DAFTAR PUSTAKA STUDI EMPIRIS PERBEDAAN VOLUME PERDAGANGAN SAHAM PERUSAHAAN SEBELUM DAN SESUDAH MERGER DAN AKUISISI PADA PERUSAHAAN PUBLIK DI BURSA EFEK JAKARTA TAHUN 2000-2005.
DAFTAR PUSTAKA
Breams, Floyd A, Yusuf, Amir A, 1998, Akuntansi Keuangan Lanjutan di
Indonesia, Buku Satu, Salemba Empat, Jakarta.
Bringham, Eugene F and Erhrhardt C Micheal, 2002, Financial Management
Theory and Practice, Tenth Edition, Harcourd College Publishers, New
York.
Djarwanto Ps, Pangestu Subagjo, 1998, Statistik Induktif, Edisi 4, BPFE,
Yogyakarta.
Foster, G, 1986, Findneral Statement Analysis, Second Edition Prentice-Hall,
Englewood Cliffts, New Jersey.
Guredrawati, Etty dan Bambang Sudibyo, 1999, Studi Empiris Tentang Pengaruh
Pemilihan Metode Akuntansi Untuk Merger dan Akuisisi Terhadap
Volume Perdagangan Saham Perusahaan Publik di Indonesia, Vol 2.
No.2.
Husnan, Suad, 1999, Dasar-dasar Teori Portofolio Analisis Sekuritas, UPP-AMP
YKPN, Yogyakarta.
Ikatan Akuntan Indonesia, 2002, Pernyataan Standar Akuntansi Keuangan No. 22
Tentang Akuntansi Penggabungan Usaha, Salemba Empat, Jakarta.
Jogyanto, 1998, Teori Portofolio dan Analisis Investasi, BPFE, Yogyakarta.
Moin, Abdul, 2003, Merger, Akuisisi dan Divestasi, Ekonisia, Yogyakarta.
Mortensen, Roger, 1994, Accounting for Business Combination in the Global
Economy, Journal of Accounting Education, Vol. 12. No.1.
Payamta dan Doddy Setyawan, 2004, Analisis Pengaruh Merger dan Akuisisi
Terhadap Kinerja Perusahaan Publik di Indonesia, Jurnal Riset Akuntansi
Indonesia, Vol. 7. No. 3.
Sartono, Agus, 1996, Managemen Keuangan, Edisi Ketiga, BPFE, Yogyakarta.
Sunariyah, 2004, Pengantar Pasar Modal, UPP AMP YKPN, Yogyakarta.
Wibowo, Amin, dan Yulita Milla Pakereng, 2001, Pengaruh Pengumuman
Merger dan Akuisisi Terhadap Return Saham Perusahaan Akuisitor dan
Non Akuisitor dalam Sektor Industri yang sama di Bursa Efek Jakarta,
Jurnal Ekonomi dan Bisnis, Vol. 16. No.4.
