Jurnal Ekonomi Lembaga Layanan Pendidikan Tinggi Wilayah I
Vol. 1 No. 2 (2021): Article Research November 2021

Does Right Issue Create A Value Change in Financial Performance?

Riris Rollyna Gultom (STMIK ISLAM INTERNATIONAL)



Article Info

Publish Date
29 Nov 2021

Abstract

The various results of research on the announcement of rights issues related to improving the financial performance of issuers through increasing share sales are interesting things to study, in line with additional capital, business expansion, paying debt obligations so that the company's performance continues to run. The purpose of this research is to determine the value of changes in the issuer's financial performance, namely current ratio, debt equity ratio, total assets turn over, net profit margin, return on equity and return on assets, before and after the rights issue was carried out on non-banking companies and financial institutions on the Stock Exchange Indonesian securities for the 2017-2020 period with a sample of 40 issuers. The results of this study use the Wilcoxon Signed Test T-test method where for the debt equity ratio proxy obtained sig (2-tailed) <0.05 which means the hypothesis is rejected, indicating a difference before and after the company conducts a right issue, while for theĀ  proxy of current ratio, total assets turn over, net profit margin, return on equity and return on assets obtained sig (2-tailed)> 0.05 the hypothesis is accepted indicating there is no difference before and after the company conducts a rights issue.

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Journal Info

Abbrev

juket

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Jurnal Ekonomi LLDIKTI Wilayah I (JUKET) is published by LLDIKTI Wilayah 1 Sumatera Utara. Jurnal Ekonomi LLDIKTI Wilayah I (JUKET) is a biannually periodical publication. Articles submitted will be published every May and November. The mission of the Jurnal Ekonomi LLDIKTI Wilayah I (JUKET) is to ...