Detail Synergy, Diversification and Firm Performance in Mergers and Acquisitions (article of Advances in Economics, Business and Management Research Vol.100 and Proceedings of the 2019 International Conference on Organizational Innovation) (ICOI 2019) Bibliografi Author: Septian, Stanley ; Dharmastuti, Christiana Fara Topik: Merger; Acquisition; Synergy; Diversification; Firm Performance; JABFUNG-FEB-CHF-2021-07 Bahasa: (EN )     Penerbit: Atlantis Press     Tahun Terbit: 2019     Jenis: Article - diterbitkan di jurnal ilmiah internasional Fulltext: Sinergy Diversification and Firm Performance.pdf (2.18MB; 13 download) [Informasi yang berkaitan dengan koleksi ini di internet] Abstract Synergy from merger and acquisition (M&A) theoretically increases firm performance. However, diversification leads to coinsurance effect which reduces firm value. This study aims to analyze the relationship between synergy and firm performance measured using return on assets (ROA) and Tobin’s Q, with diversification as moderating variable. Analysis was carried out using data from 33 M&A cases by non-financial firms listed in the Indonesia Stock Exchange, done between 2010 and 2016. Results show that synergy has a positive effect on both ROA and Tobin’s Q. Meanwhile, diversification moderates the impact of synergy towards both ROA and Tobin’s Q, thereby decreasing firm performance. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

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