Article Per Year (5 Year)
p-Index From 2021 - 2026
3.648
P-Index
This Author published in this journals
All Journal Jurnal Ilmu Sosial dan Humaniora Jurnal Bisnis dan Manajemen Journal of Economics, Business, & Accountancy Ventura Jurnal Ilmiah Mahasiswa FEB JAM : Jurnal Aplikasi Manajemen Wacana, Jurnal Sosial dan Humaniora Ekonomi Bisnis Management and Economics Journal (MEC-J) Jurnal Pengabdian kepada Masyarakat Nusantara Journal of International Conference Proceedings Jurnal Manajemen Pemasaran dan Perilaku Konsumen Jurnal Management Risiko dan Keuangan West Science Business and Management Management Analysis Journal Journal Of Applied Multidisciplinary Studies (JAMS) Journal of Social Entrepreneurship Theory and Practice
Atim Djazuli
Jurusan Manajemen Fakultas Ekonomi Dan Bisnis Universitas Brawijaya
Religion Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Electrical & Electronics Engineering Energy Environmental Science Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Social Sciences

Published : 91 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 91 Documents
Search

 6   7   8   9   10 
Comparative Analysis of Company Financial Performance Before and After Acquisition Izza, Alfiano; Djazuli, Atim
Jurnal Manajemen Pemasaran dan Perilaku Konsumen Vol. 4 No. 1 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/jmppk.2025.04.1.07

Abstract

This study analyzes the comparison of the company's financial performance before and after the acquisition of five companies listed on the Indonesia Stock Exchange, namely PT Astra Otoparts Tbk, PT Bayan Resources Tbk, PT Indospring Tbk, PT MNC Land Tbk, and PT Telekomunikasi Indonesia Tbk. The analysis period includes five years before (2008-2012) and five years after the acquisition (2014-2018). The research method uses financial ratios such as Current Ratio (CR), Debt to Equity Ratio (DER), Total Assets Turnover (TATO), Return on Assets (ROA), Return on Equity (ROE), Net Profit Margin (NPM), and Earning Per Share (EPS). Hypothesis testing is done with the Kolmogorov-Smirnov normality test, paired sample t-test, and Wilcoxon Signed Rank Test. The results showed that there were significant differences in several financial ratios between the pre- and post-acquisition periods. The EPS ratio decreased significantly after the acquisition with a significance value of 0.002. Meanwhile, ROA and TATO did not show significant differences. Overall, acquisitions have an impact on changes in financial performance, both positive and negative. This study provides important implications for investors and management in making strategic decisions related to acquisitions. The results can be used to evaluate the impact of acquisitions on company performance.
Co-Authors . Djumahir . Djumahir Abanan, M. Zuhri Ramadhani Abrian Amir Rahman Abrian, Gusti Awang Aini, Maya Faridhotul AINUR ROFIQ Al Kautsar, Odi Arifin Sabeni Aster Indah Widowati Aster Indah Widowati Atika, Nurul Bambang Subroto Cicik Retno Wati Dedi Suselo Defin Shahrial Putra Deni, Febrianto Frans Dessy Handa Sari Dewi, Kadek Ayu Silvi Septya Dian Meithasari Djawahir, Helmy Djumahir A Djumahir Djumahir Ericson M Erlin Yulia Rahma Erlin Yulia Rahma Eva Dwi Astutik Eva Dwi Astutik Fabio Putra Wijaya Fadhila, Wildan Fani Wahyu Utomo Feryal Agizha H.M. HARRY - SUSANTO H.M. HARRY - SUSANTO Hanif Rani Iswari Harits, Abdul Gamal Hatiuran, Kezia Agustina Helmy Djawahir Herdina, Ajeng Mira Himmiyatul Amanah Jiwa Juwita Himmiyatul Amanah Jiwa Juwita Ignatia Thomasita Bau Mau Imtiyaz, Muhammad Daffa Izza, Alfiano Kusuma Ratnawati Laili, Choirun Nisful Laksmi Swastika Wardhani Lutfi aji Luthfiyah, Viviani M Taufik Akbar M, Ericson M. Syafi’ie - Idrus M. Syafi’ie - Idrus Made Sudarma Mau, Ignatia Thomasita Bau Mila Diana Sari, Mila Diana Mohammad Reza Muhammad Husnul Hilal Murtianingsih Murtianingsih, Murtianingsih Nabella, Efryca Ayu Najubah, Zian Nawianto, Syaifurridzal Nindya Gitaya Nur Khusniyah Indrawati Odi Al Kautsar P., Moeljadi Pratiwi, Risma Pristia Hanum Ramadhani Puji Astutik PUJI ASTUTIK PUTRI, SELLYNDAH PRIMADANI Rabbani, Riza Rahajeng, Riyan Pinasti Rahman, Abrian Amir Raisa Fitri Ramadhani, Pristia Hanum RIKI RIKI, RIKI Risma Pratiwi Risna Wijayanti Riyan Pinasti Rahajeng Rofiaty, Rofiaty Roni, Hamam S.M. Kiptiyah - - Safina Syabani Aisyah SELLYNDAH PRIMADANI PUTRI Shevanda Febrilia Tamara Sihombing, Ruth Vrinida Sitepu, Rafi Ashari Siti Aisjah SLAMAT HARIJONO ARITONANG Sri Dewi Yusuf Sri Palupi Prabandari Sudjatno, Sudjatno Sumarsono Sumarsono Surachman Surachman Surachman Surachman Suselo, Dedi Syahnur, Muh. Haerdiansyah Tomas Setya Wahyu Budi Ubud Salim Utomo, Fani Wahyu Venus, Muhammad Vincentius Christianto Wahdiyat Moko Wandari, Rosita Wati, Cicik Retno Wildan Fadhila Yovita Leyla Pradipta Yulianti - - Yunita Castelia Arisadi Yusuf, Dimas Maulana