Significant Differences In Financial Performance Research Articles

Analysis Of Financial Performance Of Muhammadiyah Aisyiyah Hospital In Jakarta Before And After The Covid-19 Pandemic

This study aims to analyze differences in the financial performance of the Muhammadiyah-Aisyiyah Hospital (RSMA) in Jakarta before and after the COVID-19 pandemic. Data was obtained from financial reports (2017Q1-2022Q4) which were analyzed using the ANOVA difference test. Based on the analysis and discussion, it was found that there was a significant difference in financial performance in the financial ratios of TATO and PBT, while the difference in DAR was not significant before and after the COVID-19 pandemic in the RSIJ Group. Apart from that, it was found that financial performance was better after the COVID-19 pandemic.This research provides practical insights for hospital managers and stakeholders in designing more effective policies for financial management during and after the pandemic. The increase in the Debt to Assets Ratio in several hospitals shows the need for better debt management strategies, while the decrease in the Total Assets Turnover Ratio emphasizes the importance of increasing the efficiency of assets use. The increase in Profit Before Tax in several hospitals indicates opportunities to increase profitability through appropriate management despite existing challenges. To improve the financial performance of Muhammadiyah private hospitals in DKI Jakarta, it is recommended to improve asset management to make it more effective, diversify income sources to reduce financial risks, improve revenue and operational expense management strategies, and invest in advanced health technology.

Comparative Analysis of Pra-Post Merger and Acquisition Financial Performance Reviewed From EVA, MVA and Financial Ratio Methods (Empirical Study of Non-Financial Sector Companies Listed on the IDX for the Period 2015-2020)

This study aims to compare the pre-post M&A financial performance of non-financial companies listed on the Indonesia Stock Exchange (IDX) in the 2-year period before mergers and acquisitions (M&A), in the year of M&A, and 2 years after M&A. Performance was measured using Economic Value Added (EVA), Market Value Added (MVA), and financial ratios. The research sample consisted of 22 companies selected by purposive sampling, and secondary data were analyzed from financial statements. Partial analysis was conducted with the Wilcoxon Sign Test because the data was not normally distributed, while simultaneous analysis used the MANOVA test with the STATA version 17 application. The results of simultaneous testing showed no significant difference in financial performance between before and after M&A. However, partial test results found significant differences in MVA variables in the period 2 years before, 1 and 2 years after M&A, as well as in the year of M&A. In addition, the ROA variable also shows significant differences in the 2-year period before, 1 and 2 years after M&A. However, the effect of M&A on MVA and ROA variables tends to be negative.

Financial Performance of Mining Sector in Indonesia: The Pre and Post Comparison of Pandemic

The Covid-19 pandemic has affected all aspects of people's lives. One of them is the world economy. This also has an impact on the economy in Indonesia. The Financial Services Authority (OJK) groups several sectors that have the potential to not survive the Covid-19 pandemic, one of which is the mining sector. However, the mining sector also makes a large contribution to the Indonesian economy. This research aims to test whether there are significant differences in the financial performance of mining companies before the Covid-19 and after the Covid-19. The information in this research was obtained through the official website www.idx.co.id and used purposive sampling to filter mining sector companies that met the criteria. The analysis method used is the Wilcoxon signed rank test with the help of SPSS 23. The results of the research show that the current ratio results are 0.865 > 0.05, the debt to assets ratio results are 0.733 > 0.05, the total asset turnover results are 0.950 > 0, 05 and the resulting net profit margin is 0.594 > 0.05. With this, mining sector companies do not experience significant differences in company financial performance before Covid-19 and after Covid-19.

Performance of Green vis-à-vis Red EU securities

ABSTRACT This research compares the performance of Green (eco-friendly) versus Red (eco-enemy) returns for EU securities. Green securities are the stocks of companies whose primary business activities focus on being relatively beneficial to the environment, while Red stocks are associated with business activities that are harmful to the environment. The study investigates their performance from January 2000 to December 2019, before and after the Global financial crisis in 2009. The methodology follows two parts in order to distinguish the financial performance between Green and Red stocks. The first part applies the asset pricing models from the Fama-French and the Carhart models and their extensions for every security and estimates the alpha performance; the second continues with a cross-sectional regression to compare the asset classes. The findings indicate that there is no statistically significant difference in financial performance between Red and Green securities.

