ANALISIS KINERJA KEUANGAN PERUSAHAAN SEBELUM DAN SESUDAH GO PUBLIC PADA PERUSAHAAN MANUFAKTUR

Abstract

This research aims to test and provide evidence of the difference in the financial performance of the company before and after going public projected with financial ratios through annual financial statements prepared by manufacturing companies which listed on the Indonesia Stock Exchange. The population in this research is obtained by using purposive sampling method at manufacturing company doing go public and listed in Indonesia Stock Exchange (IDX) in year 2013, and based on predetermined criteria hence obtained sample of 4 manufacturing companies. The analytical method used is Paired Samples t-Test with SPSS (Statistical Product and Service Solutions) application tool. The results of financial ratio analysis of manufacturing companies before and after going public show the financial performance of companies after going public tend to be better than before going public. The result of the difference test of the average pairs stated that the financial performance of the company for 3 years before and 3 years after going public in current ratio financial ratio, debt to asset ratio, debt to equity ratio, return on asset, return on equity and total asset turn over shows a significant difference. While in the ratio of net profit margin profit showed no significant differences.
Keywords: Financial performance, Go Public, Financial Ratios, Paired Samples t-Test