DAMPAK KEBIJAKAN AKUISISI PT. BANK SINAR HARAPAN BALI, Tbk OLEH PT. BANK MANDIRI, Tbk DI TINJAU DARI ASPEK PROFITABILITAS DAN VALUE CREATION

SYAH, FAUZAN (2010) DAMPAK KEBIJAKAN AKUISISI PT. BANK SINAR HARAPAN BALI, Tbk OLEH PT. BANK MANDIRI, Tbk DI TINJAU DARI ASPEK PROFITABILITAS DAN VALUE CREATION. S2 thesis, Universitas Mercu Buana Jakarta-Menteng.

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Abstract

This study aims to assess the impact of the acquisition of PT. Bank Sinar Harapan Bali, Tbk PT. Bank Mandiri, Tbk viewed from the aspect of profitability and value creation. Research done by comparing the performance of profitability and value creation based on financial reports before the data acquisition, namely the period of 2003 until 2007 with financial reporting data after the acquisition, which is the period of 2008. Profitability is measured by financial ratios, the Expected Return On Invested Capital (EROIC), Net Operating Assets Return (RNOA), Profit Margin (PM) and Core Income Profit Margin (CIPM), while the Value Creation is measured by financial ratios, the Market Value Added (MVA), Value of Operations and the Value of Common Equity. Research results based on financial ratios above show that after the acquisition profitability performance is decreasing in value, except as to the value of the value EROIC ratio increased from -97.4% to 9%, while the Value Creation significant increases coupled with increased value intrinsic shares of Bank Mandiri.Penelitian ini bertujuan untuk mengkaji dampak akuisisi PT. Bank Sinar Harapan Bali, Tbk oleh PT. Bank Mandiri, Tbk ditinjau dari aspek profitabilitas dan value creation. Penelitian dilakukan dengan membandingkan kinerja profitabilitas dan value creation berdasarkan data laporan keuangan sebelum akuisisi, yaitu pada periode tahun 2003 s/d 2007 dengan data laporan keuangan setelah akuisisi, yaitu pada periode tahun 2008. Profitabilitas diukur berdasarkan rasio-rasio keuangan, yaitu Expected Return On Invested Capital (EROIC), Return Net Operating Assets (RNOA), Profit Margin (PM) dan Core Income Profit Margin (CIPM), sedangkan Value Creation diukur berdasarkan rasio-rasio keuangan , yaitu Market Value Added (MVA), Value of Operations dan Value of Common Equity. Hasil penelitian berdasarkan rasio-rasio keuangan tersebut menunjukkan bahwa setelah akuisisi kinerja profitabilitas nilainya justru menurun, kecuali nilai rasio EROIC yang meningkat dari –97,4% menjadi 9%, sedangkan Value Creation mengalami kenaikan yang signifikan yang terlihat dari kenaikan nilai intrinsik saham Bank Mandiri.

Item Type: Thesis (S2)
Call Number CD: CDT-551-10-220
NIM/NIDN Creators: 55105120013
Uncontrolled Keywords: Expected Return On Invested Capital (EROIC), Return Net Operating Assets (RNOA). MKU, MANAJEMEN KEUANGAN Profit Margin (PM) dan Core Income Profit Margin (CIPM), sedangkan Value Creation diukur berdasarkan rasio-rasio keuangan , yaitu Market Value Added (MVA), Value of Operations dan Value of Common Equity.
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: UMMI RAHMATUSSYIFA
Date Deposited: 11 May 2022 03:18
Last Modified: 09 Feb 2023 03:37
URI: http://repository.mercubuana.ac.id/id/eprint/60960

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