DAMPAK KEPUTUSAN AKUISISI TERHADAP KINERJA KEUANGAN PERUSAHAAN(STUDI PADA PERUSAHAAN YANG LISTING DI BEJ)

Yunitasari, Mega Dhuhi (2008) DAMPAK KEPUTUSAN AKUISISI TERHADAP KINERJA KEUANGAN PERUSAHAAN(STUDI PADA PERUSAHAAN YANG LISTING DI BEJ). Other thesis, University of Muhammadiyah Malang.

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Abstract

This research is an empirical study of manufacturing industries which listed in Jakarta Stock Exchange. The title of this research is “the impact of acquisition to financial performance of the firm’s (an empirical study listed in JSX)”. This research aims to know the impact of acquisition to financial performance of manufacturing industries listed in JSX before and after acquisition, empirically. In this research the hypothesis used by researcher is, acquisition decision impact to financial performance of the firm or there is a differences of company’s financial performance before and after acquisition. Data analysis used is financial ratio analysis, such as: liquidity ratio by current ratio, solvability ratio by debt to total assets, activity ratio by total assets turn over, profitability ratio by net profit margin, return on equity, return on assets, and market value by price to earning ratio and market to book value ratio (price book value), and also used statistical test. The statistic test used is non parametric test, wilcoxon test signed rank test to test the differences of financial performance before and after acquisition. Before this test, researcher has a data distribution test, one sample Kolmogorov Smirnov. If the data distribution does not normal, so we have to used statistic non parametric test. The result of this study shows that two years before acquisition financial ratio of the firm’s almost decreased all that caused financial performance of the firm’s still bad, especially the ratio of net profit margin which is an increasing income ratio. So that with price to earning ratio and price to book value, whereas, both of the ratio is very important to investor to know the price of company’s share in capital market. In the other hand, two years after acquisition almost increased all compared to before acquisition. These shows by acquisition, company have a better financial performance year by year. But according to hypothesis test, from nine manufacturing companies, the result shows that there is no significant difference to financial performance of the firm’s two years before and after acquisition. Only debt to total assets ratio shows that there is a significant differences to financial performance of the firm’s two years before and after acquisition. The result of this study indicates that the economical purposes of acquisition did not achieve. This research gives a contribution to everyone who needs the information, especially to businessman in accordance to make a decision especially to decision that related to acquisition.

Item Type: Thesis (Other)
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Economic > Department of Accounting
Depositing User: Rayi Tegar Pamungkas
Date Deposited: 11 Jun 2012 07:22
Last Modified: 11 Jun 2012 07:22
URI: http://eprints.umm.ac.id/id/eprint/7139

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