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Journal : Global Financial Accounting Journal

Pengukuran Kinerja Keuangan Pasca Merger Dan Akuisisi Edi Edi; Sylvia Rusadi
Global Financial Accounting Journal Vol 1 No 1 (2017)
Publisher : Faculty of Economics, Universitas Internasional Batam

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Abstract

This paper examine aneffect of the financial performance of post-merger and acquisition. The financial performance is measured by using ratios, such as return on net worth, return on assets, current ratio, quick ratio, and debt to equity ratio.The samples are firms which did merger and acquisition activity during the years 2003-2011 and that listed on Indonesia Stock Exchange. Data which used in this research is the annual financial report three years before and three years after the mergers and acquisitions by using purposive sampling method. Analysis of the data used to test the hypothesis using paired sample t-test. The results of this study indicate merger firms are having decline performance, debt to equity ratio show significant decline, and other ratios also got decline, though not significant. On the other side, return on net worth and return on assets has significant decline after acquisition, except for current ratio which have insignificant decline after acquisition. Quick ratio and debt to equity ratio has insignificant improvements after acquisition.
Co-Authors Abdul Kadir Abdul Salam Abdurahman Abdurrahman AGUS KURNIA Ainun, Ainun Alferdi, Alferdi Allaily Allaily Andy Andy AR, Jaini Bidaya Arif Arif Ariyani, Etika Azali, Lia Bafadal, Moh. Fauzi Bakar, Amhar Abu Banmalei, Irmawati M Bilal, Arpan Islami Chandra Chandra Cristi, Cristi Cut Aida Fitri Darmurtika, Linda Ayu David David Derista, Fanny Didik Aryanto Eilyn, Eilyn Eka, Eka Fadli Faturrahman Fadli Faturrahman Fahlia Fangesty, Maolidya Asri Siwi Fauzan . Franita, Franita Hafiz, Abdul Hanadi, Hanadi Hanifa Sri Nuryani Hanifa Sri Nuryani Hartini Haswita, Desi Hidayati Hidayati Hijril Ismail, Hijril Ihsani, Baiq Yuliatin Ilham , Ilham Ilham Ilham Ilham Ilham Irwandi Irwandi Johanes Terang Kita Perangin Angin Joni Joni Karim, Sofyan Karina, Ria Khaliluddin, Khaliluddin Lestari, Lydia Lukman Lukman Mansurudin, Mansurudin Mardiana, Ana Mardianto Mas'ad, Mas'ad Matasak, Alfriani Nancy Maysti, Maysti Meiliana Meiliana Milandari, Baiq Desi Mufida, Mufida Muhaimin Hamzah Munawir Haris Nazati, Sevinatul Nurhayati Harahap Nurin Rochayati Oce Astuti Patrisia, Leoni Pieter Octaviandy, Pieter Poppy Amalia Prasetia, Haris Robet Robet Rohimah Rohimah Sar'i, Muhammad Sarinah, Dian Sarwani Sarwani, Sarwani Sinta, Sinta Sirajuddin Sirajuddin Siti Sanisah Sri Rejeki Sudrajat Martadita Supriadi Supriadi Supriyadi Supriyadi Supriyanto Supriyanto Suriadin, Heppy Syahputra, Romi Syahrir Syahrir Sylvia Rusadi Tahmid Sabri Tanza, Evelyn Tarmizi, Muhammad Alfin Vanessa Aurelia Watoni, Aria Ahmad Wellem H. Muskita Widya Rizky Pratiwi, Widya Rizky Wijaya, Robby Wilson Wilson Wiwik Handayani Yusnaini Yusnaini Yusuf, Dedi Zulkarnain, Lalu Muhammad Iskandar