ANALISIS PERBANDINGAN KINERJA KEUANGAN SEBELUM DAN SESUDAH AKUISISI DI PT ELANG MAHKOTA TBK

Abstract

This research aims to analyze the comparison of financial performance before and after the implementation of
acquisition of PT Elang Mahkota Teknologi, Tbk. This research does not use sample but uses case study of one
company, meaning research about status of research subject having relation with subject under researched.
Financial performance is measured by using financial ratios of current ratio and quick ratio, debt to asset ratio
and debt to equity ratio, profitability ratio (net profit margin, return on asset, return on investment and return
on equity), activity ratio (total asset turn over), market ratio (earning per share). The data were analyzed using
quantitative data analysis, statistical difference test and paired sample t-test to test partial differences with the
five-year period before and five years after the acquisition. The error rate or significance used in this research is
5%. The result of the analysis using paired average difference test shows that all ratios used have no significant
difference after the acquisition.
Keywords: financial performance, financial ratio, acquisition,