DAFTAR PERUSAHAAN GO PUBLIK
YANG MELAKUKAN MERGER DAN AKUISISI
TAHUN 2000-2005
No
Kode
Perusahaan Pengakuisisi
Perusahaan Target
Tanggal Listing
Tgl Merger dan Akuisisi
Klasifika
1
BDMN
PT. Bank Danamon
PT. Bank PDFCI
12/08/1989
01/05/2000
M
2
DYNA
PT. Dynaplast
PT. Sampak Unggul
08/05/1991
01/05/2000
A
3
ETWA
PT. Eterindo Wahanatama
PT. Eternal Petrochemical
16/5/1997
25/1/2000
A
4
DYNA
PT. Dynaplast
PT. Berlin Prospek Co
08/05/1991
25/1/2000
A
5
MEDC
PT. Medco Energi Internasional
PT. Western Simenggalis
10/12/1994
26/1/2000
A
6
GGRM
PT. Gudang Garam
PT. Industri Soda
27/8/1990
28/1/2000
A
7
BHIT
PT. Bhakti Investama
PT. Bentoel Prima
24/11/1997
02/07/2000
A
8
ISAT
PT. Indosat
PT. Satelindo
19/10/1994
23/2/2000
A
9
ETWA
PT. Eterindo Wahanatama
PT. Surya Melindo Megatama
16/5/1997
27/3/2000
A
10
ASII
PT. Astra Internasional
Cyele dan Parriage Limited
04/04/1990
04/07/2000
A
11
BPMN
PT. Bank Danamon
Bank Jaya, Bank Tiara, Bank Pos, Bank Tamara
12/06/1989
17/4/2000
M
12
KLBF
PT. Kalbe Farma
PT. Erbhpharma Internasional
13
SMGR
PT. Semen Gresik
PT. Bintang Cement Mandiri
14
DSFI
PT. Dharma Samudra Finishing Industri
PT. Tirta Arta Mina
15
TLKM
PT. Telkom
PT. Dayamitra Telekomunikasi
16
TURI
PT. Tunas Ridean
PT. Tunas Mobilindo
17
BASS
PT. Bahtera Admina Samudera
PT. Intelegalaxy Delta Fisheries
18
TURI
PT. Tunas Ridean
PT. Jardine Internasional Motor
19
PADS
PT. Bahtera Admina Sejahtera
PT. Megah Galaxy
20
BLTA
PT. Berlian Laju Tanker
PT. Citra Pesona
01/10/1998
16/1/2002
A
21
BNLI
PT. Bank Bali
PT. Bank Universial, PT, Bank Artha Media,
15/1/1990
22/4/2000
M
22
HMSP
PT. Hanjaya Mandala Sampurna
PT. Prima Karya Utama Graha
15/8/1990
29/5/2002
A
23
PBRX
PT. Pan Brother Textile
PT. Kanwell Indonesia
16/8/1990
15/12/2002
A
24
CPLN
PT. Charoen Pokphand Indonesia
PT. Megah Bahyangan dan PT. Udang Inti Pertiwi
25
LPBN
PT. Bank Lippo
Santubong Investment BV
26
KLBF
PT. Kalbe Farma
PT. Dankos Laboratories Tbk dan PT. Ensevai
30/7/1991
07/08/2000
A
07/08/1991
15/7/2000
A
24/3/2000
11/10/2000
A
14/11/1995
14/12/2000
A
16/5/1995
16/4/2001
A
11/08/1999
05/01/2001
A
16/5/1995
13/6/2001
A
11/08/1999
14/6/2001
A
PT. Bank Patriot, PT. Bank Prima Express
18/3/1991
04/08/2004
M
11/10/1989
26/7/2005
A
30/7/1991
28/9/2005
A
DAFTAR VOLUME PERDAGANGAN SAHAM HARIAN
Selama 5 Hari sebelum dan 5 Hari Setelah Merger dan Akuisisi pada
Perusahaan Go Publik
(Lembar Saham)
No
Kode
1
BDMN
2
DYNA
3
ETWA
4
DYNA
5
MEDC
6
GGRM
7
BHIT
8
ISAT
9
ETWA
10
ASII
11
BPMN
12
KLBF
13
SMGR
14
DSFI
15
TLKM
16
TURI
17
BASS
18
TURI
19
PADS
20
BLTA
21
BNLI
22
HMSP
23
PBRX
24
CPLN
25
LPBN
26
KLBF
-5
-4
-3
-2
3275000 38600000
310000
675000
7412500 1944000 2228500
919500
325000
540500
547500 3488000
821000 1112500
890000 1409000
958500
958500 1999000 5560500
413500 1013000
650500 1364000
3553500 5328500 7431000
0
1064000
0
0
442000
177000
