Analisis Dampak Jangka Pendek dan Jangka Panjang Merger Terhadap Kinerja Keuangan Perusahaan Go Public Di BEI

Abstract

The purpose of this research is to analyze the differences in the company's financial performance before and after the merger in the short term and long term. Financial performance in this study was measured using financial ratios of liquidity ratios, leverage ratios, activity ratios and profitability ratios with a period of one year to two years before the merger with one to two years after the merger, and three to four years before it merger with three until four years after the merger. The sample in this study is a public company which had conducted merged and listed on the IDX in the period 2003-2012. The sampling method used in this study was purposive sampling and there are 10 companies included in the criteria for this study. Source data used are secondary data in the form of annual financial statements of public company which has merged in the period 2003-2012. This study using two different test paired samples are Paired Sample T Test as an indicator of financial performance. The results of research studies on six financial ratios, CR, QR, DER, TATO, ROI and ROE showed that there was no significant difference between one year to two years before the merger with one to two years after the merger, and three to four years before it merged with three until four years after the merger.