Financial Performance, Abnormal Return, And External Factor On The Share Price Of Service Companies Before And After The Acquisition At IDX
Abstract
The COVID-19 pandemic is a new challenge for all levels of society worldwide, especially for business
owners whose businesses are affected by government policies to suppress the spread of COVID-19.
Therefore, expanding is one of the company's strategies for maintaining its business amid these critical
conditions. In this study, there are two objectives where the first topic aims to find out whether there is a
difference in financial performance and abnormal returns before and after the company acquires, and the
second objective is to find out whether there is an effect of financial performance, inflation, and interest
rates on the company's stock price. The results of this study on the first topic show that CR, ROA, ROE,
TATO, DER, and Abnormal Return do not have significant differences before and after the company
acquires. The results of the study on the second topic show that CR, ROA, ROE, and inflation have a
significant positive effect on changes in the company's stock price. In contrast, TATO, DER, and interest
rates significantly negatively affect changes in the company's stock price.
Keywords: COVID-19, Financial Performance, Inflation, Interest Rate,
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