This research aims to examine the effect of acquasition on firms’ performance
at Indonesia Stock Exchange. Firm performance is measured by financial ratios :
current ratio, fixed asset turrover, leverage ratio, operating profit margin, net profit
margin, return on equity, dan return on investment.
Sample of this research is determined by purposive sampling method, consists
of 12 Indonesia Stock Exchange that did acquisition from 2006-2008 period. This
research analysis used kolmogorov-smirnov test, Paired Sample T Test, dan Wilcoxon
Signed Rank.
The result of this research showed that financial ratios at 1 years before and 3
years after acquisition are not significantly different. Only after 1 years acquisition
the leverage ratio and after 3 years acquisition net profit margin and return on
investment are significantly different.
Keyword : acquisition, firms performance, financial ratios, current ratio, fixed asset
turrover, leverage ratio, operating profit margin, net profit margin, return on
equity,return on investment
