Difference Tests of Financial Performance before and after the Regulation of the Minister of Finance Number 29 Concerning Asset Revaluation

Abstract

: This research conducted two different tests of financial performance in the manufacturing industry in Indonesia. The purpose of the first test is to find empirical proof of the difference in financial performance before and after the Regulation of the Minister of Finance Number 29 Concerning Asset Revaluation. The purpose of the second test is to test the difference in financial performance when the company implements the revaluation method when the Minister of Finance Regulation Number 29 is still valid, compared to after the regulation is no longer valid. In this study, the financial performance used five proxies tested: operating profit margin (OPM), debt-to-equity ratio ( DER), total asset turnover (TATO), return on assets (ROA)