ABSTRACT: In the extremely
competitive condition, a company is always expected to expand the strategy, in
order to maintain its existent, or even develop and improve the performance..
Most business-joint in merger has been realized in external expansion. This
research is to recognize the difference of company performance rank in finance
ratio measurement, especially company in banking sector before and after
merger.This research population was the whole banking company which are listed
in BEI and do merger activity. Company performance in this research was
measured in finance ratio, namely current ratio, quick ratio, total asset turn
over, net profit margin, and return on assets. Each ratio was measured during 2
years periods before and 2 years after merger. To examine the differences
between before and after merger, it was continued to do non parametric
statistic test with Wilcoxon Sign Rank Test Analisys. The Analisys result
showed that there was no significant difference in company performance for the
period before and after merger. From this analisys, it could be concluded that
merger was not affected to company performance in the term of liquidity rank,
activity rank, and profitability rank. So it could be stated that the economy goal
on the merger decision did not realize until the end of the second year.
Keywords: Merger, company
work, finance ratio
Penulis: Dhani Ichsanuddin Nur
Kode Jurnal: jpmanajemendd100028
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