ANALISIS KINERJA PERUSAHAAN SEBELUM DAN SESUDAH RESTRUKTURISASI
| Main Authors: | , Mohammad Teguh Perkasa, , Prof. Dr. Mudrajad Kuncoro, M.Soc.Sc. |
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| Format: | Thesis NonPeerReviewed |
| Terbitan: |
[Yogyakarta] : Universitas Gadjah Mada
, 2013
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| Subjects: | |
| Online Access: |
https://repository.ugm.ac.id/125618/ http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=65787 |
Daftar Isi:
- The main reason for many of the acquisition or merger is to create synergy, either financial or operating, that could add more value to the combined company. In theory, a business combination should provide higher revenues and / or lower operating costs (one plus one is more than two). This study aimed to analyze the effect of restructuring strategies undertaken by PT Jaya Konstruksi Manggala Pratama tbk. and other companies which is a subsidiary of PT Pembangunan Jaya to company performance. Company's performance is measured by using financial ratios are: NPM (net profit margin), ROA (return on assets), ROE (return on equity), DER (debt to equity ratio), DR (debt ratio), TATO (Total Asset turnover) and CR (current ratio). Company restructuring is takeover some or all shares of other companies so that the acquirer has the right of control over the target company, in this case where PT Jaya Konstruksi Manggala Pratama tbk. took over the shares of the other companies which is still in group of PT Pembangunan Jaya. The data used in this study, are financial data good data from PT Jaya Konstruksi Manggala Pratama and subsidiaries of the year up to four years before the restructuring of the years 2003-2006, and after the restructuring of the company that the data in 2008-2011. Methods of data analysis used to answer the hypotheses 1 to 7 (calculation of financial ratios), different test Wilcoxon Sign Test, and Manova test. Results of partial test (Wilcoxon Sign test) showed no significant difference to the financial ratios NPM, ROA, ROE, DR, and CR TATO for testing 1 year before and 1 year after the restructuring up to 4 years before and 4 years after the restructuring. Likewise, the results of the Manova test showed that the simultaneous testing of all financial ratios are not significantly different.