CORPORATE PERFORMANCE OF FINANCIAL SECTOR LISTED IN INDONESIA STOCK EXCHANGE

Abstract

This research fills the gap for a study of the Indonesian financial sector performance during the slowdown economic condition affected by the global financial crisis to determine the prevailing corporate performance level.This study is limited to financial sector which are continuously listed in the Indonesia Stock Exchange (IDX) for three consecutive years of 2007 to 2009.The published annual reports of 45 sample companies for respective years were used and analyzed using descriptive statistics and analysis of variance to answer the research problem. The results indicate that amid the enduring global economic crisis, financial institution in Indonesia successfully maintained their business effectiveness and the insurance sector's productivity is better than bank, financial institution, securities and others.  With respect to  market performance, Bank group is better than the four non-bank financial institutions. For the three consecutive years, the three corporate performance indicators (EPS, ATO, MB) reveal the same condition.