPN
ijtc-734	214	11	yang	yang	PROPN
ijtc-734	214	12	melakukan	melakukan	PROPN
ijtc-734	214	13	penawaran	penawaran	PROPN
ijtc-734	214	14	umum	umum	PROPN
ijtc-734	214	15	perdana	perdana	PROPN
ijtc-734	214	16	di	di	PROPN
ijtc-734	214	17	bursa	bursa	PROPN
ijtc-734	214	18	efek	efek	PROPN
ijtc-734	214	19	indonesia	indonesia	PROPN
ijtc-734	214	20	,	,	PUNCT
ijtc-734	214	21	bursa	bursa	PROPN
ijtc-734	214	22	malaysia	malaysia	PROPN
ijtc-734	214	23	,	,	PUNCT
ijtc-734	214	24	dan	dan	PROPN
ijtc-734	214	25	bursa	bursa	PROPN
ijtc-734	214	26	singapura	singapura	PROPN
ijtc-734	214	27	.	.	PUNCT
ijtc-734	215	1	e	e	X
ijtc-734	215	2	-	-	ADJ
ijtc-734	215	3	jurnal	jurnal	ADJ
ijtc-734	215	4	akuntansi	akuntansi	PROPN
ijtc-734	215	5	tsm	tsm	NOUN
ijtc-734	215	6	,	,	PUNCT
ijtc-734	215	7	1(4	1(4	NUM
ijtc-734	215	8	)	)	PUNCT
ijtc-734	215	9	,	,	PUNCT
ijtc-734	215	10	375–390	375–390	NUM
ijtc-734	215	11	.	.	PUNCT
ijtc-734	216	1	https://www.ilomata.org/index.php/ijtc	https://www.ilomata.org/index.php/ijtc	ADJ