Significant Differences In Financial Performance Research Articles

Impact of GST on Textile Industries: A Case Study of Raymond’s Ltd. with Special Reference to Pre and Post GST Implementation

In India, sales of goods and services are subject to an indirect tax known as Goods and Service Tax. On July 1, 2017, India implemented a new tax known as the Goods and Services Tax (GST), which affected all sectors of the economy, including the textiles sector, which is crucial to the development of both the Indian and global economies. The study is about the “Impact of GST on Textile Industries: A case study of Raymond’s Ltd”. The objective of this study is to evaluate the overall financial performance and also to compare Pre and Post GST effect on financial performance of Raymond Ltd. Secondary data has been taken in this study. Different ratios, T Test and Bar diagram has been used to analyse the data. This study found out that there is no significant difference in financial performance of Raymond’s Ltd and also there is no significant impact of pre and post GST effect on financial performance of Raymond’s Ltd.

ANALISIS PERBANDINGAN KINERJA KEUNGANAN SELAMA PANDEMI COVID-19 PADA BANK YANG TERDAFTAR INDEX LQ-45

This study aims to analyze the financial performance of banks during the iCovid-19 pandemic with a sample of banking studies listed on the LQ45-Index, to find out whether there are differences in financial performance during the pandemic. This analysis uses the ratio of CAR (Capital Adequency Ratio), ROA (Return On Assets), and LDR/FDR (Loan Deposit Ratio) or (Financing to Deposit Ratio). This study uses a quantitative method with a comparative approach, because this study uses numbers and is analyzed using statistics. This study uses data from the publication of the Financial Statements Quarter I – Quarter IV 2019-2020. The population of this study was taken from the banks listed on the LQ45-Index for the 2019-2020 period, which amounted to six banks, namely Bank Central Asia (BCA), Bank Rakyat Indonesia (BRI), Bank Negara Indonesia (BNI), Bank Mandiri, Bank Tabungan Negara ( BTN), and the Sharia State Pension Savings Bank (BTPN). The statistical method used is the Shapiro-Wilk normality test and the Paired Sample T-Test. The results showed that in the three BCA there were significant differences in financial performance during the Covid-19 pandemic, BRI's CAR and ROA ratios had significant differences in financial performance during the Covid-19 pandemic, while BNI, Bank Mandiri, BTN, and BTPN Syariah did not have differences in financial performance during the pandemic for ROA and LDR ratios, only the CAR ratio shows differences in financial performance during the pandemic

Perbandingan Kinerja Keuangan Perusahaan Sektor Kesehatan yang Terdaftar di Bursa Efek Indonesia Sebelum dan Saat Pandemi Covid-19

The purpose of this study is to compare the financial performance of healtcare sector companies listed on the IDX before and during the Covid-19 pandemic. The type of data used is secondary data in the form of company financial report data for the 2018-2021 period. The research method used is a comparative descriptive method with a quantitative approach. The sampling technique used was purposive sampling. Financial performance is measured using the CR, TATO, DAR, DER, ROA and REO. Hypothesis testing using Paired sample t-test and Wilcoxon Match Pair Test. The test results show that there is no significant difference in financial performance before and during the pandemic when measured by TATO, DAR, DER, ROA, and ROE. Meanwhile, if measured by CR, it shows that there is a significant difference between financial performance before and during the covid-19 pandemic.

Adakah Perbedaan Kinerja Keuangan Perusahaan Farmasi Sebelum dan Selama Covid-19?

The purpose of this research is to investigate whether there are significant differences in financial performance before Covid-19 and during Covid-19 in pharmaceutical companies listed on the IDX. The sample of this study was 9 companies and all of the population were sampled so that this study used the saturated sample technique. The analytical method used is a comparative test with a Paired T-test approach. The results of the study that ROE had a significant difference between before and during Covid-19 also had an impact on stock prices. Furthermore, the DPR has a significant difference between before and during Covid-19 so that it has an impact on stock prices. And lastly, PER has a significant difference between before and during Covid-19 which also has an impact on stock prices.

