UI - Tesis (Membership) :: Kembali

UI - Tesis (Membership) :: Kembali

Praktek strategi pengumuman merjer dan akuisisi industri keuangan di Indonesia 2008-2013 (studi kasus PT Bank BRI Tbk dan PT Bank CIMB Niaga Tbk = The Practice of merger and acquisition announcement strategy indonesian financial services 2008-2013 : case study PT Bank BRI Tbk and PT Bank CIMB Niaga Tbk

Heydi Rininta; Anh Dung (Andy) Do, supervisor; Ruslan Prijadi, examiner; Dony Abdul Chalid, examiner ([Publisher not identified] , 2015)

 Abstrak

[ABSTRAK
Tesis ini membahas tentang praktek dari penerapan strategi pada pengumuman
Merjer dan Akuisisi dengan objek Industri keuangan di Indonesia pada tahun
2008-2013.
Perusahaan pembeli (?pembeli? atau ?yang melakukan penawaran? atau ?objek
perusahaan?) di artikan disini sebagai perusahaan terdaftar pada BEI (yang
merupakan perusahaan yang berasal dari Indonesia maupun luar negeri) yang
terlibat dengan transaksi merjer dan akuisisi dengan perusahaan yang bergerak di
bidang keuangan di Indonesia selama periode tahun 2008-2013. Tujuan dari tesis
ini adalah untuk mengidentifikasi strategi apakah yang diterapkan oleh para
perusahaan pembeli tersebut dalam melakukan pengumuman merjer dan akuisisi
dan apakah strategi tersebut berperan dalam perubahan harga saham perusahaan
tersebut. Adapun hasil dari penelitian ini adalah: (1) Adanya hubungan antara
quantitative-future oriented disclosure strategy dengan kenaikan harga saham; (2)
tidak ada hubungan antara kenaikan harga saham yang lebih tinggi dengan
mengimplementasikan future-oriented disclosure strategy dibandingkan dengan
retrospective disclosure strategy; (3) Credibility disclosure strategy suatu
perusahaan tidak memiliki efek yang jelas dalam kenaikan harga saham
perusahaan; (4) tidak ada hubungan antara kenaikan dividen yang dibagikan
dengan kenaikan harga saham (5) stock repurchase disclosure strategy dapat
berperan dalam kenaikan harga saham

