KINERJA FINANSIAL PERUSAHAAN YANG MELAKUKAN AKUISISI
Abstract: This study attempts
to examine empirical evidence of the firms’ financial performances conducting
acquisition at the Indonesian Stock Exchange. A sample of 22 firms undertaking
acquisition during 2007-20010 is examined. The t-test for mean difference is employed
to examine the performance for the period prior to and after the acquisition.
The results show that the firms’ liquidity ratio is not significantly
different for the periods before and after acquisition. Total debt to total
assets ratio and total debt to equity ratio are significantly different. In
particular, the average of these two ratios is higher in the period after the
acquisition. This study also documents that the firm activity ratio, measured
as total assets turnover, is indifferent between the periods. In addition, the
firms’ return on investment and return on equity is lowering after acquisition
and the difference is significant.
Penulis: Elok Sri Utami
Kode Jurnal: jpakuntansidd130793
