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The Effects of Financial Performance and Macroeconomic Factor to Profitability of Bidder Companies

Linawati, Nanik and HALIM, RICHARD (2016) The Effects of Financial Performance and Macroeconomic Factor to Profitability of Bidder Companies. In: International Conference in Organizational Innovation, 26-07-2016 - 26-07-2016, Kuta - Bali - Indonesia.

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    Abstract

    This study aims to determine the effect of Leverage Change, Sales, Market-to-Book ratio, Transaction Cost and Interest Rate after merger or acquisition on profitability change (return on assets or return on equity). The method used is multiple linear regression. The type of data is cross sectional data. The samples are go public bidder companies that have annual or quarterly financial reports during one year before and after the merger or acquisition. The reserch results showed Leverage Change, Sales, Market-to-Book ratio, Transaction Cost and Interest Rate after merger or acquisition simultaneously have significant effect on the year and the next year change of Return on Asset or Return on Equity. Partially, Leverage Change and market to book ratio significantly influence to changes on profitability. Sales and interest rate significantly influence to the next year changes on profitability. Transaction Cost partially have significant effect on next year changes on profitability.

    Item Type: Conference or Workshop Item (Paper)
    Uncontrolled Keywords: Merger and acquisition, Leverage Change, Sales, Market-to-Book ratio, Transaction Cost, Interest Rate, Profitability
    Subjects: H Social Sciences > HG Finance
    Divisions: Faculty of Economic > Finance Management Program
    Depositing User: Admin
    Date Deposited: 19 Jul 2017 23:27
    Last Modified: 17 Jul 2019 11:54
    URI: http://repository.petra.ac.id/id/eprint/18039

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