DAMPAK MERGER DAN AKUISISI TERHADAP KINERJA KEUANGAN PERUSAHAAN

Mia Kurniati; Asmirawati Asmirawati

doi:10.33747/capital.v3i2.120

Mia Kurniati Universitas Islam Indonesia
Asmirawati Asmirawati Universitas Islam Indonesia

DOI: https://doi.org/10.33747/capital.v3i2.120

Keywords: Financial performance, Mergers and acquisitions, Wilcoxon rank test

Abstract

Abstract

This study aims to analyze the impact of mergers and acquisitions on the financial performance of publicly traded companies listed on the Indonesian stock exchange that conducted mergers and acquisitions from 2006 to 2015. This study uses six financial ratios, namely return on equity (ROA), net profit margin (NPM), quick ratio (QR), debt to asset ratio (DAR), total asset turn over (TATO) and price earning ratio (PER). The analytical method used in this research is nonparametric analysis using the Wilcoxon rank test. The Wilcoxon rank test is a nonparametric analysis that compares two paired samples. This study compares the company's financial performance one year before mergers and acquisitions with one year after mergers and acquisitions. The results showed that there were significant differences in the ROA and NPM values. Then on the values of QR, DAR, TATO and PER there is no significant difference between before and after mergers and acquisitions.

Author Biographies

Mia Kurniati, Universitas Islam Indonesia

Universitas Islam Indonesia

Asmirawati Asmirawati, Universitas Islam Indonesia

Universitas Islam Indonesia