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

Analisis Kinerja Keuangan Perusahaan Sebelum dan Sesudah Initial Public Offering (IPO)

2020 ◽  
Vol 3 (1) ◽  
pp. 1
Author(s):  
Linda Novita Dewi ◽  
Dicky Jhoansyah ◽  
Kokom Komariah
Keyword(s):  
Financial Performance ◽  
Initial Public Offering ◽  
Research Method ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Descriptive Analysis ◽  
Sampling Technique ◽  
Building Construction ◽  
Construction Sector ◽  
Public Offering

The purpose of this study was to determine whether there was an increase or not on the financial performance of the property, real estate and building construction sector which conducted in IPO 2017 on the Indonesia stock exchange. The research method used in this study is a quantitative research method with a descriptive analysis approach. The sampling technique used was purposive sampling technique with predetermined criteria. Of the 6 issuers conducting IPOs in 2017, there were 4 companies selected as research samples. Data collection techniques in this research is the study of literature and documentation. Data analysis techniques used in this study are horizontal analysis with liquidity ratios, activities, solvency and profitability using the CR, cash ratio, TATO, DER, LTDtER, ROA, and ROE models. The result of this study indicate an increase and decrease in financial performance after the IPO in each sample if measured using CR, cash ratio, TATO, DER LTDtER, ROA and ROE.

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 THE EFFECT OF CAPITAL STRUCTURE ON THE VALUE OF A BUSINESS ENTITY WITH QUADRATIC MODEL TESTING IN PROPEERTY, REAL ESTATE AND BUILDING CONSTRUCTION SECTORS

2015 ◽  
Vol 14 (1) ◽  
Author(s):  
I Putu Suryawan ◽  
Putu Anom Mahadwartha
Keyword(s):  
Real Estate ◽  
Capital Structure ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Building Construction ◽  
Quadratic Model ◽  
Construction Sector ◽  
Quadratic Regression ◽  
Trade Off ◽  
Selection Of

The purpose of this study was to find empirical evidence on the effect of capital structure on the value of a business entity in accordance with the static trade-off theory. This study used a sample of enterprises in the property, real estate and building construction sector that are listed in the Indonesian Stock Exchange during the period of 2009-2012. The selection of the sample in this study using a non-probability sampling technique with the type of purposive judgment sampling. The samples used in this study are 160 during the years of observation. The method of analysis in this study is using quadratic regression. The findings in this study indicate that capital structure significantly influence the value of a business entity in accordance with the static tradeoff theory.

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.

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 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 Pengaruh Profitabilitas dan Leverage Terhadap Nilai Perusahaan dengan Kebijakan Dividen Sebagai Variabel Intervening Pada Perusahaan Sektor Property, Real Estate & Building Construction yang Terdaftar Di Bursa Efek Indonesia Tahun 2015-2019

2021 ◽  
Vol 6 (1) ◽  
pp. 25
Author(s):  
Ria Rahmawati ◽  
Risal Rinofah
Keyword(s):  
Real Estate ◽  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Secondary Data ◽  
Sampling Technique ◽  
Population Data ◽  
Building Construction ◽  
Construction Sector ◽  
Positive Effect

This research is to find out the effect of profitability and leverage on firm value with dividend policy as intervening variable in property, real estate & building construction sector companies listed on the Indonesia Stock Exchange in 2015-2019. This type of research is clausal associative. The population used in this reseach is the property, real estate & building construction sector companies listed on the Indonesia Stock Exchange in 2015-2019. The type of data used in this research is secondary data and data collection uses the documentation method. While the sampling in this study using purposive sampling technique. The population data of the study were 83 companies and obtained sample of 10 companies so that the research data amounted to 50. The analysis technique used multiple linear regression and sobel test. The results showed that profitability had a negative effect on dividend policy, leverage had a positive effect on dividend policy, while profitability, leverage, and dividend policy had a positive effect on firm value. Dividend policy can’t mediated between profitability and leverage on firm value.

