Analisis Kinerja Keuangan Perusahaan yang Melakukan Merger Pada Tahun 2019: Studi Kasus Pada Perusahaan Keuangan yang Terdaftar di Bursa Efek Indonesia

Abstract

Financial companies play an important role in a country's economy. In Indonesia, many financial companies are listed on the Indonesian Stock Exchange (BEI), which is the main capital market in the country. In recent years, the merger phenomenon has become a trend in the financial sector for reasons of growth, increasing market share and achieving operational synergies. This research aims to determine the company's financial performance after the merger and determine the impact of the merger on the financial performance of financial companies using financial ratios. Financial ratios can show a company's ability to generate profits, manage assets, control debt, and create value for shareholders. Thus, whether there is an increase or decrease in financial performance is based on financial ratios. The research was conducted using a descriptive method with a quantitative approach mechanism. The data collection technique is carried out using the documentation method. Secondary data was obtained through the official website of the Indonesia Stock Exchange which contains company financial report data. Based on the sampling technique using the purposive sampling method, there are two companies that are considered to meet the criteria that will be used for research. In these two companies, apparently there was an increase in financial performance based on profitability ratios, liquidity ratios, solvency ratios, market ratios at the Bank Oke Indonesia Company and there was an increase in value based on profitability ratios, liquidity ratios, market ratios at the Saratoga Investama Sedaya Company for the two year period after the merger. Then it would be good for the Company to continue to maintain improved financial performance and optimize financial performance that has not yet improved