scholarly journals ANALISIS PENGARUH MERGER DAN AKUISISI TERHADAP KINERJA KEUANGAN PADA PERUSAHAAN SEKTOR NON KEUANGAN YANG TERDAFTAR DI BEI TAHUN 2014 – 2018

account ◽  
2020 ◽  
Vol 7 (2) ◽  
Author(s):  
Rahmat Saleh ◽  
Abdul Kohar
Keyword(s):  
Financial Performance ◽  
Quantitative Data ◽  
Financial Sector ◽  
Financial Statements ◽  
T Test ◽  
Paired Sample ◽  
Purposive Sampling ◽  
Testing Period ◽  
Before And After ◽  
The Difference

ANALISIS PENGARUH MERGER DAN AKUISISI TERHADAP KINERJA KEUANGAN PADA PERUSAHAAN SEKTOR NON KEUANGAN YANG TERDAFTAR DI BEI TAHUN 2014 – 2018 Rahmat Saleh Sekolah Vokasi IPB [email protected] Abdul Kohar Universitas Pakuan Bogor [email protected] ABSTRACTThe purpose of this study is to determine whether there are differences in liquidity, solvency and profitability before and after M&A. This study uses quantitative data in the form of a company's financial statements 4 yearsbefore and after the activities of M&A. This research was conducted on non-financial sector companies listed on the IDX as many as 5 sample companies that conducted M&A in 2014 that were selected using the purposivesampling method. Data were tested using SPSS version 23 with the Paired Sample t Test. The results showed that there were no significant differences except for the difference in DAR in the testing period 1 year prior to 3 years after M&A, DER  in the test period 1 year before and 3 years after M&A, ROA in the testing period of 3 years before with 4 years after, 2 years before with 4 years after M&A, ROE in the testing period 4 years before with 4 years after, 3 years before with 2 years, 4 years after, and 2 years before 2 years, 4 years after M&A. Keywords : Mergers, Acquisitions, Financial Performance, Paired Sample t Test ABSTRAKTujuan penelitian ini adalah untuk mengetahui apakah terdapat perbedaan pada likuiditas, solvabilitas danprofitabilitas sebelum dan sesudah M&A. Penelitian ini menggunakan data kuantitatif berupa laporan keuangan perusahaan 4 tahun sebelum dan sesudah aktivitas M&A. Penelitian ini dilakukan pada perusahaan sektor non keuangan yang terdaftar di BEI sebanyak 5 perusahaan sampel yang melakukan M&A tahun 2014 yang dipilih menggunakan metode purposive sampling. Data diuji menggunakan SPSS 23 dengan uji Paired Sample t Test. Hasil penelitian menunjukkan bahwa tidak ada perbedaan yang signifikan kecuali ada perbedaan pada DAR dalam periode pengujian 1 tahun sebelum dengan 3 tahun sesudah M&A, DER dalam periode pengujian 1 tahun sebelum dengan 3 tahun sesudah M&A, ROA dalam periode pengujian 3 tahun sebelum dengan 4 tahun sesudah,2 tahun sebelum dengan 4 tahun sesudah M&A, ROE dalam periode pengujian 4 tahun sebelum dengan 4 tahunsesudah, 3 tahun sebelum dengan 2 tahun, 4 tahun sesudah, dan 2 tahun sebelum dengan 2 tahun, 4 tahun sesudahM&A. Kata kunci : Merger, Akuisisi, Kinerja Keuangan, Paired Sample t Test

scholarly journals ANALISIS PENGARUH PENGUMUMAN BOND RATING TERHADAP RETURN SAHAM PERUSAHAAN DI BURSA EFEK JAKARTA PERIODE 2012-2014

2017 ◽  
Vol 5 (1) ◽  
Author(s):  
Rinto Noviantoro
Keyword(s):  
Stock Returns ◽  
Stock Return ◽  
Stock Exchange ◽  
T Test ◽  
Bond Rating ◽  
Paired Sample ◽  
Purposive Sampling ◽  
Before And After ◽  
The Difference ◽  
The Impact

