scholarly journals ANALYSIS OF FINANCIAL PERFORMANCE ISO 9000 CERTIFIED COMPANY (Empirical Study on the Manufacturing Companies Listed on the Stock Exchange)

2016 ◽  
Vol 11 (1) ◽  
pp. 13
Author(s):  
Rini Oktaviana Sari
Keyword(s):  
Quantitative Methods ◽  
Stock Exchange ◽  
Descriptive Analysis ◽  
Iso 9000 ◽  
Rank Test ◽  
Manufacturing Companies ◽  
Financial Ratio ◽  
Market Growth ◽  
Before And After ◽  
Signed Rank Test

<p>Business competition in the era of globalization requires businesses to be more creative to produce a quality product to compete in the market International. ISO 9000 certification has been accepted as a reference for quality management and quality assurance. The purpose of this study was to determine differences in the performance of financial companies that have certified ISO 9000 as measured by levels of profitabiltas (ROCE, ROI, ROE), market growth (sales growth and growth equity) and management of liabilities (DTA and DER). This research method uses quantitative methods of research methods based on analysis of variables that can be explained quantitatively by using a formula that is by Financial Ratio Analysis.SimakBaca secara fonetik Technical analysis<br />of the data in this research are descriptive analysis and statistics analysis. Statistical analysis to test data normality, if the normal data, using Paired Sample T-test and if the data is not normal, using the Wilcoxon Signed-rank Test. The conclusion from this research indicate that there is no difference whether the level of profitability, market growth and management of liabilities in the period before and after the certification of ISO 9000. No difference was attributable to that ISO certification is only for administrative completeness in order to obtain the logo of the certification institution, so as to indicate to consumers that its product quality.</p>

PERBEDAAN FINANCIAL PERFORMANCE PASCA SECONDARY OFFERINGS

Wahana ◽  
2019 ◽  
Vol 22 (1) ◽  
pp. 41-49
Author(s):  
Djaja Perdana ◽  
Herbowo Herbowo
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Hypothesis Test ◽  
Poor Performance ◽  
Rank Test ◽  
Growth Ratio ◽  
Significant Difference ◽  
Before And After ◽  
Signed Rank Test ◽  
Asset Turnover

This study aims to examine the differences in corporate financial performance before and after secondary offerings. The financial performance is proxied by WCR, DER, Solvency, ROA, ROE, Asset Turnover (ATO) and Growth ratio which representing the value of liquidity, financing, activity, performance and growth of the firm. The study involved 67 samples of the companies listed on the Indonesia Stock Exchange conducting secondary offerings during 2008-2013 period and selected through purposive random sampling method and using Financial Statement data from 2005-2016 period. Hypothesis test is performed using Wilcoxon Signed Rank test. The results of this study indicate that there is no significant difference in the ratio of Solvency, ROA and ROE between before and after secondary offerings, but there are significant differences in the ratio of WCR, DER, Asset Turnover and Growth. WCR ratio after secondary offerings increased, while DER ratio after secondary offerings decreased, the condition of both ratios showed better performance. While the indication of poor performance seen in decreasing asset turnover ratio and growth ratio.Keywords : agency theory, financial performance, secondary offerings

scholarly journals MARKET REACTION ON THE ANNOUNCEMENT OF SRI KEHATI INDEX IN INDONESIAN STOCK EXCHANGE

2019 ◽  
Author(s):  
Anggita Langgeng Wijaya ◽  
Mia Noviyanti ◽  
Probo Mahayu
Keyword(s):  
Trading Volume ◽  
Market Reaction ◽  
Stock Exchange ◽  
Abnormal Returns ◽  
Rank Test ◽  
Stock Trading ◽  
Population Sampling ◽  
Signed Rank ◽  
Before And After ◽  
Signed Rank Test

The purpose of this study was to test the market reaction to the announcement of the Sri Kehati Index on the Indonesia Stock Exchange. The population in this study is all companies included in the Sri Kehati Index from 2013 to 2016. The selection of samples was taken by the population sampling method. Hypothesis testing is done by paired t test and Wilcoxon Signed Rank Test. The findings of this research are: 1) there is no difference in abnormal returns before and after the announcement of the Sri Kehati Index on the Indonesia Stock Exchange. 2) There is a difference in the activity of stock trading volume before and after the announcement of the Sri Kehati index in the 5th and 6th periods, but there is no difference in the activity of stock trading volume in other periods. The Indonesia Stock Exchange did not react consistently to the announcement of the Sri Kehati Index.

scholarly journals PENGARUH KRISIS MONETER PADA KINERJA KEUANGAN DAN NILAIPERUSAHAAN

2009 ◽  
Vol 9 (1) ◽  
pp. 34
Author(s):  
Nelli Novyarni
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Tobin’S Q ◽  
Corporate Value ◽  
Manufacturing Companies ◽  
Tobin's Q ◽  
Financial Ratio ◽  
Before And After ◽  
Equity Ratio ◽  
Monetary Crisis

