The Effect of Mergers on Financial Performance PT. Bank Woori Saudara Indonesia 1906, Tbk

The Mergers are carried out by the companies to get a number of benefits. Mutually beneficial conditions will occur if the merger activities carried out can create the synergy, which finally, it is expected to improve the company's performance. This study aims to determine whether the financial performance after the merger has changed or not. The financial ratios studied are financial ratios four years after the merger and before the merger. This research was conducted by quantitative methods, by taking data from PT. Bank Woori Saudara Indonesia 1906, Tbk, which has merged in 2014 and has engaged in banking financial services. Sampling in this study uses quota sampling. the data is obtained from one bank, that is, a bank which has merged. The parametric test used to answer the hypothesis in this study was the Paired Sample T-Test. The results of this study indicate that in partial testing of the seven financial ratios, there was a significant difference in the ratio of BR and EPS, while the CAR, TATO, NPM, ROI, and ROE ratios showed no significant differences. So the merger process carried out by banks does not show a significant difference because the synergy has not yet been achieved after the merger.

Download Full-text

Analisis Kinerja Keuangan Perusahaan Sebelum dan Sesudah Right Issue di BEI

E-Jurnal Manajemen Universitas Udayana ◽

10.24843/ejmunud.2018.v7.i03.p18 ◽

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.

Download Full-text

Analisis Perbandingan Kinerja Keuangan Bank Umum Syariah Hasil Spin-Off dan Hasil Akuisisi

Journal of Applied Islamic Economics and Finance ◽

10.35313/jaief.v1i1.2408 ◽

2020 ◽

Vol 1 (1) ◽

pp. 233-245

Author(s):

Bagus Jaya Firdaus ◽

Diharpi Herli Setyowati

Keyword(s):

Data Analysis ◽

Financial Performance ◽

Commercial Bank ◽

Commercial Banks ◽

Hypothesis Test ◽

T Test ◽

Financial Ratios ◽

Annual Data ◽

Analysis Technique ◽

Significant Difference

This research is a study that compares the financial performance of Sharia Commercial Bank spin-off and acquisition. This research used BJB Syariah Bank and BNI Syariah Bank as a sample from Syariah Bank of spin-off result meanwhile Bank BRI Syariah, Bank BCA Syariah, and Bank Syariah Bukopin as sample from Sharia Public Bank of acquisition result. This research uses annual data for the period 2015-2017. Data analysis technique used is different test by using hypothesis test Independent Sample T-Test and the Mann Whitney U Test. The results of this study indicate that from the results of different tests there is no significant difference from the financial performance of the Islamic Commercial Banks resulting from spin-offs and the results of Acquisitions in financial ratios CAR, ROA, FDR, NPF, and BOPO.

Download Full-text

ANALISIS NILAI TUKAR PETANI BUNGA KRISAN PADA ANGGOTA KELOMPOK TANI GEMAH RIPAH DI DUSUN CLAPAR DESA DUREN KECAMATAN BANDUNGAN KABUPATEN SEMARANG

SOCA: Jurnal Sosial Ekonomi Pertanian ◽

10.24843/soca.2019.v13.i03.p06 ◽

2019 ◽

Vol 13 (3) ◽

pp. 355

Author(s):

Lana Khusnia Shifa ◽

Kustopo Budiraharjo ◽

Wiludjeng Roessali

Keyword(s):

Exchange Rate ◽

Research Method ◽

Quantitative Methods ◽

T Test ◽

Production Costs ◽

Small Scale ◽

Test Results ◽

Paired Sample ◽

Significant Difference ◽

Regression Test

Chrysanthemum flowers are a commodity that has the potential to be used as a source of income. Problems that often in chrysanthemum farming are the relatively small scale of farming, unstable price fluctuations and lack of knowledge of farmers on the calculation of production costs and income. Farmer welfare can be measured by farmer exchange rate. This study aims to analyze the NTP in 2017 with 2018 and to analyze the factors that influence the NTP of chrysanthemum flowers. This research was conducted in october 2018 at the gemah ripah farmer group. The research method used is the census method. The number of respondents is 30 people who are members of the gemah ripah farmer group. The method of analisys uses quantitative methods by calculating chrysanthemum NTP, paired sample T-test and multiple linier regression test. The results of the analysis show that NTP in 2017 is 175% up to 179% in 2018, this means that farmers are in a prosperous condition. The paired sample T-test results showed a significant difference between NTP in 2017 and 2018 with a significance value of 0,017 < 0,05. Variable area of land, production costs, receipt of chrysanthemum farming, household expenses and family members significantly influence the NTP of chrysanthemum.

