Financial Performance Of Public Company Before And After Acquisition Period 2001 - 2007

Dwidjaja, Kornelius Prawira and Wijaya, Liliana Inggrit and Utami, Mudji (2012) Financial Performance Of Public Company Before And After Acquisition Period 2001 - 2007. In: The 9th International Annual Symposium On Management, 17 Maret 2012, Universitas Surabaya.

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Abstract

Acquisitions are one way companies in expanding its business in the inorganic. Companies - companies that make acquisitions have a variety of reasons one of which is to create synergies both from operational synergies and financial synergies are expected to further improve the performance of the company. In this study examines whether there is an increased performance of the company after the acquisition compared to prior acquisitions. Object of this study are all companies that make acquisitions in the period 2001 - 2007 and listed on the Indonesia Stock Exchange (BEI). Corporate performance measurement is done from two aspects, there are· accounting based and market-based. Accounting based are consists of return on assets (ROA), return on equity (ROE) and operating profit margin (OPM). While the market based is represented by a price earning ratio (PER). The results of this study showed no significant results in terms of accounting-based, which means that the financial performance of companies after an acquisition is not greater than before the acquisition. In contrast the results in terms of market-based is significant, which means that the financial performance after acquisitions proved significant and greater than before the acquisition.

Item Type:	Conference or Workshop Item (Paper)
Uncontrolled Keywords:	Acquisitions, Financial Performance, Expansion Inorganic
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions:	Faculty of Business and Economic > Department of Management
Depositing User:	Ester Sri W. 196039
Date Deposited:	21 Apr 2022 02:49
Last Modified:	22 Apr 2022 07:22
URI:	http://repository.ubaya.ac.id/id/eprint/41790

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