ANGGRAINI, ELLA (2021) PERBANDINGAN KINERJA KEUANGAN SEBELUM DAN SESUDAH MERGER ATAU AKUISISI (Studi pada 1 Perusahaan Non-Keuangan yang Melakukan Merger dan 6 Perusahaan Non-Keuangan yang melakukan Akuisisi pada Tahun 2014 Terdaftar pada Bursa Efek Indonesia). S1 thesis, Universitas Mercu Buana Jakarta.
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Abstract
This research conducts as comparative analyses of firm’s pre-and post merger or acquisitions through theirfinancial performance. Financial performance used were Current Ratio, Debt to Equity Ratio, Total Assets Turnover, Return on Investment, and Earning Per Share. Population in this study is companies that are did merger and acquisition in 2014 listed on IDX. This study uses data analysis which is divided into three parts, namely descriptive statistic test, normality test, and hypothesis test, which consists of Paired Sample T-test/ Wilxocon Signed Rank Test for a partial test, and Manova test. The results of analysis research show that Current Ratio and Debt to Equity Ratio has no differences in average before and after mergers or acquisitions. Total Assets Turn Over, Return on Investment, and Earnings Per Share has a difference in average before and after mergers and acquisitions. Keywords: Merger, Acquisitionis, Current Ratio, Debt to Equity Ratio, Total Assets Turnover, Return on Investment, and Earning Per Share Penelitian ini bertujuan untuk mengetahui perbedaan kinerja keuangan perusahaan antara sebelum melakukan dan sesudah melakukan merger atau akuisisi. Kinerja keuangan yang digunakan adalah Current Ratio, Debt to Equity Ratio, Total Assets Turnover, Return on Investment, dan Earning Per Share. Populasi pada penelitian ini adalah perusahaan yang melakukan merger atau akuisisi pada tahun 2014 yang terdaftar di BEI. Pemilihan sampel mengunakan non probability sampling, dengan pendekatan purposive sampling. Penelitian ini menggunakan analisis data yang terbagi tiga yaitu uji statistik deskriptif, uji normalitas, dan uji hipotesis yang teridiri dari uji Paired Sampel T-test/ uji Wilxocon Signed Rank Test untuk parsial, dan uji Manova. Berdasarkan hasil penelitian menunjukan bahwa Current Ratio dan Debt to Equity Ratio menunjukkan tidak ada perbedaan rata-rata sebelum dan sesudah merger atau akuisisi. Total Assets Turn Over, Return on Investment, dan Earning Per Share menunjukkan ada perbedaan rata-rata sebelum dan sesudah merger atau akuisisi. Kata Kunci: Merger, Akuisisi, Current Ratio, Debt to Equity Ratio, Total Assets Turnover, Return on Investment, dan Earning Per Share
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