Analysis of Financial Performance Before and After Acquisition of Companies Listed on The Indonesia Stock Exchange in 2021

Dwi Karunia Rahmasari, Burhanudin

The study aims to determine the difference in the company's financial performance before and after the acquisition of companies listed on the Indonesia Stock Exchange. A type of comparative research, which compares financial performance before with an acquisition. Samples were taken using purposive sampling techniques. The data analysis method used is the Wilcoxon signed rank test using SPSS 2020. The study used financial ratio variables, namely liquidity ratio measured by Current Ratio (CR), leverage ratio measured by Debt to Equity Ratio (DER), profitability ratio measured using Return On Assets (ROA), activity ratio measured by Total Asset Turnover (TATO), and there is a market ratio measured by Price to Book Value (PBV). The results of this study show that liquidity ratio (CR), activity ratio (TATO) and market ratio (PBV) there is no significant difference before and after the acquisition. Meanwhile, the leverage ratio (DER) and profitability ratio (ROA) concluded that there were differences before and after the acquisition.

2024/06/15

Acquisition, Financial Performance, Current Ratio, Debt to Equity Ratio, Return On Assets, Total Asset Turnover, Price To Book Value, Wilcoxon Signed Rank Test

750

753

3047-857X

Proceedings of the International Symposium on Management (INSYMA)

Fakultas Bisnis dan Ekonomika, Universitas Surabaya

21