COMPARATIVE ANALYSIS OF FINANCIAL PERFORMANCE BEFORE AND AFTER MERGER (CASE STUDY AT PT HOLCIM INDONESIA)
Abstract
This study aims to analyze differences in the company's financial performance before & after the merger of PT Holcim Indonesia Tbk. The company's financial performance is measured using financial ratios: liquidity ratios (current ratio & cash ratio), solvency ratios (debt ratio & debt equity ratio), activity ratios (total assets turn over & fixed assets turn over), profitability ratios (nett profit margin & gross profit margin), & market ratio (earnings per share & price earnings ratio). The quantitative method used in this study takes data from PT Holcim Indonesia Tbk's financial statements for the 2014-2017 period. The analysis technique uses SPSS software. The results of the calculation of financial performance before & after showed a decrease in post-merger performance on all liquidity ratios, activity ratios, profitability ratios, & market ratios, only the solvency ratio increased. Then do a paired sample t test which concludes that there is no significant difference from the average financial performance ratio before and after the merger. This is because the difference in the ratio before and after the merger is not much different.
References
Amalia, L. (2012). Perbandingan Kinerja Keuangan PT. Bank CIMB Niaga Tbk, Sebelum dan Sesudah Merger di Bursa Efek Indonesia. Universitas Jember.
Astuti, R. (2009). Analisis Perbandingan Kinerja Kuangan Perusahaan Sebelum dan Sesudah Akuisisi. Universitas Sanata Dharma.
Fathun, N. (2015). Analisis Perbandingan Kinerja Keuangan Perusahaan Sebelum dan Sesudah Merger dan Akuisisi, 9(1).
Mazidah, N. (2018). Pengaruh Pelatihan dan Motivasi terhadap Kinerja Karyawan dengan Disiplin Kerja Sebagai Variabel Intervening. Universitas Islam Indonesia.
Pandjaitan, F. (2016). Analisis Kinerja Keuangan pada Bank CIMB Niaga Setelah dan Sebelum Marger. Universitas Diponegoro Semarang.
Putra, A. (2013). Analisis Perbandingan Kinerja Keuangan Sebelum dan Sesudah Merger Tahun 2008 (Studi Kasus Pada Bank CIMB Niaga Periode 2003-2013. Jurnal Manajemen Bisnis, 2008(3), 1–7.
Sisbintari, I. (2010). Analisis Komperatif CAR, LDR, ROA dan ROE Sebelum dan Sesudah Merger Pada Pt. Bank Cimb Niaga. Jurnal Profit, 6(2), 163–173.
Vinda, W., Mangantar, M., & Sumarauw, J. (2016). Perbandingan Kinerja Keuangan Pada PT. Bank Cimb Niaga. Tbk dan PT. Bank OCBC NISP. Tbk Periode 2013-2014. Berkala Ilmiah Efisiensi, 16(1), 905–913.
Copyright (c) 2021 Ekspektra : Jurnal Bisnis dan Manajemen
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Ekspektra : Jurnal Bisnis dan Manajemenis licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.