scholarly journals ANALISIS TINGKAT KESEHATAN BANK UMUM SYARIAH SEBELUM DAN SESUDAH TERDAFTAR DI BEI

2019 ◽  
Vol 5 (1) ◽  
pp. 70-84
Author(s):  
Yetri Martika Sari
Keyword(s):  
Initial Public Offering ◽  
Commercial Banks ◽  
Stock Exchange ◽  
Analytical Techniques ◽  
Sampling Technique ◽  
Two Samples ◽  
Before And After ◽  
Public Offering ◽  
Health Rating ◽  
Better Than

This study aims to assess the soundness of sharia commercial banks before and after being registere don the Indonesian stock exchange using the Risk-Based Bank Rating (RBBR) method which is stipulated in the OJK regulation No.8/POJK.03/2014 concerning the assessment of the soundness level of sharia commercial banks and sharia businessunits. The object of this research are sharia commercial banks registered on the Indonesian stock exchange (IDX). The sampling technique in this study used purposive sampling with the criteria of sharia commercial banks which was conducting an initial public offering in 2018. Two samples were obtained for this research, namely BRIS and BTPNS. The analytical techniques in this study were descriptive quantitative using four RBBR factors namely risk profile (NPF and FDR), GCG, profitability (NOM and ROA), andcapital (CAR). The resultsofthis study on the soundness of the bank before and after being listed on the IDX did not indicate a difference in the health rating of the banks both BRIS and BTPNS. the results of a comparison of the performance of BRIS and BTPNS seen from the four RBBR factors showed tha tBTPNS's performance was better than BRIS's performance.

scholarly journals ANALISIS KOMPARATIF KINERJA KEUANGAN PERUSAHAAN SEBELUM DAN SESUDAH INITIAL PUBLIC OFFERING (IPO) DI BURSA EFEK INDONESIA (BEI) TAHUN 2016

2020 ◽  
Vol 19 (1) ◽  
pp. 71-81
Author(s):  
Unun Khoirun Nisak ◽  
Budiono Budiono
Keyword(s):  
Financial Performance ◽  
Initial Public Offering ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Rank Test ◽  
Return On Equity ◽  
Before And After ◽  
Signed Rank Test ◽  
Public Offering ◽  
Turn Over

This study aims to analyze differences in the company's financial performance before and after the Initial Public Offering (IPO) on the Indonesia Stock Exchange in 2016. The observation period was conducted for 2 years before and 2 years after the IPO. The sampling technique was purposive sampling in order to get 12 companies. Variables used to measure financial performance are Current Ratio (CR), Debt to Asset Ratio (DAR), Debt to Equity Ratio (DER), Return On Asset (ROA), Return On Equity (ROE), Total Asset Turn Over (TATO) ), and Fixed Asset Turn Over (FATO). This research uses a quantitative approach with statistical methods. The data analysis technique used is one sample Kolmogorof Smirnof to test the normality of the data and paired sample t-test and Wilcoxon signed rank test to test the hypothesis. The results of this study indicate that there are differences in the company's financial performance measured by CR, DAR, DER, and TATO before and after the Initial Public Offering (IPO) and there is no difference in the company's financial performance measured by ROA, ROE, and FATO before and after the Initial Public Offering (IPO). ). The results of overall financial performance after the IPO action have not been fully realized so that the company's expectations for creating better financial performance have not been realized.

scholarly journals Financial Performance Analysis Before and After the Initial Public Offering (IPO)

2020 ◽  
Vol 4 (3) ◽  
pp. 323-328
Author(s):  
Linda Novita Dewi ◽  
Dicky Jhoansyah ◽  
Kokom Komariah
Keyword(s):  
Real Estate ◽  
Financial Performance ◽  
Initial Public Offering ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Building Construction ◽  
Construction Sector ◽  
Before And After ◽  
Public Offering ◽  
Profitability Ratios

