KOMPARASI KINERJA KEUANGAN ANTARA KELOMPOK PERUSAHAAN BERTIPOLOGI PROSPECTOR DAN DEFENDER PADA EMITEN SEKTOR MANUFAKTUR DI BURSA EFEK INDONESIA

Authors

  • Felicia Barlian

Abstract

Abstract. The objective of this research in to examine the difference of financing
performance between prospector and defender firms. Four variable used as performance
measures as follows : income growth, sales growth, return on investment, and return on sales.
Life cycle theory is used to analyze the difference between from financing performance
measures. Four variables are used to determine prospector and defender firms : the ratio of
employees to sales, the price-to-book value ratio, the ratio of capital expenditure to market
value equity, and the ratio of capital expenditures to total asset. Based on common factor
analysis and the four other variables, 109 prospector and 109 defender firms are derived from
manufacturing companies listed at Indonesian Stock Exchange from 2011 until 2014. Data of
this research are analyzed using Mann-Whitney U Test. The results showed that each variable
and proxies that are used will be shown mixed results depending on the circumstances ,
conditions and organizational strategies used by these companies.
Keywords: prospector, defender, life cycle theory, financial performance

Downloads

How to Cite

Barlian, F. (2016). KOMPARASI KINERJA KEUANGAN ANTARA KELOMPOK PERUSAHAAN BERTIPOLOGI PROSPECTOR DAN DEFENDER PADA EMITEN SEKTOR MANUFAKTUR DI BURSA EFEK INDONESIA. MIX: JURNAL ILMIAH MANAJEMEN, 5(3). Retrieved from https://publikasi.mercubuana.ac.id/index.php/Jurnal_Mix/article/view/622

Issue

Vol. 5 No. 3 (2015): MIX: Jurnal Ilmiah Manajemen

Section

Articles

License

The copyright to this article is transferred to Universitas Mercu Buana (UMB) if and when the article is accepted for publication. The undersigned hereby transfers any and all rights in and to the paper including without limitation all copyrights to UMB. The undersigned hereby represents and warrants that the paper is original and that he/she is the author of the paper, except for material that is clearly identified as to its original source, with permission notices from the copyright owners where required. The undersigned represents that he/she has the power and authority to make and execute this assignment.

We declare that  this paper has not been published in the same form elsewhere.

Furthermore, I/We hereby transfer the unlimited rights of publication of the above mentioned paper in whole to UMB. The copyright transfer covers the right to reproduce and distribute the article, including reprints, translations, photographic reproductions, microform, electronic form (offline, online) or any other reproductions of similar nature.

The corresponding author signs for and accepts responsibility for releasing this material on behalf of any and all co-authors. This agreement is to be signed by at least one of the authors who have obtained the assent of the co-author(s) where applicable. After submission of this agreement signed by the corresponding author, changes of authorship or in the order of the authors listed will not be accepted.

Retained Rights/Terms and Conditions

Although authors are permitted to re-use all or portions of the Work in other works, this does not include granting third-party requests for reprinting, republishing, or other types of re-use.