SUSANTO, JEFFREY BELMIRO and TIRTAMURTI, LIM MADELEINE and REYNARD, DAVE and Linawati, Nanik (2023) THE IMPACT OF MERGERS AND ACQUISITIONS ON SHAREHOLDERS WELFARE. In: the International Conference on Entrepreneurship, Technology, and Education (ICETEdu) , 24-10-2023 - 24-10-2023, Pontianak - Indonesia.
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Abstract
The objective of this research is to analyse mergers and acquisitions (M&A) in Indonesia the period 2017 - 2021. This study examines the determinants of abnormal returns of acquirer companies which consist of: Return on Assets, return on equity, Total Asset turnover, Fixed asset turnover, and Gross Profit Margin. This research examines 42 merger and acquisition events during 2017 - 2021. The research data was processed using multiple regression. The results of the research reveals that 5 factors that were used including Return on Assets, Return on Equity, Total Asset Turnover, Fixed Asset Turnover, and Gross Profit Margin did not significantly affect the abnormal return of the acquisition company.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Uncontrolled Keywords: | Abnormal return, Financial performance, Mergers and acquisitions |
| Subjects: | H Social Sciences > HG Finance |
| Divisions: | Faculty of Economic > Finance Management Program |
| Depositing User: | Admin |
| Date Deposited: | 02 Nov 2023 21:22 |
| Last Modified: | 02 Aug 2024 17:01 |
| URI: | https://repository.petra.ac.id/id/eprint/21127 |
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