DAMPAK AKUISISI PERUSAHAAN TERHADAP KINERJA KEUANGAN PADA PT MAHAKA MEDIA, TBK DAN ENTITAS ANAK

Abstract

Acquisitionis one alternative toexpansion the business. Of course the acquirer shouldhave purposesin doing acquisition,tostrength their financial structure or to increase their investment. The object in this paper is PT Mahaka Media, Tbk. and Their Subsidiaries. The purpose of this study is to determine the impact of acquisition that measured by using ratio analysis as a liquidity, leverage, activity, profitability and market ratio based on current ratio(CR), debt ratio(DR), total asset turnover ratio(TATO), return on investment ratio (ROI), return on equity ratio (ROE) and earning per share (EPS). The shape of this paper is descriptive study and data collection techniques are documentary studies and literature. Data analysis techniques are ratio analysis, descriptive statistics, normality test and hypotheses test.
Based on current ratioand debt ratio that analyzed by Wilcoxon Sign Rank Test, the result is company's financial performance changes after doing acquisition. Similarly, return on investment ratio and earnings per share that analyzed by paired sample T test also showed changes. And for total asset turnover ratio and return on equity ratio that analyzed by Paired Sample T Test, the result is company’s financial performance did not change after the acquisition. Suggestions in this paper are the company should continue to do acquisition and company should added the competent human resourcers to repair their management performance.