ANALISIS MANAJEMEN LABA DAN KINERJA KEUANGAN PERUSAHAAN PENGAKUISISI SEBELUM DAN SESUDAH MERGER DAN AKUISISI DI BURSA EFEK INDONESIA [JURNAL]
ABSTRACT
The purpose of this research is to gain empirical evidence whether
acquiring companies conduct earnings management before the execution of
merger and acquisition. It also aims to investigate performance changes of
acquiring companies before and after merger and acquisition.
Earnings management conducted by the companies is proxied by
discretionary accrual (DA). Analysis is done using independent sample t-
test and paired sample test. The result shows that there is an indication of
earnings management done by taking over companies before merger and
acquisition by utilizing income increasing accruals. Furthermore, the
financial performance of the companies is lower after merger and
acquisition took place.
Keywords: merger, acquisition, earnings management, performance
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