Analisis Perbedaan Kinerja Keuangan Sebelum dan Sesudah Mengakuisisi
DOI:
https://doi.org/10.47065/arbitrase.v6i1.2548Keywords:
Acquisition; Financial Performance; Liquidity Rasio; Solvency Rasio; Activity Rasio; Profitability RatioAbstract
An acquisition is a merger of two companies in which the acquiring company buys part of the shares of the acquired company, so that the management control of the acquired company is transferred to the acquiring company, while the two companies each continue to operate as an independent legal entity. The purpose of the acquiring company acquiring a company includes expanding the company's business, increasing the company's synergy, etc. In this case, the purpose of PT Sumber Alfaria Trijaya, Tbk acquiring PT Global Loyalty Indonesia is to strengthen the synergy of the joint member point program (membership program) developed by PT Global Loyalty Indonesia. This study aims to analyze the financial performance before and after the acquisition. The subject of this research is PT Sumber Alfaria Trijaya, Tbk. which acquired PT Global Loyalty Indonesia. Descriptive and quantitative research methods using the Financial Ratio Analysis method, namely Liquidity, Solvency, Activity, and Profitability. Data analysis techniques use normality tests, descriptive statistical tests and different tests. The data used in this study are the financial statements of PT Sumber Alfaria Trijaya, Tbk. before the acquisition (2015-2018) and after the acquisition (2020-2023). The results showed that the majority of ratios did not differ between before and after the acquisition, which means that the purpose of PT Sumber Alfaria Trijaya, Tbk acquiring PT Global Loyalty Indonesia has not been fully successful during the study period.
Downloads
References
Agustin & Widhiastuti. (2021). Dampak Merger Dan Akuisisi Pada Kinerja Keuangan (Studi Kasus Sektor Perbankan Di Indonesia). Remittance: Jurnal Akuntansi Keuangan Dan Perbankan, 2(2), 16–24. https://doi.org/10.56486/remittance.vol2no2.127
Al umar, A. ulil albab, & Nur Savitri, A. S. (2020). Analisis Pengaruh Roa, Roe, Eps Terhadap Harga Saham. Jurnal Analisa Akuntansi Dan Perpajakan, 4(2). https://doi.org/10.25139/jaap.v4i2.3051
Azlina, Y. (2022). Analisa Kinerja Keuangan PT. Sumber Alfaria Trijaya TBK Dengan Menggunakan Metode Altman Z-Score. Jurnal Manajemen Dan Bisnis, 03(02), 107–118.
Dewi, P. Y. K., & Suryantini, N. P. S. (2018). Analisis Perbandingan Kinerja Keuangan Perusahaan Sebelum Dan Sesudah Akuisisi. E-Jurnal Manajemen Universitas Udayana, 7(5), 2323. https://doi.org/10.24843/ejmunud.2018.v07.i05.p01
Fahmi, I. (2017). Analisis Laporan Keuangan. Alfabeta.
Ghozali, I. (2018). Aplikasi Analisis Multivariate dengan Program IBM SPSS 25. Badan Penerbit Universitas Diponegoro.
Hamzah Mubarok, Muhamad Yudi Aliudin, Wildan Ma’arif, & Riki Gana Suyatna. (2024). Analisis Kinerja Keuangan Perusahaan Yang Terdaftar Di Bursa Efek Indonesia (BEI) Sebelum Dan Sesudah Akuisis. Maslahah?: Jurnal Manajemen Dan Ekonomi Syariah, 2(2), 116–122. https://doi.org/10.59059/maslahah.v2i2.1032
Harahap, S. S. (2018). Analisis Kritis Atas Laporan Keuangan. Raja Grafindo Persada.
Hery. (2018). Analisis Laporan Keuangan?: Integrated and Comprehensive Edition. (3rd ed.). PT Gramedia.
Hery, S. E. (2016). Analisis Laporan Keuangan-Integrated and Comprehensive Edition. Gramedia Widiasarana Indonesia.
Kasmir. (2023). Analisis Laporan Keuangan (2023rd ed.). PT Rajagrafindo Persada.
PT Global Loyalty Indoneisa (GLI). (2024). Produk Alfagift.
Putri, Yasa, I. N. P. Y., & Julianto, I. P. J. (2020). Mengungkap Dampak Akuisisi Terhadap Kinerja Keuangan Perusahaan. JIMAT (Jurnal Ilmiah Mahasiswa Akuntansi) Undiksha, 11(3), 527–537.
Rachna, Gupta dan Kr. Gupta, D. S. (2013). Measuring Postmerger And Acquitision Financial Performance In Selected Indian Pharmaceutical Industry. Intenasional Journal of Management Research And Review, 3(17), 3698–3702.
Rahmwati, Ita; Sa’adah, Lailatus; Amalia, N. (2020). Faktor Diskon, Bonus Pack dan In Store Display serta Pengaruhnya terhadap Pembelan Impulsif.
Riyanto, B. (2015). Dasar-Dasar Pembelanjaan Perusahaan. Liberty.
Saputri, K. D., & Nugroho, H. S. (2022). Perbedaan Kinerja Keuangan Sebelum dan Sesudah Akuisisi Pada Perusahaan Pengakuisisi. Jurnal Cross Border, 5(2), 1393–1405. http://journal.iaisambas.ac.id/index.php
Subramanyam, K. R. (2017). Analisis Laporan Keuangan (11th ed.). Salemba Empat.
Sugiyono. (2018). Metode Penelitian Kuantitatif, Kualitatif, dan R&D.
Bila bermanfaat silahkan share artikel ini
Berikan Komentar Anda terhadap artikel Analisis Perbedaan Kinerja Keuangan Sebelum dan Sesudah Mengakuisisi
ARTICLE HISTORY
Issue
Section
Copyright (c) 2025 Tiara Putri Permana, Riyanti, Budi Wahyudi, Dini Dwi Ermawati
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under Creative Commons Attribution 4.0 International License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (Refer to The Effect of Open Access).
