Karakteristik Perusahaan dan Return Pemegang Saham Merger dan Akuisisi di Indonesia

Jurnal Manajemen Strategi dan Aplikasi Bisnis

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Field Value
 
Title Karakteristik Perusahaan dan Return Pemegang Saham Merger dan Akuisisi di Indonesia
 
Creator Setiawan, Rahmat
Anjanarko, Muhammad Wildan Nurrahman
 
Description This research tests the effects of firm’s characteristics such as free cash flows, firm’s size and firm’s leverages to acquirer stockholder's return. This research used quantitative approach with ordinary least square regression techniques. This study has 38 firm sample with 49 observations from 2010-2018 that announce merger and acquisitions in Indonesia. The results shows that free cash flows, size and leverage have negative effect on acquirer stockholders' return.
Penelitian ini memiliki tujuan untuk menguji pengaruh karakteristik perusahaan seperti arus kas bebas, ukuran dan leverage perusahaan terhadap return pemegang saham merger dan akuisisi. Penelitian ini menggunakan pendekatan kuantitatif dengan teknik regresi ordinary least square. Sampel perusahaan ini berjumlah 38 dengan jumlah observasi 49 perusahaan dari tahun 2010-2018 yang mengumumkan merger dan akuisisi di Indonesia. Hasil menunjukkan arus kas bebas, ukuran dan leverage perusahaan berpengaruh negatif terhadap return pemegang saham merger dan akuisisi.
Keywords: Merger and acquisitions, stockholders’ return, free cash flow, firm size, leverage.
 
Publisher Lembaga Pengembangan Manajemen dan Publikasi Imperium
 
Date 2021-06-14
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://ejournal.imperiuminstitute.org/index.php/JMSAB/article/view/321
 
Source Jurnal Manajemen Strategi dan Aplikasi Bisnis; Vol 4 No 1 (2021); 155 - 170
2655-237X
 
Language eng
 
Relation https://ejournal.imperiuminstitute.org/index.php/JMSAB/article/view/321/180
 
Rights Copyright (c) 2021 Rahmat Setiawan
https://creativecommons.org/licenses/by/4.0/
 

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