Financial statements are an important means for users of financial statements to measure a company’s performance, because a number of ratios can be calculated based on the information in the financial statements. Investors use ROA and ROE ratio information as a measure of a company's performance. This study aims to empirically test the growth of financial performance after conducting an Initial Public Offering. This research uses descriptive quantitative methods. This study used descriptive statistical analysis and multiple linear regression with a sample of 8 property and real estate companies listed on the Indonesia stock exchange in 2018. The result of this study is that the ROA and ROE variables did not experience growth after the Initial Public Offering. The results of the study based on the financial performance reviewed by the ROA did not have a significant effect on the stock price. Meanwhile, reviewed by ROE has a significant positive effect on stock prices. This is indicated by the sig ROA value of (0.086) greater than the signicational level (0.05) and the ROE (0.037) is smaller than the significance level (0.05).
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