I Made Ryan Ananta Putra
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Sectoral Differences in Financial Performance Before and After IPO: Evidence from the Indonesia Stock Exchange A. A. Rai Niti Darmika Sukawati; I Made Ryan Ananta Putra; Kedisan, A.A. Vidyaswari
E-Jurnal Akuntansi Vol. 35 No. 12 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Udayana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24843/EJA.2025.v35.i12.p03

Abstract

This study examines sectoral differences in financial performance changes before and after Initial Public Offerings (IPOs) on the Indonesia Stock Exchange during the 2020–2023 period. The research population includes all firms conducting IPOs in the observed period, with 235 companies selected using purposive sampling based on data availability. Financial performance changes are measured using the Current Ratio (CR), Total Assets Turnover (TATO), Debt to Equity Ratio (DER), and Return on Equity (ROE). Sectoral comparisons are conducted using the Kruskal–Wallis non-parametric test due to non-normal data distribution. Descriptive results indicate that liquidity (CR) generally increases after IPOs, while efficiency (TATO), leverage (DER), and profitability (ROE) tend to decline. However, the Kruskal–Wallis results show no statistically significant differences in these changes across sectors. Overall, post-IPO financial adjustments in the Indonesian capital market exhibit relatively homogeneous patterns across industries during the observed period.
PENGARUH NILAI FUNDAMENTAL PERUSAHAAN TERHADAP HARGA SAHAM PADA PERUSAHAAN PERTAMBANGAN Ni Kadek Devi Ariska Dewi; Putu Ayu Anggya Agustina; I Made Ryan Ananta Putra
Juremi: Jurnal Riset Ekonomi Vol. 5 No. 5 (2026): Maret 2026
Publisher : Bajang Institute

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Abstract

This research examines whether metrics affected on Return On Assets (ROA), Net Profit Margin (NPM), Earning per Share (EPS), or Debt to Equity Ratio (DER) might influence stock prices in mining firms trading on the flatform. The research population includes 30 entities in the mining firms that listed on the Indonesia Stock Exchange in 2024. The sample are 30 mining firms was collected, with data process used multivariate linear regression techniques with the assistance of IBM SPSS 27. This research findings suggest just EPS really moves positive influence on the share value of mining companies, while ROA, NPM, or DER don't seem influence to matter much. When tested simultaneously, the four variables did not show a real impact on share values. Therefore, the most important for investors is company's liquidity. This work could help clarify what actually influences share values in mining. as well as provide practical benefits for investors and financial manager, so that they able to make an accurate investment with their analysis on their financial company.