Rinto Noviantoro: The purpose of this study to examine the impact of the announcement of bond rating on stock returns prior (the announcement of bond rating), stock return on day (bond rating announcement). Data used are daily stock return by Jakarta Stock Exchange (JSE), bond rating announcement by PT. PEFINDO, and firm are listing in Jakarta Stock Ekchange between 2012 to 2014. This research using 29 emitens as the sample bosed on purposive sampling. This data are analyzed with paired sample t-test and Oneway ANOVA.The analysis indicates that : (1) the defference are not significant between stock return an day bond rating announcement with before day bond rating announcement, (2) the difference are not significant between stock return on day bond rating announcement with after day bond rating announcement, (3) the difference are significant between stock return before bond rating announcement with after bond announcement (4) avarage stock return on day, before and after bond rating announcement are not significant differences.Key words: Obligasi, Return Saham

ANALISIS PENGUKURAN KINERJA KEUANGAN PASCA MERGER DAN AKUISISI PADA PERUSAHAAN YANG TERDAFTAR DI BEI

2017 ◽  
Vol 2 (3) ◽  
pp. 230
Author(s):  
Edi Edi ◽  
Sylvia Rusadi
Keyword(s):  
Financial Performance ◽  
Merger And Acquisition ◽  
Significant Decline ◽  
T Test ◽  
Return On Assets ◽  
Current Ratio ◽  
Net Worth ◽  
Paired Sample ◽  
Purposive Sampling ◽  
Equity Ratio

<p><em>This paper examinea</em><em>n</em><em>effect of the financial performance of post-merger and acquisition. The financial performance is measured by using ratios, such as return on net worth, return on assets, current ratio, quick ratio, and debt to equity ratio.The samples are firms which did merger and acquisition activity during the years 200</em><em>3</em><em>-2011 and that listed on Indonesia Stock Exchange. Data which used in this research is the annual financial report three years before and three years after the mergers and acquisitions by using purposive sampling method. Analysis of the data used to test the hypothesis using paired sample t-test</em>. <em>The results of this study indicate merger firms are having decline performance, debt to equity ratio show significant decline, and other ratios also got decline, though not significant. On the other side, return on net worth and return on assets has significant decline after acquisition, except for current ratio which have insignificant decline after acquisition. </em><em>Quick</em><em> ratio and debt to equity ratio has insignificant improvements after acquisition.</em><em></em></p><br />Artikel ini meneliti pengaruh kinerja keuangan pasca merger dan akuisisi. Kinerja keuangan diukur dengan menggunakan rasio, seperti <em>return on net worth</em>,<em> return on </em><em>asssets, current ratio, quick ratio, </em>dan <em>debt to equity ratio.</em>Sampel yang digunakan adalah perusahaan yang melakukan aktivitas merger dan akuisisi selama tahun 2003-2011 dan yang terdaftar di Bursa Efek Indonesia. Data yang digunakan dalam penelitian ini adalah laporan keuangan tahunan 3 tahun sebelum dan 3 tahun sesudah merger dan akuisisi dengan menggunakan metode <em>purposive sampling</em>. Analisis data yang digunakan untuk uji hipotesis menggunakan <em>paired sample t-test</em>.Hasil dari penelitian ini menunjukkan bahwa perusahaan merger mengalami penurunan kinerja, <em>debt to equity ratio</em> menunjukkan penurunan yang signifikan, dan rasio lainnya juga mendapat penurunan, meskipun tidak signifikan. Di sisi lain<em>, return on net worth</em> dan <em>return on assets</em> memiliki penurunan yang signifikan setelah akuisisi, kecuali untuk <em>current ratio</em> yang memiliki penurunan yang tidak signifikan setelah akuisisi. <em>Quick ratio</em> dan <em>debt to equity ratio</em> memiliki peningkatan yang tidak signifikan setelah akuisisi.

