MANAJEMEN LABA DAN KINERJA KEUANGAN PERUSAHAAN PENGAKUISISI SEBELUM DAN SESUDAH MERGER DAN AKUISISI DI INDONESIA
ABSTRACT: The study examine
the earnings management practice in aquirer companies before and after mergers
and acquisitions. It also show the difference financial performance. The
purpose of this study was to prove the existence of the practice earnings
management by the acquirer in the period prior to the mergers and acquisitions.
this study also aimed to see whether there differences in the financial
performance of the acquirer after the merger policy and acquisition of the
manufacturing companies listed on the Stock Exchange over a period reporting
year 2006-2008. The sample in this study are 13 manufacturing companies listed
on the Indonesia Stock Exchange in reporting mergers and acquisitions
2006-2008. The conclusion of this study is there is no strong evidence through
discretionary accrual indicating that earnings management measures made by the
acquirer in the period prior to the merger and acquisitions and also no
significant differences in financial performance afterimplementation of mergers
and acquisitions on the acquirer.
Keywords: Mergers,
Acquisitions, Earnings Management, and Financial Ratio
Penulis: Alwan Sri Kustono, Agnes
Sindhy Pikatan
Kode Jurnal: jpmanajemendd120722
