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

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.

THE IMPACT OF FOREIGN DIRECT INVESTMENT ON ECONOMIC GROWTH (A CAUSAL STUDY IN THE UNITED STATES)

<p>International investment is strategic step for country due to lack of capital and technology transfer and it is generally well known as Foreign Direct Investment (FDI). Many policy makers and academics contend that FDI can have important positive effects on a host country’s development effort. This research examines the impact of Foreign Direct Investment on Economic Growth in the United States by multiple linear regression model and its estimation using ordinary least squares (OLS). This research classifies all the sectors to be 10 sectors. This research uses data for the period 2000 –2017 and suggests that not all forms of foreign investment seem to be beneficial to host economies. Some sectors provide positive correlation to economic growth and some provides negative effect. Nevertheless, it is significant yet, this is because there is different characteristic between developed and developing countries. Economic growth in the U.S is mostly driven by personal consumption.</p>

DEVELOPING WEB-BASED TUTORIAL VIDEO LEARNING MEDIA TO IMPROVE STUDENTS ONLINE MARKETING LEARNING OUTCOME AT SMK NEGERI SUKOHARJO

<p>The aim of this research is to develop learning media using Online Marketing Video Learning Information System technology which can be accessed online, and improve the learning outcomes in Online Marketing learning at Vocational High School in Sukoharjo. The method used in this research is Research and Development methods that apply the media to students in grade X of Marketing Vocational High School, Sukoharjo especially in online marketing program. The research was examined by procedure steps of preliminary research, development and testing steps. The steps of video development cover collecting material, making storyboard, surveying, producing media, and applying media. The information system development steps involve Communication, Planning, Modelling, Construction and Deployment. Data analysis techniques applied in this research is a simple descriptive analysis. The research compares between the Pre test and Post test result to find out the result of study. This research was expected to increase the result of study in Online Marketings learning.</p>