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., N., & Nuzul Ainy, R. (2018). Financial Performance Analysis of Companies With Merger and Acquisition Deals. KnE Social Sciences, 3(10). https://doi.org/10.18502/kss.v3i10.3431

https://doi.org/10.18502/kss.v3i10.3431

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  • Nurfauziah .
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  • R Nuzul Ainy
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Published Date

  • Nov 12, 2018

Financial Performance Analysis of Companies With Merger and Acquisition Deals

KnE Social Sciences / The 2018 International Conference of Organizational Innovation (ICOI-2018) /

Abstract

This study was conducted to determine whether there are differences in the financial performances of companies before and after mergers and acquisitions. These companies are grouped into horizontal, vertical, and conglomerate mergers and acquisitions. The research was conducted on 104 companies with merger and acquisition deals in 2012–2015, of which 64 were classified into merger and acquisition groups, 23 were of the vertical mergers and acquisitions group, and 17 were of conglomerate mergers and acquisitions. On the basis of the research, it is revealed that almost none of the financial ratios of these companies show any significant differences in financial performance for either the whole company or the merger and acquisition groups. A significant difference of financial performance was only indicated by DERs for the horizontal mergers and acquisitions group before and after mergers and acquisitions.


 


 


Keywords: horizontal, vertical, conglomerate mergers and acquisitions, financial performance

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