ANALISIS PERBANDINGAN KINERJA KEUANGAN PERUSAHAAN SEBELUM DAN SESUDAH MERGER PADA PERUSAHAAN NON-KEUANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

This research aims to determine the difference in financial performance between before and after the merger activity on the non - financial listed on the Indonesia Stock Exchange (IDX), which is proxied by financial ratios Current Ratio (CR), return on assets (ROA), Net Profit margin (NPM), Debt to Asset Ratio (DAR), and Total Asset Turnover (TAT). Perioder study is a year from 2014 to 2015. The study population includes all Company Non - Financial conducting merger activity in 2014 - 2015, amounting 175 company. Engineering sample selection using purposive sampling method and acquired 12 companies. Methods of data analysis used in this study including normality test, and paired samples t-test. Normality test is performed to determine whether the data were normally distributed or not, because to do a paired samples t-test data used must be distributed normally. The results of this study indicate that the study variables Return on assets (ROA) and Net Profit Margin (NPM) underwent significant changes after 3 years of committing the merger, while the Current Ratio (CR), Debt to Asset Ratio (DAR) and Total Asset Turnover ( TAT) did not experience significant changes in financial performance