Daftar Isi:
  • This study aims to describe the differences of financial performance of go-public companies before and after merger and acquisition during 2011 – 2013. The data analysis was carried out through several different tests i.e. Paired Sample t-test, Wilcoxon Signed Ranks test, and Financial Performance analyses incorporating Cross-Section and Time-Series. There are nine financial ratios used to measure the data analysis, namely: current ratio, quick ratio, total asset turnover, fixed assets turnover, debt to equity ratio, net profit margin, return on equity, and earnings per share. The company's financial performance was analysed for 6 (six) years: three years before and three years after the merger and acquisition. The result of different tests indicated that there are differences of financial performance before and after merger and acquisition. However, the analysis of financial performance showed a healthier financial condition after the merger and acquisition.