ABSTRACT
This thesis discussed the practice of Mergers and Acquisitions (?M&A?)
announcements strategy particularly in the financial services industry in
Indonesia, with the case study of Bank BRI and Bank Niaga. The acquirers (?the
acquirers? or ?the bidders? or the ?object companies?) are defined here as publicly
listed companies (Indonesian company or overseas company) who are involved in
M&A transaction with Indonesian financial services company during the period of
2008-2013. The aim of the study is to identify what are the strategies acquirers
implement towards the announcement of their M&A deals and does the strategy
have the effect on their share price movement. This study has found that(1) there
is a relationship between quantitative-future oriented disclosure strategy with the
increase in share price; (2) implementing a future-oriented disclosure strategy
rather than retrospective disclosure strategy not always result in higher increase in
share price; (3) there is not enough evidence to conclude that credibility disclosure
strategy has effect on the increase of share price of the acquirer; (4) implementing
an increase in dividend payment not always result in increase of an acquirer?s
share price (5) stock repurchase disclosure strategy might have an effect on
increase in acquirer?s share price.;This thesis discussed the practice of Mergers and Acquisitions (?M&A?)
announcements strategy particularly in the financial services industry in
Indonesia, with the case study of Bank BRI and Bank Niaga. The acquirers (?the
acquirers? or ?the bidders? or the ?object companies?) are defined here as publicly
listed companies (Indonesian company or overseas company) who are involved in
M&A transaction with Indonesian financial services company during the period of
2008-2013. The aim of the study is to identify what are the strategies acquirers
implement towards the announcement of their M&A deals and does the strategy
have the effect on their share price movement. This study has found that(1) there
is a relationship between quantitative-future oriented disclosure strategy with the
increase in share price; (2) implementing a future-oriented disclosure strategy
rather than retrospective disclosure strategy not always result in higher increase in
share price; (3) there is not enough evidence to conclude that credibility disclosure
strategy has effect on the increase of share price of the acquirer; (4) implementing
an increase in dividend payment not always result in increase of an acquirer?s
share price (5) stock repurchase disclosure strategy might have an effect on
increase in acquirer?s share price.;This thesis discussed the practice of Mergers and Acquisitions (?M&A?)
announcements strategy particularly in the financial services industry in
Indonesia, with the case study of Bank BRI and Bank Niaga. The acquirers (?the
acquirers? or ?the bidders? or the ?object companies?) are defined here as publicly
listed companies (Indonesian company or overseas company) who are involved in
M&A transaction with Indonesian financial services company during the period of
2008-2013. The aim of the study is to identify what are the strategies acquirers
implement towards the announcement of their M&A deals and does the strategy
have the effect on their share price movement. This study has found that(1) there
is a relationship between quantitative-future oriented disclosure strategy with the
increase in share price; (2) implementing a future-oriented disclosure strategy
rather than retrospective disclosure strategy not always result in higher increase in
share price; (3) there is not enough evidence to conclude that credibility disclosure
strategy has effect on the increase of share price of the acquirer; (4) implementing
an increase in dividend payment not always result in increase of an acquirer?s
share price (5) stock repurchase disclosure strategy might have an effect on
increase in acquirer?s share price.;This thesis discussed the practice of Mergers and Acquisitions (?M&A?)
announcements strategy particularly in the financial services industry in
Indonesia, with the case study of Bank BRI and Bank Niaga. The acquirers (?the
acquirers? or ?the bidders? or the ?object companies?) are defined here as publicly
listed companies (Indonesian company or overseas company) who are involved in
M&A transaction with Indonesian financial services company during the period of
2008-2013. The aim of the study is to identify what are the strategies acquirers
implement towards the announcement of their M&A deals and does the strategy
have the effect on their share price movement. This study has found that(1) there
is a relationship between quantitative-future oriented disclosure strategy with the
increase in share price; (2) implementing a future-oriented disclosure strategy
rather than retrospective disclosure strategy not always result in higher increase in
share price; (3) there is not enough evidence to conclude that credibility disclosure
strategy has effect on the increase of share price of the acquirer; (4) implementing
an increase in dividend payment not always result in increase of an acquirer?s
share price (5) stock repurchase disclosure strategy might have an effect on
increase in acquirer?s share price., This thesis discussed the practice of Mergers and Acquisitions (“M&A”)
announcements strategy particularly in the financial services industry in
Indonesia, with the case study of Bank BRI and Bank Niaga. The acquirers (“the
acquirers” or “the bidders” or the “object companies”) are defined here as publicly
listed companies (Indonesian company or overseas company) who are involved in
M&A transaction with Indonesian financial services company during the period of
2008-2013. The aim of the study is to identify what are the strategies acquirers
implement towards the announcement of their M&A deals and does the strategy
have the effect on their share price movement. This study has found that(1) there
is a relationship between quantitative-future oriented disclosure strategy with the
increase in share price; (2) implementing a future-oriented disclosure strategy
rather than retrospective disclosure strategy not always result in higher increase in
share price; (3) there is not enough evidence to conclude that credibility disclosure
strategy has effect on the increase of share price of the acquirer; (4) implementing
an increase in dividend payment not always result in increase of an acquirer’s
share price (5) stock repurchase disclosure strategy might have an effect on
increase in acquirer’s share price.]

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 Metadata

No. Panggil : T44195
Entri utama-Nama orang :
Entri tambahan-Nama orang :
Entri tambahan-Nama badan :
Subjek :
Penerbitan : [Place of publication not identified]: [Publisher not identified], 2015
Program Studi :
Sumber Pengatalogan : LibUI ind rda
Tipe Konten : text
Tipe Media : unmediated ; computer
Tipe Carrier : volume ; online resource
Deskripsi Fisik : xiv, 64 pages : illustration ; 28 cm + appendix
Catatan Bibliografi : pages 61-64
Lembaga Pemilik : Universitas Indonesia
Lokasi : Perpustakaan UI, Lantai 3
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T44195 15-17-924121225 TERSEDIA
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