Irany, Wardhatul and Dr. Drs., Raden Rustam, M.Si (2023) Analisis Perbedaan Kinerja Keuangan Perusahaan Pada Saat Sebelum dan Sesudah Merger dan Akuisisi (Studi pada Perusahaan yang Melakukan Merger dan Akuisisi pada BEI 2014-2018). Sarjana thesis, Universitas Brawijaya.
Abstract
Merger diartikan penggabungan dua perusahaan atau lebih menjadi satu perusahaan dan Akuisisi diartikan pengambil-alihan (take over) sebagian atau keseluruhan saham perusahaan lain. Tujuan dari Merger dan Akuisisi yaitu untuk mencapai efek sinergis dengan melalui penghematan biaya sehingga meningkatnya efisiensi operasional karena peningkatan produktivitas dalam penggunaan aset perusahaan. Pada penelitian ini bertujuan untuk mengetahui ada tidaknya perbedaan rata-rata yang dilihat dari rasio-rasio keuangan yaitu Debt to Equity Ratio (DER), Total Assets Turnover (TATO), Operating Profit Margin (OPM), Earning Per Share (EPS), dan Sales Growth. Jenis penelitian yang digunakan adalah event study dengan pendekatan deskriptif kuantitatif. Sampel penelitian ini menggunakan seluruh perusahaan yang melaporkan kegiatan merger dan akuisisinya ke komisi pengawasan persaingan usaha (KPPU) pada tahun 2014-2018 dan listing kemudian dipilih menggunakan purposive sampling, dan terpilih 15 perusahaan yang menjadi sampel. Analisis data pada penelitian ini menggunakan statistik deskriptif, uji normalitas, dan uji hipotesis yang terdiri dari uji Paired Sampel T-Test dan Wilcoxon Sign Rank Test. Hasil penelitian menunjukkan bahwa Debt to Equity Ratio (DER) menunjukkan tidak ada perbedaan rata-rata sebelum dan sesudah merger dan akuisisi. Total Assets Turnover (TATO) menunjukkan ada perbedaan rata-rata sebelum dan sesudah merger dan akuisisi. Operating Profit Margin (OPM) menunjukkan tidak ada perbedaan rata-rata sebelum dan sesudah merger dan akuisisi. Earning Per Share (EPS) menunjukkan tidak ada perbedaan rata-rata sebelum dan sesudah merger dan akuisisi. Sales Growth menunjukkan ada perbedaan rata-rata sebelum dan sesudah merger dan akuisisi.
English Abstract
Merger means the merging of two or more companies into one company and Acquisition means taking over part or all of the shares of another company. The objective of Mergers and Acquisitions is to achieve a synergistic effect through cost savings resulting in increased operational efficiency due to increased productivity in the use of company assets. This study aims to determine whether there is an average difference as seen from financial ratios, namely Debt to Equity Ratio (DER), Total Assets Turnover (TATO), Operating Profit Margin (OPM), Earning Per Share (EPS), and Sales Growth. The type of research used is an event study with a quantitative descriptive approach. The sample for this study used all companies that reported their merger and acquisition activities to the business competition supervision commission (KPPU) in 2014-2018 and listings were then selected using purposive sampling, and 15 companies were selected as samples. Data analysis in this study used descriptive statistics, normality test, and hypothesis testing which consisted of the Paired Sample T-Test and the Wilcoxon Sign Rank Test. The results showed that the Debt to Equity Ratio (DER) showed no difference in the average before and after mergers and acquisitions. Total Assets Turnover (TATO) shows that there is an average difference before and after mergers and acquisitions. Operating Profit Margin (OPM) shows no difference in average before and after mergers and acquisitions. Earning Per Share (EPS) shows no difference in average before and after mergers and acquisitions. Sales Growth shows that there is an average difference before and after mergers and acquisitions.
Other obstract
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| Item Type: | Thesis (Sarjana) |
|---|---|
| Identification Number: | 0523030123 |
| Uncontrolled Keywords: | Debt to Equity Ratio (DER), Total Assets Turnover (TATO), Operating Profit Margin (OPM), Earning Per Share (EPS), dan Sales Growth. |
| Subjects: | 600 Technology (Applied sciences) > 658 General management |
| Divisions: | Fakultas Ilmu Administrasi > Ilmu Administrasi Bisnis / Niaga |
| Depositing User: | Endang Susworini |
| Date Deposited: | 07 Sep 2023 04:21 |
| Last Modified: | 07 Sep 2023 04:21 |
| URI: | http://repository.ub.ac.id/id/eprint/202832 |
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