<p><em>This study was aimed analyzing the monetary crisis on financial performance </em><em>and corporation value effect.This study found that the monetary crisis affect </em><em>on financial performance and corporation value. The study on 50 </em><em>manufacturing companies consist of 25 companies variety business and </em><em>industry and pharmacist notes at Jakarta Stock Exchange from 1992 to 2002 </em><em>revealed that the monetary crisis cause decrease in financial performance and </em><em>corporate value. Based on before and after mean financial and Tobin 's Q ratio, </em><em>it found that the monetary crisis cause decrease in financial performance </em><em>especially in 1998 and corporation value from 1998 to 2002. This study also </em><em>found that based on each sector, the monetary crisis affect all financial ratio at </em><em>sector one, especially in 1998 and 2000 and the monetary crisis just affect debt to equity ratio from to 2002 at sector two. Beside <strong>that the </strong>monetary crisis affect </em><em>corporation value of all sectors.</em></p><p><strong><em>Keywords:  </em></strong><em>Monetary crisis; financial ratio;   Tobin's  Q;  Financial Performance; Value of the firm.</em></p>

scholarly journals Analisis Pengaruh Stock Split Terhadap Volume Perdagangan, Harga Saham, dan Abnormal Return pada Perusahaan yang Terdaftar di BEI Periode 2017 - 2018

2020 ◽  
Vol 4 (1) ◽  
pp. 84
Author(s):  
Agus Amanda Tanoyo
Keyword(s):  
Stock Prices ◽  
Trading Volume ◽  
Stock Exchange ◽  
Abnormal Returns ◽  
Rank Test ◽  
Volume Activity ◽  
Stock Split ◽  
Before And After ◽  
Signed Rank Test ◽  
The Difference

This study aims to determine the difference in the trading volume activity, stock prices and abnormal returns before and after the announcement of a stock split. The population of this study are all companies listed in Indonesia Stock Exchange that take corporate action in the form of stock split at period 2017-2018. Sampling using purposive sampling. Based on the sampling criteria predetermined number of samples acquired 24 stocks. The analytical method used is the analysis Wilcoxon Signed Rank Test with the observation period (event window) is 14 days. The results showed that there were differences in the trading volume activity and stock prices before and after the announcement of stock split, while the last hypothesis showed that there were no differences in abnormal returns before and after the announcement of stock split.

scholarly journals ANALISIS HARGA SAHAM, LIKUIDITAS SAHAM, EARNING PER SHARE, DAN PRICE EARNINGS RATIO ANTARA SEBELUM DAN SETELAH STOCK SPLIT

2014 ◽  
Vol 1 (2) ◽  
pp. 33
Author(s):  
Mazra Iffah Labibah ◽  
Susi Dwimulyani
Keyword(s):  
Significant Influence ◽  
Stock Price ◽  
Stock Exchange ◽  
Rank Test ◽  
Stock Liquidity ◽  
Signed Rank ◽  
Stock Split ◽  
Before And After ◽  
Price Earnings Ratio ◽  
Signed Rank Test

<p><em>The purpose of this study analysis the influence of stock price, stock liquidity, EPS growth, and price earnings ratio on the stock split. This research also analysis whether there are any difference in stock price, stock liquidity, EPS growth, and price earnings ratio before and after the company decided to executed a stock split.The samples of this research are companies that listed in Indonesia Stock Exchange (IDX) in the 20082013 period and conduct a stock split. Based on samples criteria which have been determined, there are 89 companies which qualified to be used as samples. This research used Wilcoxon Signed Rank Test and Logistic Regression for hypothesis testing. The results of this research show that there are no significant differences in stock price, stock liquidity, EPS growth, and price earnings ratiobetween before and after stock split. This study also indicates that stock price and stock liquidity have significant influence towards stock split decision while EPS growth and price earnings ratio don’t have any significant influence towards stock split decision.</em></p>

scholarly journals REAKSI INVESTOR DALAM PASAR MODAL TERHADAP UNDANG-UNDANG TAX AMNESTY (EVENT STUDY PADA PERUSAHAAN YANG TERDAFTAR DALAM IDX 30 DI BURSA EFEK INDONESIA)

2019 ◽  
Vol 2 (1) ◽  
Author(s):  
Nida Nur Hidayah ◽  
Budi Susetyo ◽  
Yanti Puji Astutie
Keyword(s):  
Abnormal Return ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Secondary Data ◽  
Rank Test ◽  
Trade Volume ◽  
Tax Amnesty ◽  
Signed Rank ◽  
Before And After ◽  
Signed Rank Test

