ANALYSIS OF FINANCIAL PERFORMANCE IN A FORM OF FINANCIAL RATIO BEFORE AND AFTER RIGHT ISSUE AT THE INDONESIA’S STOCK EXCHANGE (BURSA EFEK INDONESIA)
Irham Fahmi, Mulia Saputra

Abstract
The research goal is for analysis financial performance in form company financial ratio before and after right issue is done in the companies that go public in Indonesia Stock Exchange to in 2008. The financial ratios as in this research are liquidity, solvency, and profitability. The firm to be population in the of research consists 20 firms, financial report data required in this research included in 2006-2007 ( two year after right issue) and financial report in 2009-2010 (two year before right issue). While to statistic test used Wilcoxon matched-pairs signed-ranks test. As hypothesis used in this research that is a significant difference between financial performance before and after right issue. The result, shows there is differenly significant ratio of liquidity, solvency, and profitability in two term of the year before (2006-2007) and two term of the year after ( 2000 and 2001) right issue . The liquidity happened to increase having a meaning two term of the year after of this right issue caused by company get included of it fund addition of right issue. Solvency refers to create of solvency ratio after right issue (2009-2010) but the in creating of it is different compared to period of 2006-2007. While the profitability ratio, ther is no creasing at in the periode of 2009-2010 after right issue, because the very possible use the fund to finance long term investment and to solvency the liabilities which dealine as well.

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