FINANCIAL PERFORMANCE AND CORPORATE VALUE POST MERGER AND ACQUISITION (STUDY ON MANUFACTURING INDUSTRY ISSUER IN INDONESIA)
| Autor: | Son Ekabiakto, BambangMulyana |
|---|---|
| Rok vydání: | 2018 |
| Předmět: |
Return on assets
business.industry 05 social sciences Operating margin Accounting Building and Construction Inventory turnover Merger or Acquisition Financial Performance Company Value Paired Sample TTest Debt-to-equity ratio Current ratio Return on equity Issuer 0502 economics and business P/B ratio 050211 marketing Business Electrical and Electronic Engineering 050203 business & management |
| DOI: | 10.5281/zenodo.2115607 |
| Popis: | This study was aimed to analyze company financial performance before and after merger or acquisition. Financial performance was measured using Current Ratio (CR), Debt to Equity Ratio (DER), Total Assets Turnover (TATO), Inventory Turnover (ITO), Operating Profit Margin (OPM), Return on Assets (ROA), Return on Equity (ROE), while corporate value was measured using Price to Book Value (PBV). This study was limited to manufacturing industry issuers which had merged and acquisited between 2003 and 2011. Sample was collected using purposive sampling method and there were 11 companies. Data analysis was statistic parametric analysis using paired sample t-test. Study result found that CR, DER, TATO, ITO, OPM, ROA, ROE, and PBV after merger and acquisition was better than before merger and acquisition, even ROA and ROE showed significant improvement. |
| Databáze: | OpenAIRE |
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