Anita Sari, Dian
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Analisis Komparatif: Apakah Ada Perbedaan Kinerja Finansial Korporasi Sektor Non Keuangan di BEI Pra dan Pasca Merger Akuisisi? Septiliani, Adelia; Anita Sari, Dian
Jurnal Manajemen dan Organisasi Vol. 16 No. 1 (2025): Jurnal Manajemen dan Organisasi
Publisher : IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/jmo.v16i1.60729

Abstract

This research is intended to assess whether there are significant changes in the financial performance of non-financial companies on the Indonesia Stock Exchange before and after a merger or acquisition. Financial performance is tested using four financial indicators, namely liquidity ratio, solvency, profitability and activity. Data were analyzed by applying the paired sample t-test for data that was considered normal and while data was considered not normally distributed using the Wilcoxon signed ranks test. Data is collected with documentation. Data comes from secondary data. The data type uses documentary. The research sample consisted of 11 non-financial companies that carried out mergers and acquisitions in the 2016-2020 period and were listed on the Indonesian Stock Exchange. Purposive sampling technique was used in sampling. The time interval chosen in this research is three years before the merger or acquisition and three years after the merger or acquisition. From the study results, it was found that there were differences in the CR, DER and TATO ratios before or after mergers and acquisitions, while there was no change in the ROA ratio pre-implementation and post-implementation of mergers and acquisitions.
STRUKTUR MODAL DAN KINERJA KEUANGAN BANK DI INDONESIA Afik Maulana, Alfian; Anita Sari, Dian
Jurnal Nusa Manajemen Vol. 1 No. 1 (2024): Jurnal Nusa Manajemen Volume 1 Nomor 1 Maret Tahun 2024
Publisher : Publika Citra Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62237/jnm.v1i1.51

Abstract

This research aims to investigate how the capital structure of banks in Indonesia is related to the level of profitability, taking into account company size and the overall impact of the Covid-19 pandemic and whether the increase in capital (debt) provided by the Indonesian government affects bank profitability, providing new results. . considering the increased credit risks resulting from the pandemic. This study fulfills the research objectives by building a broad framework regarding the influence of liquidity, capital adequacy, credit risk, tax protection and ownership structure on bank financial performance. This research uses regression todetermine the effect of leverage, company size and the Covid-19 pandemic on banking profitability. Data for 38 public banks taken from the Bloomberg Terminal in 2014-2021. The research results show that leverage has a positive effect on banking profitability, while company size has a negative effect on leverage and profitability. High debt levels pressure management to meet shareholders' required returns. Large banks prefer risk-free government bonds rather than providing loans to creditors, especially when economic conditions are uncertain. The Covid-19 pandemic has no effect on banking profitability