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World Journal of Engineering
Research and Technology

( An ISO 9001:2015 Certified International Journal )

An International Peer Reviewed Journal for Engineering Research and Technology

ISSN 2454-695X

Impact Factor : 5.924

ICV : 79.45

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Indexing

Abstract

PERFORMANCE OF PT SEMEN INDONESIA (PERSERO) TBK. RESULTS OF THE MERGER OF BUMN IN THE CEMENT INDUSTRY SECTOR

Desfira Metlyn Tambunan* and Hakiman Thamrin

ABSTRACT

This study aims to determine what variables have the most influence on mergers in state-owned companies and see whether the merger makes the company better or not. This research was conducted by using the analysis of the Different Paired Sample t-Test. The merger carried out by BUMN in the Cement Industry sector took place in 2012. The study uses data from IDX data from the annual company financial statements from 2007-2017. Financial performance that affects the result of the merger is the Liquidity Ratio (Cash Ratio) with a value of Sig = 0.000 < Level of Significant = 0.05, Leverage Ratio (DER) with a value of Sig = 0.001 < Level of Significant = 0.05, Profitability Ratio (ROA and ROE) with Sig values = 0.011 and 0.017 < Level of Significant = 0.05, Profitability Ratio (ROA and ROE) with Sig values = 0.011 and 0.017 < Level of Significant = 0.05.

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