During the 2014 presidential election, the performance of the property sector, real estate, and construction of national buildings reached 55.76%. However, in the following year, the performance of the property, real estate, and building construction sector declined and continued until 2018. Therefore many companies from this sector decided to take the floor on the Indonesian stock exchange. with this, it is hoped that the financial performance of this sector will improve. The purpose of this study was to determine whether there was an increase or not in the financial performance of the property, real estate, and building construction sector which was conducted in IPO 2017 on the Indonesia stock exchange. The research method used in this study is quantitative. The sampling technique used was purposive sampling technique with predetermined criteria. and obtained four companies selected as research samples. Data analysis techniques used in this study are horizontal analysis with liquidity ratios, activities, solvency, and profitability ratio. the results of this study are there is an increase in financial performance after the IPO with solvency ratios and there is a decrease in financial performance after IPO with liquidity ratios, activity ratios, and profitability ratios

scholarly journals ANALISIS PENGARUH HARGA SAHAM PERDANA TERHADAP ABNORMAL RETURN YANG DITERIMA INVESTOR STUDI PADA BURSA EFEK INDONESIA

2019 ◽  
Author(s):  
Afriyeni Afriyeni ◽  
Doni Marlius
Keyword(s):  
Initial Public Offering ◽  
Abnormal Return ◽  
Sampling Method ◽  
Stock Exchange ◽  
Alternative Hypothesis ◽  
Abnormal Returns ◽  
Sampling Technique ◽  
Real Rate ◽  
Average Abnormal Return ◽  
Public Offering

In this research uses empirical design, the goal is to determine how the effect of the initial public offering of the abnormal return earned by investors on the Stock Exchange went public in the period 2008-2010. This study is a population of all shares of listed companies on the Stock Exchange. The sampling technique used was purposive sampling method based sampling method with a consideration of certain criteria in order to obtain as many as 26 samples. Based on the statistical test results, it can be concluded that the initial public offering and a significant positive effect on abnormal returns earned by investors on the Stock Exchange, which can be seen from the alternative hypothesis is accepted. This means that the average abnormal return earned by investors on the Stock Exchange for the first six weeks of the companies that go public as many as 26 companies will be greater than 0 (zero) or positive. Overall average abnormal return earned by investors is positive, so that the average IPO price of 26 companies that went public in the year 2008 to 2010 is considered low (undervalued) or if the real rate of return higher than the return that expected.

scholarly journals ANALISIS FAKTOR – FAKTOR YANG MEMPENGARUHI INITIAL RETURN SETELAH IPO DI BURSA EFEK INDONESIA PERIODE 2017-2019

2021 ◽  
Vol 6 (1) ◽  
pp. 77-90
Author(s):  
Debi Carolina ◽  
Dwi Desy Miswati
Keyword(s):  
Initial Public Offering ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Financial Leverage ◽  
Factors Affecting ◽  
Financial Firms ◽  
Initial Return ◽  
Public Offering ◽  
The Impact ◽  
A Company

Initial Public Offering is a mechanism in which a company for first time issues new stock and is then offered to the public. The factors affecting the initials return are Return On Asset, Financial Leverage, and Earning Per Share. The problems with this research are (1) What is the development of return on asset, financial leverage, earning per share and initial return on non-financial firms registered in BEI? (2) How does return on asset, financial leverage, and earning per share affect the initials return partially? (3) How does return on asset, financial leverage, and earning per share affect the initials return simultaneously? The purposes of this research are (1) To find out the progression of return on asset, financial leverage, earning per share, and initial return. (2) To know the impact of return on asset, financial leverage, and earning per share toward the initial return partially. (3) To know the impact of return on asset, financial leverage, and earning per share toward the initial return simultaneously. Locus in this research is conducted on a company that did IPO and registered to the Indonesian Stock Exchange in 2017-2019. The number of peoples in this research are 145 companies, and the selection of samples was used by purposive sampling technique to 34 IPO companies listed in the Indonesian Stock Exchange as a research. The method of data analysis used is descriptive and verificative, where it makes classical assumptions and multiple linear regression tests. Simultaneous research reveals that there have been significant effects on initials return. And partial, financial leverage has a positive effect on the initials return. Whereas the return on asset and earning per share have no effect on initials return.

scholarly journals The Influence of Intellectual Capital Disclosure, Economic Value Added Analysis, and Inclusion of Warrants on the Level of Underpricing in Shares