scholarly journals KADAR KLORIDA SERUM PADA LATIHAN FISIK INTENSITAS SEDANG MAHASISWA FAKULTAS KEDOKTERAN UNIVERSITAS SAM RATULANGI

2014 ◽  
Vol 2 (1) ◽  
Author(s):  
Roy Johannes ◽  
Diana S. Purwanto ◽  
Stefana H. M. Kaligis
Keyword(s):  
Sampling Method ◽  
Extracellular Fluid ◽  
T Test ◽  
Moderate Intensity ◽  
Electrolyte Balance ◽  
Moderate Intensity Exercise ◽  
Paired Sample ◽  
Purposive Sampling ◽  
Serum Chloride ◽  
Before And After

Abstract: Chloride as the major anion in the extracellular fluid plays a role in maintaining fluid and electrolyte balance. One of the factors that influence the levels of serum chloride is sweating during physical exercise. This study aimed to determine  the differenceof serum chloride levels before and after moderate intensity exercise in the students of Faculty of Medicine year 2010 Sam Ratulangi University. This is a pre-exsperimental research with pretest and posttest design with 30 students as samples. The samples were chosen using purposive sampling method and the results were analyzed using paired-sample t-test. The results showed the average levels of serum chloride before and after moderate intensity exercise are 106,10 mEq/L and 107,37 mEq/L while paired-sample t-test significance value (p) is 0,000. From the results can be concluded that there is a significant differences in serum chloride levels before and after moderate intensity exercise in the students of Faculty of Medicine year 2010 Sam Ratulangi University. Keyword: serum chloride, moderate intensity exercise, student of Faculty of Medicine Sam Ratulangi University   Abstrak: Klorida sebagai anion utama dalam cairan ekstraselular berperan dalammemelihara keseimbangan cairan dan elektrolit. Salah satu faktor yang mempengaruhi kadar klorida serum yaitu keluarnya keringat saat melakukan latihan fisik. Tujuan penelitian ini untuk mengetahui perbedaan kadar klorida serum sebelum dan sesudah latihan fisik intensitas sedang pada mahasiswa Fakultas Kedokteran Universitas Sam Ratulangi angkatan 2010. Penelitian ini merupakan penelitian pre-eksperimental dengan pretest-posttest design, dengan jumlah sampel 30 orang. Sampel penelitian dipilih dengan purposive sampling dan dianalisis dengan uji t berpasangan. Hasil yang diperoleh menunjukkan bahwa rata-rata kadar klorida serum sebelum melakukan latihan fisik intensitas sedang adalah 106,10mEq/L, sedangkan rata-rata kadar klorida serum sesudah melakukan latihan fisik intensitas sedang adalah 107,37 mEq/L. Nilai signifikansi uji t berpasangan pada penelitian ini adalah p=0,000. Dari penelitian ini dapat disimpulkan bahwa terdapat perbedaan signifikan kadar klorida serum sebelum dan sesudah latihan fisik intensitas sedang pada mahasiswa Fakultas Kedokteran Universitas Sam Ratulangi Angkatan 2010. Kata kunci: klorida serum, latihan fisik intensitas sedang, mahasiswa Fakultas Kedokteran Universitas Sam Ratulangi

scholarly journals ANALISA KINERJA KEUANGAN PADA TRANSFORMASI PNPM MANDIRI MENJADI PROGRAM KOTA TANPA KUMUH DI KOTA BIMA

2020 ◽  
Vol 3 (1) ◽  
pp. 12-16
Author(s):  
Ida Nurillah ◽  
Wulandari W
Keyword(s):  
At Risk ◽  
Financial Performance ◽  
Return On Investment ◽  
Hypothesis Test ◽  
Descriptive Analysis ◽  
Sampling Technique ◽  
T Test ◽  
Purposive Sampling ◽  
Coverage Ratio ◽  
Before And After

