Analysis of the Impact of Acquisition on Firm Financial Performance

Latri Nurjanah, Tettet Fijrijanti
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Abstract

This study aims to prove that firms carry out an acquisition strategy intending to obtain additional funds to achieve better firm synergy and encourage increased firm performance. This study uses a comparative research method. The research sample comprised 18 manufacturing firms that made acquisitions between 2008 and 2020. The analytical tools used were the paired sample t-test and the Wilcoxon signed rating test. The research results show that return on equity (ROE)manufacturing firms have a significant difference before and after the acquisition. Moreover, there is no significant difference in the current ratio, asset turnover ratio, debt to equity ratio, and price book value ratio of manufacturing firms before and after the acquisition. In contrast, the ratio of return on equity of manufacturing firms has a significant difference between before and after the acquisition. This study's results indicate that the acquisitions made by firms do not make a significant difference to manufacturing firms
并购对企业财务绩效的影响分析
本研究旨在证明企业实施收购战略的目的是获得额外的资金,以实现更好的企业协同效应,并鼓励提高企业绩效。本研究采用比较研究法。研究样本包括18家在2008年至2020年间进行收购的制造企业。使用的分析工具是配对样本t检验和Wilcoxon签名评级检验。研究结果表明,制造业企业的净资产收益率(ROE)在并购前后存在显著差异。此外,制造业企业在收购前后的流动比率、资产周转率、负债权益比和价格账面价值比均无显著差异。相比之下,制造业企业的净资产收益率在并购前后存在显著差异。本研究的结果表明,企业并购对制造业企业没有显著影响
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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