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 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 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 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 FINANCIAL PERFORMANCE ANALYSIS SURROUNDING INDONESIAN INITIAL PUBLIC OFFERINGS

2020 ◽  
Vol 7 (11) ◽  
pp. 15-22
Keyword(s):  
Performance Analysis ◽  
Financial Performance ◽  
Initial Public Offerings ◽  
Initial Public Offering ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Secondary Data ◽  
Return On Equity ◽  
Public Offerings ◽  
Public Offering

One of the ways to find out the performance of company making Initial Public Offering (IPO) is through the financial performance analysis. The analysis would help investors prior to deciding to buy the stocks of the company. Financial ratios are a common tool used in making financial statement analysis. This study aims to analyze whether the companies’ financial performance improves after the IPO. This research is quantitative research using secondary data. The sample consists of 59 companies’ making IPOs on the Indonesia Stock Exchange from 2010 to 2014. Results indicate that only Current Ratio increases significantly over three years after the IPO. The other ratios, i.e., Debt to Asset Ratio, Debt to Equity Ratio, Total Asset Turnover, Net Profit Margin and Return on Equity decrease. Overall, the financial performance of the companies tends to worsen, except for liquidity ratio.

scholarly journals EFEK PERISTIWA POLITIK TERHADAP ABNORMAL RETURN DAN TRADING VOLUME ACTIVITY PADASAHAM LQ-45

2020 ◽  
Vol 1 (1) ◽  
pp. 30-41
Author(s):  
Peti Mei Andari ◽  
Nedi Hendri ◽  
Jawoto Nusantoro Nusantoro
Keyword(s):  
Initial Public Offering ◽  
Trading Volume ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Market Timing ◽  
Linear Regression Analysis ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Volume Activity ◽  
Public Offering

ABSTRACT This study aims to verify whether the percentage of stock offerings, company age, and market timing affect the underpricing of companies that make Initial Public Offering (IPO)during 2014-2017. This research is a type of quantitative research and the data analysismethod used is multiple linear regression analysis. The sampling technique used in this studywas a purposive sampling technique with certain criteria, so that 76 sample companies wereobtained. Based on the results of data analysis that has been done, it is found that the percentage variable share offering has a significant effect on the level of underpricing, while the agevariable of the company has no significant effect on the level of underpricing. In addition, itwas found that the market timing variable had a significant effect on the level of underpricingand simultaneously the percentage of shares offering, company age, and market timing had asignificant effect on the level of underpricing of companies that conducted Initial PublicOffering (IPO) on the Indonesia Stock Exchange.

Pengaruh Kinerja Keuangan Dan Corporate Social Responsibility (CSR) Terhadap Nilai Perusahaan Perbankan Di Bursa Efek Indonesia

2018 ◽  
Vol 26 (1) ◽  
pp. 95-111
Author(s):  
Sulastiningsih Sulastiningsih ◽  
Rizka Imanita Sholihati
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Firm Value ◽  
Research Method ◽  
Quantitative Research ◽  
Annual Report ◽  
Stock Exchange ◽  
Secondary Data ◽  
Corporate Social

This study aims to determine whether the financial performance measured by using CAR, ROA, LDR, BOPO, and CSR can affect the value of banking companies as measured by using PBV. This study uses secondary data taken from the annual report of banking companies during the year 2012-2016 listed on the Indonesia Stock Exchange. The number of samples of this study as many as 25 banking companies with a total of 125 data. This research method is quantitative research. The results of this study indicate the effect of CAR, ROA, LDR, BOPO, and CSR variables on firm value measured by using PBV in a banking company listed on the Indonesia Stock Exchange. Keywords: CAR, ROA, LDR, BOPO, CSR, PBV

scholarly journals Initial Public Offering (IPO) as a Potential Source of Capital for the Development of the Wood-based Industry Enterprises in Poland

2019 ◽  
Vol 1 (1) ◽  
pp. 117-123
Author(s):  
Leszek Wanat ◽  
Łukasz Sarniak ◽  
Elżbieta Mikołajczak
Keyword(s):  
Initial Public Offering ◽  
Capital Market ◽  
Stock Exchange ◽  
Descriptive Analysis ◽  
Green Economy ◽  
Development Level ◽  
Warsaw Stock Exchange ◽  
Order Preference ◽  
Public Offering ◽  
The Capital Market

Abstract The quest for new sources of financing for the development of green economy sectors and enterprises is one of the challenges to effective management. This study verifies whether a relationship exists between the activity of selected companies who access the capital market in search for new financing sources, their development level and their competitive edge. The sample used in this study was composed of companies from the forestry and wood-based sector (a major part of the Polish economy) listed on the Warsaw Stock Exchange. The Technique for Order Preference by Similarity to an Ideal Solution (TOPSIS) was used to assess the development level of selected enterprises. The main recommendations were formulated based on the findings from the analysis of performance ratios and from the comparative and descriptive analysis of data on stock exchange transactions in the wood-based sector. This is because the assumption was made that by becoming more active in the capital market and, as a consequence, by strengthening their competitive position, the enterprises covered by this study may contribute to adding value in the circular economy.

scholarly journals PENGARUH STRATEGI DIVERSIFIKASI DAN KEPEMILIKAN MANAJERIAL TERHADAP KINERJA KEUANGAN

2021 ◽  
Vol 20 (1) ◽  
pp. 116-127
Author(s):  
Violetta Bella D. Glasius ◽  
Marini Purwanto
Keyword(s):  
Financial Performance ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Managerial Ownership ◽  
Manufacturing Companies ◽  
Diversification Strategy ◽  
Diversification Strategies

The emergence of the Asean Economic Community (AEC) has an impact on the wider openness of trade between countries so that competition between companies increases. Companies are looking for ways to improve its financial performance so that it can compete among the other competitors. Diversification strategies and managerial ownership can be applied by companies in improving the company's financial performance. Diversification strategy is a strategy that can be used to develop a business, expand market share, and increase competitiveness. Managerial ownership can be used to motivate managerial performance in improving financial performance. This study aims to analyze the effect of diversification strategies and managerial ownership on financial performance. The object this research is using manufacturing companies listed in Indonesia Stock Exchange (IDX) in 2016-2019. This research is a quantitative research with hypothesis testing. The sample used this study were 103 manufacturing companies selected using purposive sampling technique and using multiple linear regression analysis techniques. The results of this study prove that diversification strategy and managerial ownership has no effect on financial performance. The contribution of this research is as additional information regarding the effect of diversification strategies and managerial ownership on financial performance. Limitations of this study is the researchers only collected samples from the official website of the IDX and only use the research object manufacturing company. It is expected that further research can collect data not only on the IDX website but from the company's website and further research is expected to develop a research object.

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.

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