The Accuracy of Financial Distress Prediction During the COVID-19 Pandemic on Health Sub Sector Companies

During the recent COVID-19 pandemic, most countries are in a phase of slowing economic growth that causes long-term financial distress and leads to bankruptcy. This paper describes the accuracy of financial distress prediction of the healthcare sub-sector companies using the Altman Modified Z-Score, Springate, and Zmijewski methods. The level of accuracy is determined based on the suitability of the calculation results of the three models with the company’s bankruptcy data published on the Indonesia Stock Exchange and strengthened by the analysis based on the calculation of the type error I and II. Based on the level of accuracy and error types I and II, the Springate is the most accurate method in analyzing the financial distress prediction of the healthcare sub-sector companies with an accuracy rate of 91.4275. Comparing financial performance before and after the COVID-19 pandemic, the mean difference test shows that there is no significant difference in financial performance before and after the COVID-19 pandemic.

ANALISIS RASIO KEUANGAN PADA BANK BUMN dan BANK SWASTA GO PUBLIC TAHUN 2017-2019

: This study aims to analyze the financial performance of state-owned banks and private banks in terms of financial ratio analysis. In addition, this study is also intended to analyze the differences financial performance between state-owned banks and private banks. This research was conducted from 2017 to 2019 which included 20 samples of banking companies consisting of 4 state-owned banks and 16 private banks which were taken using a purposive sampling technique. Data were analyzed using financial ratios consisting of LDR ratio, ROA ratio, ROE ratio, and CAR ratio. Then the data were analyzed using the Independent T-test method. The analytical tools used in this research are Microsoft Excel 2016 and SPSS Version 24. The results of the study based on financial ratio analysis show that state-owned banks have better financial performance than private banks. Then the results of the Independent T-test statistical test showed that there was no difference in financial performance in terms of LDR, ROA, and CAR ratios, only the ROE ratio showed significant differences in financial performance between state-owned banks and private banks. Keywords: Financial Performance, LDR, ROA, ROE, CAR, State-Owned Banks, Private Banks

Mergers and Acquisitions: Their Impact on the Financial Performance on the Indonesian Banking Sector

Aims: To comparing and analyzing banking that have completed mergers and acquisitions in Indonesia from 2005 to 2020.
 Study design: This research using the quantitative descriptive method.
 Place and Duration of Study: Financial Services Authority, period 2005 to 2020.
 Methodology: This research using quantitative data with secondary data sources whose data is obtained from financial reports that are accessed through the website www.ojk.go.id and www.idx.co.id. Data analysis used different tests using IBM SPSS, including Descriptive Statistics Test, Kolmogorov Smirnov One Sample Test, Wilcoxon Signed-Ranks Test, Paired Sample T-Test, and Multivariate Analysis of Variance (Manova).
 Results: The results in this study with Manova there are differences in financial performance before and after M&A. While the of the test with Wilcoxon Signed Ranks-Test and Paired Sample T-Test did not show significant differences in the ratios of CAR, DER, ROA, ROE, BOPO, FDR/LDR, and NPF/NPL before and after M&A.
 Conclusion: There is significant differences in financial performance that were tested simultaneously between before and after M&A. Although, there are no differences in the ratio of CAR, DER, ROA, ROE, BOPO, FDR/LDR, and NPF/NPL between before and after M&A.

'Same storm, different boats': the COVID-19 pandemic and its impact on Indonesian public companies

This study aims to evaluate the financial performance of Indonesian public companies before and during the COVID-19 pandemic. Data were collected from the Osiris database. Net income and return on assets (ROA) were used as proxies of financial performance, and the current and solvency ratios were also evaluated. Using the Wilcoxon signed-rank test and Pearson correlation test, this study found a significant difference in financial performance before and during the first year of the pandemic. The results show that 337 companies (68%) experienced a reduction in net income in 2020, while 115 companies (31%) recorded unchanged or even higher profits. Although this study found a statistical difference between the financial indicators before and during the pandemic, not all companies recorded a worse financial performance. Before the pandemic, those with substantial assets and stronger financial performance tended to experience only a minor profit reduction and higher net income in 2020.

