Measuring the Financial Performance Prior and After the Initial Public Offering (IPO) of Companies Listed in the Indonesian Stock Exchange (IDX)

DOI

10.2991/aebmr.k.210220.041How to use a DOI?

Keywords

IPO, Financial Performance, IDX

Abstract

IPO or Initial Public Offering is securities offering for the first time to the general public through the capital market. After becoming a public company, the community hopes that there will be an increase in the company’s performance including its financial performance. This study aims to find out how the financial performance of companies listed on the IDX both before and after the IPO. From the data of 37 companies listed on the IDX that conducted an IPO for the 2014-2016 period using the paired t test and the Wilcoxon signed rating test, it was found that simultaneously there are significant differences in all financial performance indicators studied, both before and after the IPO. Whereas partially there are significant differences in Return on Common Equity (ROCE), Return on Net Operating Asset (RNOA), Asset Turnover (ATO), Financial Leverage (FLEV), Current Ratio (CR), Debt to Equity Ratio (DER) and Return on Assets (ROA) before and after the IPO. However, there is no significant difference in Profit Margin (PM) and Net Borrowing Cost (NBC).

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Dudi Rudianto
PY  - 2021
DA  - 2021/02/22
TI  - Measuring the Financial Performance Prior and After the Initial Public Offering (IPO) of Companies Listed in the Indonesian Stock Exchange (IDX)
BT  - Proceedings of the International Conference on Strategic Issues of Economics, Business and, Education (ICoSIEBE 2020)
PB  - Atlantis Press
SP  - 231
EP  - 237
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210220.041
DO  - 10.2991/aebmr.k.210220.041
ID  - Rudianto2021
ER  -