ANALISIS KINERJA KEUANGAN SEBELUM DAN SESUDAH AKUISISI PT. BANK RAKYAT INDONESIA Tbk

Abstract

The purpose of this research is to find out the difference of financial performance at PT. Bank Rakyat
Indonesia Tbk before and after the acquisition. The measurement of the financial statement has been
conducted by using financial ratios which consist i.e. Liquidity Ratio (Current Ratio), (Cash Ratio),
Solvability Ratio (Debt to Total Asset Ratio), (Debt to Equity Ratio), Profitability Ratio (Net Profit
Margin), (Return on Asset), (Return on Equity). This research has been done by using secondary data
which has been obtained from Indonesia Stock Exchange STIESIA in the form of financial statement
which consists of balance sheet and profit and loss statement in 3 periods of previous years and 3 periods
of after the acquisition. The data analysis method has been done by using paired sample t test in order to
find out the financial statement before and after the acquisition. The result of the calculation of paired
sample t test in the period of 3 previous years and 3 years after the acquisition shows that from 5 of 7
ratios which have been tested, i.e. (Current Ratio, Debt to Total Asset Ratio, Debt to Equity Ratio, Net
Profit Margin, Return on Asset) have significant difference. Meanwhile, the remaining 2 ratios (Cash
Ratio, Return on Equity) have no difference. Therefore, it can be concluded that there are significant
difference to the financial statement at PT. Bank Rakyat Indonesia Tbk before and after the acquisition.
Keywords:Acquisition, Financial Ratio, and t test.