THE COMPARATIVE ANALYSIS OF FINANCIAL PERFORMANCE BEFORE (2008-2010) AND AFTER (2012-2014) IPO (CASE STUDY: FIVE LISTED COMPANIES IN IDX)
ABSTRACT: In IDX (Indonesian
Stock Exchange) there are some stock listed. The listed company in IDX means
that the company is published their prospectus and fund fact share to public,
or it called Go Public Company. The purpose of the research is to analyze the
significant financial performance before and after IPO. These are as variables
on this research. The type of analysis used is dependent Normality Test and
paired sample T-Test which enables the researcher to compare the financial
performance before and after IPO. The finding there is significant difference
between before and after IPO on five listed companies in IDX, it is calculated
by T-Count and T-Table. The T-Count ROA is 3.116 is bigger than T-Table,
T-Count ROE is 2.648 is bigger than T-Table, T-Count Profit Margin is 2.182 is
bigger than T-Table, means that the different is significant between before and
after IPO. The company better to maintain and to improve its financial
performance due to management's decision to go public is the first step to give
the company's financial progress.
Author: Novita Maria Lengkong,
Maria V. J. Tielung
Journal Code: jpmanajemengg150104
