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Abstract

The study tries to determine the influence of mergers and acquisitions on financial performance by comparing impact on public firm performance before and after mergers and acquisitions.The paired sample t-test shows how mergers and acquisitions affect financial performance.It's an event study.The author sampled 10 of IDX's 21 mining businesses for this investigation.Documentation was employed to obtain data from IDX-listed firms' financial statements.Purposive sampling is a random method of sample selection based on research aims or difficulties.Event window, statistical, and descriptive analysis test research tools.Data was analyzed using paired sample t-test.The study demonstrates that mergers and acquisitions have no substantial influence on financial performance.The difference between a company's performance before and after a merger or acquisition is a higher mean liquidity and activity ratio and a lower leverage and profitability ratio.