PERBANDINGAN KINERJA KEUANGAN PADA SEKTOR KEUANGAN DAN PERDAGANGAN, JASA, & INVESTASI YANG TERDAFTAR DI PT BURSA EFEK JAKARTA SEBELUM (1994-1996) DAN SELAMA (1997-2001) KRISIS EKONOMI DENGAN MENGGUNAKAN PENDEKATAN ACCOUNTING-BASED DAN MARKET-BASED

Ernawati, Endang and Loebiantoro, Ika Yanuarti (2004) PERBANDINGAN KINERJA KEUANGAN PADA SEKTOR KEUANGAN DAN PERDAGANGAN, JASA, & INVESTASI YANG TERDAFTAR DI PT BURSA EFEK JAKARTA SEBELUM (1994-1996) DAN SELAMA (1997-2001) KRISIS EKONOMI DENGAN MENGGUNAKAN PENDEKATAN ACCOUNTING-BASED DAN MARKET-BASED. In: Proceeding Call for Paper Seminar : Building Competitive Advantage Through Effective Cross Cultural Management, 17-18 Maret 2004, Fakultas Ekonomi Universitas Surabaya.

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Abstract

The economic condition of Indonesia has declined since financial crisis in mid of 1997. Indonesian Rupiah has been depreciated sharply againts American Dollar and it caused rising in inflation and interest rate. Two of nine sectors that have been affected by financial crisis are financial sector and trade, service, and investment sector. Those two sectors are very closely related. Banking as one of sub-sector in financial sector has an important role as a generator to trade, service and investment sector. Meanwhile, from the investor's point of view, financial performance of a firm is become the most important factor that should be condered before making investment decision. Financial performance can be measured by two approaches. Those are accounting-based and market-based. The difference is only at the measurement tools that will be used. Accounting based uses financial ratios, while market-based uses market return as a basis to make an analysis of firm's financial performance. There are three methods in market-based approach: Sharped method, Jensen method, and Treynor method. This research is classified as a descriptive research and has an objective to compare the financial performance between financial sector and trade, service and investment sector based on accounting-based and market-based before and during financial crisis. T-test was used in hipothesis testing. The result of this research shows that there is a significant difference in financial performance between those two sectors based on accounting-based and market-based before and during financial crisis.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Financial performance, financial ratio, market return
Subjects: H Social Sciences > HJ Public Finance
Divisions: Faculty of Business and Economic > Department of Management
Depositing User: Eko Setiawan 194014
Date Deposited: 04 Apr 2012 03:00
Last Modified: 04 Apr 2012 03:00
URI: http://repository.ubaya.ac.id/id/eprint/283

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