RESTRUCTURING, MERGER AND ACQUISITION
Main Article Content
Nurhayati
Hasan
Andri Buang
Chairil Anwar
Fetty Herlina
Lukmannulhakim Putra
Indrayani
Muammar Khaddafi
Companies need to develop an appropriate strategy in order to maintain its presence and improve its performance. One attempt to become a large company and strong is to implement the strategy of restructuring. The emergence of the free market era has an impact on increasingly fierce corporate business competition. This condition spurred business people to pay attention to the strategy pursued. In fact, the company continues to formulate and perfect its business strategy in order to win the competition. The realignment of restructuring the company`s capital structure can execute through mergers and acquisitions. This research aim is to review the importance of merger activity and investment in terms of objectives and benefits. Methods used a literature review and secondary data. The research suggests that a company merger and acquisition support operation. There is good financial synergy and diversification, achieves economy of scale and scope that leads to cost efficiency and profitability, can obtain management skills, improve market forces, and may also be tax benefits. Because of that, the merger and acquisition were selective to enhance the company`s performance.
Ahern, KR, & Weston, FJ (2019). M&As : The good, the bad, and the ugly. Journal of Applied Finance, 17(1), 5–20. Retrieved on 19 May 2023 from https://msbfile03.usc.edu/digitalmeasures/kenneth.ahern/intellcont/Ahern.Weston.2007-1.pdf
Dwi RS, Rita A. (2022). Mergers and Acquisitions Restructuring Company Financial Performance: 2b 1f (Better, Bad And Faulty) Perspective. Journal of Accounting and Tax, SSN1412-629X l E-ISSN2579-3055, Accessed May 15, 2023 from https://www.researchgate.net/publication/365043364_MERGER_DAN_AKUISISI_RESTRUKTURISASI_KINERJA_KEUANGAN_PERUSAHAAN_PRESPECTIF_2B_1F_BETTER_BAD_AND_FAULTHY
Ferry S. (2022). Lively Issuers Caplok Here and There, Evidence that RI is Anti-Crisis?. CNBC Indonesia. Accessedon May 19, 2023 from https://www.cnbcindonesia.com/market/20221227012456-17-400320/emiten-lincah-caplok-sana-sini-proof-ri-anti-krisis?page=all
Helmalia (2016). Analysis of Acquisition and Restructuring Strategies in the Company's Business. Journal of Financial Institutions and Banking-Volume 1, No.1, Accessed on 15 May 2023 from https://core.ac.uk/download/pdf/229198003.pdf
I Nyoman NAP, Nengah S. (2022). Improved Performance through Mergers and Acquisitions. Guna Sewaka: Journal of Management, Vol. 1 No. 2 August 2022, ISSN : 2828-6596, Retrieved 15 May 2023 from https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwjvlYDY4vb-AhWmT2wGHSdIBQoQFnoECBwQAQ&url=https%3A%2F%2Fe-journal.iahn-gdepudja.ac.id%2Findexphp%2FGSJ%2Farticle%2Fdownload%2F669%2F353&usg=AOvVaw3TIGNKN2mC2JDuvF-2Olnt
Josua T. Phd., CFP., CMA., CSRA., CIBA., Swenjiadi Y., Grace N (2016). Acquisition And Restructuring In Corporate Business. Retrieved on 15 May 2023 from https://repository.petra.ac.id/17800/1/Publication1_04025_3364.pdf
PT. Pertamina Press release (2021). Completed Restructuring Process, All Pertamina Subholdings Ready to Step on the Gas.Retrieved on 19 May 2023 from https://www.pertamina.com/id/news-room/news-release/dinding-restrukturisasi-tuntas-selves-subholding-pertamina-ready-tancap-gas
