The Impact of Mergers and Acquisitions on the Financial Ratios of Companies Registered with the KPPU

Authors

DOI:

https://doi.org/10.35384/jemp.v10i2.573

Keywords:

merger, acquisition, liquidity, profitability, efficiency

Abstract

This study aims to determine the impact of mergers and acquisitions on company financial performance as proxied by liquidity ratios, profitability ratios and efficiency ratios. Data is obtained from financial reports by comparing financial performance ratios before and after mergers and acquisitions. Hypothesis testing uses the Wilcoxon rank test and paired sample t-test. The test results show that there is a significant difference in the liquidity ratio. Meanwhile, profitability ratios and efficiency ratios did not find any significant changes between before and after the merger and acquisition. This study has a limited number of years used to compare financial performance. Future research is expected to use a larger sample of years.

References

Akinbuli, S. F., & Kelilume, I. (2013). The Effects of Merger and Acquisition on Corporate Growth and Profitability: Evidence from Nigeria. Global Journal of Business Research, 1-16.

Ernst, & Young. (2017). Global Capital Confidence Barometer. Diambil kembali dari ey.com/ccb

Finansia, L. (2017). Analisis Kinerja Keuangan Perusahaan Sebelum dan Setelah Merger dan Akuisisi. Journal Student of UNY.

Gupta, B., & Banerjee, P. (2017). Impact of Merger and Acquisitions on Financial Performance: Evidence from Selected Companies in India. International Journal of Commerce and Management Research.

Ikatan Akuntan Indonesia (IAI). (2004). Standar Profesional Akuntan Publik. Jakarta: Salemba Empat.

Jogiyanto, H. (2014). Teori Portofolio dan Analisis Investasi (Edisi ke Sepuluh). Yogyakarta: BPPE.

Kumshe, A. M., Kwazhi, J. W., & Imam, A. (2015). Effects of Mergers and Acquisitions on Profitability and Earnings Per Share of Selected Deposit Money Banks in Nigeria. European Journal of Business and Management, 1-10.

Munawir. (2010). Analisa Laporan Keuangan. Yogyakarta: Liberty.

Priyambada, R. (2017, September 13). Indeks Pertambangan Memerah, Ini Penyebabnya. (L. Hendra, Pewawancara)

Shah, B. A., & Khan, N. (2017). Impacts of Mergers and Acquisitions on Acquirer Bank's Performance. Australasian Accounting, Business and Finance Journal.

Singh, G., & Gupta, S. (2015). An Impact of Mergers and Acquisistions on Productivity and Profitability of Consolidation Banking Sector in India. Abhinav International Monthly Refereed Journal of Research in Management & Technology, 1-16.

Sundari, R. I. (2016). Kinerja Merger dan Akuisisi pada Perusahaan Go Public. Telaah Bisnis Volume 17.

Syayardi, F. (2017, December 29). Arah 2018: Emiten Konstruksi Jadi Menu Utama Bursa Saham. (D. A. Muthmainah, Pewawancara) CNN Indonesia. CNN Indonesia.

Yadav, S. S., Rani, N., & Jain, P. K. (2015). Financial Performance Analysis of Mergers and Acquisitions: Evidence from India. International Journal of Commerce and Management.

Yadav, S. S., Rani, N., & Jain, P. K. (2015). Financial Performance Analysis of Mergers and Acquisitions: Evidence from India. International Journal of Commerce and Management.

Downloads

Published

2024-08-29

Issue

Vol. 10 No. 2 (2024): Jurnal Ekonomi, Manajemen dan Perbankan (Journal of Economics, Management and Banking)

Section

Articles

License

Copyright (c) 2024 Hendra Gunawan, Dwi Fitri Laurenza

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Authors who publish with this journal agree to the following terms:

  • Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work to acknowledge the work's authorship and initial publication in this journal.
  • Authors can enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book) with an acknowledgment of its initial publication in this journal.
  • Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) before and during submission. It can lead to productive exchanges and earlier and greater citation of published work.
Abstract Views: 35 | File Downloads: 38