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PENINGKATAN DAYA TARIK USAHA WISATA KAIN TENUN DONGGALA DI DESA TOWALE KABUPATEN DONGGALA Vitayanti Fattah; Djayani Nurdin; Elimawati Rombe; Bakri Hasanuddin; Mohammad Nofal; Hatma Hatma; Anisah Anisah
Jurnal Abdimas Bina Bangsa Vol. 4 No. 2 (2023): Jurnal Abdimas Bina Bangsa
Publisher : LPPM Universitas Bina Bangsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46306/jabb.v4i2.837

Abstract

The weavers' community in Towale Village remains primarily focused on the traditional textile weaving process, aiming to uphold their ancestral customs. They have yet to view weaving as a means to support their families financially. Consequently, the goal of this community service project is to enhance the appeal of Donggala's woven textile tourism industry through recreational, attraction, and educational activities accessible to tourists visiting Towale Village. The execution of this community service project comprises three phases: preparation, implementation, and evaluation. The outcomes of this project can enhance the weavers' knowledge, motivation, creativity, and innovation in Towale Village, ultimately boosting the attractiveness of the Donggala Woven Textile Tourism Business
DOES IPO IMPROVE COMPANY FINANCIAL PERFORMANCE: THE CASE OF INDONESIA. Aprilian Lahamido; Mohammad Nofal; Muslimin; Anisah
Multidiciplinary Output Research For Actual and International Issue (MORFAI) Vol. 6 No. 2 (2026): Multidiciplinary Output Research For Actual and International Issue
Publisher : RADJA PUBLIKA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/morfai.v6i2.4939

Abstract

This study aims to analyze the differences in financial performance of companies before and after an Initial Public Offering (IPO) in Indonesia. The study uses a quantitative approach with a comparative approach. The sample consists of companies that conducted an IPO on the Indonesia Stock Exchange in 2022, with an observation period of two years before the IPO (2020–2021) and two years after the IPO (2023–2024). The data used is secondary data obtained from the companies' annual financial reports. Financial performance is measured using liquidity ratios, leverage, profitability, activity, and asset growth. Analysis was conducted using nonparametric statistical tests to identify differences in financial performance before and after the IPO. The results show that an IPO causes significant changes in a company's financial performance, but the direction of these changes does not always indicate an increase. Most companies experienced a decline in profitability after the IPO, while asset growth tended to increase. These findings suggest that an IPO plays a more significant role as a means of funding and corporate growth rather than a direct determinant of improved financial performance. This study contributes to understanding the impact of an IPO on the financial performance of companies in Indonesia.