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.
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.
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