ANALISIS KINERJA KEUANGAN SEBELUM DAN SESUDAH MERGER PADA PERUSAHAAN PUBLIK DI INDONESIA

Abstract

This aim of research is to know difference of performance before and after doing merger at public company in Indonesia. Population are public company in Indonesia and publication of financial statements before merger between the year 2003 - 2005 and after merger between 2006-2009. Chosen sample are 10 companies. Analytical method is test t-two sample in independent. There is significant difference on Current Ratio before and after merger. There is significant difference on Return On Assets before and after merger. There is significant difference on Return On Equity before and after merger . Hypothesis test result proves that difference of average of Return On Equity between public companies before and after the merger signifikan. There is no significant difference Net Profit Margin before and after merger. There is no significant difference Total Asets Turn Over before and after merger . There is no significant difference Debt to Total Asets before and after merger. There is significant difference Debt Equity Ratio before and after merger. Research conclusion indicates that there is no difference signifikan performance before and after merger at public company in Indonesia because there are four variables that not different as significant for example TATO, DAR, NPM and DER.