ANALISIS KINERJA KEUANGAN SEBELUM DAN SESUDAH GO PUBLIC

Abstract

The decision to go public has great influence in improving the condition of the company, to increase
the performance of the company, particularly in the financial performance of the company. The
changes have an impact to the financial statement i.e. net profit, profit per stock, or its stock liquidity.
One of the ways to measure the financial performance of the company, the most common way is to
view and to analyze the financial statements. Those analyses will give general reflection about the
company which is being observed.This research is meant to find out whether there is any significant
difference of the financial performance before and after go public in PT Bank Tabungan Negara, Tbk
which has been done by using Paired Samples t-Test. The result of the analysis shows that financial
ratios in PT Bank Tabungan Negara, Tbk before and after go public shows that the financial
performance of the company after go public which is proxy by liquidity ratio, rentability, solvability
and bank business risk has a tendency to improve compare to before go public.The result of paired
difference test shows that the financial performance is good before and after go public, there are 11
financial ratios only six ratios (ROE, PR, CAR, CR, CRR, and DRR) show significant differences,
while five other ratios (QR , BR , LDR , NPM , and ROA) did not show a significant difference.

Keywords : Financial Performance, Financial Ratio before and after Go Public.