Pengaruh Pemilihan Metode Akuntansi (metode pembelian dan metode penyatuan kepentingan) terhadap Return pada Periode Sekitar Tanggal Pengumuman Merger atau Akuisisi pada tahun 2000-2006

Marpaung, Mularoy Sahala Hasudungan , Wulan Wimbari, S.E., M.Bus., Ak.

2008 | Skripsi | S1 Extention - Accounting

N.A.

This research had objective to identify effect of selection of accounting method in merger and acquisition (purchase or polling of interest method) on return received by company in period of around date of merger and acquisition announcement. It was to find out difference in return revenue between company using purchase method and one using pooling of interest method. The research used event study, with market adjusted model. First step was to identify abnormal return emerging in period of around announcement date. After abnormal return is known, significance test was done using one sample t-test. Then, comparison of average abnormal return was done between company using purchase method and one using pooling of interest method.

Result obtained indicated that abnormal returns appear in period of around announcement date. For companies using purchase method significant AAR appeared in day t-4, t0, and t+5, while for companies using pooling of interest significant AAR appears in day t-4, t-4, t-1,and t+8. Result of second step indicated that there is no different return receipted between company using purchase method and one using pooling of interest method. Keywords: merger, acquisition, purchase, pooling of interest, abnormal return, market adjusted model, one sample t-test.

Kata Kunci : Metode Akuntansi; Return; Merger; Akuisisi; Metode Pembelian; Metode Penyatuan Kepentingan