Journal of Auditing, Finance, and Forensic Accounting
Vol 12, No 1 (2024): April

The Financial Performance of Merged and Acquired Firms: Energy and Consumer Sectors in Indonesia

Christopher Bradley Budiono (Petra Christian University)
Nathania Cherryl Prayogo (Petra Christian University)
Rachel Cintantya Hapsari (Petra Christian University)
Nanik Linawati (Petra Christian University)



Article Info

Publish Date
01 May 2024

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.

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Journal Info

Abbrev

jaffa

Publisher

Subject

Economics, Econometrics & Finance

Description

Journal of Auditing, Finance, and Forensic Accounting abbreviated as JAFFA (E-ISSN : 2461-0607 dan P-ISSN : 2339-2886) is an open access journal (e-journal) in which intended to enhance quality of knowledge through dissemination of knowledge to academics, practitioners, and all parties who have ...