Analisis Perbedaan Risiko Investasi Saham Sebelum dan Sesudah Akuisisi Perusahaan
DOI:
https://doi.org/10.63822/zb9x1725Keywords:
Acquisition; Stock Return; Stock Investment Risk; Before and After; Stock PriceAbstract
This study aims to analyze the differences in stock investment risk and the impact of the Debt-to-Asset Ratio (DAR), Debt-to-Equity Ratio (DER), Return on Assets (ROA), Return on Equity (ROE), and Current Ratio (CR) on companies listed on the Indonesia Stock Exchange (IDX) before and after acquisitions. This study sampled 10 companies. The method used was quantitative with a comparative approach. The results of data analysis conducted on 10 companies listed on the Indonesia Stock Exchange (IDX) by comparing annual financial statements before and after acquisitions for the periods 2024 and 2025 showed that, overall, this study confirms that in the short term, acquisitions tend not to have a direct beneficial impact on a company's financial performance or stock returns. This finding aligns with previous research findings, which indicate that the benefits of acquisitions are generally only felt in the medium to long term.
References
Adhimasta. (2023). Akusisi Perusahaan dan Potensi Praktik Monopoli dalam Perspektif Hukum Persaingan Usaha Indonesia. Jurnal Hukum Bisnis Indonesia, 15(1), 55-68.
Jogiyanto Hartono. (2017). Teori Portofolio dan Analisis Investasi (Edisi ke-11). Yogyakarta: BPFE
Kurnia. (2020). Analisis Debt to Equity Ratio (DER) dalam Menilai Struktur Modal Perusahaan. Jurnal Akuntansi dan Keuangan Indonesia, 17(2), 115-127.
Nasir., & Morina, D. (2018). Pengaruh Merger dan Akuisisi terhadap Kinerja Keuangan Perusahaan Publik di Indonesia. Jurnal Akuntansi Multiparadigma, 9(3), 425-438.
Nurjanah, L., Berlianna, T., Anggreani, R., Mudzalifah, S., Adinugroho, T., & Prasetyo, H. (2021). Rasio Profitabilitas dan Penilaian Kinerja Keuangan UMKM. Jurnal Manajemen Bisnis, 18(4), 6–7.
Padilah., & Janudin. (2024). Analisis Current Ratio dalam Mengukur Likuiditas Perusahaan Pasca Akuisisi. Jurnal Riset Akuntansi Dan Keuangan, 12(1), 45-58.
Wardani. (2023). Akuisisi Perusahaan dan Potensi Praktik Monopoli dalam Perspektif Hukum Persaingan Usaha Indonesia. Jurnal Ekonomi dan Bisnis Indonesia, 38(2), 89-102.
Jogiyanto Hartono. (2017). Teori Portofolio dan Analisis Investasi (Edisi ke-11). Yogyakarta: BPFE
Adhimasta. (2023). Akusisi Perusahaan dan Potensi Praktik Monopoli dalam Perspektif Hukum Persaingan Usaha Indonesia. Jurnal Hukum Bisnis Indonesia, 15(1), 55-68.
Kurnia. (2020). Analisis Debt to Equity Ratio (DER) dalam Menilai Struktur Modal Perusahaan. Jurnal Akuntansi dan Keuangan Indonesia, 17(2), 115-127.
Nasir., & Morina, D. (2018). Pengaruh Merger dan Akuisisi terhadap Kinerja Keuangan Perusahaan Publik di Indonesia. Jurnal Akuntansi Multiparadigma, 9(3), 425-438.
Nurjanah, L., Berlianna, T., Anggreani, R., Mudzalifah, S., Adinugroho, T., & Prasetyo, H. (2021). Rasio Profitabilitas dan Penilaian Kinerja Keuangan UMKM. Jurnal Manajemen Bisnis, 18(4), 6–7.
Padilah., & Janudin. (2024). Analisis Current Ratio dalam Mengukur Likuiditas Perusahaan Pasca Akuisisi. Jurnal Riset Akuntansi Dan Keuangan, 12(1), 45-58.
Wardani. (2023). Akuisisi Perusahaan dan Potensi Praktik Monopoli dalam Perspektif Hukum Persaingan Usaha Indonesia. Jurnal Ekonomi dan Bisnis Indonesia, 38(2), 89-102.
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Copyright (c) 2026 Jenny Selvia, Indra Rinaldi, Hafizah Fauziah Hasibuan, Maria Agustia Laila, Jeni Sopianti, Yosep Eka Putra (Author)
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