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This Author published in this journals
All Journal Journal of Auditing, Finance, and Forensic Accounting
Christopher Bradley Budiono
Petra Christian University
Economics, Econometrics & Finance

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The Financial Performance of Merged and Acquired Firms: Energy and Consumer Sectors in Indonesia Christopher Bradley Budiono; Nathania Cherryl Prayogo; Rachel Cintantya Hapsari; Nanik Linawati
JAFFA Vol 12, No 1 (2024): April
Publisher : Master of Accounting Universitas Trunojoyo Madura

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21107/jaffa.v12i1.24564

Abstract

This research examines the difference in average financial performance one year before and after mergers and acquisitions in the energy and consumer sectors of public companies listed on the Indonesia Stock Exchange. The research sample consisted of 20 energy and 20 consumer sector companies that performed mergers and acquisitions from 2017 to 2021. Data processing was carried out using Paired Sample T-Test with the help of SPSS version 26. The research results showed an increase in the market prospect, leverage, and efficiency ratios one year after mergers and acquisitions in energy and consumer goods sector companies. Meanwhile, there was a decline in profitability and liquidity ratios one year after mergers and acquisitions in companies in the energy and consumer goods sectors. The result confirms that mergers and acquisitions contribute to differences in the financial performance of companies acquiring Indonesia’s energy and consumer goods sectors.
Co-Authors Nanik Linawati Nathania Cherryl Prayogo Rachel Cintantya Hapsari