Financial Performance Analysis of Telecommunications Companies in Southeast Asia Before and After Mergers and Acquisitions 2018-2021

Abstract

This research is based on the phenomenon of many companies conducting mergers and acquisitions in the midst of the Covid-19 pandemic that has occurred since 2020. This is done with the hope of increasing the company's financial performance. Researchers are interested in examining the financial condition of telecommunications companies in Southeast Asia by analyzing financial performance before and after mergers and acquisitions. The method of data collection was carried out using purposive sampling technique. The sample comes from the financial statements of each company before and after mergers and acquisitions. The financial report is taken from the official website of the telecommunications company and is a Go Public company. The research method used is a quantitative approach by performing statistical T-tests and comparative techniques on several financial ratios. These ratios are Current Ratio, Quick Ratio, Debt to Equity Ratio, Return On Assets, Return On Equity, and Net Profit Margin. The results obtained after performing a statistical T test on several of these ratios found there is no significant change of all financial ratios used in this study.