scholarly journals ANALISIS KINERJA KEUANGAN PERUSAHAAN SEBELUM DAN SESUDAH MELAKUKAN INITIAL PUBLIC OFFERING (IPO)

2019 ◽  
Vol 13 (2) ◽  
pp. 105-122
Author(s):  
Sabda Risky Juliana ◽  
Sumani Sumani
Keyword(s):  
Initial Public Offering ◽  
Descriptive Analysis ◽  
T Test ◽  
Return On Equity ◽  
Paired Sample ◽  
Significant Difference ◽  
Before And After ◽  
Equity Ratio ◽  
Public Offering ◽  
Turn Over

This study aims to determine the differences in corporate financial performance before and after  Initial Public Offering (IPO). Variables in this study using Current Ratio (CR), Total Assets Turn Over (TATO), Debt to Equity Ratio (DER), Return On Equity (ROE). The sample used in this study is a company that IPO in 2013-2014 as many as 37 companies with purposive sampling method. Hypothesis testing method using paired sample t-test (paired sample t-test).Based on the results of descriptive analysis shows the increase of CR means after IPO, while in TATO, DER, ROE decreased. Based on the results of paired sample T-test shows there are significant differences in CR, TATO, ROE after IPO, while DER no significant difference after IPO.

scholarly journals Financial Performance Analysis of SMEs Before and After Initial Public Offering (IPO) on the Indonesia Stock Exchange (IDX)

2018 ◽  
Vol 4 (2) ◽  
pp. 87
Author(s):  
Budi Wahyono
Keyword(s):  
Performance Analysis ◽  
Financial Performance ◽  
Initial Public Offering ◽  
Stock Exchange ◽  
T Test ◽  
Paired Sample ◽  
Significant Difference ◽  
Before And After ◽  
And Performance ◽  
Public Offering

SME funding needs have not been fully met. IPO is one of the efforts that can be done by SMEs to meet these funding needs. However, it is not yet known whether the financial performance of SMEs will increase after conducting an IPO. This study aims to analyze the financial performance of SMEs before and after the IPO. The sample of this study is SMEs that listed on the IDX in 2017, which is as many as five SMEs. SME financial performance is measured through three SME financial ratios, namely liquidity, solvency, and profitability. The paired sample t-test was used to compare the financial performance of SMEs before and after the IPO. The results showed that there is no significant difference in the financial performance of SMEs before and after the IPO. The results of this study provide recommendations for further research related to the valuation and performance of SME IPOs.

scholarly journals ANALISIS PERBEDAAN KINERJA KEUANGAN SEBELUM DAN SESUDAH RIGHT ISSUE (Studi pada Entitas Manufaktur yang Terdaftar di Bursa Efek Indonesia)

2018 ◽  
Vol 6 (1) ◽  
pp. 11
Author(s):  
Syaiful Bahri
Keyword(s):  
T Test ◽  
Profit Margin ◽  
Total Asset ◽  
Debt Ratio ◽  
Current Ratio ◽  
Return On Equity ◽  
Paired Sample ◽  
Net Profit ◽  
Equity Ratio ◽  
Turn Over

Penelitian ini bertujuan untuk mengetahui ada tidaknya perbedaan kinerja keuangan sebelum dan sesudah right issue pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia periode 2011-2015. Right issue adalah penawaran saham tambahan di luar saham awal. Periode pengamatan satu tahun sebelum dan satu tahun setelah right issue. Variabel penelitian adalah kinerja keuangan termasuk current ratio (CR), quick ratio (QR), debt ratio (DR), debt to equity ratio (DER), net profit margin (NPM), return on equity (ROE), return on asset (ROA), dan total asset turn over (TATO). Teknik pengambilan sampel menggunakan metode purposive sampling. Sampel mencakup delapan perusahaan yang melakukan right issue dari 2011-2015. Pengujian hipotesis menggunakan metode tes yang berbeda (paired sample t-test). Hasil analisis menggunakan paired sample t-test menunjukkan tiga perbedaan signifikan, yaitu current ratio (CR), debt to equity ratio (DER), dan total asset turn over (TATO) dengan nilai signifikansi current ratio (CR) sebesar 0,006, nilai untuk signifikansi untuk debt equity ratio (DER) sebesar 0,11, dan total nilai signifikansi untuk total asset turn over (TATO) sebesar 0,000 pada tingkat riil (α) = 0,05. Sementara quick ratio (QR), debt ratio (DR), net profit margin (NPM), return on equity (ROE), dan return on asset (ROA), tidak ada perbedaan yang signifikan sebelum dan sesudah right issue. Untuk peneliti berikutnya, dapat menggunakan objek penelitian yang lebih besar untuk hasil penelitian dapat digeneralisasikan, tambahkan periode pengamatan yang lebih spesifik, dan tambahkan variabel penelitian.