Abstract—This research aims to describe the differences in UPK BKM Financial Performance before and after the transformation of PNPM MP into the KOTAKU Program in Bima City. UPK's financial performance is proxied using Loans at Risk (LAR), Portfolio at Risk (PAR), Return on Investment (ROI) and Cost Coverage Ratio (CCr). The type of this research is descriptive analysis. The populationin in this research includes all UPK BKM in Bima City totaling 38 UPK BKM with a sample of 5 UPK BKM. The sampling technique uses purposive sampling. This technique is conducted by collecting data with documentation. Moreover, the data analysis technique used in this study is the analysis of the normality test and t-test hypothesis test. The results of the research show that : (1) There are differences in the Loans at Risk (LAR) before and after the transformation of PNPM MP into the KOTAKU Program. (2) There are differences in the Portfolio at Risk (PAR) before and after the transformation of PNPM MP into the KOTAKU Program. (3) There are differences in Return on Investment (ROI) before and after the transformation of PNPM MP into the KOTAKU Program. (4) There are differences in Cost Coverage (CCr) before and after the transformation of PNPM MP into the KOTAKU Program. Keywords:  LAR, PAR, ROI, CCr   Abstrak-Penelitian ini bertujuan untuk memaparkan perbedaan Kinerja Keuangan UPK BKM sebelum dan sesudah transformasi program PNPM Mandiri Perkotaan menjadi Program KOTAKU di Kota Bima. Kinerja Keuangan UPK diproksikan menggunakan Loan at Risk (LAR), Portofolio at Risk (PAR), Return on Investment (ROI) dan Cost Coverage Ratio (CCr). Jenis penelitian ini yaitu analisis deskriptif. Populasi mencakup seluruh UPK BKM di Kota Bima yang berjumlah 38 UPK BKM dengan sampel berjumlah 5 UPK BKM. Teknik pengambilan sampel menggunakan teknik purposive sampling, teknik pengumpulan data dengan dokumentasi dan teknik analisis data yang digunakan dalam penelitian ini adalah  analisis uji normalitas dan uji hipotesis t-test. Hasil penelitian yang telah dilakukan        menunjukkan bahwa: (1) Terdapat perbedaan pada Loans at Risk (LAR) sebelum dan sesudah transformasi PNPM Mandiri Perkotaan menjadi Program KOTAKU. (2) Terdapat perbedaan pada Portfolio at Risk (PAR) sebelum dan sesudah transformasi PNPM Mandiri Perkotaan menjadi Program KOTAKU. (3) Terdapat perbedaan pada Return on Investment (ROI)    sebelum dan sesudah transformasi PNPM Mandiri Perkotaan menjadi Program KOTAKU. (4) Terdapat perbedaan pada Cost Coverage (CCr) sebelum dan sesudah transformasi PNPM Mandiri Perkotaan menjadi Program KOTAKU.  Kata kunci : LAR, PAR, ROI, CCr.     

scholarly journals Implementasi Pendekatan Taktis Terhadap Hasil Keterampilan Bermain Sepak Takraw

2018 ◽  
Vol 2 (1) ◽  
pp. 34
Author(s):  
Juliustian Erland ◽  
Sucipto Sucipto ◽  
Didin Budiman
Keyword(s):  
Data Analysis ◽  
Research Method ◽  
Sampling Technique ◽  
T Test ◽  
Control Group ◽  
Class V ◽  
Paired Sample ◽  
Purposive Sampling ◽  
Before And After ◽  
And Control

