Pengaruh Akuisisi Terhadap Harga Saham pada Perusahaan Target Studi pada PT Alfa Retailindo Tbk
Globalization has created a very tight competition in the business world. One of the strategies used by many company to face the competition is through acquisitions and mergers to improve long-term competitive advantage. This study aimed to test whether there is impact of acquisition toward target c...
| Main Authors: | , |
|---|---|
| Format: | Thesis |
| Published: |
[Yogyakarta] : Universitas Gadjah Mada
2013
|
| Subjects: |
| _version_ | 1797032911620276224 |
|---|---|
| author | , Arindra , Prof. Dr. Marwan Asri, MBA. |
| author_facet | , Arindra , Prof. Dr. Marwan Asri, MBA. |
| author_sort | , Arindra |
| collection | UGM |
| description | Globalization has created a very tight competition in the business world. One
of the strategies used by many company to face the competition is through
acquisitions and mergers to improve long-term competitive advantage. This study
aimed to test whether there is impact of acquisition toward target company�s stock
price in the Indonesian capital market.
The method used in this research is event study (studi peristiwa). The study
was conducted to demonstrate whether there is any impact of the
acquisition towards the target company's stock price, and compare whether there
are abnormal return in the period before and after the event occured.
Hypothesis testing is performed using the t-test to see whether there are any
statistically significant differences in the average abnormal return of the
stock price before and after the events of the acquisition.
The results of this research indicate that the average abnormal return in the
period around the acquisition event is different from zero. It also shows that
the market reacted positively to the events of the acquisition, as indicated by the
positive value of the average abnormal return before and after the acquisition. The
results of hypothesis testing in this research concluded that there was no
statistically significant difference in average abnormal stock returns
before and after the acquisition. Several tests that have been performed in this
research showed consistent results that there were abnormal returns in the
acquisition of target company's shares, and hypothesis testing showed that there
was no significant differences in the average abnormal return in the period
before and after the events of the acquisition. Therefore we can conclude that
there is effect of the acquisition towards stock price of target company. |
| first_indexed | 2024-03-13T22:45:52Z |
| format | Thesis |
| id | oai:generic.eprints.org:118246 |
| institution | Universiti Gadjah Mada |
| last_indexed | 2024-03-13T22:45:52Z |
| publishDate | 2013 |
| publisher | [Yogyakarta] : Universitas Gadjah Mada |
| record_format | dspace |
| spelling | oai:generic.eprints.org:1182462016-03-04T08:27:04Z https://repository.ugm.ac.id/118246/ Pengaruh Akuisisi Terhadap Harga Saham pada Perusahaan Target Studi pada PT Alfa Retailindo Tbk , Arindra , Prof. Dr. Marwan Asri, MBA. ETD Globalization has created a very tight competition in the business world. One of the strategies used by many company to face the competition is through acquisitions and mergers to improve long-term competitive advantage. This study aimed to test whether there is impact of acquisition toward target company�s stock price in the Indonesian capital market. The method used in this research is event study (studi peristiwa). The study was conducted to demonstrate whether there is any impact of the acquisition towards the target company's stock price, and compare whether there are abnormal return in the period before and after the event occured. Hypothesis testing is performed using the t-test to see whether there are any statistically significant differences in the average abnormal return of the stock price before and after the events of the acquisition. The results of this research indicate that the average abnormal return in the period around the acquisition event is different from zero. It also shows that the market reacted positively to the events of the acquisition, as indicated by the positive value of the average abnormal return before and after the acquisition. The results of hypothesis testing in this research concluded that there was no statistically significant difference in average abnormal stock returns before and after the acquisition. Several tests that have been performed in this research showed consistent results that there were abnormal returns in the acquisition of target company's shares, and hypothesis testing showed that there was no significant differences in the average abnormal return in the period before and after the events of the acquisition. Therefore we can conclude that there is effect of the acquisition towards stock price of target company. [Yogyakarta] : Universitas Gadjah Mada 2013 Thesis NonPeerReviewed , Arindra and , Prof. Dr. Marwan Asri, MBA. (2013) Pengaruh Akuisisi Terhadap Harga Saham pada Perusahaan Target Studi pada PT Alfa Retailindo Tbk. UNSPECIFIED thesis, UNSPECIFIED. http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=58190 |
| spellingShingle | ETD , Arindra , Prof. Dr. Marwan Asri, MBA. Pengaruh Akuisisi Terhadap Harga Saham pada Perusahaan Target Studi pada PT Alfa Retailindo Tbk |
| title | Pengaruh Akuisisi Terhadap Harga Saham pada Perusahaan Target Studi pada PT Alfa Retailindo Tbk |
| title_full | Pengaruh Akuisisi Terhadap Harga Saham pada Perusahaan Target Studi pada PT Alfa Retailindo Tbk |
| title_fullStr | Pengaruh Akuisisi Terhadap Harga Saham pada Perusahaan Target Studi pada PT Alfa Retailindo Tbk |
| title_full_unstemmed | Pengaruh Akuisisi Terhadap Harga Saham pada Perusahaan Target Studi pada PT Alfa Retailindo Tbk |
| title_short | Pengaruh Akuisisi Terhadap Harga Saham pada Perusahaan Target Studi pada PT Alfa Retailindo Tbk |
| title_sort | pengaruh akuisisi terhadap harga saham pada perusahaan target studi pada pt alfa retailindo tbk |
| topic | ETD |
| work_keys_str_mv | AT arindra pengaruhakuisisiterhadaphargasahampadaperusahaantargetstudipadaptalfaretailindotbk AT profdrmarwanasrimba pengaruhakuisisiterhadaphargasahampadaperusahaantargetstudipadaptalfaretailindotbk |