Pengaruh Merger terhadap Penciptaan Nilai PerusahaanStudi Kasus pada Merger antara PT Bank Niaga Tbk dengan PT Bank Lippo Tbk
Merger and acquisition is a practical way with a relatively low risk to gain market share, as compared to organic growth. However, this strategy needs further review and analysis on whether it can create a higher value of firm through financial synergy. Although the main reason behind the merger of...
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| Format: | Thesis |
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[Yogyakarta] : Universitas Gadjah Mada
2012
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| _version_ | 1826045328145514496 |
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| author | , Eko Bramantyo , Prof. Dr. Marwan Asri |
| author_facet | , Eko Bramantyo , Prof. Dr. Marwan Asri |
| author_sort | , Eko Bramantyo |
| collection | UGM |
| description | Merger and acquisition is a practical way with a relatively low risk to gain market
share, as compared to organic growth. However, this strategy needs further review
and analysis on whether it can create a higher value of firm through financial
synergy. Although the main reason behind the merger of Bank Niaga and Bank
Lippo, as mentioned by the shareholders, was to be in complince with the
prevailing regulations, it is believed that this merger would have increased postmerger
value of firm, through business and financial synergy.
The purpose of this research is to evaluate the existence of synergy on the merger
of Bank Niaga and Bank Lippo. It is done by performing pre-merger valuation on
both banks. The summation of both banks�s value of firm was then compared to
valuation result of post-merger value of firm to see the synergy.
We concluded that the merger of Bank Niaga and Bank Lippo has been able to
create synergy, ie business and financial synergy. Financial synergy can be seen
through improvement on post-merger performance, whereby value of post-merger
Bank CIMB Niaga was higher than the summation of value of pre-merger Bank
Niaga and Bank Lippo. |
| first_indexed | 2024-03-13T22:35:30Z |
| format | Thesis |
| id | oai:generic.eprints.org:98261 |
| institution | Universiti Gadjah Mada |
| last_indexed | 2024-03-13T22:35:30Z |
| publishDate | 2012 |
| publisher | [Yogyakarta] : Universitas Gadjah Mada |
| record_format | dspace |
| spelling | oai:generic.eprints.org:982612016-03-04T08:46:28Z https://repository.ugm.ac.id/98261/ Pengaruh Merger terhadap Penciptaan Nilai PerusahaanStudi Kasus pada Merger antara PT Bank Niaga Tbk dengan PT Bank Lippo Tbk , Eko Bramantyo , Prof. Dr. Marwan Asri ETD Merger and acquisition is a practical way with a relatively low risk to gain market share, as compared to organic growth. However, this strategy needs further review and analysis on whether it can create a higher value of firm through financial synergy. Although the main reason behind the merger of Bank Niaga and Bank Lippo, as mentioned by the shareholders, was to be in complince with the prevailing regulations, it is believed that this merger would have increased postmerger value of firm, through business and financial synergy. The purpose of this research is to evaluate the existence of synergy on the merger of Bank Niaga and Bank Lippo. It is done by performing pre-merger valuation on both banks. The summation of both banks�s value of firm was then compared to valuation result of post-merger value of firm to see the synergy. We concluded that the merger of Bank Niaga and Bank Lippo has been able to create synergy, ie business and financial synergy. Financial synergy can be seen through improvement on post-merger performance, whereby value of post-merger Bank CIMB Niaga was higher than the summation of value of pre-merger Bank Niaga and Bank Lippo. [Yogyakarta] : Universitas Gadjah Mada 2012 Thesis NonPeerReviewed , Eko Bramantyo and , Prof. Dr. Marwan Asri (2012) Pengaruh Merger terhadap Penciptaan Nilai PerusahaanStudi Kasus pada Merger antara PT Bank Niaga Tbk dengan PT Bank Lippo Tbk. UNSPECIFIED thesis, UNSPECIFIED. http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=52115 |
| spellingShingle | ETD , Eko Bramantyo , Prof. Dr. Marwan Asri Pengaruh Merger terhadap Penciptaan Nilai PerusahaanStudi Kasus pada Merger antara PT Bank Niaga Tbk dengan PT Bank Lippo Tbk |
| title | Pengaruh Merger terhadap Penciptaan Nilai PerusahaanStudi Kasus pada Merger antara PT Bank Niaga Tbk dengan PT Bank Lippo Tbk |
| title_full | Pengaruh Merger terhadap Penciptaan Nilai PerusahaanStudi Kasus pada Merger antara PT Bank Niaga Tbk dengan PT Bank Lippo Tbk |
| title_fullStr | Pengaruh Merger terhadap Penciptaan Nilai PerusahaanStudi Kasus pada Merger antara PT Bank Niaga Tbk dengan PT Bank Lippo Tbk |
| title_full_unstemmed | Pengaruh Merger terhadap Penciptaan Nilai PerusahaanStudi Kasus pada Merger antara PT Bank Niaga Tbk dengan PT Bank Lippo Tbk |
| title_short | Pengaruh Merger terhadap Penciptaan Nilai PerusahaanStudi Kasus pada Merger antara PT Bank Niaga Tbk dengan PT Bank Lippo Tbk |
| title_sort | pengaruh merger terhadap penciptaan nilai perusahaanstudi kasus pada merger antara pt bank niaga tbk dengan pt bank lippo tbk |
| topic | ETD |
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