Ridwan Nurazi_19215235251

PUBLIC ATTENTION AND FINANCIAL INFORMATION AS DETERMINANTS OF FIRMS PERFORMANCE IN THE TELECOMMUNICATION SECTOR

Ridwan Nurazi
Berto Usman
Faculty of Economics and Business, University of Bengkulu
Jl. WR. Supratman Kandang Limun, Bengkulu, 38371, Indonesia

Korespondensi dengan Penulis:
Ridwan Nurazi: Telp. + 62 736 21170; Fax. +62 736 22105
Email: ridwan_nurazi@yahoo.co.id

Abstract
The remarkable progress of information technology had driven every firm to publish their financial performance by using internet. This circumstance resulted in the high public attention in order to generate the stock return. In addition, financial information such as financial ratio namely DER, LEV, NPM, ROI, and ROE were supposed to influence the firm’s performance either in positive or negative effects. This study focused on the investigation of public attention (PA) and financial information as determinants of financial performance on four companies in Telecommunication sector, Indonesia Stock Exchange (IDX), within time period from 2007 to 2012. Hereby, we pointed out that public attention and financial information considerably contribute to firm performance, in which the Pooled Least Square (EGLS) with cross section and period weight was employed. The results showed that Public Attention (PA) positively contributed towards stock return. Further, financial ratio such as debt-to-equity ratio (DER) negatively influenced the return. Leverage (LEV), net profit margin (NPM) and return on investment (ROI) positively related to return. However, return on equity (ROE) showed the contrary sign, in which it negatively influenced the return but was statistically insignificant. Then, we reported that the stock price (LNSP) did not significantly contribute towards return (RET).

Keywords: public attention, financial information, financial ratios, firm performance, return.

19215235251_Ridwan Nurazi (Full Text)

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Suherman_191153040

KINERJA JANGKA PANJANG DAN LIKUIDITAS PASCA IPO DI PAPAN UTAMA DAN PENGEMBANGAN BURSA EFEK INDONESIA

 Suherman

Prodi Manajemen Fakultas Ekonomi Universitas Negeri Jakarta

Jl.Rawamangun Muka No.1 Rawamangun, Jakarta Timur, 13220, Indonesia.

  •  Korespondensi dengan Penulis:
  • Suherman: Telp.+62 21 4721 227
  • E-mail: suherman@feunj.ac.id

Abstract

The purposes of this study were to examine and to compare the long-term performance of IPO firms on main and development boards and to determine and to compare the liquidity of IPO firms on main and development boards. The sample of this study covered 59 IPO firms consisting of 32 firms listed on main board and 27 firms listed on development board between 2010 and 2012. The results showed that one, two and three-years after IPO, the long-term performance of IPO firms on the main and development boards were not statistically different, and one year after IPO, the liquidity of  IPO firms on the main and development boards were not statistically different.

 Keywords: development board, firm performance, IPO, liquidity, main board

191153040_Suherman (Full TexT)