THE EFFECT OF ECONOMIC CRISIS IN UNITED STATES TOWARDS THE PROPERTY SECTOR COMPANIES LISTED IN THE INDONESIA STOCK EXCHANGE: A FINANCIAL STATEMENT ANALYSIS

Abstract

The economic crisis on America has affecting the world’s economy and the companies operated in various part of the world. Indonesia as part of the world economy also received the end-result of the crisis. However, how far the economic effecting Indonesia and the company’s operated in the country. Property industry is one of the industry sector listed in Indonesian Stock Exchange that represents the growth of property development of the country. The research is trying to look on the effect of economic crisis on America towards the Construction Companies listed in the Indonesian Stock Exchange based on Financial Statement Analysis. The results indicated that there is no significant difference in terms of financial ratios of PT. Jaya Konstruksi, PT. Wijaya Karya, PT. PP, PT. Surya Inter Nusantara, and PT. Total BP pre and post economic crisis in United States of America. However, analysis on PT. Adhi Karya resulted in significant difference of financial ratios in terms of liquidity (Ï CR = 0.02) and profitability ratios (Ï ROA = 0.02; Ï ROE = 0.01) pre and post economic crisis in United States of America.
Keywords: Economic Crisis, Financial Ratio, Financial Statement Analysis, Construction Sector, Property, Indonesian Stock Exchange