Analisis Kinerja Keuangan Perusahaan BUMN Sebelum dan Sesudah Privatisasi (original) (raw)
Related papers
Analisis Kinerja Keuangan Perusahaan Bumn Sebelum Dan Setelah Privatisasi
JURNAL AL-IQTISHAD, 2019
Tujuan dari penelitian ini adalah untuk mengetahui apakah ada peningkatan yang signifikan dalam keuangan Badan Usaha Milik Negara setelah privatisasi. Penelitian ini dilakukan dengan membedakan dua sumber pengelolaan Badan Usaha Milik Negara sebelum atau sesudah privatisasi. Data dikumpulkan dari laporan keuangan per Desember yang telah dilakukan privatisasi dengan IPO. Penelitian ini ditujukan kepada 9 Badan Usaha Milik Negara yang telah go public dan terdaftar di Bursa Efek Jakarta. Karakteristik penelitian ini adalah profitabilitas, produktivitas aset, leverage dan payout. Karakteristik pertama diukur dengan menggunakan indikator return on assets, return on equity, dan return on sales, karakteristik kedua diukur dengan menggunakan indikator turn over aset, karakteristik ketiga diukur dengan menggunakan hutang terhadap aset, dan Karakteristik terakhir diukur dengan menggunakan dua indikator yaitu dividen terhadap penjualan dan dividen terhadap pembayaran. Instrumen statistik yang ...
Dampak Privatisasi BUMN Terhadap Kinerja Keuangan BUMN Indonesia
E-Jurnal Akuntansi, 2020
This study aims to examine the differences in state-owned companies before privatization and after privatization is conducted in terms of the company’s financial perfomance. The company’s financial performance uses 10 financial of Gross Profit Margin, Operating Profit Margin, Net Profit Margin, Return On Assets, Return on Investment, Current Ratio, Total Debt to Total Asset Ratio, Total Debt to Equity Ratio, Fix Asset Turnover Ratio, Net Asset Turnover Ratio. This study method uses quantitative research. Data analysis uses mann-whitney different test. The sample of state-owned companies with a period consisting of 4 years before privatization and 4 years after privatization. Hypothesis test results show that the financial performance of state-owned companies after privatization is better than before privatization.
Kinerja Keuangan Sebelum dan Masa Pandemi Covid-19 Pada Perusahaan BUMN
Owner
This study aims to determine the impact of the Covid-19 pandemic on the company's financial performance. In this study, the approach used by researchers was quantitative and comparative research. The population of this study is all construction service companies of State-Owned Enterprises listed on the Indonesia Stock Exchange in the period before the Covid-19 pandemic (2018-2019) and during the Covid-19 pandemic (2020-2021), totaling 4 companies. The data source used in this study is secondary data, from annual reports. In this study, the analytical methods used are descriptive quantitative analysis and inferential analysis. Inferential statistical analysis used in this study were paired sample t-test and independent sample t-test. The results of the overall hypothesis test show that there are differences in financial performance between before and during the Covid-19 pandemic, state-owned construction service companies listed on the Indonesia Stock Exchange. Over the past four...
Perbaikan Kinerja BUMN Melalui Privatisasi
2003
BUMN) mempunyai kaitan erat dengan berkembangnya diskursus Keynesian ekonomi, yang pengaruhnya sangat kuat dalam dasawarsa 1950-an sampai 1970-an. Saat itu kehadiran negara dalam kegiatan ekonomi dan bisnis diperlukan untuk mengatasi kegagalan pasar (market failure) dan untuk memacu pembangunan serta pertumbuhan ekonomi. Alasan tersebut diperkuat dengan pandangan bahwa swasta tidak mempunyai cukup dana dalam investasi besar, yang umumnya berupa prasarana dan infrastruktur publik dan tidak bersedia mengambil resiko atau kurang berminta menanarnkan modalnya pada investasi publik yang dianggap tidak memberikan prospek keuntungan yang memadai.