Financial Performance Analysis Before and During The Covid-19 Pandemic

The trade sector is one of the biggest economic generators and the most contributing sector towards the gross domestic product (GDP). Unfortunately, the growth of the trade sector stumbles due to the Covid-19 pandemic. According to BPS, this sector is one of the real sectors that is greatly affected by the pandemic situation whereas the demand side experiences a big slump due to the lockdown which makes in and out goods hardly possible. Thus, it leads to the decline of export and import transactions. This study mainly attempts to investigate whether there are significant differences in financial performance during the Covid-19 pandemic and before in trading, service, and investment sector companies listed on the Indonesia Stock Exchange (IDX). Documentation study is implemented as a data collection technique with a quantitative comparative approach. Variables included in this study are Current Ratio (CR), Quick Ratio (QR), Cash Ratio (CR), Net Profit Margin (NPM), Gross Profit Margin (GPM), Operating Profit Margin (OPM), Return on Equity (ROE), Return on Assets (ROA), Debt to Equity Ratio (DER), and Debt to Assets Ratio (DAR). While the analytical technique used in testing the hypothesis is the Paired Sample T-Test and the Wilcoxon Sign Rank Test in the SPSS (Statistical Package for Social Science) program. Research finding shows significant differences in Net Profit Margin (NPM), Gross Profit Margin (GPM), Operating Profit Margin (OPM), Return on Equity (ROE), and Return on Assets (ROA) before and during the Covid-19 pandemic.
 Keywords: Covid-19, Financial Performance, Liquidity Ratio, Profitability Ratio, Solvency Ratio, Indonesia

Comparative Analysis of Financial Performance Before The Pandemic and During

In 2020, the corona virus that hit China has spread throughout the country, causing a worldwide pandemic. Global pandemic conditions will certainly affect financial performance in every industrial sector and an example is the pharmaceutical industry. The pharmaceutical industry has different financial performance conditions in response to the impact of the pandemic, including the pharmaceutical industry in Indonesia. Thus the purpose of this study was to compare the financial performance of the period before the pandemic and during the pandemic used in this study were pharmaceutical companies registered in Indonesia. The research method used is comparative quantitative. This study uses secondary data by utilizing financial reports. The number of samples is 10 go public firms of pharmaceutical companies on the Indonesian Stock Exchange (IDX). The documentation method is used to collect data. The analytical tool used in this study is to use liquidity ratios, solvency ratios, activity ratios and profitability ratios which are tested differently with the pair sample t-test. Based on the results of different tests with the pair sample t-test, it was found that differences in financial performance before and during the pandemic indicated by the ratio of total asset turnover had significant differences in financial performance, while the debt to equity ratio, current ratio, and net profit margin did not show any differences in financial performance significant.

Analisis Komparasi Kinerja Keuangan Perbankan Syariah di Indonesia dan Malaysia Menggunakan Pendekatan Maqashid Shariai Index

This research was conducted to analyze the performance of Islamic banking in Indonesia and Malaysia using the Maqashid Sharia Index. The research used Simple Additive Weigting method and independent analysis t-test. From this research it can be concluded that the performance value of Islamic banking in Indonesia using the Maqashid Sharia Index in 2014-2018 is 1.534 and Malaysia is 0.823. Based on the analysis of the independent t test, there is a significant difference between the average value of Islamic banks in Indonesia and Malaysia with a value of Tcount 2.819>Ttable 2.306, MSI's first goal is to obtain T-count value of 1.189 <2.306. The second objective of MSI is to get the T-count value of 2.327> 2.306. The third objective of MSI with T-count value of 1.856 <2.306 T table. This means that there is a significant difference in financial performance with MSI in Indonesia and Malaysia.

Does capital structure affect the differences in the financial performance of small enterprises?

Capital structure refers to the combination of debt and equity that the company uses to finance overall operations and growth. One of the most common problems of small enterprises is difficult access to various sources of financing, which is certainly reflected in their capital structure. Deciding on capital structure is one of the most important activities in the company, given that it significantly determines the performance of the company, but also the competitiveness and sustainability of the business. The aim of the study was to investigate whether there is a significant difference in financial performance between enterprises belonging to different leverage levels. Financial leverage was calculated by dividing total debts to total assets and based on leverage the companies are divided into 3 groups. Using ANOVA analysis, we found that the only difference in financial performance indicators was observed with NPM (but with a small effect size: eta square = 0.0470), whereas no statistically significant difference was observed between the groups in the ROE and ROA indicators.