ANALISIS PERBANDINGAN KINERJA KEUANGAN PERUSAHAAN SEBELUM DAN SESUDAH MERGER DAN AKUISISI YANG TERDAFTAR DIBURSA EFEK INDONESIA (STUDI PADA PERUSAHAAN PUBLIK TAHUN 2010-2013)

2019 ◽  
pp. 139-160
Author(s):  
Fitriani F. Silaban ◽  
Evelin R.R. Silalahi
Keyword(s):  
Return On Investment ◽  
T Test ◽  
Return On Assets ◽  
Current Ratio ◽  
Return On Equity ◽  
Paired Sample ◽  
Investment Return ◽  
Net Profit ◽  
Equity Ratio ◽  
Turn Over

Penelitian ini bertujuan untuk mengetahui apakah terdapat perbedaan kinerja keuangan perusahaan yang melakukan merger dan akuisisi 2 tahun sebelum dan 2 tahun sesudah merger dan akuisisipada perusahaan publik yang terdaftar di Bursa efek indonesia tahun 2010-2013.Teknik pengambilan sampel yang digunakan adalah purposive sampling dengan jumlah sampel sebanyak 14 perusahaan. Data diperoleh dari Bursa Efek Indonesia tahun 2010-2013. Teknik analisis data yang digunakan adalah uji beda (uji t) dan pengujian hipotesis menggunakan uji Paired Sample T-test dengan tingkat signifikansi sebesar 5%.Berdasarkan hasil penelitian dan uji Paired Sample T-test menunjukkan bahwa tidak terdapat perbedaan kinerja keuangan perusahaan yang melakukan merger dan akuisisi 2 tahun sebelum dan 2 tahun sesudah merger dan akuisisi yang diukur dengan Net Profit Margin, Return on Investment, Return on Equity,Earning Per Share, Total Asset Turn over, Current Ratio, Debt To Equity Ratio, sedangkan pada Return on Assets terdapat perbedaan yang signifikan terhadap kinerja keuangan pada perusahaan publik yang terdaftar di Bursa Efek Indonesia tahun 2010-2013. Hasil penelitian ini disebabkan karena adanya kemungkinan principal yang mengusulkan merger dan akuisisi dilakukan tanpa melakukan pengendalian terhadap kinerja perusahaan yang akan dimerger dan diakuisisi serta kemungkinan agen juga memanfaatkan keputusan ini untuk kepentingan pribadi yang menjadikan kinerja perusahaan tidak optimal sehingga tujuan merger dan akuisisi yang dibuat perusahaan untuk meningkatkan nilai dan kinerja perusahaan tidak tercapai.

scholarly journals ANALISIS PERBADINGAN KINERJA KEUANGAN DAN ABNORMAL RETURN SEBELUM DAN SESDUAH AKUISISI PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2014

2020 ◽  
Vol 5 (1) ◽  
pp. 59-68
Author(s):  
Ulfa Sakinah ◽  
Adhisyahfitri Evalina Ikhsan
Keyword(s):  
Abnormal Return ◽  
T Test ◽  
Total Asset ◽  
Rank Test ◽  
Current Ratio ◽  
Return On Equity ◽  
Earnings Per Share ◽  
Before And After ◽  
Equity Ratio ◽  
Turn Over

The purpose of this study was to see a comparison of financial performance and abnormal return of companies before and after the acquisition of companies listed on the Stock Exchange in 2014. The number of samples used in this study were 10 companies, with a purposive sampling approach. The analysis technique used was paired sample t test and Wilcoxon signed rank test. The variables used are return on equity, current ratio, debt to equity ratio, total asset turn over, earnings per share, and abnormal return. Testing the hypothesis in this study using the sample t-test and Wilcoxon signed ranks test. The results of this study indicate that there are differences in the ratio of total asset turn over, while the return on equity ratio, current ratio, debt to equity ratio, earnings per share, and abnormal return there are no significant differences between before and after the company makes an acquisition.