ANALISIS KINERJA KEUANGAN PERUSAHAAN PROPERTI YANG TERDAFTAR DI BEI SEBELUM DAN SESUDAH KEBIJAKAN LOAN TO VALUE

2019 ◽  
Vol 4 (1) ◽  
pp. 79-90
Author(s):  
Ghaniy Ridha Prima ◽  
Hermanto Siregar ◽  
Ferry Syarifuddin
Keyword(s):  
Real Estate ◽  
Financial Performance ◽  
Stock Exchange ◽  
Sample Selection ◽  
Test Analysis ◽  
Asset Return ◽  
Return On Equity ◽  
Analysis Technique ◽  
Significant Difference ◽  
Before And After

The purpose of this study is to provide empirical evidence of the effects of the Loan to Value (LTV) policy on the financial performance of property and real estate companies listed on the Indonesia Stock Exchange (IDX). The sample selection uses a purposive sampling method of 42 property and real estate companies that meet the criteria. The research period is divided into 2 namely before the Loan to Value policy (2013-2014) and after the Loan to Value policy (2016-2017) with the Paired Sample t Test analysis technique. The test results show if the current ratio, Return on Asset, Return on Equity and Debt to Asset have significant differences between before and after the LTV policy is applied. While the fast ratio, cash ratio, net profit margin and Debt to Equity did not show a significant difference. Keywords: Financial Performance, Loan to Value, Property and Real Estate, Profitability Ratio, Liquidity Ratio, Solvability Ratio.

scholarly journals PENGARUH GROWTH OPPORTUNITY TERHADAP NILAI PERUSAHAAN MELALUI STRUKTUR MODAL (pada Perusahaan Sektor Property, Real Estate & Building Construction yang Terdaftar di Bursa Efek Indonesia Tahun 2011-2014)

2018 ◽  
Vol 4 (2) ◽  
pp. 15-28
Author(s):  
Nova Adhitya Ananda ◽  
I Nyoman Nugraha Ardana P
Keyword(s):  
Real Estate ◽  
Capital Structure ◽  
Firm Value ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Partial Least Square ◽  
Least Square ◽  
Building Construction ◽  
Construction Company ◽  
Growth Opportunity

ABSTRACT  The purpose of this research is to find the influence of growth opportunity and capital structure on firm value. The research objects used is property, real estate and building construction company which listed in Indonesian Stock Exchange in 2011-2014. This research used a purposive sampling technique in determining the research sample. The number of companies chosen as the sample in 37 company of 54 companies registered in property, real estate and building construction sector. This research was included in the explanatory research using quantitative approach. Data analysis method used in this research is partial least square (PLS) analysis. The result showed that in directly growth opportunity and capital structure has a significant effect on firm value. Growth opportunity undirectly has significant effect on the firm value by means of capital structure. Growth opportunity has a positive and significant effect on capital structure and capital structure has a negative and significant effect on firm value.Keywords : Growth Opportunity, Capital Structure and Firm Value

scholarly journals Dampak Pandemi Covid-19 terhadap Kinerja Keuangan Perusahaan Sektor Jasa di BEI

2021 ◽  
Vol 7 (2) ◽  
pp. 227-233
Author(s):  
Maria J F Esomar ◽  
Restia Christianty
Keyword(s):  
Financial Performance ◽  
Hypothesis Testing ◽  
Sampling Method ◽  
Stock Exchange ◽  
Paired Sample ◽  
Empirical Results ◽  
Significant Difference ◽  
Before And After ◽  
The Impact ◽  
Profitability Ratios

The Covid-19 pandemic has caused many hotels, restaurants and tourism activities to be temporarily closed. It has an impact on the financial performance towards the companies engaged in this sub-sector. The objective of this study is to analyze the impact of Covid 19 towards the financial performance of companies engaged in the sub-sector of hotel, restaurant and tourism. Financial performance is measured using several ratios, namely liquidity ratios, solvability ratios, profitability ratios and market ratio. The ype of research is descriptive quantitave. The population in this study is 35 all companies in the sub-sector of hotel, restaurant and tourism listed on the Indonesia Stock Exchange in 2019-2020 period. Samples are collected from 30 companies using purposive sampling method. Hypothesis testing is conducted using the Paired Sample t-Test. The empirical results show that, in the liquidity ratio, and market ratio there is no significant difference between the periods of before and after the first recorded Covid-19 case in Indonesia. Meanwhile, in the solvability ratio and profitability ratio, there are significant differences between the two periods.

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