352000
169500 1165500
5194000 5241500 5162000 2416500
130000
55000
30000
0
4701000 1626000 1565000
623000
417500
123000
53500
83000
0
214500
51500
394000
0
0 43768500 13714500
779000
272500
0
0
1500
101000
2500
6000
51500
256000
256000
256000
95000
13500
138000
698000
472500
228500
230000
387500
120000
885000
500000
160000
4695000 10958000
1500
1500
149000
317000
16829000 3024900
5959000
0
4489000
1500
384000
0
0
-1
0
1
2
3819000 13280000 7350000 36745000
1648000 2012500 9791500 2471000
816000 4131000
726000
437500
2797500 1713500 7162500 3488000
1381000 1897000
665000
288500
1963500 1164000 1579500 2110000
0 12182000 17532500 26839500
1364000
881000
921000 4321000
397500
152500
199500
195500
4925000 3899500
930500 1773000
0
200000
625000 3055000
277500
0
0 1579000
1000
0
0
55000
228000
722500
0
0
8036000 18536500 26559000
0
0
154000
252600
87500
0
97000
78000
844000
270000
388500
230000
194500
1078000
548500
77500
289500
301000 2517000
508500 1516500
1525000 3410000
185000
300000
3
2910000
1928500
611500
404000
598500
3143000
7369000
524000
1447000
931000
9055000
654500
123000
3950000
0
307000
67500
194500
10000
4248500
65000
4
510000
978500
381000
2086500
530500
1799000
1575500
0
287000
1447500
0
3072000
147500
2853000
4271000
152000
67500
194500
27500
5090000
0
5
2035000 9335800 9910000
1162000 2830500 3266300
640000 1143400
559200
1018500 1406000 2831900
672000 2171500
550900
1656500 1080900 2057600
0 3262600 10663300
0
574000 1153200
75000
452300
440800
2402000 4587800 1496800
0
43000 2547000
651000 1758500 1191300
31000
135600
71300
273500
177600 1415300
3617000 13103800 6889400
0
210300
159820
67500
22200
224900
0
217900
162700
15500
404500
84000
7476000
323900 3767900
770000
638000
264000
5711000 6853000 15520500 8394500 16223000 16805500
1500
1500
1500
1500
1500
1500
75500
160500
160000
0
50000
0
0 22381000 20409000 20032000 9563500 7092000
7335000 5178500 2561500 8559500 27480000
0
1115000
1500
0
3235500
0
2075000
1500
0
3309000
5643000
6541200
1500
217200
8446980
3694500
8922600
1500
10000
8646400
8336500
RATA-RATA VOLUME PERDAGANGAN SAHAM HARIAN
SELAMA 5 HARI SEBELUM DAN 5 HARI SETELAH MERGER DAN AKUISISI
PERUSAHAAN GO PUBLIK
Rata-rata Volume Perdagangan Saham
(Lembar Saham)
Sebelum M & A
Sesudah M & A
1 BDMN
PT. Bank Danamon
9335800
9910000
2 DYNA
PT. Dynaplast
2830500
3266300
3 ETWA
PT. Eterindo Wahanatama
1143400
559200.0
4 DYNA
PT. Dynaplast
1406000
2831900
5 MEDC
PT. Medco Energi Internasional
2171500
550900.0
6 GGRM
PT. Gudang Garam
1080900
2057600
7 BHIT
PT. Bhakti Investama
3262600
10663300
8 ISAT
PT. Indosat
574000.0
1153200
9 ETWA
PT. Eterindo Wahanatama
452300.0
440800.0
10 ASII
PT. Astra Internasional
4587800
1496800
11 BPMN
PT. Bank Danamon
43000.00
2547000
12 KLBF
PT. Kalbe Farma
1758500
1191300
13 SMGR
PT. Semen Gresik
135600.0
71300.00
14 DSFI
PT. Dharma Samudra Finishing In