This study discusses the implementation of a tactical approach to the results of sepak takraw playing skills for students of SDN 201 Sukaluyu Bandung. The research method to be used was an experimental method. The sampling technique in this study was purposive sampling. The sample in this study were 32 students. The instrument used was GPAI. The results of data analysis using paired sample t-test test, showed the significance value of the results of sepak takraw playing skills for students both in the experimental and control group classes of Sukaluyu Bandung Elementary School 201, as much as 0.000 <0.05. Therefore, Ho is rejected, which means there are differences in the ability of class V students SDN 201 Sukaluyu Bandung in playing Sepak Takraw during before and after using a tactical approach and there is an influence on the ability to sepak takraw playing skills. AbstrakPenelitian ini mengkaji tentang implementasi pendekatan taktis terhadap hasil keterampilan bermain sepak takraw pada siswa SDN 201 Sukaluyu Bandung. Metode penelitian yang digunakan adalah metode eksperimen. Teknik pengambilan sampel dalam penelitian ini adalah Purposive sampling. Sampel dalam penelitian ini sebanyak 32 siswa. Instrument yang digunakan adalah GPAI. Hasil analisis data dengan menggunakan uji paired sample t-test, menunjukkan nilai signifikansi hasil bermain sepak takraw  pada siswa baik pada kelas eksperimen maupun kontrol di SDN 201 Sukaluyu Bandung, sebasar 0,000 < 0.05. Dengan demikian maka Ho ditolak, yang artinya terdapat perbedaan kemampuan siswa kelas V SDN 201 Sukaluyu Bandung dalam bermain Sepak Takraw antara sebelum dan setelah menggunakan pendekatan taktis dan terdapat pengaruh terhadap kemampuan bermain sepak takraw. 

ANALISIS ABNORMAL RETURN PORTOFOLIO WINNER - LOSER PADA PERUSAHAAN YANG TERDAFTAR DI INDEKS KOMPAS 100

2021 ◽  
Vol 3 (1) ◽  
pp. 88-97
Author(s):  
Jessica Willa Wiranata ◽  
Anastasia Sri Mendari
Keyword(s):  
Abnormal Return ◽  
Stock Exchange ◽  
Sampling Technique ◽  
T Test ◽  
Paired Sample ◽  
Purposive Sampling ◽  
Testing Period ◽  
Stock Portfolios ◽  
Significant Difference ◽  
Stock Portfolio

This study aims to analyze whether there is a difference in abnormal return average of stock portfolios in winner and loser categories during two different periods namely formation and testing periods to test winner-loser anomaly occurrence. The population of this study was the companies listed in the Kompas 100 Index of Indonesia Stock Exchange from February 2015 to July 2019. A number of 44 companiesused as the samples of this study which selected by using the purposive sampling technique. Parametric paired sample t-test and nonparametric Wilcoxon signed ranks test were used to analyze the data that processed by using SPSS program. The results show that the abnormal return average of the winner stock portfolio and loser stock portfolio in the formation period has a significant difference with the abnormal return average of the winner stock portfolio and loser stock portfolio in the testing period.

scholarly journals Analisis Kinerja Keuangan Perusahaan Sebelum dan Sesudah Right Issue di BEI

2018 ◽  
Vol 7 (3) ◽  
pp. 1623
Author(s):  
Guido Gian Layuk Runtung ◽  
I Putu Yadnya
Keyword(s):  
Data Analysis ◽  
Financial Performance ◽  
Research Data ◽  
T Test ◽  
Financial Ratios ◽  
Paired Sample ◽  
Analysis Technique ◽  
Significant Difference ◽  
Before And After ◽  
The Right

The Purpose of this study was to analyze the diffrences in financial performance before and after right issue. Right issue a corporate action by the company by issuing new shares offered to existing shareholders. Sampling in this study using method purposive sampling. The samples in this research are 33 companies that conduct period 2011 – 2015. The financial performance in will be analysis through the five financial ratios namely CR, DER, TAT, ROA, and PER. This research data analysis technique using paired sample t test and Wilcoxon signed ranks test. The results showed that significant diffrences in TAT ratio before and after the right issue. While the research for the ratios of CR, DER, ROA, and PER showed no significant difference before and after right issue. These result indicate that the company’s financial performance two years after the right issue is more efficient in utilizing company’s assets in order to increase sales.

scholarly journals Analisis Perbedaan Kinerja Keuangan Rumah Sakit Sebelum dan Sesudah Kebijakan Tanpa Uang Muka