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.

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 ANALISIS PERBANDINGAN KINERJA KEUANGAN SEBELUM DAN SESUDAH DIBERLAKUKANNYA TAX AMNESTY PERIODE PERTAMA PADA PERUSAHAAN SUB SEKTOR PROPERTY DAN REAL ESTATE YANG TERDAFTAR DI BEI

2016 ◽  
Vol 4 (1) ◽  
pp. 1-19
Author(s):  
Anding Nugeraha ◽  
I Gde Mandra ◽  
I Nyoman Nugraha Ardana Putra
Keyword(s):  
Real Estate ◽  
T Test ◽  
Current Ratio ◽  
Return On Equity ◽  
Paired Sample ◽  
Purposive Sampling ◽  
Tax Amnesty ◽  
Equity Ratio ◽  
Turn Over

ABSTRAK Penelitian ini bertujuan untuk (1) mengetahui kinerja keuangan sebelum dan sesudah tax amnesty periode pertama bila diukur dengan rasio keuangan berdasarkan angka standar industri pada perusahaan  property dan real estate yang terdaftar di BEI, (2) menganalisis perbedaan kinerja keuangan sebelum dan sesudah diberlakukannya tax amnesty periode pertama pada perusahaan property dan real estate yang terdaftar di BEI. Populasi dalam penelitian ini adalah perusahaan sub sektor property dan real estate. Pengambilan sampel dilakukan dengan teknik purposive sampling  dan diperoleh sebanyak 43 perusahaan sampel. Data yang digunakan adalah data sekunder berupa laporan keuangan triwulan II dan triwulan III tahun 2016 yang dipublikasikan melalui website www.idx.co.id dan www.sahamok.com. Pengujian hipotesis dilakukan dengan uji paired sample t-test. Hasil penelitian menunjukan bahwa kinerja keuangan sebelum dan sesudah tax amnesty periode pertama pada perusahaan property dan real estate yang diukur dengan rasio keuangannya yakni Current Ratio dan Debt to Equity Ratio tidak lebih baik dari standar industri, sedangkan Total Assets Turn Over dan Return On Equity lebih baik dari standar industri,  terdapat perbedaan yang signifikan CR, TATO dan ROE antara sebelum dan sesudah diberlakukannya tax amnesty periode pertama, tidak terdapat perbedaan yang signifikan DER antara sebelum dan sesudah diberlakukannya tax amnesty periode pertama.Kata kunci      : Tax Amnesty, Current Ratio, Debt To Equity Ratio, Total Assets Turn Over, Return On Equity.

scholarly journals ANALISIS PERBANDINGAN KINERJA KEUANGAN SEBELUM DAN SESUDAH DIBERLAKUKANNYA TAX AMNESTY PERIODE PERTAMA PADA PERUSAHAAN SUB SEKTOR PROPERTY DAN REAL ESTATE YANG TERDAFTAR DI BEI

2016 ◽  
Vol 4 (1) ◽  
pp. 1-20
Author(s):  
Anding Nugeraha ◽  
I Gde Mandra ◽  
I Nyoman Nugraha Ardana Putra
Keyword(s):  
Real Estate ◽  
T Test ◽  
Current Ratio ◽  
Return On Equity ◽  
Paired Sample ◽  
Purposive Sampling ◽  
Tax Amnesty ◽  
Equity Ratio ◽  
Turn Over

