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

Authors

  • Muhammad Wildan Yahya Universitas Islam Bandung
  • Lia Dahlia Iryani Universitas Pakuan
  • Retno Martanti Endah Lestari Universitas Pakuan

DOI:

https://doi.org/10.30993/jicab.v1i1.309

Keywords:

financial performance, initial public offering, financial ratio

Abstract

This study aims to analyze (1) the company's financial performance before and after (2) Initial Public Offering (IPO) in companies that conducted an IPO in 2018. The company's financial performance is measured by (3) financial ratios consisting of: Current Ratio (CR) , Debt to Equity Ratio (DER), Total Assets Turnover (TATO), and Return On Euity (ROE). The sample used in this study were 8 companies. The sample was selected using purposive sampling. The type of research used in this research is descriptive with SPSS 25. Data analysis consists of descriptive statistics, normality test using Kolmogrov Smirnov test and hypothesis testing using Paired Sample T-Test. Based on the test using the Paired Sample T-Test, it shows that the company's financial performance after the IPO there is a difference in the salvoability ratio which is proxied by the Debt to Equity Ratio (DER). While the ratios that do not experience any difference are the liquidity ratio proxied by the Current Ratio (CR), the activity ratio as proxied by Total Assets Turnover (TATO) and the profitability ratio as proxied by Return On Equity (ROE).

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Published

2023-09-30

Issue

Vol. 1 No. 1 (2023): JICAB

Section

Articles

License

Copyright (c) 2023 Analysis of Company Financial Performance Before and After Initial Public Offering (IPO) on the Indonesia Stock Exchange © 2023 by Muhammad Wildan Yahya, Lia Dahlia Iryani, Retno Martanti Endah Lestari is licensed under CC BY-NC 4.0

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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Journal of Islamic Contemporary Accounting and Business © 2023 by Tazkia Islamic University College is licensed under CC BY-NC 4.0 

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