Download Full-text

Analisis Kinerja Keuangan dan Ekonomi Pemerintah Daerah Sebelum dan Setelah Pemekaran

EFFICIENT Indonesian Journal of Development Economics ◽

10.15294/efficient.v2i2.29162 ◽

2019 ◽

Vol 2 (2) ◽

pp. 436-451

Author(s):

Muhamad Nur Salim

Keyword(s):

Financial Performance ◽

Fiscal Decentralization ◽

T Test ◽

Gdp Per Capita ◽

Financial Independence ◽

Paired Sample ◽

Low Degree ◽

Significant Difference ◽

Before And After ◽

Per Capita

The expansion in 2008 generate 30 new autonomous region of 21 parent area. Papua is a region with the second largest carrier regions undergoing expansion in 2008 that is as much as four regional carriers. Four areas of the stem has abundant natural resources, which if managed with optimal will make an impact on donations of original income areas to areas in Papua region. But in point of fact many areas in Papua which is undergoing expansion in 2008 has a low degree of fiscal decentralization before and after undergoing expansion. This indicated a still low level of contributions to the total income of the PAD area. The purpose of this research was to analyze financial performance differences in the degree of fiscal decentralization aspect and the financial independence of the region as well as the performance of the economy in the aspect of the growth of GDP per capita and the degree of poverty before and after undergoing expansion. The sample in this study consists of four district/parent area in Papua. This research method using statistical analysis descriptive quantitative analysis techniques with test paired sample t-test. The result there is a significant difference to the level of poverty in all districts, there is a significance to the growth of GDP per capita in the Regency of Puncak Jaya, and there was no significant difference in financial performance, namely the degree of fiscal decentralization and financial independence of the area before and after the expansion. Pemekaran pada tahun 2008 menghasilkan 30 daerah otonomi baru dari 21 daerah induk. Papua adalah wilayah dengan daerah induk terbanyak kedua yang mengalami pemekaran pada tahun 2008 yaitu sebanyak empat daerah induk. Ke-empat daerah induk tersebut mempunyai sumber daya alam yang melimpah, yang apabila dikelola dengan optimal akan memberi dampak pada sumbangan pendapatan asli daerah bagi daerah di wilayah Papua. Namun pada nyatanya banyak daerah di Papua yang mengalami pemekaran tahun 2008 memiliki nilai derajat desentralisasi fiskal yang rendah sebelum dan setelah mengalami pemekaran. Hal ini mengindikasikan masih rendahnya kontribusi PAD terhadap total pendapatan daerah. Tujuan penelitian ini untuk menganalisis perbedaan kinerja keuangan dalam aspek derajat desentralisasi fiskal dan kemandirian keuangan daerah serta kinerja ekonomi dalam aspek pertumbuhan PDRB per kapita dan tingkat kemiskinan sebelum dan setelah mengalami pemekaran. Sampel dalam penelitian ini terdiri dari empat kabupaten/ daerah induk di Papua. Metode penelitian ini menggunakan analisis statistik deskriptif kuantitatif dengan teknik analisis uji paired sample t-test. Hasilnya terdapat perbedaan yang signifikan untuk tingkat kemiskinan di semua kabupaten, terdapat signifikansi pada pertumbuhan PDRB per kapita di Kabupaten Puncak Jaya, dan tidak terdapat perbedaan yang signifikan pada kinerja keuangan yaitu derajat desentralisasi fiskal dan kemandirian keuangan daerah sebelum dan setelah mengalami pemekaran.

