Pengaruh Perbedaan Merger dan Akuisisi terhadap Kinerja Keuangan Perusahaan yang Terdaftar pada Bursa Efek Indonesia (Bei) Periode Tahun 2012-2016

This study purposes to provide empirical evidence about the effects of mergers and acquisitions on corporate financial performance. The sample in this study is companies listed on the Indonesia Stock Exchange that conduct mergers and acquisitions in 2012-2016 with testing 2 years before and 2 years after. This test uses the ratio of the current ratio, debt to total assets ratio, return on assets, return on equity and total assets turnover. This study uses secondary data obtained from the IDX. A total of 10 companies were taken as samples. The data used in this study is a balance sheet and income statement. The data is obtained, then tested using the t test. The results of this study generally show no significant difference between the company's financial performance before and after mergers and acquisitions where the significance value is greater than 0.05. So that the process of mergers and acquisitions does not create synergies for the company. This study provides an indication that economic objectives for mergers and acquisitions are not achieved. This could be due to non-economic reasons that are more considered or perhaps the decision to carry out mergers and acquisitions is done with the purpose of saving the target company from the threat of bankruptcy