Irma, Irma and Antong, Antong and Rismawati, Rismawati (2025) The Impact of Rights Issues on Capital Structure and Profitability of Banking Companies Listed on the Indonesia Stock Exchange: A Comparative Analysis Before and After Rights Issues. The Impact of Rights Issues on Capital Structure and Profitability of Banking Companies Listed on the Indonesia Stock Exchange: A Comparative Analysis Before and After Rights Issues, 4 (3). pp. 519-535. ISSN E-ISSN: 2808-263X
![[img]](http://repository.umpalopo.ac.id/style/images/fileicons/image.png) |
Image (Sampul)
SAMPUL_211130014.pdf - Cover Image Download (170kB) |
![[img]](http://repository.umpalopo.ac.id/style/images/fileicons/text.png) |
Text (Artikel)
ARTIKEL_211130014.pdf - Published Version Download (346kB) |
|
Text
HASIL TURNITIN_211130014.pdf - Supplemental Material Download (776kB) |
![[img]](http://repository.umpalopo.ac.id/style/images/fileicons/other.png) |
Other (Link Artikel)
412 - Additional Metadata Download (77kB) |
Abstract
This study investigates the impact of rights issues on the financial performance of banking companies listed on the Indonesia Stock Exchange (IDX) from 2019 to 2023. Using a comparative analysis of key financial ratios— Current Ratio (CR), Debt-to-Equity Ratio (DER), Return on Assets (ROA), Net Profit Margin (NPM), and Price-to-Earnings Ratio (PER)—this research analyzez secondary data from the financial reports of banks conducting rights issues. Parametric and non-parametric statistical tests are employed to compare performance before and after the rights issues. The findings reveal that rights issues significantly improve liquidity (CR) and market valuation (PER) while reducing reliance on debt (DER). However, profitability ratios (ROA and NPM) decline, indicating inefficiencies in asset utilization and operational performance. The results align with the Signaling Theory and Pecking Order Theory, suggesting that rights issues send positive market signals but require better capital management to enhance profitability. This study contributes to the literature by providing sector- specific insights into the banking industry in an emerging market context, offering valuable implications for management and investors.
| Item Type: | Article | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Contributors: |
|
|||||||||
| Uncontrolled Keywords: | Rights Issues, Financial Performance, Banking Sector, Indonesia Stock Exchange, Capital Structure | |||||||||
| Subjects: | L Education > L Education (General) | |||||||||
| Divisions: | Fakultas Ekonomi dan Bisnis > Akuntansi | |||||||||
| Depositing User: | irma rusli | |||||||||
| Date Deposited: | 24 Jun 2025 05:45 | |||||||||
| Last Modified: | 24 Jun 2025 05:45 | |||||||||
| URI: | http://repository.umpalopo.ac.id/id/eprint/5539 |
Actions (login required)
 |
View Item |