RECENT TIE UP OF SBI WITH ITS ASSOCIATES: A PROBE OF PRE AND POST-MERGER ATTAINMENT THROUGH THE LENS OF CAMELS FRAMEWORK

The term ‘merger’ signifies the joining of two or more business concerns into a single one mainly with the purpose of generating much more effective output. But, sometimes these tie up events are done to absorb the weak entity with intention to cover up these sick entity’s loopholes. Merger in banking sector is now a latest trend to take over weak banks and enhance its business capability with capturing a huge portion of competitive market. In simple terms, banks are unified to enjoy the synergy benefits of the merger. State Bank of India which is currently the most popular one public sector bank of India also witnessed such kind of consolidation events primarily with its subsidiaries banks. The almost latest tie up deal of SBI with its five subsidiaries banks & Bharatiya Mahila Bank occurred on 1st April 2017 is the center point of this study around which analysis is rotating with the intention to examine the impact of consolidation on this largest bank’s performance through the lens of CAMELS framework. This article is purely based on secondary data and all the required facts & figures are congregated from ‘CAPITALINE- 2000 Database’. Three years pre tie up phase (i.e., from 2014-15 to 2016-17) & three years post tie up phase (i.e., from 2017-18 to 2019-20) of State Bank India are explored in this study. The findings of the study confirms that State Bank of India has failed to enjoy the benefits of merger as it take over its own associate banks which are already have high non- performing assets. Ratios related to capital adequacy do not point any remarkable improvements in post-merger phase. Similarly, bank has failed to improve its assets quality. Except Business per Employee all the management efficiency ratios have not gained enough mileage. Overall earnings capacity and liquidity of the bank has also deteriorated after merger. As a whole it can be opined that merger has not made any significant difference in financial performance of SBI, at least in short run. KEYWORDS: Merger & Acquisition, CAMELS, Assets Quality, Sensitivity, Banking Sector

PERBANDINGAN KINERJA KEUANGAN TAMAN SATWA TARU JURUG DENGAN PT. PEMBANGUNAN JAYA ANCOL TBK

The tourism industry can be a foreign exchange earner in a country including Indonesia. Educational tourism such as a zoo among which must be considered and maintained because it is related animal life and its habitat. Then it needs to be taken into financial performance, because it concerns about the needs of feed, maintenance and cleanliness and their business sustainablelity. This research was conducted to determine the comparison of financial performance between Taman Satwa Taru Jurug which is a city government company with PT. Pembangunan Jaya Ancol Tbk, which has been listed on the Exchange Indonesian effect. Variables used to compare is liquidity ratios (CR and CAR), solvency ratios (DAR and DER), ratios profitability (ROA and ROE), activity ratio (TATO and ITO). This study uses non parametricfor 2 independent sampels, the Mann Whitney U Test. The results of this analysis, each ratio in the two companies showed a value of sig>0.05 which means there was no significant difference in financial performance between Jurug Wildlife Park and PT. Pembangunan Jaya Ancol Tbk.. Keywords : comparison of financial performance, financial ratios, and tourism industry

ANALYSIS OF DIFFERENCES IN CORPORATE VALUES AND FINANCIAL PERFORMANCE THREE MANUFACTURING INDUSTRY SECTORS LISTED ON THE INDONESIA STOCK EXCHANGE

The purpose of this study was to obtain empirical evidence of differences in corporate value and financial performance of the three manufacturing companies listed on the Indonesia Stock Exchange. The sample in this study were 60 manufacturing companies listed on the Indonesia Stock Exchange from 2015 to 2017. Sampling techniques were purposive sampling. The division of sector 1 consists of cement companies, basic chemicals, porcelain and glass, metals, plastics and packaging, animal feed, wood and pulp, for sector 2 consists of machinery and heavy equipment companies, automotive and its components, textiles and garments, bedding feet and cable. Whereas for sector 3 consists of consumer goods, namely tobacco, cosmetics, pharmaceuticals and household appliances. Data analysis techniques consist of normality testing and different Paired Sample Test tests.Research results prove that based on Differential Test Paired Sample Test sectors 1 and 2. Manufacturing Companies listed on the Stock Exchange have significant differences in financial performance seen from the Current Ratio and Debt Equity Ratio while from Earning per Share, Net Profit Margin and Expencess On Sales there is no difference . Based on the Different Test Paired Sample Test is seen from the Earning Per Share ratio there is a significant difference in financial performance between Sector 1 and sector 3. Based on the Different Paired Sample Test seen from the Debt Equity Ratio, there are significant differences in financial performance between Sector 1 and sector 3 ... There are also significant differences in the financial performance of sectors 2 and 3 from the point of view of Earning Per Share. Based on the Different Paired Sample Test Test, there was no difference in company values in the three manufacturing companies listed on the Indonesia Stock Exchange.

