The development of the company in an effort to anticipate the increasingly sharp
competition in an increasingly global marketplace it is today will always be done
either by companies large and small companies. The effort is a problem for
companies, because it involves the fulfillment of the necessary funds. In the
process, if the company becomes greater will increasingly need additional capital.
Based on statistical analysis as described above, then the conclusions of this study
can provide a sample of 17 manufacturing companies that do an IPO on the
Indonesia Stock Exchange during the period 2001 to 2005 are as follows:
No financial variables that influence initial returns.
There are changes in the company´s performance 2 years after the IPO, namely
return on assets and profit margins. Meanwhile Current Debt to asset ratio and the
ratio changed in the 2 years after the IPO even though the change is temporary
and inconsistent.
Keywoeds : Financial Variables, initial Return, the company´s Performance, IPO, Companies Manufacturin
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