2019 ◽  
Vol 12 (1) ◽  
pp. 32
Author(s):  
Arifin Arifin ◽  
Amal Chalik Sjaaf
Keyword(s):  
Financial Performance ◽  
Research Method ◽  
Positive Impact ◽  
Hospital Management ◽  
T Test ◽  
Payment Policy ◽  
Paired Sample ◽  
Hospital Financial Performance ◽  
Before And After

The upfront payment policy in the hospital caused controversy and rejection from the society. To anticipate this, some hospitals apply no upfront payment policy. However the policy causes an increase in bad debts. Seeing this dilemma, the authors will conduct research to analyze the different of hospital financial performance before and after no upfront payment policy. The research method used is comparative descriptive with analyzed by paired sample t-test. The result was no upfront payment policy has a positive impact on hospital financial performance. The results of this study were expected to be an input for hospital management and government to revise and refine on the upfront payment policy.

scholarly journals Pelatihan Pijat Oksitosin Pada Keluarga Ibu Nifas Di RSUP Dr. Soeradji Tirtonegoro Klaten

2018 ◽  
Vol 3 (1) ◽  
Author(s):  
Paryono Paryono
Keyword(s):  
Breast Milk ◽  
Post Partum ◽  
T Test ◽  
Average Score ◽  
Observation Data ◽  
Central Tendency ◽  
Paired Sample ◽  
Before And After ◽  
The Difference ◽  
Research Type

Abstract: Training Of Oxytocin Massage, Postpartum Family. Training is a a shortterm investment to help improve a person's ability to perform his/ her duties. The oxytocin massage can be done by the nearest person or post partum family. Tthe lack knowledge on postpartum family about oxytocin massage causes the need for information about the oxytocin massage. In order for information about oxytocin massage is more easily delivered then the business of oxytocin massage training to the post partum family. If the postpartum family can do the oxytocin massage, the milk production (ASI) becomes smooth and the baby gets enough breast milk. Goal this research was to know the difference of oxytocin massage skills before and after being trained in the postpartum family in dr. Soeradji Tirtonegoro Klaten hospital. The research type is quasi experiment with one group pretest-posttest research design. The population in this study is the postpartum family in Melati I room dr. Soeradji Tirtonegoro Klaten hospital. Samples taken are the postpartum families who was given the training of oxytocin massage is 30 people. Data collection was done by intervening in oxytocin massage training and observation. Data were analyzed univariant with central tendency and bivariant analysis with Paired Sample t-test. Univariant analysis showed that the average score of oxytocin massage skills in the postpartum family before training 2.2 + 4.65 and the average score of oxytocin massage skills in the postpartum family after receiving training 16.6 + 0.49. The bivariant analysis hows that the value of t test -17.124 (-17.124> -2.045 <2.045). It proves that Ho is rejected and Ha accepted which means there is a difference in oxytocin massage kills before and after being trained in the postpartum family in dr. Soeradji Tirtonegoro Klaten hospital.

scholarly journals Impact of Merger on HDFC Bank Financial Performance: A CAMEL Analysis Approach

2021 ◽  
Vol 13 (8) ◽  
pp. 31
Author(s):  
Shweta Yadav ◽  
Jonghag Jang
Keyword(s):  
Financial Performance ◽  
Statistical Significance ◽  
Secondary Data ◽  
T Test ◽  
Analysis Approach ◽  
Paired Sample ◽  
Research Technique ◽  
Time Period ◽  
Before And After ◽  
The Impact

The main purpose of this study is to examine the impact on financial performance of HDFC Bank before and after the merger and to compare the pre and post-merger effect caused on its financial performance by CAMEL Analysis. The data used in the study is secondary data covering total time period of ten years which include five year prior merger (2003-2008) and five year of post-merger period (2009-2014). The research technique used in this study is CAMEL Analysis. Paired sample T-test has been also conducted to check the statistical significance difference between before and after merger CAMEL ratios and to measure the effect of merger on financial performance. The result showed that the financial performance of HDFC increased after the merger and positively impacted by the act of merger.

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