Analysis Of Liquidity Ratio, Profitability, Solvency, And Activity Before And After Mergers Or Acquisitions In Mergers Or Acquisitions Companies Listed On The Indonesia Stock Exchange (2015-2019 Period)

Harry Budiantoro (Fakultas Ekonomi dan Bisnis , Universitas YARSI)
Delvira Vania Artanti (Fakultas Ekonomi dan Bisnis , Universitas YARSI)
Kanaya Lapae (Fakultas Ekonomi dan Bisnis , Universitas YARSI)

Jurnal Ekonomi
Vol. 11 No. 02 (2022): Jurnal Ekonomi, Periode September 2022

The purpose of this research is to examine the financial ratios of companies that merge or acquire. The study period used is 2015-2019. Purposive sampling was used in the sampling technique, and 7 companies were obtained. The data used is secondary data obtained from KPPU and BEI. SPSS version 25 was used to analyze data on test normality, pairedˑsample t-tests, andˑWilcoxon's signedˑrank test. There was a significant difference in the liquidity ratio proxied by current ratio between 1 (one) year before and 1 (one), 2 (two), and 3 (three) years after a merger or acquisition, but no significant difference in the profitability ratios proxied by return on assets, return on equity, and net profit margin, solvency ratio proxied by debt to asset ratio, and activity ratio proxied by total asset turnover between 1 (one) year before and 1 (one) year after