Manajemen Laba Dan Kinerja Keuangan Perusahaan Pengakuisisi Sebelum Dan Setelah Merger

MANAJEMEN LABA DAN KINERJA KEUANGAN PERUSAHAAN PENGAKUISISI SEBELUM DAN SETELAH MERGER
Novi Puji Lestari
PT. Dwikarya Indonesia Mandiri
E-mail: novipl_biru2511@yahoo.co.id
ABSTRACT
 
The purpose of this study is to obtain empirical evidence of whether the acquirers perform earnings management prior to implementation of the acquisition. This type of research is a comparative study which compares the financial performance before and after the company making acquisitions. Analysis of financial performance is using financial ratios, including profitability, and activity. The results of data analysis shows that there was no indication of earnings management before the acquisitions conducted by the acquirer with Increasing income accruals. Furthermore, the company’s financial performance as measured by the ratio of total asset turnover, net profit margin, returns on assets after the acquisition has a difference in the negative direction. The conclusion is that the acquirers before the acquisition are not convicted of earnings management with increasing income accrual. Acquirer’s financial performance before and after the acquisitions have a difference, but the condition of the company is in sound condition.

Keywords: Acquisitions, earnings management, financial performance