ANALISIS PERBANDINGAN KINERJA KEUANGAN SEBELUM DAN SESUDAH AKUISISI PADA PT. TIPHONE MOBILE INDONESIA,TBK

Abstract

Acquisition is the takeover of ownership or control over shares or assets of a company by other companies, the takeover company and the company which has been taken over is still exist as separate legal entities. This research is aimed to analyze the differences in financial performance before and after the acquisition at PT. Tiphone Mobile Indonesia, Tbk. The corporate financial performance is measured by using financial ratio which consists of current ratio, quick ratio, cash ratio, inventory to net working capital, debt to asset ratio, debt to equity ratio, long term debt to equity eatio, return on asset, return on equity, net profit margin, fixed asset turn over, total assets turn over, inventory turn over, and working capital turn over. Samples are not used in this research due to this research is a case study research. This research has been carried out on specific object i.e. PT. Tiphone Mobile Indonesia, Tbk which is listed in Indonesia Stock Exchange in 2011-2015 periods. The data analysis technique has been carried out by using paired sample t test. The result of paired sample t test shows that there is no significant difference in 12 financial ratios after the acquisition has been conducted by the company whereas there is some differences in 2 ratios i.e. fixed asset turn over and total asset turn over after the acquisition has been conducted by the company.
Keywords: Acquisition, financial performance, case study, paired sample t test.