Analisis Dampak Akuisisi Terhadap Kinerja Keuangan Dan Abnormal Return Pada Perusahaan Target Yang Terdaftar Di Bursa Efek Indonesia

Manurung, Chindy Larasati (2022) Analisis Dampak Akuisisi Terhadap Kinerja Keuangan Dan Abnormal Return Pada Perusahaan Target Yang Terdaftar Di Bursa Efek Indonesia. Other thesis, Universitas Islam Riau.

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Abstract

This study aims to analyze the significant difference between the financial performance before and after the acquisition of the target company and to analyze the significant difference between the abnormal returns 90 days before and after the acquisition of the target company. This research was conducted in the Annual Report of each Target Company that made acquisitions and registered with the Financial Services Authority (OJK) with a sample of 5 companies. The results of the paired t-test show that there are significant differences in financial performance as proxied by Return on Assets (ROA), Current Ratio (CR), Total Assets Turn Over (TATO). However, there is no significant difference to the company's solvency as measured by Debt To Equity (DER). There is no significant difference to the abnormal return (AR) in the 90-day test before and after the announcement of mergers and acquisitions was made.

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