Amru Sukmajati, Amru
Unknown Affiliation

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

Analisis Perbedaan Abnormal Return Pada Perusahaan Merger dan Akuisisi Sukmajati, Amru
Graduasi: Jurnal Bisnis & Ekonomi Vol 27 (2012): Maret
Publisher : STIE Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This research aims to determine the difference in abnormal returns generated by the company before and after mergers and acquisitions. Measurement variables used in this study is Cumulative Abnormal Return (CAR) which is divided into several event window that is CAR-20,-2; CAR0; CAR1, - 1; and CAR2, 20. It is also used abnormal return for each day during 41 days of observation. The study found no significant abnormal return on announcement of mergers and acquisitions. Other results show, there were no differences in abnormal return for each event window periods being compared. While on the daily abnormal stock returns for 41 days were compared in pairs, obtained the result that there are significant differences in abnormal return in a few days before and after mergers and acquisitions