Fundamental Perusahaan dan Kinerja Operasi Perusahaan yang Melakukan Penawaran Umum Perdana

Abstract

There are differences of company\u27s motivation in order to issue their securities in capitalmarket. They have to inform publicly their corporate announcement, including financialreport as a way of public surveillance. Company with good fundamental position willget good quality in initial public offering (IPO), as well. Moreover, the quality of IPOwill influence operation performance of company which issues securities.This paper will briefly stress the performance of companies which issue initial offeringwith several measurements. The result shows that companies which offer initial securitiespublicly decreasingly in operation performance. This research gives consistent resultin different measurement that the decreasing condition exists during three years afterIPO. To sum up, the funding raise from IPO is mostly used to increase the productioncapacity by additional assets or asset modernization in aims to improve thecompetitiveness and to pay their liability, respectively.Key words: company fundamentals, initial public offering, operating performanc