177600.0
1415300
15 TLKM
PT. Telkom
13103800
6889400
16 TURI
PT. Tunas Ridean
210300.0
159820.0
17 BASS
PT. Bahtera Admina Samudera
22200.00
224900.0
18 TURI
PT. Tunas Ridean
217900.0
162700.0
19 PADS
PT. Bahtera Admina Sejahtera
404500.0
84000.00
20 BLTA
PT. Berlian Laju Tanker
323900.0
3767900
21 BNLI
PT. Bank Bali
638000.0
264000.0
22 HMSP
PT. Hanjaya Mandala Sampurna
6541200
8922600
23 PBRX
PT. Pan Brother Textile
1500.00
1500.00
24 CPLN
PT. Charoen Pokphand Indonesia
217200.0
10000.00
25 LPBN
PT. Bank Lippo
8446980
8646400
26 KLBF
PT. Kalbe Farma
3694500
8336500
Sumber: Data yang telah diolah
No
Kode
Perusahaan Pengakuisisi
Normality Test :
Descriptive Statistics
N
TVASBL
TVASSD
Valid N (listwise)
26
26
26
Minimum
1500.00
1500.00
Maximum
1.3E+07
1.1E+07
Mean
2414672
2908639
Std. Deviation
3396606.4990
3548956.8674
One-Sample Kolmogorov-Smirnov Test
N
Normal Parameters a,b
Most Extreme
Differences
Mean
Std. Deviation
Absolute
Positive
Negative
Kolmogorov-Smirnov Z
Asymp. Sig. (2-tailed)
a. Test distribution is Normal.
b. Calculated from data.
TVASBL
26
2414672
3396607
.239
.232
-.239
1.217
.103
TVASSD
26
2908639
3548957
.232
.232
-.206
1.181
.123
T-Test
Paired Samples Statistics
Pair
1
Mean
2414672
2908639
TVASBL
TVASSD
N
26
26
Std. Deviation
3396606.4990
3548956.8674
Std. Error
Mean
666129.3
696007.7
Paired Samples Correlations
N
Pair 1
TVASBL & TVASSD
26
Correlation
.750
Sig.
.000
Paired Samples Test
Paired Differences
Pair 1
TVASBL - TVASSD
Mean
-493967
Std. Deviation
2457555.1667
Std. Error
Mean
481966.2
95% Confidence
Interval of the
Difference
Lower
Upper
-1486595
498661.1
t
-1.025
df
25
Sig. (2-tailed)
.315
Breams, Floyd A, Yusuf, Amir A, 1998, Akuntansi Keuangan Lanjutan di
Indonesia, Buku Satu, Salemba Empat, Jakarta.
Bringham, Eugene F and Erhrhardt C Micheal, 2002, Financial Management
Theory and Practice, Tenth Edition, Harcourd College Publishers, New
York.
Djarwanto Ps, Pangestu Subagjo, 1998, Statistik Induktif, Edisi 4, BPFE,
Yogyakarta.
Foster, G, 1986, Findneral Statement Analysis, Second Edition Prentice-Hall,
Englewood Cliffts, New Jersey.
Guredrawati, Etty dan Bambang Sudibyo, 1999, Studi Empiris Tentang Pengaruh
Pemilihan Metode Akuntansi Untuk Merger dan Akuisisi Terhadap
Volume Perdagangan Saham Perusahaan Publik di Indonesia, Vol 2.
No.2.
Husnan, Suad, 1999, Dasar-dasar Teori Portofolio Analisis Sekuritas, UPP-AMP
YKPN, Yogyakarta.
Ikatan Akuntan Indonesia, 2002, Pernyataan Standar Akuntansi Keuangan No. 22
Tentang Akuntansi Penggabungan Usaha, Salemba Empat, Jakarta.
Jogyanto, 1998, Teori Portofolio dan Analisis Investasi, BPFE, Yogyakarta.
Moin, Abdul, 2003, Merger, Akuisisi dan Divestasi, Ekonisia, Yogyakarta.
Mortensen, Roger, 1994, Accounting for Business Combination in the Global
Economy, Journal of Accounting Education, Vol. 12. No.1.
