Febrian, Febby
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ANALISIS RETURN SAHAM PADA PERUSAHAAN GO PUBLIC SEBELUM MERGER DAN AKUISISI DAN FAKTOR DETERMINAN Febrian, Febby; Galuh, Ajeng Kartika
Contemporary Studies in Economic, Finance and Banking Vol. 3 No. 4 (2024)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/csefb.2024.03.4.17

Abstract

The major changes that occur as a result of the merger and acquisition phenomenon have the potential to have a significant influence on stock returns. This research aims to determine the influence of determinant factors on stock returns before mergers and acquisitions, determine the influence of determinant factors on stock returns after mergers and acquisitions, and analyze differences in stock returns before and after mergers and acquisitions. This research is included in quantitative research and the type of data used in the research is secondary data from financial reports 2 years before and 2 years after mergers and acquisitions. The sample in this research consisted of 21 companies. The data analysis method used is the panel data regression analysis method and the paired sample t-test. The results of this research are that determinant factors have no effect on stock returns before mergers and acquisitions, determinant factors have an effect on stock returns after mergers and acquisitions and there are differences in stock returns before and after mergers and acquisitions.