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

Wahyono, Budi

doi:10.20961/bise.v4i2.27016

Cited by 7 publications

(13 citation statements)

References 2 publications

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“…Perusahaan baru yang berbasis teknologi disebut juga dengan digital startup. Digital startup is a young and new technology based companies focused on innovation and growth (Talaia et al, 2016). Menurut Brikman (2015, digital startup merupakan organisasi yang dibuat untuk terus bertumbuh dengan berbasis teknologi pada kondisi lingkungan yang tidak menentu.…”

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“…Untuk dapat bertahan dan berkembang, perusahaan digital startup membutuhkan sumber pendanaan yang baik (Talaia et al, 2016). Berdasarkan riset yang dilakukan oleh CB Insights (2019), 29% kegagalan yang dialami startup disebabkan karena kekurangan dana, dan ini menjadi alasan peringkat kedua atas kegagalan-kegagalan lainnya.…”

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“…Pendanaan perusahaan digital startup umumnya berasal dari investor tertentu seperti lewat venture capital, private equity, business angels (angel investors), incubators, dan crowdfunding (Talaia et al, 2016). Walaupun demikian, berdasarkan Dailysocial.Id (Nabila, 2018) (Kim & Hesmati, 2010).…”

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Analisis Kinerja Keuangan Digital Startups Sebelum dan Sesudah Initial Public Offering di Bursa Efek Indonesia pada Tahun 2017 dan 2018

Dwisono¹,

Kostini²,

Rasmini³

2021

OJSMA

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The objective of this research is to analyze the differences of financial performance before and after Initial Public Offering digital startups which are listed in Indonesian Stock Exchange in 2017 and 2018. The sample of this research is all of digital startups which are listed in Indonesian Stock Exchange in 2017 and 2018. The sample is 5 digital startups. This research used Paired Sample t-test and Wilcoxon Sign test as the data analysis. The finding indicated financial performance which calculated by debt to asset ratio was significant difference on digital startups between before and after Initial Public Offering. The result of this research indicated that the financial performance of digital startups before and after Initial Public Offering had an insignificant difference. The financial performance of digital startups increased after Initial Public Offering.

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Analisis Kinerja Keuangan Digital Startups Sebelum dan Sesudah Initial Public Offering di Bursa Efek Indonesia pada Tahun 2017 dan 2018

Dwisono¹,

Kostini²,

Rasmini³

2021

OJSMA

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“…Profitability ratio is measurement of company performance from profit [2]. Profitability ratios are divided by several ratios, including Return on Equity (ROE), Return on Assets (ROA), Net Profit Margin (NPM), and Operational Profit Margin (OPM).…”

Section: Methodsmentioning

confidence: 99%

“…The research conducted was observed using Return on Assets (ROA), Return on Equity (ROE), Net Profit Margin (NPM) and Operating Profit Margin (OPM). According to Wahyono [2] changes before and after the IPO are seen in the increased liquidity ratio, while the solvency and profitability ratios have decreased. These changes are not significant before and after the IPO.…”

Section: Introductionmentioning

confidence: 99%

Designing Strategy of Indonesia Port Car Terminal Based on Analysis of Profitability Ratio Before And After the IPO

Ilman

Chumaidiyah

Zulbetti

2021

MECHTA

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<p class="02abstracttext">Indonesia has managed to get out of the low-income zone and into the middle-income zone. However, Indonesia still has a challenge that is to get out of the middle-income trap zone. These challenges must be resolved by improving the performance of BUMN. Indonesia Port Center Terminal is one of the BUMN subsidiary companies precisely a subsidiary of Indonesia Port Center II (Persero). The purpose of the study was to determine differences in performance indicators before and after the IPO in profitability ratios, namely ROA, ROE, OPM, and NPM and recommendations for performance improvement strategies. The data obtained is based on the 2016-2019 financial statements and questionnaires to expert judgment. The method used is the Wilcoxon Paired t-Test, AHP, and SWOT test. The results of the Wilcoxon Paired t-Test test before and after the IPO were no difference. The results of the company's SWOT analysis are in the position of quadrant I (strength and opportunities). The recommended strategy applied in this condition is to support an aggressive growth policy that prioritizes the strengths and opportunities of the company.</p>

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Optimalisasi Pengaturan Layanan Urun Dana (Crowdfunding) Berbasis Teknologi Informasi Sebagai Solusi Permodalan Usaha Mikro, Kecil, Dan Menengah Di Masa Pandemi Covid-19

Ibrahim¹,

Yaqin²,

Simbolon³

2021

JLR

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This study aims to compare crowdfunding with other methods of capital, namely the capital market, banking credit, and P2P lending, as well as assess changes to the Financial Services Authority Regulation (POJK) regarding crowdfunding in the context of the realization of responsive and fair laws during the COVID-19 pandemic. In addition, this study also aims to analyze how information technology-based crowdfunding arrangements encourage the digitization of MSMEs. The research method used is normative juridical using secondary data sourced from literature studies of books, journals, articles, and statutory regulations. The results of the study conclude that, first, crowdfunding provides an alternative method of capitalization for MSMEs in terms of requirements and costs that are easier, as well as secondary market orientation and investors. Second, the latest POJK on crowdfunding shows changes that are more accommodating to MSMEs. However, the POJK can still be refined, especially in the context of the limited authority of the Indonesian Crowdfunding Service Association (ALUDI) in crowdfunding supervision. Making ALUDI a Self-Regulatory Organization (SRO) is one solution to this problem.

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

Cited by 7 publications

References 2 publications

Analisis Kinerja Keuangan Digital Startups Sebelum dan Sesudah Initial Public Offering di Bursa Efek Indonesia pada Tahun 2017 dan 2018

Analisis Kinerja Keuangan Digital Startups Sebelum dan Sesudah Initial Public Offering di Bursa Efek Indonesia pada Tahun 2017 dan 2018

Designing Strategy of Indonesia Port Car Terminal Based on Analysis of Profitability Ratio Before And After the IPO

Optimalisasi Pengaturan Layanan Urun Dana (Crowdfunding) Berbasis Teknologi Informasi Sebagai Solusi Permodalan Usaha Mikro, Kecil, Dan Menengah Di Masa Pandemi Covid-19

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