| Summary: | In banking industry, nationally or internationally, merger is one kind of alternative for
effective strategy in order to have a healthy and better condition in banking industry
of a nation. This merger strategy can be used as a tool to boost the growth and
development in a business, so it can increase company market value.
The objectives of this research was found the effect of merger on CIMB Niaga
financial performance based on CAMEL, and its impact on stock return. To find the
impact what factors influencing it, the author used multiple linear regression analysis
and paired sample t- test, hypothesis test and classical assumption test methods. The
data used in this research were secondary data gathered from Indonesia Bank.
The result of this research showed that merger has significant impact toward
CAMEL, which means CAMEL better after the merger than before the merger.
Merger does not have significant impact toward stock return, evident from the
abnormal return that does not have significant differences at the time before and after
the merger. CAR, BOPO, RORA, and NIM have significant impact toward net profit
margin (NPM). Overall CAMEL proved to affect the ratio of net profit margin
(NPM).
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