THE EFFECTS OF PRESIDENT DECREE NO.55 YEAR 2019 ON THE FINANCIAL PERFORMANCE OF CAR DISTRIBUTORS IN INDONESIA A CASE STUDY OF ASTRA INTERNATIONAL TBK AND PT INDOMOBIL SUKSES INTERNASIONAL TBK

• Main Author: Raditya, Bagoes
• Format: Theses
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/74434
• Institution: Institut Teknologi Bandung

Indonesia has moved towards energy efficiency, sustainable energy, and energy conservation in the transportation sector to achieve the goal of reaching net zero emissions by 2060. Moreover, the validation of President Decree Republic of Indonesia no.55/2019 encourages the growth of battery electric vehicles in Indonesia. However, the validation of the decree can be a challenge to car distributors in Indonesia that mainly focuses on fossil-fueled vehicles. The purpose of this research is to analyze the financial performance of listed vehicle distributors in Indonesia and to examine the significant differences between before (2016-2018) and after (2019-2021) validation of the Decree. The objects of this research are PT Astra International Tbk and PT Indomobil Sukses Internasional. The data was collected from companies’ financial reports. The data will be examined using descriptive financial ratio analysis of the companies, and paired t-test is applied to examine the significance before and after the validation of the decree. The result shows that the validation of the Presidential Decree does not significantly affect the most of financial ratios of both companies. Although Astra International Tbk is classified as Healthy and Indomobil Sukses is classified as less healthy, the result shows that there is no significant difference between before and after the validation of the Presidential Decree, there are still opportunities for both companies to improve their performance in the future.