The Effect of Mergers and Acquisitions on the Financial Performance of Companies Listed on the Indonesia Stock Exchange (IDX) for the 2021 Period Nadya Salsabila(1*), Maya Sari(2), and Imas Purnamasari(3)
Universitas Pendidikan Indonesia, Jl. Dr. Setiabudi No.229, Bandung, West Java 40154.
dyasalsabila[at]upi.edu
Abstract
This research aims to determine the effect of mergers and acquisitions on the financial performance of companies listed on the Indonesia Stock Exchange during the 2021 research period. The data collection method used in this research is a purposive sampling technique, based on existing criteria, there are 6 samples company. The company^s financial performance is measured by using financial ratios: Return On Assets (ROA), Current Ratio (CR), Debt To Asset Ratio (DAR), Total Asset Turnover (TATO), Earning per Share (EPS). The analytical method used in this study is the analysis of different tests T-test and Wilcoxon signed rank test. The results of the study show that companies that carry out mergers and acquisitions in 2021 with an average period of 1 year before and 1 year after mergers and acquisitions show no difference in Return On Assets (ROA), Current Ratio (CR), Debt To Asset Ratio (DAR), Total Asset Turnover (TATO), Earning per Share (EPS) before and after mergers and acquisitions.
Keywords: Financial Performance, Mergers and Acquisitions, Current Ratio, Debt To Asset Ratio, Total Asset Turnover, Earning per Share.
