Analisis Pengaruh Merger dan Akuisisi Terhadap Perusahaan Perbankan yang Terbuka di Indonesia

Abstract

This paper attempts to analyze the effect of merger and acquisition toward public banking company in
Indonesia. There is three merger and acquisition transaction that become a sample in this research
which are acquisition of PT Bank Agroniaga Tbk by PT Bank Rakyat Indonesia Tbk, acquisiiton of PD
BRP LPK Jalan cagak dan PD BRP LPK Garut kota, and acquisition of PT Central Sentosa Finance
by PT Bank Central Asia Tbk. Three years before and after merger and acquisition periodes are used
for measuring financial performance after merger and acquisition.This research used litterature review
from nine previous research about merger and acquisition. In this research, we found that mergers
and acuqisitions are not boosting the profitability of the public banking company while the liquidity of
the company improve but not significanly and solvability of the company improve significanly after
merger and acquisition. However, the effect of merger and acquisition can be change as time goes by.