CD Skripsi
Pengaruh Merger Dan Akuisisi Terhadap Return Saham Dengan Good Corporate Governance Sebagai Variabel Moderasi (Studi Kasus Pada Perusahaan Sub Sektor Perbankan Yang Terdaftar Di Bei Periode 2014-2017)
ABSTRACT
Mergers and acquisitions activities are increased in line with national and international economic growth rates. The company implement mergers and acquisitions in order to improved financial performance. More complicated activities of merger and acquisition will require more quality corporate governance because good corporate governance will certainly improve the company's performance. But, after the mergers and acquisitions with good corporate governance does not affect the company's performance, where the average stock returns fluctuate. This study examined the performance of the company after conducted mergers and acquisitions moderated by corporate governance. The population involved in this study is all banking companies officially registered in 2014-2017 period of IDX, including 43 companies. Whereas, the sample in this study was taken through purposive sampling method obtained from 27 samples of banking companies as aforementioned. The method used in this study was regression analysis partial (Partial Least Square/PLS). the research result shows that: mergers and acquisitions insignificant negative effect on stock returns, good corporate governance has a significant negative effect on stock returns, and good corporate governance could not moderate the effect between mergers and acquisitions on stock returns.
Keywords: Merger And Acquisition, Stock Return, Good Corporate Governance
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