This research is aimed to know the differences of abnormal return, stock trade volume, and stock trade frequency in before and after the existance of Tax Amnesty Laws. Kind of this research was quantitative research by using secondary data that was gained from company's annual report. Population used in this research was enrolled companies in IDX 30 in Indonesia Stock Exchange that the total was 30 companies. In sample taking technique, the reseacher used purposive sampling with enrolled companies' criterias in IDX 30 periodes March 2017 - April 2017. Tecnique of analyzing data that was used is Wilcoxon Signed Rank Test. The result of this research shows that there are no differences of abnormal return in before and after the existance of Tax Amnesty Laws with score Asymp.Sig 2 Tailed 0,398. In hypothesis 2, there are the differences of stock trade volume in before and after the existance of Tax Amnesty Laws with score Asymp.Sig 2 Tailed 0,000. Then in hypothesis 2, there are the differences of stock trade frequency in before and after the existance of Tax Amnesty Laws with score Asymp.Sig 2 Tailed 0,000.  Keywords: abnormal return, stock trade volume, stock trade frequency, and Tax Amnesty.

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.

PERBEDAAN FINANCIAL PERFORMANCE PASCA SECONDARY OFFERINGS

Wahana ◽  
2019 ◽  
Vol 22 (1) ◽  
pp. 41-49
Author(s):  
Djaja Perdana ◽  
Herbowo Herbowo
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Hypothesis Test ◽  
Poor Performance ◽  
Rank Test ◽  
Growth Ratio ◽  
Significant Difference ◽  
Before And After ◽  
Signed Rank Test ◽  
Asset Turnover

This study aims to examine the differences in corporate financial performance before and after secondary offerings. The financial performance is proxied by WCR, DER, Solvency, ROA, ROE, Asset Turnover (ATO) and Growth ratio which representing the value of liquidity, financing, activity, performance and growth of the firm. The study involved 67 samples of the companies listed on the Indonesia Stock Exchange conducting secondary offerings during 2008-2013 period and selected through purposive random sampling method and using Financial Statement data from 2005-2016 period. Hypothesis test is performed using Wilcoxon Signed Rank test. The results of this study indicate that there is no significant difference in the ratio of Solvency, ROA and ROE between before and after secondary offerings, but there are significant differences in the ratio of WCR, DER, Asset Turnover and Growth. WCR ratio after secondary offerings increased, while DER ratio after secondary offerings decreased, the condition of both ratios showed better performance. While the indication of poor performance seen in decreasing asset turnover ratio and growth ratio.Keywords : agency theory, financial performance, secondary offerings

scholarly journals Analisis Perbandingan Abnormal Return Dan Likuiditas Saham Sebelum Dan Sesudah Stock Split Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia Periode 2010-2015

2019 ◽  
Vol 2 (1) ◽  
Author(s):  
Cindy Hadiwijaya Dan Indra Widjaja
Keyword(s):  
Abnormal Return ◽  
Sampling Method ◽  
Stock Exchange ◽  
Rank Test ◽  
Signed Rank ◽  
Significant Difference ◽  
Stock Split ◽  
Before And After ◽  
Signed Rank Test ◽  
Observation Period

This research aims to find out whether there is a significant difference in abnormal return and liquidity of shares before and after stock split for companies listed in Indonesian Stock Exchange during 2010-2015. 46 samples were obtained using purposive sampling method. The observation period is 10 days before and after stock split announcement. Hypothesis was tested by using Wilcoxon Signed Rank Test with significant level of 0.05. The result of this research shows that there is a significant difference in abnormal return before and after stock split, while there is no significant difference of share’s liquidity before and after stock split.

scholarly journals The impact of demonetization on Indian firms’ performance: does company’s age make a difference?

2018 ◽  
Vol 15 (3) ◽  
pp. 71-82
Author(s):  
Waleed M. Al-ahdal ◽  
Najib H.S. Farhan ◽  
Mosab I. Tabash ◽  
T. Prusty
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Nonparametric Test ◽  
Rank Test ◽  
Significant Difference ◽  
Before And After ◽  
Signed Rank Test ◽  
Financial Consultants ◽  
Level Of Significance ◽  
The Impact

The main aim of this paper is to evaluate the impact of demonetization on Indian firm’s quarterly financial performance before and after demonetization period (March-December, 2017), and to find out if companies’ age helps to face financial disruption. Four variables, which are net sales, total income, net profit after tax, and earnings per share, were taken as proxies for analyzing the quarterly financial performance of 2,892 companies listed on Bombay Stock Exchange (BSE), National Stock Exchange (NSE), and Calcutta Stock Exchange (CSE). Nonparametric test, particularly Wilcoxon Matched-Pairs Signed Rank Test and Kruskal-Wallis one-way analysis of variance, were applied in analyzing the data. Results reveal that there is a statistically significant difference between the financial performance before and after demonetization at 5% level of significance. It was also found that the decrease/increase in the financial performance of all the firms was affected by the demonetization process, irrespective of their ages. The findings could be useful for financial managers and financial consultants, as they would be able to focus on the issues that matter most at the time of financial disruption.

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