Payamta dan Doddy Setyawan, 2004, Analisis Pengaruh Merger dan Akuisisi
Terhadap Kinerja Perusahaan Publik di Indonesia, Jurnal Riset Akuntansi
Indonesia, Vol. 7. No. 3.
Sartono, Agus, 1996, Managemen Keuangan, Edisi Ketiga, BPFE, Yogyakarta.
Sunariyah, 2004, Pengantar Pasar Modal, UPP AMP YKPN, Yogyakarta.
Wibowo, Amin, dan Yulita Milla Pakereng, 2001, Pengaruh Pengumuman
Merger dan Akuisisi Terhadap Return Saham Perusahaan Akuisitor dan
Non Akuisitor dalam Sektor Industri yang sama di Bursa Efek Jakarta,
Jurnal Ekonomi dan Bisnis, Vol. 16. No.4.
DAFTAR PERUSAHAAN GO PUBLIK
YANG MELAKUKAN MERGER DAN AKUISISI
TAHUN 2000-2005
No
Kode
Perusahaan Pengakuisisi
Perusahaan Target
Tanggal Listing
Tgl Merger dan Akuisisi
Klasifika
1
BDMN
PT. Bank Danamon
PT. Bank PDFCI
12/08/1989
01/05/2000
M
2
DYNA
PT. Dynaplast
PT. Sampak Unggul
08/05/1991
01/05/2000
A
3
ETWA
PT. Eterindo Wahanatama
PT. Eternal Petrochemical
16/5/1997
25/1/2000
A
4
DYNA
PT. Dynaplast
PT. Berlin Prospek Co
08/05/1991
25/1/2000
A
5
MEDC
PT. Medco Energi Internasional
PT. Western Simenggalis
10/12/1994
26/1/2000
A
6
GGRM
PT. Gudang Garam
PT. Industri Soda
27/8/1990
28/1/2000
A
7
BHIT
PT. Bhakti Investama
PT. Bentoel Prima
24/11/1997
02/07/2000
A
8
ISAT
PT. Indosat
PT. Satelindo
19/10/1994
23/2/2000
A
9
ETWA
PT. Eterindo Wahanatama
PT. Surya Melindo Megatama
16/5/1997
27/3/2000
A
10
ASII
PT. Astra Internasional
Cyele dan Parriage Limited
04/04/1990
04/07/2000
A
11
BPMN
PT. Bank Danamon
Bank Jaya, Bank Tiara, Bank Pos, Bank Tamara
12/06/1989
17/4/2000
M
12
KLBF
PT. Kalbe Farma
PT. Erbhpharma Internasional
13
SMGR
PT. Semen Gresik
PT. Bintang Cement Mandiri
14
DSFI
PT. Dharma Samudra Finishing Industri
PT. Tirta Arta Mina
15
TLKM
PT. Telkom
PT. Dayamitra Telekomunikasi
16
TURI
PT. Tunas Ridean
PT. Tunas Mobilindo
17
BASS
PT. Bahtera Admina Samudera
PT. Intelegalaxy Delta Fisheries
18
TURI
PT. Tunas Ridean
PT. Jardine Internasional Motor
19
PADS
PT. Bahtera Admina Sejahtera
PT. Megah Galaxy
20
BLTA
PT. Berlian Laju Tanker
PT. Citra Pesona
01/10/1998
16/1/2002
A
21
BNLI
PT. Bank Bali
PT. Bank Universial, PT, Bank Artha Media,
15/1/1990
22/4/2000
M
22
HMSP
PT. Hanjaya Mandala Sampurna
PT. Prima Karya Utama Graha
15/8/1990
29/5/2002
A
23
PBRX
PT. Pan Brother Textile
PT. Kanwell Indonesia
16/8/1990
15/12/2002
A
24
CPLN
PT. Charoen Pokphand Indonesia
PT. Megah Bahyangan dan PT. Udang Inti Pertiwi
25
LPBN
PT. Bank Lippo
Santubong Investment BV
26
KLBF
PT. Kalbe Farma
PT. Dankos Laboratories Tbk dan PT. Ensevai
30/7/1991
07/08/2000
A
07/08/1991
15/7/2000
A
24/3/2000
11/10/2000
A
14/11/1995
14/12/2000
A
16/5/1995
16/4/2001
A
11/08/1999
