ANALISIS KINERJA KEUANGAN PADA BANK CIMB NIAGA SETELAH DAN SEBELUM MERGER
ABSTRACT: This
study aims to analyze the dif erences in firm performance before and after
mergers on CIMB Niaga Bank. Corporate performance is measured by using
financial ratio: Current ratio, Acid Test Ratio, Cash Ratio, Return On Asset
(ROA), Return On Equity (ROE), Gross Profit Margin (GPM), Net Profit Margin
(NPM), Operating Profit Margin (OPM), Total Debts to Equity, Interest Coverage
Ratio, Debt Ratio. and Earning Per Share (EPS). Quantitative method is used in
this research, take the data of CIMB Niaga Bank ‘s financial report from OJK
(Otoritas Jasa Keuangan) its activity in the period 2004-2013, and analyzed
using statistic parametric is used to analyze data. Shapiro Wilk and Sample
Pair T test are used to answer hypothesis.
The results from this research
show that study in 12 financial ratio, Current ratio, Acid Test Ratio, Cash
Ratio, ROA, ROE, GPM, NPM, OPM, Total Debts to Equity, Interest Coverage Ratio,
Debt Ratio. and EPS only Total Debts to Equity show a dif erence result before
and after merger. However, the descriptive statistics changes towards the
positive in 7 financial ratios after mergers: Current ratio, ROA, GPM, NPM,
OPM, Interest Coverage Ratio, EPS that show the synergy obtained by companies
that do mergers.
Key words:
Mergers, financial performace, shapiro – wilk test, paired sample t test
Penulis: Fransiska Lucyana Pandjaitan, Sugeng Wahyudi