Download Full-text

Analisa Dampak Covid-19 terhadap Kinerja Keuangan Perusahaan Pembiayaan di Indonesia

Jurnal Bisnis, Manajemen, dan Ekonomi ◽

10.47747/jbme.v2i2.217 ◽

2021 ◽

Vol 2 (2) ◽

pp. 22-29

Author(s):

Maria Esomar

Keyword(s):

Financial Performance ◽

Financial Services ◽

Secondary Data ◽

T Test ◽

Return On Assets ◽

Return On Equity ◽

Paired Sample ◽

The Public ◽

Before And After ◽

The Impact

The financing industry in Indonesia faces significant challenges due to the Covid-19 pandemic. The amount of financing channeled to the public and debtors’ ability to pay decreases. The purpose of this study is to analyze the impact of Covid-19 on the financial performance of finance companies by analyzing financial ratios, namely the Financing to Deposit Ratio (FDR), NPF (NonPerforming Financing (NPF) Return on Assets (ROA) and Return on Equity (ROE). This study applies a quantitative approach because the data collected are numbers. The data used are secondary data in the form of finance company statistics published by the Financial Services Authority (OJK), within the period of 9 months before (June 2019 - February 2020) and 9 months after (April 2020 - December 2020) the announcement of the first Covid-19 case in Indonesia on March 2nd, 2020. The test is conducted using th Paired Sample T-Test. The results of the data processing display that there are differences in the financial performance of finance companies in Indonesia before and after the Covid-19 which can be seen from the results of the Table of Paired Sample T-Test for the ratio of FDR, NPF, ROA, and ROE. Keywords : Financial performance, FDR, NPF, ROA, ROE

Download Full-text

Analisis Perbandingan Kinerja Keuangan Bank Umum Syariah Hasil Spin-Off dan Hasil Akuisisi

Journal of Applied Islamic Economics and Finance ◽

10.35313/jaief.v1i1.168 ◽

2020 ◽

Vol 1 (1) ◽

pp. 233-245

Author(s):

Bagus Jaya Firdaus ◽

Diharpi Herli Setyowati

Keyword(s):

Data Analysis ◽

Financial Performance ◽

Commercial Bank ◽

Commercial Banks ◽

Hypothesis Test ◽

T Test ◽

Financial Ratios ◽

Annual Data ◽

Analysis Technique ◽

Significant Difference

Download Full-text

Financial Performance Analysis of SMEs Before and After Initial Public Offering (IPO) on the Indonesia Stock Exchange (IDX)

BISE Jurnal Pendidikan Bisnis dan Ekonomi ◽

10.20961/bise.v4i2.27016 ◽

2018 ◽

Vol 4 (2) ◽

pp. 87

Author(s):

Budi Wahyono

Keyword(s):

Performance Analysis ◽

Financial Performance ◽

Initial Public Offering ◽

Stock Exchange ◽

T Test ◽

Paired Sample ◽

Significant Difference ◽

Before And After ◽

And Performance ◽

Public Offering

SME funding needs have not been fully met. IPO is one of the efforts that can be done by SMEs to meet these funding needs. However, it is not yet known whether the financial performance of SMEs will increase after conducting an IPO. This study aims to analyze the financial performance of SMEs before and after the IPO. The sample of this study is SMEs that listed on the IDX in 2017, which is as many as five SMEs. SME financial performance is measured through three SME financial ratios, namely liquidity, solvency, and profitability. The paired sample t-test was used to compare the financial performance of SMEs before and after the IPO. The results showed that there is no significant difference in the financial performance of SMEs before and after the IPO. The results of this study provide recommendations for further research related to the valuation and performance of SME IPOs.