05/01/2001
A
16/5/1995
13/6/2001
A
11/08/1999
14/6/2001
A
PT. Bank Patriot, PT. Bank Prima Express
18/3/1991
04/08/2004
M
11/10/1989
26/7/2005
A
30/7/1991
28/9/2005
A
DAFTAR VOLUME PERDAGANGAN SAHAM HARIAN
Selama 5 Hari sebelum dan 5 Hari Setelah Merger dan Akuisisi pada
Perusahaan Go Publik
(Lembar Saham)
No
Kode
1
BDMN
2
DYNA
3
ETWA
4
DYNA
5
MEDC
6
GGRM
7
BHIT
8
ISAT
9
ETWA
10
ASII
11
BPMN
12
KLBF
13
SMGR
14
DSFI
15
TLKM
16
TURI
17
BASS
18
TURI
19
PADS
20
BLTA
21
BNLI
22
HMSP
23
PBRX
24
CPLN
25
LPBN
26
KLBF
-5
-4
-3
-2
3275000 38600000
310000
675000
7412500 1944000 2228500
919500
325000
540500
547500 3488000
821000 1112500
890000 1409000
958500
958500 1999000 5560500
413500 1013000
650500 1364000
3553500 5328500 7431000
0
1064000
0
0
442000
177000
352000
169500 1165500
5194000 5241500 5162000 2416500
130000
55000
30000
0
4701000 1626000 1565000
623000
417500
123000
53500
83000
0
214500
51500
394000
0
0 43768500 13714500
779000
272500
0
0
1500
101000
2500
6000
51500
256000
256000
256000
95000
13500
138000
698000
472500
228500
230000
387500
120000
885000
500000
160000
4695000 10958000
1500
1500
149000
317000
16829000 3024900
5959000
0
4489000
1500
384000
0
0
-1
0
1
2
3819000 13280000 7350000 36745000
1648000 2012500 9791500 2471000
816000 4131000
726000
437500
2797500 1713500 7162500 3488000
1381000 1897000
665000
288500
1963500 1164000 1579500 2110000
0 12182000 17532500 26839500
1364000
881000
921000 4321000
397500
152500
199500
195500
4925000 3899500
930500 1773000
0
200000
625000 3055000
277500
0
0 1579000
1000
0
0
55000
228000
722500
0
0
8036000 18536500 26559000
0
0
154000
252600
87500
0
97000
78000
844000
270000
388500
230000
194500
1078000
548500
77500
289500
301000 2517000
508500 1516500
1525000 3410000
185000
300000
3
2910000
1928500
611500
404000
598500
3143000
7369000
524000
1447000
931000
9055000
654500
123000
3950000
0
307000
67500
194500
10000
4248500
65000
4
510000
978500
381000
2086500
530500
1799000
1575500
0
287000
1447500
0
3072000
147500
2853000
4271000
152000
67500
194500
27500
5090000
0
5
2035000 9335800 9910000
1162000 2830500 3266300
640000 1143400
559200
1018500 1406000 2831900
672000 2171500
550900
1656500 1080900 2057600
0 3262600 10663300
0
574000 1153200
75000
452300
440800
2402000 4587800 1496800
0
43000 2547000
651000 1758500 1191300
31000
135600
71300
273500
177600 1415300
3617000 13103800 6889400
0
210300
159820
67500
22200
224900
0
217900
162700
15500
404500
84000
7476000
323900 3767900
770000
638000
264000
5711000 6853000 15520500 8394500 16223000 16805500
1500
1500
1500
1500
1500
1500
75500
160500
160000
0
50000
0
0 22381000 20409000 20032000 9563500 7092000