Comparative Financial Performance Analysis of Neo Banks and Conventional Banks in India (2019-2023): An Empirical Study

Aim: This study will compare India's Neo Banking and Conventional Banking systems, focusing on their financial performance indicators from 2019 to 2023. The objective is to understand the differences in economic performance between these two banking systems and identify factors contributing to their net income. Methodology: The study adopts a quantitative research approach with a descriptive research design. It utilises secondary data from the Prowess Database and audited financial reports of Neo and Conventional banks registered with the Reserve Bank of India (RBI). Panel regression analysis is employed to analyse the data, considering both Fixed Effects (FE) and Random Effects (RE) models to assess the impact of various financial indicators on net income. Results: The study reveals significant differences in financial performance, using Fixed Effects (FE) and Random Effects (RE) models for panel regression analysis. Return on Assets (ROA) positively impacts net income, highlighting efficient asset utilization's importance, while Net Profit Margin (NPM) negatively impacts net income, indicating potential inefficiencies. The Asset Turnover Ratio positively affects net income, emphasizing operational efficiency. Gross Profit Margin (GPM) and Gross Profit show varying impacts, with the FE model preferred for reliability. The results suggest Neo Banks, despite operational efficiency and innovation, struggle with profitability, whereas Conventional Banks, though more stable, need operational improvements and digital adoption. This study highlights the dynamic Indian banking sector and the need for both banking models to adapt to a balanced financial ecosystem. Further research is recommended to explore specific operational dynamics and market influences. Conclusion: The analysis reveals that while Neo Banks offer operational efficiency and innovative services, they face challenges in maintaining profitability. Conversely, Conventional Banks, while demonstrating stability, need to enhance operational efficiency and embrace digital innovation to remain competitive. The study underscores the evolving banking sector in India and the necessity for both Neo and Conventional Banks to adapt to technological advancements and changing consumer preferences. Emphasizing the importance of efficient asset utilization and operational performance, the findings suggest that a balanced approach integrating innovation and stability is crucial for a sustainable financial ecosystem. Further research should delve into specific operational aspects and market dynamics to deepen the understanding of these trends.

Kinerja Keuangan Bank Mega dan Bank Mega Syariah Menggunakan Pendekatan Camel

This research aims to compare the financial performance between Bank Mega and Bank Mega Syariah during the 2018-2022 period using the CAMEL approach. The research method used is descriptive comparative through a quantitative approach. The data used are Bank Mega and Bank Mega Syariah quarterly reports for the 2018-2022 period. The results of descriptive statistical tests show that the majority of the financial ratios of the two banks are in the good or very good category based on applicable standards. However, the results of hypothesis testing using the Mann-Whitney U Test indicate that there are significant differences in financial performance between the two banks. Bank Mega has better performance in terms of CAR, ROA, BOPO and LDR ratios, while there is no significant difference in the NPL ratio between the two banks.

Comparative Analysis Of Financial Performance Of Bank Bpd Diy And Bank Jateng For The 2019-2022 Period

This research aims to determine the comparison of financial performance between BPD DIY and Bank Jateng (formerly: BPD Jateng) in the 2019-2022 period. Research Method – This study uses descriptive analysis, this study uses financial ratio analysis tools, normality test, independent Sample T-test if the data is normally distributed, and Mann Whitney test if the data is not normally distributed. Findings - The conclusion of the research and discussion above, it can be said that Bank BPD DIY and Bank Jateng show significantly different financial performance as shown by the CAR ratio, while the ratio of NIM, ROA, NPL, and BOPO has no significant difference in financial performance. Implication – This research is expected to be a reference for consideration to analyze the comparison of BPD DIY and Bank Jateng and other banks in the future.

Uticaj ISO standarda 14001 i nefinansijskog izveštavanja na finansijske performanse kompanija

In today's dynamic business environment, companies increasingly understand how important care for the environment is for the success of their operations. There is an increasing number of companies that implement the ISO 14001 standard in their operations. The main research objective is to examine whether the implementation of the ISO 14001 standard and non-financial reporting affect the financial performance of companies. The research is conducted using induction and deduction methods, while the practical part focuses on statistical data analysis using non-parametric tests. The main conclusion of this research is that there is no statistically significant difference in financial performance in the period from 2019 to 2021, among companies that have implemented the ISO 14001 standard and companies that have not implemented the standard, as well as companies that disclose and companies that do not disclose non-financial statements.