2019 ◽  
Vol 28 (3) ◽  
pp. 1682
Author(s):  
Muhammad Faisal ◽  
Gerianta Wirawan Yasa
Keyword(s):  
Initial Public Offering ◽  
Intellectual Capital ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Sampling Technique ◽  
Economic Value Added ◽  
Ipo Underpricing ◽  
Company Value ◽  
Public Offering

The underpricing phenomenon often occurs when a company conducts an initial public offering or commonly known as IPO (Initial Public Offering). This condition causes stakeholders receive not enough information for assessing the company value. This study aims to analyze the effect of intellectual capital disclosure, economic value added, and inclusion of warrants on the level of underpricing of shares. This research was conducted in all companies that conducted IPOs on the Indonesia Stock Exchange (IDX) in the period 2012-2014. The number of samples taken was 60 companies, with a purposive sampling technique. The data analysis technique used is multiple linear regression. The results of testing the partial test hypotheses found that intellectual capital disclosure variables negatively affect the level of underpricing, while the variables of warrants participation have a positive effect on the level of underpricing. The economic value added variable does not affect the level of underpricing. Keywords : Initial Public Offering (IPO), Underpricing, Economic value added, Warrant.

scholarly journals Fenomena Manajemen Laba dalam IPO (Initial Public Offering); Studi dengan Menggunakan Model Aharony dan Friedlan

2011 ◽  
Vol 1 (2) ◽  
pp. 151
Author(s):  
Lego Waspodo
Keyword(s):  
Initial Public Offering ◽  
Stock Exchange ◽  
Discretionary Accruals ◽  
Income Smoothing ◽  
Jones Model ◽  
Before And After ◽  
One Year ◽  
Public Offering ◽  
Differentiation Test

The research was done on PT Multistrada Arah Sarana, during 2002 to 2007, using modified- Jones Model. The research used two means differentiation tests. Based on the result of two means differentiation test, it can be said that there was no income increasing discretionary accruals one year before initial public offering (on 2004). Issuers also did not do income-decreasing discretionary accruals on one year after initial public offering and two years after initial public offering. Hipotesis 1 and hipotesis 2 a and 2 b were refused, or can not be accepted. So, it can be concluded that PT Multisrada Arah Sarana did not do income smoothing before and after initial public offering on Indonesia Stock Exchange. Keywords: income smoothing, income increasing discretionary accruals, income decreasing discretionary accruals, initial public offering.

scholarly journals Financial and Non-Financial Information Influencing Initial Return of IPOs on the Indonesia Stock Exchange

2020 ◽  
Vol 9 (2) ◽  
pp. 187-199
Author(s):  
Kharisma Zuliardi ◽  
Rini Setyo Witiastuti
Keyword(s):  
Initial Public Offering ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Secondary Market ◽  
Financial Factors ◽  
Significant Negative Effect ◽  
Initial Return ◽  
Negative Effect ◽  
Public Offering

This study aims to determine the effect of financial factors (Return on Assets, Current ratio, Debt to Equity Ratio) and non-financial factors (company age and percentage of stock offer) listed in the company’s prospectus against the level of Initial Return of shares. This type of research is quantitative research, the population in this study is a company that experienced a positive initial return on the first day on the secondary market that conducted an Initial Public Offering (IPO) on the Indonesia Stock Exchange in 2013-2018 with a total of 150 issuers, while the sample amounted to 122 issuers using the sampling technique that is purposive sampling method. The analytical method used is multiple linear analysis methods using eviews9. The results of the study indicate that the independent variables namely ROA, CR, DER, AGE, and PPS affect the dependent variable initial return. Only the variable ROA and company age that affects the level of initial stock return. ROA has a significant negative effect on initial return, Company Age has a significant negative effect on initial return. While CR, DER, and Percentage of stock offerings do not affect the stock initial return. For further research, it is better to add other variables, namely market ratios and company size that have not been used in this study.

scholarly journals January Effect on Stock in Jakarta Islamic Index (JII)

