Dampak Jangka Panjang Merger dan Akuisisi Terhadap Pemegang Saham di BEJ Perbandingan Akusisi Internal dan Eksternal
This research based on sample of companies that listed on Jakarta Stock Exchange and perform merger and acquisition during 1999-2000. The results show that there is no significant in¬fluence of merger and acquisition toward shareholder prosperity. There isn’t any significant differ¬ent of AAR and CAAR of companies which perform internal as well as external merger and acqui¬sition. Furthermore, the AAR and CAAR of companies before and after merger and acquisition are insignificantly different.
Keywords: merger, acquisition, shareholder prosperity, AAR, CAAR.