PROFIL KINERJA KEUANGAN PERUSAHAAN PUBLIK DI BURSA EFEK JAKARTA
Budi, lchsan Setiyo (Adv.Prof. Dr. Mas'ud Machfoedz, MBA.), Prof. Dr. Mas'ud Machfoedz, MBA.
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Monetary crisis has attacked the Indonesia country since the middle of 1997. Almost al1 companies listed in Jakarta Stock Exchange (JSE) have dropped their financial performance since then. More than sixty percent of companies listed did not or did not dare to publish their mandatory annual financial statements to avoid publishing their poor performance. The question that was relevant to be raised are the the poor financial of companies listed in JSE caused by the sudden crisis or by long experience of poor financial performance?
This study intents to answer the above question, whether the crisis or longtime of poor financial performance caused the company financial problems. Samples were taken from companies listed in JSE and classified in four sector (Mas'ud, 1999a). Pooled timeseries data consist of 134 for 38 companies in sector one and 32 companies in sector two, three, and four. The parametric and non parametric statistics method of I-lest, Wicoxon Signed Ranks Test, and Friedman Test were used to test the hypothesis_
The results indicate that sector three have the weakest financial performance, followed by sector one, four and two, when they are compared to the empirical standards of financial performance. Their financial performance have weak before crisis so the crisis caused them more poor. This study used the standards of financial performance that were used by Mas'ud (1999b). Intuitively, this study concluded that poor financial performance have already long been suffered by companies listed in .ISE before the monetary crisis, the crisis has just opned the hidden problems.
Kata Kunci : financial performance, empirical standards, poor performance, monetary crisis, sudden crisis
