Muhammad Khairudin
Program Studi S1 Akuntansi, Fakultas Ekonomi dan Bisnis Universitas Sebelas Maret

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Merger, Akuisisi dan Kinerja Saham Perusahaan di Bursa Efek Indonesia (BEI) Muhammad Khairudin; Trisninik Ratih Wulandari
Jurnal Akuntansi dan Bisnis Vol 17, No 1 (2017)
Publisher : Accounting Study Program, Faculty Economics and Business, Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (2096.032 KB) | DOI: 10.20961/jab.v17i1.220

Abstract

Mergers and acquisitions are important information for shareholders An announcement of mergers or acquisitions issued by a company will affect the acquired company's share price or target company. This study aims to examine the impacts arising from corporate mergers and acquisitions. Their reaction depends on the initial announcement. The reaction of shareholders is used to measure abnormal return. The sample companies tested here are 38 companies from different types of industries that conduct mergers and acquisitions over the 2011-2015 period. Paired Samples t-test is used to test whether there is an abnormal return after and before the merger and acquisition. The results of this study indicate that there is no difference abnormal return before and after the announcement of mergers and acquisitions .. Keywords: abnormal return, mergers and acquisitions