7335000 5178500 2561500 8559500 27480000
0
1115000
1500
0
3235500
0
2075000
1500
0
3309000
5643000
6541200
1500
217200
8446980
3694500
8922600
1500
10000
8646400
8336500
RATA-RATA VOLUME PERDAGANGAN SAHAM HARIAN
SELAMA 5 HARI SEBELUM DAN 5 HARI SETELAH MERGER DAN AKUISISI
PERUSAHAAN GO PUBLIK
Rata-rata Volume Perdagangan Saham
(Lembar Saham)
Sebelum M & A
Sesudah M & A
1 BDMN
PT. Bank Danamon
9335800
9910000
2 DYNA
PT. Dynaplast
2830500
3266300
3 ETWA
PT. Eterindo Wahanatama
1143400
559200.0
4 DYNA
PT. Dynaplast
1406000
2831900
5 MEDC
PT. Medco Energi Internasional
2171500
550900.0
6 GGRM
PT. Gudang Garam
1080900
2057600
7 BHIT
PT. Bhakti Investama
3262600
10663300
8 ISAT
PT. Indosat
574000.0
1153200
9 ETWA
PT. Eterindo Wahanatama
452300.0
440800.0
10 ASII
PT. Astra Internasional
4587800
1496800
11 BPMN
PT. Bank Danamon
43000.00
2547000
12 KLBF
PT. Kalbe Farma
1758500
1191300
13 SMGR
PT. Semen Gresik
135600.0
71300.00
14 DSFI
PT. Dharma Samudra Finishing In
177600.0
1415300
15 TLKM
PT. Telkom
13103800
6889400
16 TURI
PT. Tunas Ridean
210300.0
159820.0
17 BASS
PT. Bahtera Admina Samudera
22200.00
224900.0
18 TURI
PT. Tunas Ridean
217900.0
162700.0
19 PADS
PT. Bahtera Admina Sejahtera
404500.0
84000.00
20 BLTA
PT. Berlian Laju Tanker
323900.0
3767900
21 BNLI
PT. Bank Bali
638000.0
264000.0
22 HMSP
PT. Hanjaya Mandala Sampurna
6541200
8922600
23 PBRX
PT. Pan Brother Textile
1500.00
1500.00
24 CPLN
PT. Charoen Pokphand Indonesia
217200.0
10000.00
25 LPBN
PT. Bank Lippo
8446980
8646400
26 KLBF
PT. Kalbe Farma
3694500
8336500
Sumber: Data yang telah diolah
No
Kode
Perusahaan Pengakuisisi
Normality Test :
Descriptive Statistics
N
TVASBL
TVASSD
Valid N (listwise)
26
26
26
Minimum
1500.00
1500.00
Maximum
1.3E+07
1.1E+07
Mean
2414672
2908639
Std. Deviation
3396606.4990
3548956.8674
One-Sample Kolmogorov-Smirnov Test
N
Normal Parameters a,b
Most Extreme
Differences
Mean
Std. Deviation
Absolute
Positive
Negative
Kolmogorov-Smirnov Z
Asymp. Sig. (2-tailed)
a. Test distribution is Normal.
b. Calculated from data.
TVASBL
26
2414672
3396607
.239
.232
-.239
1.217
.103
TVASSD
26
2908639
3548957
.232
.232
-.206
1.181
.123
T-Test
Paired Samples Statistics
Pair
1
Mean
2414672
2908639
TVASBL
TVASSD
N
26
26
Std. Deviation
3396606.4990
3548956.8674
Std. Error
Mean
666129.3
696007.7
Paired Samples Correlations
N
Pair 1
TVASBL & TVASSD
26
Correlation
.750
Sig.
.000
Paired Samples Test
Paired Differences
Pair 1
TVASBL - TVASSD
Mean
-493967
Std. Deviation
2457555.1667
Std. Error
Mean
481966.2
95% Confidence
Interval of the
Difference
Lower
Upper
-1486595
498661.1
t
-1.025
df
25
Sig. (2-tailed)
.315