Financial Performance Of Islamic Insurance Companies Before And During The Covid-19 Pandemic

This research aims to analyze the comparative financial performance of Islamic insurance companies before and during the Covid-19 pandemic. The financial performance measured refers to the early warning system ratios, which consist of the underwriting, liquidity, own retention, premium stability, and loss ratios. This research is a descriptive quantitative research using the Wilcoxon test. The research population is all Islamic insurance companies registered with the Financial Services Authority (FSA) for 2018-2021. The sample was selected based on purposive sampling so that 48 observation data were obtained. Data comes from financial reports obtained through the official FSA and Company websites. The research results show significant differences in financial performance before and during the pandemic in the liquidity and loss ratio variables. However, there is no significant difference in financial performance before and during the pandemic in the underwriting ratio, own retention ratio, and premium stability ratio variables. This research can complement existing theories and become a reference for companies to evaluate and improve their financial performance, especially after the Covid-19 pandemic.

Financial management and family business: a perspective article

PurposeThis study aims to review major themes and findings of research into financial management of family business and to suggest new directions for future research.Design/methodology/approachThis is a perspective article beginning with literature review to summarize prior research and to identify main findings and issues. The paper then develops themes, questions and opportunities for future research.FindingsThis paper presents a summary of principal research streams in the financial management of family business. Prior research has found significant differences in financial performance, in financial policies and in ownership and governance structures and behavior. These research findings vary by industry, by country and by stage of economic development. While extensions of these streams will add additional richness to the author’s understanding of finance in family business, recent innovations in the role and organization of the firm and in access to key resources suggest promising new research paths. There are also important lessons from financial practices in family business that have broader applicability.Originality/valueThis is a perspective article suggesting that many financial and governance issues central to family business have broader applicability to nonfamily business. Substantial value can be added by applying these learnings to a broader corporate finance context. Innovations in financing, governance and organizational design are transforming financial management in family business. In addition, changes in markets and industries create new opportunities for financing family business and for new strategic opportunities.

ANALISIS PERBANDINGAN KINERJA KEUANGAN PERUSAHAAN SEBELUM DAN SESUDAH INITIAL PUBLIC OFFERING (IPO)

Initial Public Offering (IPO) can make changes for public companies and get additional capital. Investors can assess the company's financial performance by using financial ratios before and after the initial public offering consisting of Current Ratio, Debt Equity Ratio, Debt Asset Ratio, Total Asset Turn Over, Net Profit Margin, Return On Assets, Return On Equity. Assessment of company financial performance using financial reports using the purposive sampling method for energy sector issuers conducting initial public offerings in 2018-2019, data analysis techniques use descriptive test, Shapiro Wilk normality test, paired sample t-test and wilcoxon signed rank test. The results show that there are differences in financial performance after the IPO on the Debt Asset Ratio, Total Asset Turn Over, and Return On Equity. The result show there was no significant difference in financial performance after the IPO on the Current Ratio, Debt Equity Ratio, Net Profit Margin, and Return On Asset.

A Tale of Two Corporations: A Comparison between Performance of Domestic and Multinational Corporations on Corporate Social Responsibility in a Developing Muslim Country

Corporate Social Responsibility (CSR), a major strategic tool in sustainable development, environment protection, and ethical alignment has gained considerable amount of attention worldwide. Developing countries, however, are still at the early stage in using CSR and especially for developing Muslim countries, whose CSR concept sometimes are confused with philanthropic responsibilities. This study therefore focuses specifically on a representative developing Muslim country, Pakistan to examine CSR. It piques our research interests that there are differences between multinational corporations (MNCs) and domestic companies in the CSR investment in Pakistan, and we compare how these differences in CSR influencing financial performance, net profits, and assets by using the combined methodologies of qualitative content analysis and quantitative regression analysis to investigate whether the differences are statistically significant drawing on the corporate social model. Analyzing 111 domestic companies and MNCs in Pakistan during 2020, we establish statistically significant differences in financial performance, net profits, and assets. Specifically, we find that domestic companies exhibit lower levels of CSR investment compared to MNCs, and they under-perform in terms of financial performance, net profits, and assets. This study contributes to the literature on CSR and the corporate social model, enhancing understanding of CSR development in numerous developing Muslim countries.