Akuntansi dan Manajemen, 1970
This final project aims to analyze the comparison of financial performance of non-bank go public companies listed on the IDX in 2012 before and after the acquisition. This research is quantitative research. The study was conducted using financial ratios, namely: ROE (Return On Equity), DER (Debt to Equity Ratio), EPS (Earning Per Share), TATO (Total Asset Turn Over), CR (Current Ratio), EVA (Economic Value Added), and MVA (Market Value Added). Measurement of financial performance in each company uses secondary data. The population in this study were all companies listed on the IDX that had made acquisitions, and the company announced its acquisition activity in 2012. The method in taking this study using purposive sampling, so that there were eight companies included in the criteria of this study, then the period of observation is 2011-2014. The test tool used is the SPSS version 20. The results of the study using one sample paired t test showed that the companies that acquired did not have differences in ROE, DER, EPS, TATO, CR, EVA and MVA before and after the acquisition.
2020
In general, the purpose of conducting mergers and acquisitions is to obtain synergy or added value. However, mergers and acquisitions by companies do not always produce added value for the company, often failure or deteriorating company performance occurs after the company makes mergers and acquisitions. The purpose of this study is to differ the financial performance of companies before and after mergers and acquisitions based on financial ratio assessments.The method used in this research is quantitative descriptive method. This type of research is quantitative research with the object of research is the financial performance before and after mergers and acquisitions in companies in Indonesia which are listed on the Indonesia Stock Exchange in 2015-2018. Data collection techniques using documentation. The analytical tool used is to use an analysis of the company's financial statements.The results showed that based on financial ratios, namely CR (Current Ratio), DER (Debt to Eq...
Jurnal GeoEkonomi
Entering the era of globalization at this time and with the enactment of the free market, competition in the business world or business is getting tighter. This condition requires companies to be able to develop strategies. One strategy that can be done by the company is by conducting mergers and acquisitions. However, often the failure or deteriorating performance of the company occurs after the company conducts mergers and acquisitions. The purpose of this study is to compare the company's financial performance before and after mergers and acquisitions. This type of research is comparative research. The population in this study are all public companies listed on the IDX that have conducted mergers and acquisitions in the 2015-2016 period as many as 15 companies. The sample of this study amounted to 6 companies. The sampling technique used purposive sampling. This study uses secondary data. Data collection technique is documentation. The data analysis technique used is the Wilc...
Kinerja
The purpose of this research to determine the difference between the financial performance before and after the acquisition of a nonfinancial company listed on the Indonesia Stock Exchange using which is proxied with the ratio of finance current ratio, total assetsturn over, return on equity, debt to equity ratio, earnings per share.The research period used is 2011-2016.The population in this study are companies that do acquisitions listed on the BEI. The sample selection of this research using non probability sampling techniques, with purposive sampling approach. The sample size is 17 samples. The data used are secondary data. Tests conducted are descriptive statistical test, normality test, and test wilcoxon signed rank test. The data analysis used to test the hypothesis is by using paired sample analysis differentiation technique. Based on the result of research indicate that there were significant differences in total assets turnover, return on equity and earnings per share, while the current ratio and debt to equit ratio did not have a significant difference between before and after the acquisition.
2017
RINGKASAN Penelitian ini bertujuan untuk menganalisis perbedaan kinerja keuangan sebelum dan sesudah perusahaan melakukan merger atau akuisisi. Kinerja keuangan perusahaan diukur dengan menggunakan Current Rasio, Total Asset Trunover, Debt to Equity, Net Profit Margin, Return On Investment, Return On Equity, Earning per Share. Penelitian ini menggunakan data sekunder yang di ambil dari www.idx.com dan Indonesian Capital Market Directory (ICMD) tahun 2009-2016 berupa laporan keuangan periode 1 tahun sebelum dan 4 tahun sesudah merger atau akuisisi. Berdasarkan metode purposive sampling, sampel yang diperoleh sebanyak 13 perusahaan yang melakukan merger atau akuisisi periode 2010-2012. Hipotesis dalam penelitian ini diuji dengan menggunakan analisis paired sample t-test. Hasil analisis menunjukkan bahwa tidak terdapat perbedaan pada kinerja keuangan yang diukur dengan Current Rasio, Debt to Equity, dan Earning per Share. Sedangkan Total Asset Turnover, Net Profit Margin, Return On Inv...