The Financial Performance of Acquired Firms on Energy and Consumer Sectors in Indonesia

This research aims to examine the differences in the average
financial performance one year before and one year after
mergers and acquisitions in publicly traded companies listed
on the Indonesia Stock Exchange, particularly in the energy
and consumer sectors. The sample size used consists of 20
companies in the energy sector, 20 companies in the
consumer sector, and 44 companies in other sectors that
went through mergers and acquisitions within the period of
2016 to 2020. Data processing was carried out using a
Paired Sample T-Test with the assistance of SPSS version
26. The research results indicate that there is an increase in
the market prospect ratio, leverage ratio, and efficiency ratio
one year after mergers and acquisitions for acquiring
companies in the energy and consumer goods sectors.
Meanwhile, there is a decrease in the profitability ratio and
liquidity ratio one year after mergers and acquisitions for
acquiring companies in the energy and consumer goods
sectors. This confirms that mergers and acquisitions
contribute to the differences in the financial performance of
acquiring companies in the energy and consumer goods
sectors in Indonesia