Analisis Kinerja Keuangan KSU Sri Nadi Bersama Sebelum dan Selama Masa Pandemi Covid 19 di Kota Denpasar, Bali

Analysis of Financial Performance of KSU Sri Nadi Bersama Before and During the Covid 19 Pandemic
 The concept of creating shared value is a business sustainability practice that has the nature to provide strengthening and independence of the surrounding environment. This consensus has been implemented by cooperatives in accordance with its function that gathers weak economic strength to become the lifeblood of the economy and strengthen the economic life of the nation. However, the Covid 19 pandemic has proven to have a bad effect on the micro to maceoeconomics. Therefore, this study aims to analyze the financial performance of KSU Sri Nadi Bersama Denpasar before and during the Covid 19 pandemic. The study used primary data in the form of monthly financial statements and primary data through interviews. The data analysis techniques used are descriptive analysis and paired t test on financial performance liquidity ratio, solvency ratio, profitability ratio and activity ratio. The results showed that there was a significant difference in liquidity ratio and solvency ratio in the pre-Covid 19 pandemic when compared to during the Covid 19 outbreak. Profitability ratios and activity ratios that showed no significant difference in financial performance in the period before and during the Covid 19 outbreak.

Analisis Perbandingan Kinerja Keuangan Sebelum Dan Sesudah Initial Public Offering (IPO) Pada PT. Bukalapak Tbk

This study aims to determine the comparison of the financial performance of liquidity, solvency, activity and profitability before and after being designated as an initial public offering. This research is classified as quantitative research. The object in this research is PT. Bukalapak Tbk. The type of data used in this research is secondary data. The analytical method used is comparative analysis. To test the hypothesis using the paired sample t-test and the Wilcoxon test. The results of this study conclude (1) There is no significant difference in financial performance in terms of liquidity indicators before and after being designated as an initial public offering. (2) There is no significant difference in financial performance seen from the solvency indicators before and after being determined as an initial public offering. (3) There is no significant difference in financial performance seen from the activity indicators before and after being determined as an initial public offering. (4) There is a significant difference in financial performance seen from the profitability indicators before and after being determined as an initial public offering.

Financial Performance Analysis Before and After the Rise of Digital Companies (Case Study in the Transportation, Banking and Manufacturing Sector Listed on the Indonesia Stock Exchange)

Rapid technological developments in this era have an impact on incumbent companies or in other words, are companies that first exist and operate in the world. Technology has an influence on every area of ​​human life. The increasing number of online technology-based digital companies such as start-up companies on demand, financial technology (fintech) companies, and electronic commerce (e-commerce) companies, of course have an impact on incumbent companies in various sectors. This study was conducted to determine whether or not there are differences in the financial performance of incumbent companies between before and after the rise of digital companies. This research was conducted on companies in the transportation, banking and manufacturing sectors listed on the Indonesia Stock Exchange in 2012-2014 and 2016-2018, using profitability ratios, leverage ratios, liquidity ratios and activity ratios as measured by return on assets (ROA), debt ratio (DR), current ratio (CR) and total assets turnover ratio (TATO). Tests carried out include descriptive statistical analysis, normality test and hypothesis testing. In testing the hypothesis using the paired sample t-test method. The results of this study are that there is no significant difference in financial performance before and after the rise of digital companies assessed from ROA, DR, CR and TATO. In testing the hypothesis using the paired sample t-test method.

Budget,Data,Development Performance Based Budgeting Model in Village Government

This article analyzes what arises from the use of traditional budgets with budget reforms, namely applying Performance-Based Budgeting (PBB) to the APBD. Appropriate, clear and real application and accountability are needed so that government and development violations can take place in an efficient and successful manner. The development of community needs will become the basis for thinking about how to operate autonomy so as to achieve the goal of increasing the standard and quality of people's lives. This article uses a qualitative method, namely data acquisition which is carried out through a literature review study and with the stages of presenting data and results of research data. The results show that there are significant differences in financial performance based on economic ratios, effectiveness, and regional independence ratios indicating that efforts to implement performance-based budgeting have been able to reduce the uneconomic use of regional expenditures used by the government and the ability of local governments to realize planned revenues compared to set targets has been running effectively. Then for benchmarks and performance through health and education services it shows an increase in the human development index number.
 Keywords: Budget, Data, Development, Government

Analisis Perbedaan Kinerja Keuangan Sebelum dan Saat Terjadinya Covid-19 pada Perusahaan Farmasi di Bursa Efek Indonesia