Sustainable Retail Investing: Motivations, Portfolio Consequences and the Role of ESG Ratings

This study examines the effect of sustainability ratings on wealthy retail investors’ asset allocation decisions. Using a proprietary dataset of monthly equity and bond holdings of European private wealth investors, we document significantly larger investment flows into assets with high sustainability ratings compared to those with low ratings. We further find that investors react to changes in sustainability ratings of their portfolio assets by rebalancing their portfolios towards assets with higher sustainability ratings. Exploiting a quasi-exogenous shock to the salience of sustainability ratings we document a plausibly causal effect of assets' sustainability ratings on wealthy retail investors' investment decisions. We do not find that the larger investments into assets with high sustainability ratings can be explained by differences in attention or news flow, or that they lead to significant differences in financial performance.

Analisis Komparasi Kinerja Keuangan pada PT. Bank Negara Indonesia (Persero) Tbk dan PT. Panin Bank Periode 2014-2018

In measuring the soundness of the bank, Bank Indonesia uses the financial ratio of the CAMELS model (Bank Indonesia Regulation No. 6/10 / PBI / 2004) concerning the Commercial Bank Soundness Rating System. The purpose of this research is to find out the significant differences in financial performance between PT. BNI, Tbk with PaninBank and the dominant variable as a differentiator of significant financial performance between PT. BNI, Tbk with PaninBank. The data analysis method used in this study is two different tests independent sample. The results showed that of the 5 variables, there were only two variables that were not statistically different, namely Capital Adequacy Ratio (CAR) (X1) and Loan to Deposit Ratio (LDR) (X5) while the different variables were Return On Risked Asset (RORA) ( X2), Net Profit Margin (NPM) (X3) and Return On Assets (ROA) (X4)

ANALISIS PERBANDINGAN KINERJA KEUANGAN BANK SYARIAH DENGAN MENGGUNAKAN INCOME STATEMENT APPROACH DAN VALUE ADDED APPROACH

Abstract
 This study was conducted on Islamic Banking in Indonesia. The direction of this study to analyze financial performance of Islamic banking with income statement approach and value added approach. Population in this study is the 13 islamic Banks. The sample is taken using purposive sampling with specified criteria resulting 6 islamic Banking in Indonesia. This study conducted through Paired samples t-test by using SPSS 20. For testing the variable, researcher exercise financial rasio. The results show that : (1) There are significant differences on the ROA ratio if analyzed with income statement approach and value added approach, (2) There are significant differences toward ROE ratio with income statement approach dan value added approach, (3) There are significant differences on the LBAP ratio if analyzed with income statement approach and value added approach, (4) There are significant differences toward NPM ratio with income statement approach and value added approach. The overall results of the study are significant differences in financial performance with income statement approach and value added approach.

ANALISIS PERBANDINGAN KINERJA KEUANGAN BANK SYARIAH DI INDONESIA, MALAYSIA, BRUNEI DAN THAILAND PERIODE 2011-2016

Comparing the financial performance of banks with other countries would show if the different standards and regulations affect their performance. This research aims to know if there is a significant difference in financial performance of sharia banks between Indonesia, Malaysia, Brunei and Thailand during 2011-2016. The samples used in this research consist of one sharia bank from each country: Bank Syariah Mandiri, Maybank Islamic Berhad, Bank Islam Brunei Darussalam and Islamic Bank of Thailand. This research uses a comparative quantitativeapproach using Non Performing Financing (NPF), Financing to Deposit Ratio (FDR), Return on Asset (ROA), and Capital Adequacy Ratio (CAR) as variables to indicate financial performance. One-Way ANOVA is used as the analysis technique. Results of the ANOVA test show there is a significant difference in NPF, FDR, ROA and CAR between sharia banks in Indonesia, Malaysia, Brunei and Thaiand as indicated by a significance value of 0,000 and 0,002.

The Affect Of The Asean China Free Trade Agreement (Acfta) On The SME's Performance

This research is aimed to analyze the influence of ASEAN-China Free Trade Agreement (ACFTA) on the financial performance of SMEs in Sidoarjo. The financial performance of SMEs in this study was measured by the level of sales comparation between the period before and after ACFTA. This research applied mix method technique with squids mixed method strategy, especially sequential explanatory strategy. It is a strategy for the researchers to combine the data that was found from one method with the other method. The steps were begun with the researcher collecting the quantitative data by performing different test or Paired samples T-test then continued with collecting the qualitative data by doing library research. The results show that there are significant differences in financial performance; first, it is seen from the sales between before and after ACFTA, and second, it is proven that that the existence of ACFTA significantly affects the sales rate of SMEs.