FINANCIAL PERFORMANCE PAPER, COMPLIANCE AND MARKET RESPONSE TO THE FINANCIAL STATEMENT AT THE PUBLICLY LISTED AND NON-PUBLICLY LISTED SECURITIES COMPANY

Abstract

The role of the capital market and financial institutions below it in the Indonesian economy will be increasingly important given the need for funds needed to maintain an increasingly rapid rate of economic growth. The purpose of this study is to analyze differences in financial performance, compliance and market reaction to the submission of financial statements to the open and closed securities companies for the 2013 – 2017 period using the comparative method used in this study is the Mann Whitney U Test and the Wilcoxon Rank Test. This research variable uses financial ratios including liquidity, solvency, and profitability, the date of submission of financial statements, the volume of trading transactions and publicly listed securities companies as Stock Exchange Members. This study uses descriptive and panel data analysis. The results of the study show that the average financial performance of open securities companies is better compared to closed securities companies, although with a smaller transaction volume. In general, the two groups of securities companies have the same level of compliance in delivering financial statements with in the specified time limit.

Authors and Affiliations

Keywords

Related Articles

THE RELATIONSHIP BETWEEN CONFLICT AND INTENTION TO QUIT

The present study examines the relationship between conflict and employees’ intention to quit from the organizations. Forty eight bottom level employees from private sector were selected for the purpose of the study as t...

CORPORATE GOVERNANCE IN EMERGING MARKET ECONOMIES: THE THEORY BEHIND CORPORATE GOVERNANCE AND ITS PRACTICAL APPLICATION IN THE BRICS COUNTRIES –ANALYSIS OF THE BRAZIL EXAMPLE

This article examines the role of corporate governance regulations in the emerging market economies giving a critical analysis of the example of a BRICs country - Brazil. The article presents a study of the theoretical a...

BIOLOGICAL TEACHERS’ MOTIVATION BASED ON SCHOOL LEADERSHIP AND SELF-EFFICACY

Biology teacher needs to have motivation in delivering learning material related to school leadership and self-efficacy. That is why the objective of this research is to analyze the relationship between school leadership...

TO STUDY AND ANALYSIS OF PV CELLS SYSTEM WITH PWM DURING VARIOUS TIME

In this paper, we are studies the PV cells without Load and with Load as 1Amp. 3Amp, 5Amp. The PV cells are generated the Electrical power in the form of D.C.. The generated electrical power by PV Cells are increase and...

ANALYSIS OF CRUDE PALM OIL (CPO) PRODUCTION VOLUME AND PRICE ON PROFITABILITYAND ITS IMPACT ON STOCK RETURNS

This study aims to examine and analyze the effect of production volume and crude palm oil (CPO) prices on profitability (proxied by return on assets, ROA) and its impact on stock returns (proxied by capital gains) in pla...

Download PDF file
  • EP ID EP663633
  • DOI 10.5281/zenodo.3497470
  • Views 117
  • Downloads 0

How To Cite

(2019). FINANCIAL PERFORMANCE PAPER, COMPLIANCE AND MARKET RESPONSE TO THE FINANCIAL STATEMENT AT THE PUBLICLY LISTED AND NON-PUBLICLY LISTED SECURITIES COMPANY. INTERNATIONAL JOURNAL OF ENGINEERING TECHNOLOGIES AND MANAGEMENT RESEARCH, 6(10), 11-23. https://europub.co.uk/articles/-A-663633