In this research, the background is the presence of the Covid-19 virus. Covid-19 does not only have an impact on the world of health but has an impact on all sectors such as education, people's social life and especially the economy in Indonesia. This study aims to test and analyze whether there is a significant difference in Financial Performance before and at the time of the Covid-19 virus in Indonesia as measured by ratio analysis of liquidity ratios, solvency, profitability, activity. The data used in this study are pharmaceutical companies listed on the Indonesia Stock Exchange, totaling 9 companies with an analytical technique, namely the Pair-Sample T-Test method. Based on the descriptive analysis of the data in this study, it resulted in a decrease in the average performance of financial statements as measured by the liquidity ratio variable with the current ratio indicator, solvency with the dept to asset ratio indicator, profitability with the return on assets indicator, and activity with the total asset turnover indicator. . The results of the paired t-test (Pair-Sample T-Test) in this study, namely the ratio of liquidity and solvency did not have a significant difference, while profitability and activity had a significant difference.

Analisis Perbandingan Kinerja Keuangan Perbankan Sebelum Dan Saat Pandemi Covid-19 Menggunakan Analisis RGEC Pada Bank BUMN (Bank Umum Persero) Yang Terdaftar di Bursa Efek Indonesia Periode 2019-2020

This research was motivated by the Covid-19 virus which spread to Indonesia and caused a pandemic outbreak. The impact of the Covid-19 pandemic on the banking sector is related to the level of financial health of banks in Indonesia. This study aims to determine the level of financial health of banks, especially BUMN Banks (Persero Banks) before the Covid-19 pandemic and during the Covid-19 pandemic in 2020 using RGEC analysis (Risk Profile, Good Corporate Governance, Earning and Capital).The data analysis tool method used is SPSS (Statistical Package for Social Sciences).The results of this study prove that there is no significant difference in banking financial performance between before and during the 2020 Covid-19 Pandemic at BUMN Banks (Persero) as measured by the ratio Risk Profile. There is no significant difference in the financial performance of banks between before and during the 2020 Covid-19 Pandemic in BUMN Banks (Persero) as measured by the ratio Good Corporate Governance. There is a difference in the financial performance of banks between before and during the 2020 Covid-19 Pandemic in BUMN Banks (Persero) as measured by the ratio Earnings. There is no difference in banking financial performance between before and during the 2020 Covid-19 Pandemic at State-Owned Banks (Persero) as measured by the ratio Capital.

Analysis of Differences Financial Performance Between Government Bank and National Private Bank Listed on Indonesia Stock Exchange on 2018-2021 using the RGEC Method

This study aims to determine the differences in the financial performance of state banks and national private banks listed on the Indonesia Stock Exchange in 2018-2021 using the RGEC method. In addition, this study aims to determine the comparison between state banks and national private banks listed on the Indonesia Stock Exchange in 2018-2021 which have better (healthier) financial performance using the RGEC method based on regulations set by the government. The sample used in this study is a sample taken by purposive sampling technique, the criteria used are banks that are included in the Top 500 Most Valuable Bank Brands 2021. There are 9 banks that meet the criteria consisting of 4 state banks and 5 national private banks. This study uses four aspects of the RGEC method, namely the risk profile (NPL & LDR), the GCG aspect which is measured using a composite rating, aspects of earnings (ROA), and aspects of capital (CAR). The results of the analysis of this study indicate that during 2018-2021, there are significant differences in financial performance in terms of NPL & CAR, while LDR, GCG, ROA show no significant differences in the financial performance of the two banks. National private banks have better (healthy) financial performance compared to state banks in 2018-2021.

Analisis perbandingan kinerja keuangan perusahaan sebelum dan sesudah akuisisi pada perusahaan pengakuisisi yang terdaftar di bei tahun 2010-2021

Acquisition is a growth strategy to improve company performance by buying shares in other companies. This corporate action has become a trend in Indonesia in 2010. With the hope of becoming more profitable, it turns out that many companies have suffered losses. Several of these companies have proven that the acquisition theory is not necessarily correct, therefore the purpose of this study is to analyze and compare whether there are significant differences in financial performance before and after making acquisitions in 2010-2021. This study uses a quantitative research method with a descriptive approach. The sample in this study were 43 companies. For the analysis technique itself using the Description Test and the Wilcoxon Signed Rank Test. The results of this study are that ROA, CR, and EPS experienced an average increase when the acquisition was made, but this increase did not show a significant difference before or after the acquisition. Then on TATO and DER there was an average decrease when the acquisition was made and this decrease did not indicate a significant difference before or after the acquisition. From the results of the research that has been done, it can be concluded that to see whether the company is experiencing growth or not after the acquisition, it cannot only be seen from the financial performance factor.