ANALISIS MERGER DAN KINERJA KEUANGAN PT KALBE FARMA Tbk

Main Authors: ANDRIYANTO, Sandra Aristiani, JAKA , Isgiyarta
Format: Thesis NonPeerReviewed application/pdf
Terbitan: , 2011
Subjects:
Online Access: http://eprints.undip.ac.id/32450/1/Skripsi_09.pdf
http://eprints.undip.ac.id/32450/
Daftar Isi:
  • This research aims to analyze the purpose of the merger and its effect on corporate financial performance. Merger is a merger of two or more companies that then there is only one surviving company, while another company was dissolved. Merger objectives used in this research is the company's growth, synergy, and market share. While financial performance is measured using the financial ratios: Current Ratio, Quick Ratio, Return on Assets, Return on Equity, Debt to Equity Ratio, and Total Asset Turnover. The data used in this research is secondary data. The object of this research is PT Kalbe Farma Tbk, which merged with PT Dankos Laboratories Tbk and PT Enseval in 2005. Data analysis methods used is trend analysis. The research result shows that with merger, PT Kalbe Farma Tbk can growth through an increase in assets, equity, and profit, as well as a decrease in liabilities. PT Kalbe Farma Tbk not obtain synergies, but the market share of PT Kalbe Farma Tbk is increase. In addition, the financial performance of PT Kalbe Farma Tbk after the merger to be better. Current Ratio, Quick Ratio, Return on Assets, and Total Asset Turnover has increased. While Return On Equity and Debt to Equity Ratio has decreased.