ANALISIS KINERJA SUBHOLDING BUMN SEKTOR PERTAMBANGAN SEBELUM DAN SESUDAH AKUISISI

ISNAINI, ISNAINI (2022) ANALISIS KINERJA SUBHOLDING BUMN SEKTOR PERTAMBANGAN SEBELUM DAN SESUDAH AKUISISI. S2 thesis, Universitas Mercu Buana Jakarta - Menteng.

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Abstract

This study aims to analyze the effect of acquisitions on the performance of the mining sector BUMN sub-holding listed on the Indonesia Stock Exchange. Abnormal stock returns and financial ratios measure the effect of mergers and acquisitions. Testing abnormal stock returns using an event study with paired samples t-test analysis method. At the same time, testing the performance of financial ratios (current ratio, return on assets, total asset turnover, and debt to assets ratio), using two analytical methods, namely paired samples t-test for partial testing and Manova for simultaneous testing. The test results on abnormal stock returns show a significant difference in the 18-day window period before and 18 days after the announcement of mergers and acquisitions. The partial and simultaneous testing of financial ratios shows no significant difference for one year and two years after mergers and acquisitions Key words: Acquisitions; Event Study; Penelitian ini bertujuan untuk menganalisis pengaruh akuisisi terhadap kinerja sub- holding BUMN sektor pertambangan yang terdaftar di Bursa Efek Indonesia. Abnormal return saham dan rasio keuangan menjadi ukuran untuk melihat pengaruh merger dan akuisisi. Pengujian abnormal return saham menggunakan event study dengan metode analisis paired sample t-test. Sementara pengujian kinerja rasio keuangan (current ratio, return on assets, total assets turnover, dan debt to assets ratio), menggunakan dua metode analisis yaitu uji t sampel berpasangan untuk pengujian parsial dan Manova untuk pengujian simultan. Hasil pengujian abnormal return saham menunjukkan perbedaan yang signifikan pada periode jendela 18 hari sebelum dan 18 hari setelah pengumuman merger dan akuisisi. Pengujian rasio keuangan secara parsial dan simultan menunjukkan tidak ada perbedaan yang signifikan selama satu tahun dan dua tahun setelah merger dan akuisisi. Kata Kunci: Akuisisi; Event Study;

Item Type: Thesis (S2)
NIM/NIDN Creators: 55118120125
Uncontrolled Keywords: Acquisitions; Event Study;
Subjects: 600 Technology/Teknologi > 650 Management, Public Relations, Business and Auxiliary Service/Manajemen, Hubungan Masyarakat, Bisnis dan Ilmu yang Berkaitan > 658 General Management/Manajemen Umum
Divisions: Pascasarjana > Magister Manajemen
Depositing User: RIA SYAFITRI
Date Deposited: 16 Jun 2022 07:25
Last Modified: 18 Jun 2022 02:37
URI: http://repository.mercubuana.ac.id/id/eprint/63350

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