How the Financial Performance Works? A Comparative Study in State-Owned and Private-owned Telecommunication Companies
Abstract
This study aims to identify and analyze the comparison of the financial performance of state-owned and private-owned telecommunications companies. The population in this study are state-owned and private-owned telecommunications companies in Indonesia that are listed on the Indonesia Stock Exchange in 2008-2021. This is case study on PT Telekomunikasi Indonesia Tbk and PT Indosat Tbk. Data analysis techniques in this study used the independent sample t-test and Mann–Whitney. The results of the analysis found that there were significant differences in the financial performance of state-owned and private companies seen from the ratio of Return on Assets, Current Ratio, Total Debt to Total Assets, Total Assets Turnover Ratio, and Earning Per Share.
Keywords: ROA, CR, DAR, TATO, EPS
DOI: 10.7176/RJFA/14-13-04
Publication date:July 31st 2023
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ISSN (Paper)2222-1697 ISSN (Online)2222-2847
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