2018 ◽  
Vol 9 (12) ◽  
pp. 21155-21161
Author(s):  
Nuni Diyah Ansori ◽  
Ni Luh Putu Wiagustini
Keyword(s):  
Stock Exchange ◽  
Abnormal Returns ◽  
Analytical Techniques ◽  
Sampling Technique ◽  
January Effect ◽  
Test Results ◽  
Before And After ◽  
Publication Period ◽  
Research Period ◽  
Observation Period

January is the month in which investors expect to get an abnormal return because companies start new activities in another year, the company's reaction can create a reaction to the price of its shares. At the beginning of the year or in January investors are hoping to get a higher return. The purpose of this study was to determine the differences in abnormal returns before and after January in the Jakarta Islamic Index (JII) in the Indonesian Stock Exchange from 20 13 to 201 7. Samples were determined by purposive sampling technique, with criteria: (1) The company always active during the JII publication period, namely from January 2013 to December 201 7, because if the data is not available then the results will be biased; (2) Companies that belong to the JII group from 2013 to 2017, which are always included in the consecutive research period; and (3) Having complete transaction data during the observation period is in accordance with the research variable. Based on these criteria, 14 samples were obtained. This study included an event study with a 5-year observation period. Testing the research hypothesis using analytical techniques Different tests (t-test). The test results showed that there were no differences in abnormal returns before and after January in the Jakarta Islamic Index (JII) on the Indonesia Stock Exchange, in other words the January effect was not proven in this study.

Analisis Kinerja Keuangan Digital Startups Sebelum dan Sesudah Initial Public Offering di Bursa Efek Indonesia pada Tahun 2017 dan 2018

2021 ◽  
Vol 4 (1) ◽  
pp. 1-13
Author(s):  
Rafa Dwisono ◽  
Nenden Kostini ◽  
Mas Rasmini
Keyword(s):  
Data Analysis ◽  
Financial Performance ◽  
Initial Public Offering ◽  
Stock Exchange ◽  
Sign Test ◽  
Paired Sample ◽  
Significant Difference ◽  
Before And After ◽  
Insignificant Difference ◽  
Public Offering

The objective of this research is to analyze the differences of financial performance before and after Initial Public Offering digital startups which are listed in Indonesian Stock Exchange in 2017 and 2018. The sample of this research is all of digital startups which are listed in Indonesian Stock Exchange in 2017 and 2018. The sample is 5 digital startups. This research used Paired Sample t-test and Wilcoxon Sign test as the data analysis. The finding indicated financial performance which calculated by debt to asset ratio was significant difference on digital startups between before and after Initial Public Offering. The result of this research indicated that the financial performance of digital startups before and after Initial Public Offering had an insignificant difference. The financial performance of digital startups increased after Initial Public Offering.

scholarly journals PENGARUH REPUTASI UNDERWRITER, UKURAN PERUSAHAAN, DAN RETURN ON EQUITY TERHADAP UNDERPRICING SAAT IPO DI BEI

2019 ◽  
Vol 8 (8) ◽  
pp. 4731
Author(s):  
Anak Agung Gede Jayanarendra ◽  
Ni Luh Putu Wiagustini
Keyword(s):  
Data Analysis ◽  
Linear Regression ◽  
Initial Public Offering ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Company Size ◽  
Return On Equity ◽  
Negative Effect ◽  
Underwriter Reputation ◽  
Public Offering

This study aims to analyze the influence of the factors that influence underpricing on the Initial Public Offering (IPO). The sample of this study amounted to 102 companies that experienced underpricing in 2013-2017 which were listed on the Indonesia Stock Exchange, the sample was conducted based on purposive sampling technique, with the criteria of companies conducting IPOs on the IDX in the period 2013-2017 and experiencing the phenomenon of underpricing. The method of data analysis uses multiple linear regression using the SPSS 20 program. The findings of the study are that company size and return on equity have a significant negative effect on underpricing, while the underwriter's reputation does not affect underpricing. This shows that the higher the size of the company and return on equity, the lower the underpricing of the company. Unlike the reputation of the underwriter who has no influence on underpricing. Keywords: initial public offering, underpricing, underwriter reputation, firm size, return on equity  

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