COMPARATIVE PERFORMANCE ANALISIS BETWEEN OLD AND NEW MANAGEMENT SYSTEM OF FOUNDATION BANDUNG ADVENTIST UNIVERSITY OF INDONESIA (BAUI)

The purpose of this research is to investigate whether or not under the new management system of Bandung Adventist University of Indonesia give a significant improvement to financial performance and to student body . The BAUI was evaluated over the time period 2007 to 2013, using panel data and time-series analysis. Research methodology was to count means, standard deviations and making analysis the difference between performance before and after the implementation of new management system of Bandung Adventist University of Indonesia using paired sample t - test with significant level at α = 0.05/2 using SPSS for all analysis of variable financial ratios. Based on empirical findings, after new management system of Bandung Adventist University shows that cash ratio and debt ratio increased significantly. It means cash availability was much bigger significantly after the new management system. But at the same time, debt was also increase significantly after new management system. while all other financial measures such as return on sales, return on assets, return on equity, current, quick and total assets turnover have no difference of performance significantly. Over all, the change of new management system contributed no improvement to Bandung Adventist University of Indonesia, however there is no significant difference between the number of students before and after the new management system (0.237) at α = 0.05/2.Keywords: Financial Ratios, Evaluation, Bandung Adventist Hospita