KINERJA KEUANGAN SEBELUM DAN SESUDAH AKUISISI PT. JASA MARGA TBK. DI BEI

Abstract

This research aimed to analyze the comparison between financial performance before and after an acquisition of PT. Jasa Marga Tbk. Moreover, the research was case-study of a company. While the financial performance was measured by financial ratios namely, Liquidity (Current Ratio), Solvability (Debt to Equity Ratio), Activity (Total Assets Turnover) and Profitability (Return on Assets). The data analysis technique used quantitative data analysis, normality test and paired sample t-test with IBM SPSS (Statistical Product and Service Solution) 23. Meanwhile, the research significance was 5% (α = 0,05). Furthemore, the research result concluded that there was a significant difference of financial performance within two ratios, i.e. Debt to Equity Ratio and Return on Assets; before and after an acquisition of PT. Jasa Marga Tbk. On the other hand, there was insignificant effect of financial performance within another two ratios, i.e. Current Ratio and Total Assets Turnover; before and after an acquisition of PT. Jasa Marga Tbk.
Keywords: financial performance, financial ratio, acquisition