PENGARUH MERGER DAN AKUISISI TERHADAP KINERJA KEUANGAN PERUSAHAAN NON KEUANGAN YANG TERDAFTAR DI BEI PERIODE 2016-2018

Abstract

This research aimed to find out the effect of mergers and acquisitions on non-financial companies’ performance,
which was measured by financials rations namely liquidity which was measured by current ratio (CR),
profitability measured by return on asset (ROA), activity was measured by total asset turnover (TATO), the
market was measured by earning per share (EPS), and solvability was measured by debt to equity ratio (DER).
The resreach was quantitative with documntary data. Moreover, the data collection technique used purpsive
sampling, in which the sample was based on th criteria given. In line that, there were 20 samples from 233 nonfinancial
companies which had mergers and acquisitions in 2016, 2017, and 2018. Furthermore, the hypothesis
test used non-parametric, i.e. Wilcoxon Signed Rank Test to answer the hypothesis. The research result concluded
that within the non-financial companies that had mergers and acquisitions from 2016 up to 2018 with an awerage
period of 1 and 2 years before and after mergers and acquisitions, there was no differences in CR, ROA, TATO,
EPS, DER before and after mergers and acquisitions.