ANALISIS PERBANDINGAN KINERJA KEUANGAN PERUSAHAAN SEBELUM DAN SESUDAH AKUISISI (STUDY PADA PERUSAHAAN PENGAKUISISI YANG TERDAFTAR DI BEI PERIODE 2000-2011)
Abstrak: This research is to
analyze the company's financial performance comparison before and after the
acquisition. Is there a significant difference or not, and the difference is increased
or decreased. Financial performance here is measured by the ratio of ROI, ROE,
DER, TATO, CR, and EPS. This study takes population from all company that acquisition
activity in period 2000-2011. The samples in this study using purposivesampling
method, and and obtained a sample of 17 companies in the period 2000-2011, with
the appropriate criteria have been determined, the ratio of data obtained from
the Indonesian Capital Market Directory (ICMD). The analysis used to test the
hypothesis of this research is quantitative analysis with Wilcoxon Signed Rank
Test and Manova. Based on descriptive statistics, changes in the average value
(mean) of the ratio of DER, tato and EPS have increased, but the results are
not strong enough to prove the existence of significant differences in
financial performance as measured by these ratios. The Test results using the
Wilcoxon Signed Rank Test showed that there was no significant difference for
all ratios after the acquisition, and it is also supported by the results of
testing with Manova.
Penulis: Ira Aprilita, Hj.
Rina Tjandrakirana DP, H. Aspahani
Kode Jurnal: jpmanajemendd131103