ABSTRAK Penelitian ini bertujuan untuk (1) mengetahui kinerja keuangan sebelum dan sesudah tax amnesty periode pertama bila diukur dengan rasio keuangan berdasarkan angka standar industri pada perusahaan  property dan real estate yang terdaftar di BEI, (2) menganalisis perbedaan kinerja keuangan sebelum dan sesudah diberlakukannya tax amnesty periode pertama pada perusahaan property dan real estate yang terdaftar di BEI. Populasi dalam penelitian ini adalah perusahaan sub sektor property dan real estate. Pengambilan sampel dilakukan dengan teknik purposive sampling  dan diperoleh sebanyak 43 perusahaan sampel. Data yang digunakan adalah data sekunder berupa laporan keuangan triwulan II dan triwulan III tahun 2016 yang dipublikasikan melalui website www.idx.co.id dan www.sahamok.com. Pengujian hipotesis dilakukan dengan uji paired sample t-test. Hasil penelitian menunjukan bahwa kinerja keuangan sebelum dan sesudah tax amnesty periode pertama pada perusahaan property dan real estate yang diukur dengan rasio keuangannya yakni Current Ratio dan Debt to Equity Ratio tidak lebih baik dari standar industri, sedangkan Total Assets Turn Over dan Return On Equity lebih baik dari standar industri,  terdapat perbedaan yang signifikan CR, TATO dan ROE antara sebelum dan sesudah diberlakukannya tax amnesty periode pertama, tidak terdapat perbedaan yang signifikan DER antara sebelum dan sesudah diberlakukannya tax amnesty periode pertama.Kata kunci      : Tax Amnesty, Current Ratio, Debt To Equity Ratio, Total Assets Turn Over, Return On Equity.

scholarly journals The Announcement of Sharia Bank’s Conditional Merger Agreement. How Investor Reacted?

2021 ◽  
Vol 2 (2) ◽  
pp. 136-146
Author(s):  
Syamsuddin Syamsuddin ◽  
Versiandika Yudha Pratama
Keyword(s):  
Event Study ◽  
Stock Price ◽  
Abnormal Return ◽  
Secondary Data ◽  
T Test ◽  
Event Window ◽  
Paired Sample ◽  
Average Abnormal Return ◽  
Significant Difference ◽  
Before And After

This study aims to determine there is a difference in average abnormal return of BRI Syariah before and after the signing of the Conditional Merger Agreement (CMA), which is on October 12th, 2020. This research used event study for method and the data in this study are secondary data in the form of stock price data of BRI Syariah. The event window in this study for 11 (eleven) working days which is 5 (five) days before the event, 1 (one) day when the event occurs and 5 (five) days after the signing of the Conditional Merger Agreement (CMA) BUMN sharia bank. Meanwhile, the estimated period is set for 120 exchange days, namely at t-125 to t-6. Test conducted by paired sample t-test. The results of the paired sample t-test showed that there is no significant difference between the average abnormal return of BRI Syariah shares before and after the signing of the Conditional Merger Agreement. It can be concluded that neither the market nor investors reacted to the signing of the Conditional Merger Agreement (CMA) that occurred at BRI Syariah Bank.

scholarly journals Recycling Waste of Rice Husk to Improve Entrepreneurship Motivation

2016 ◽  
Vol 5 (1) ◽  
pp. 75
Author(s):  
Fatwa Tentama ◽  
Surahma Asti Mulasari ◽  
Muchsin Maulana ◽  
Rini Anggraeni
Keyword(s):  
Rice Husk ◽  
T Test ◽  
Control Group ◽  
Control Groups ◽  
Control Group Design ◽  
Paired Sample ◽  
Growing Medium ◽  
Significant Difference ◽  
Before And After ◽  
And Control

The farmers in Indonesia have not maximally taken advantage of the existence of rice husk; therefore the huge number of the husk becomes disturbing waste, which spoils environment. The waste of rice husk is potentially capable of improving the farmers’ economy amidst the people’s lack of knowledge about its potential to commercially produce charcoal briquettes from it, make it a plant growing medium, and change it into manure. This research aims at knowing if the training of recycling waste of rice husk can improve the farmers’ entrepreneurship motivation. The subjects of the research were farmers in groups at Bimomartani village, Ngemplak district, Sleman regency. They were 60 participants divided into experintal and control groups. The planned experiment used <em>untreated control group design with dependent pretest and posttest samples.</em> The <em>paired sample t-test</em> and <em>independent sample t-test</em> were used as the techniques of analysis in this research. The result of t-test on <em>paired sample t-test</em> for the experimental group resulted in the value of t = -6.659 with p = 0.000 (p&lt;0.01), which means there was a significant difference of entrepreneurship motivation before and after the training of recycling rice husk. The analysis for <em>Independent sample t-test</em> resulted in the value of t = 7.411 with p = 0.000 (p&lt;0.01), which means there was a significant difference of entrepreneurship motivation between experimental and control groups. It can be concluded that the training of recycling waste of rice husk was effective in improving the farmers’ entrepreneurship motivation.

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