JURNAL MANAJEMEN MOTIVASI
Vol 22 No 1 (2026): Jurnal Manajemen Motivasi

Firm Performance Following IPO

Satrio Rifky Aprilianto (Unknown)
Nofal , Mohammad (Unknown)
Bidin, Cici Rianty K (Unknown)
Anisah, Anisah (Unknown)

Article Info

Publish Date
17 Jan 2026

Abstract

This study examines the financial performance of 59 companies that conducted Initial Public Offerings (IPOs) on the Indonesia Stock Exchange in 2022. Using a comparative quantitative approach, it analyzes financial indicators from one year before and after the IPO. Performance metrics include profitability (ROA, ROE, NPM), leverage (DAR), activity (TATO), and asset growth (AG). The Wilcoxon Signed-Rank Test and t-test were used to assess differences. Results indicate a decline in profitability, leverage, activity, and asset growth post-IPO, suggesting that IPOs may not immediately enhance financial performance.

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Journal Info
JURNAL MANAJEMEN MOTIVASI
Website

Abbrev

jm_motivasi

Publisher

Universitas Muhammadiyah Pontianak

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Jurnal Manajemen Motivasi (JMM) adalah Jurnal Ilmiah Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Pontianak yang diterbitkan secara berkala 2 (dua) kali dalam satu tahun (Juni dan Oktober) sebagai sarana untuk menyebarluaskan hasil penelitian dan ilmu pengetahuan di bidang ilmu manajemen ...