ANALISIS KOMPARASI PROFITABILITAS UKM SEBELUM DAN SESUDAH GO PUBLIK DI BURSA EFEK INDONESIA

Abstract

This study aims to determine the difference between the profitability of SMEs before and after initial public offering. Research is descriptive research with a case study approach. Data were analyzed using a quantitative approach. Variable used consists of net profit margin, return on assets, return on equity. Research object is PT. Golden Retailindo Tbk periods 2008-2009 and 2011-2012. The results showed that all profitability ratios indicate no significant difference after IPO. From Kruskall-Wallis test showed no differences in performance were significantly the profitability ratios in the three-year period before and after the IPO.
Keyword: SMEs, Initial Public Offering, Profitability ratios