ANALISIS PERBEDAAN KINERJA KEUANGAN PADA PERUSAHAAN PENGAKUISISI DAN MERGER YANG LISTING DI BURSA EFEK INDONESIA PERIODE 2015-2019

This study aims to analyze differences in financial performance before and after the merger and acquisition event by calculating the financial ratios, namely Debt to Equity Ratio (DER), Return On Investment (ROI), Net Profit Margin (NPM), Earning Per Share (EPS). ), Price Earning Ratio (PER). This type of research is a comparative research, with the objects used are companies listed on the Indonesia Stock Exchange (IDX) in 2015-2019. The sampling technique used purposive sampling, so that there were 40 companies as samples that carried out mergers and acquisitions at the Business Competition Supervisory Commission (KPPU). The data analysis used in this research is the Wilcoxon Signed Ranks Test. The results of the analysis test using the Wilcoxon Signed Ranks Test, there is 2 financial ratio that has a significant difference after mergers and acquisitions, namely the ratio of Return On Investment (ROI) and Net Profit Margin (NPM). While the ratios that have no difference are Debt to Equity Ratio (DER), Earning Per Share (EPS), and Price Earning Ratio (PER).