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Journal : ARBITRASE: JOURNAL OF ECONOMICS AND ACCOUNTING

Analisis Perbedaan Kinerja Keuangan Sebelum dan Sesudah Mengakuisisi Tiara Putri Permana; Riyanti; Budi Wahyudi; Dini Dwi Ermawati
ARBITRASE: Journal of Economics and Accounting Vol. 6 No. 1 (2025): July 2025
Publisher : Forum Kerjasama Pendidikan Tinggi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/arbitrase.v6i1.2548

Abstract

An acquisition is a merger of two companies in which the acquiring company buys part of the shares of the acquired company, so that the management control of the acquired company is transferred to the acquiring company, while the two companies each continue to operate as an independent legal entity. The purpose of the acquiring company acquiring a company includes expanding the company's business, increasing the company's synergy, etc. In this case, the purpose of PT Sumber Alfaria Trijaya, Tbk acquiring PT Global Loyalty Indonesia is to strengthen the synergy of the joint member point program (membership program) developed by PT Global Loyalty Indonesia. This study aims to analyze the financial performance before and after the acquisition. The subject of this research is PT Sumber Alfaria Trijaya, Tbk. which acquired PT Global Loyalty Indonesia. Descriptive and quantitative research methods using the Financial Ratio Analysis method, namely Liquidity, Solvency, Activity, and Profitability. Data analysis techniques use normality tests, descriptive statistical tests and different tests. The data used in this study are the financial statements of PT Sumber Alfaria Trijaya, Tbk. before the acquisition (2015-2018) and after the acquisition (2020-2023). The results showed that the majority of ratios did not differ between before and after the acquisition, which means that the purpose of PT Sumber Alfaria Trijaya, Tbk acquiring PT Global Loyalty Indonesia has not been fully successful during the study period.
Nilai Perusahaan dan Faktor-Faktor yang Mempengaruhinya: Analisis Likuiditas, Profitabilitas, Solvabilitas, dan Ukuran Perusahaan Dassaad; Zulhida Tiara Bumi; Riyanti; Dyah Palupi
ARBITRASE: Journal of Economics and Accounting Vol. 6 No. 1 (2025): July 2025
Publisher : Forum Kerjasama Pendidikan Tinggi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/arbitrase.v6i1.2549

Abstract

This study aims to find out and analyze the influence of Liquidity, Profitability, Solvency, Company Size on Company Value in Food and Beverage Sub-Sector Manufacturing Companies listed on the Indonesia Stock Exchange for the period of 2019-2023. The data in this study is secondary data in the form of annual reports obtained from the official website of the IDX and each company. The independent variables in this study are Liquidity, Profitability, Solvency, and Company Size. The dependent variable is the Company Value. The theory in this study uses is signalling theory. The method in this study uses a quantitative method. The data analysis technique uses multiple linear regression where previously the data has been tested using descriptive statistical tests, classical assumption tests and using different tests. The results of this study show that partially Liquidity negative affect and Profitability positive affect the value of the company. Meanwhile, Solvency and Company Size have no effect on the company's value.