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Comparative Analysis of Financial Performance Before and After the Acquisition of the Acquisiting Company (Case Study of PT. Telkom Indonesia) Indira Sephita; Ridwan Nurazi
Formosa Journal of Multidisciplinary Research Vol. 3 No. 2 (2024): February 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/fjmr.v3i2.8159

Abstract

Acquisition is a type of business development strategy. Acquisitions affect the financial success of the company. An organization can determine the results of its operational activities through its financial results, which are presented in numerical figures. Key figures can be used to confirm financial results. This study measures and compares the financial performance from 2015-2018 and 2020-2023 before and after the acquisition of PT Telkom Indonesia (Persero) Tbk. Such research uses descriptive and comparative methods as well as quantitative methodology. Secondary data can be obtained from financial accounting (financial annual report). The current ratio and return on investment before and after the acquisition differed significantly according to the analysis and conclusions. There is no noticeable change in the ratio of debt to balance sheet volume and pre-sales to post-transaction sales.
Does the Individual Environment, Social, Government Score Could Mitigate the Financial Distress Risk ? Carolina Ito Hutauruk; Ridwan Nurazi
East Asian Journal of Multidisciplinary Research Vol. 3 No. 3 (2024): March 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/eajmr.v3i3.8639

Abstract

This research paper investigates the impact of the Individual Environment, Social, Government (ESG) score on mitigating financial distress risk. The study examines the individual components of the ESG score, specifically focusing on the environmental, social, and government scores. The results indicate that while the environmental and government scores have a significant effect toward the financial distress risk, the social score does not show a significant impact. These findings suggest that organizations should prioritize environmental and government factors when assessing and managing financial distress risk while considering the limited impact of social factors. This study provides valuable insights for decision-makers in formulating effective risk mitigation strategies.