Download Full-text

ANALISIS PERBANDINGAN KINERJA KEUANGAN BANK SYARIAH DENGAN BANK KONVENSIONAL

JURNAL AKUNTANSI ◽

10.37932/ja.v8i2.68 ◽

2020 ◽

Vol 8 (2) ◽

pp. 94-108

Author(s):

Harri Yuni Rachman ◽

Lela Nurlaela Wati ◽

Refren Riadi

Keyword(s):

Financial Performance ◽

Asset Management ◽

Commercial Banks ◽

Analytical Tool ◽

T Test ◽

Financial Ratios ◽

Capital Asset ◽

Financial Valuation ◽

Significant Difference

This research aims to determine the level of readiness of national banks, especially Sharia Commercial Banks in facing business competition in 2023 in terms of the company's financial performance aspects. The sample in this study was three (3) commercial banks three (3) Syaria Bank for the period 2014 - 2018. The analytical tool used to prove the hypothesis in this study is the independent sample t-test. The information used to measure bank financial performance is based on Bank Financial Publication Reports for the period 2014 - 2018 using CAMEL (Capital, Asset, Management, Earning, and Liquidity) financial valuation indicators summarized in CAR, BOPO, LDR, NIM financial ratios, ROA and NPL. The result of this study showed that there were significant differences, especially the BOPO, ROA and NPL indicators. As for the CAR, LDR and NIM indicators, there was no significant difference. However, when viewed from all aspects of indicators, Islamic Commercial Banks have not been able to show better financial performance compared to Conventional Commercial Banks

Download Full-text

STUDI KOMPARASI KEPUTUSAN PEMBELIAN ANTARA AYAM GEPREK ABANG IRENG UMS DAN AYAM GEPREK KUMLOT UMS

JURNAL ILMIAH EDUNOMIKA ◽

10.29040/jie.v4i02.1257 ◽

2020 ◽

Vol 4 (02) ◽

Author(s):

Metdi Permadi ◽

Siti Maryam ◽

Ratna Damayanti

Keyword(s):

Quantitative Methods ◽

Brand Image ◽

Comparative Method ◽

T Test ◽

Purchase Decision ◽

Purchasing Decisions ◽

Homogeneity Analysis ◽

Significant Difference

The purpose of this study was to determine differences in purchasing decisions between Abang Ireng UMS geprek chicken and UMS Geprek Kumlot chicken in terms of Brand Image, Price and Variation of the menu. This method is called the comparative and quantitative methods with the aim of the comparative method with the aim of finding out the differences in purchasing decisions between variables. The sample of this study was 100 respondents consisting of 50 consumers of Abang Ireng Geprek chickens and 50 Kumlot geprek consumers. This study uses validity, reliability, to test the instrument using homogeneity analysis and independent sample t-test to test differences between variables. Data obtained from questionnaires for respondents. This study was tested using SPSS 20 software. The results of this study indicate that the Brand Image variable has no difference in purchasing decisions. Namely with the t value of the Brand Image variable of 0.753 with the criteria of t table> 0.05, this shows that there is no significant difference, while for the price variables and menu variations there is each difference to the purchase decision, namely the value of t count in the variable price of 0.018 with the criteria of t table

Download Full-text

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

Jurnal Benefita ◽

10.22216/jbe.v2i3.1435 ◽

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

This paper examineaneffect 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 2003-2011 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. 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. Quick ratio and debt to equity ratio has insignificant improvements after acquisition. Artikel ini meneliti pengaruh kinerja keuangan pasca merger dan akuisisi. Kinerja keuangan diukur dengan menggunakan rasio, seperti return on net worth, return on asssets, current ratio, quick ratio, dan debt to equity ratio.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 purposive sampling. Analisis data yang digunakan untuk uji hipotesis menggunakan paired sample t-test.Hasil dari penelitian ini menunjukkan bahwa perusahaan merger mengalami penurunan kinerja, debt to equity ratio menunjukkan penurunan yang signifikan, dan rasio lainnya juga mendapat penurunan, meskipun tidak signifikan. Di sisi lain, return on net worth dan return on assets memiliki penurunan yang signifikan setelah akuisisi, kecuali untuk current ratio yang memiliki penurunan yang tidak signifikan setelah akuisisi. Quick ratio dan debt to equity ratio memiliki peningkatan yang tidak signifikan setelah akuisisi.

Download Full-text