ANALISIS KINERJA KEUANGAN SEBELUM DAN SESUDAH MERGER PADA SEKTOR PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This study aims to determine changes in the company's financial performance before and after the case merger in banking companies listed on the Indonesia Stock Exchange. Measurement of financial performance is carried out using four ratios. The population in this study were all banking companies that carried out the merger. The sample used was five banking companies that conducted mergers in 2010 to 2019. The technique used in sampling was purposive sampling technique. The data analysis technique used in this research is quantitative analysis to test the differences in financial performance ratios with the Wilcoxon Signed Rank Test. The hypothesis in this study is that there are significant differences in financial performance between before and after the acquisition. Return on Assets (0.014), Return on Equity (0.000) and Financial Leverage Multiplier (0.000) have a p number smaller than 0.05, so they have changes in banking companies listed on the Indonesia Stock Exchange between before and after the merger. Meanwhile, the Net Profit Margin ratio (0.831) which has a p value greater than 0.05 has no change in banking companies listed on the Indonesia Stock Exchange between before and after the merger.