COMPARATIVE ANALYSIS OF FINANCIAL PERFORMANCE BEFORE AND AFTER THE MERGER USING MARKET VALUE ADDED (MVA), ECONOMIC VALUE ADDED (EVA), FINANCIAL VALUE ADDED (FVA) AND BANK FINANCIAL RATIO IN SHARIA COMMERCIAL BANKS
DOI:
https://doi.org/10.29103/icofeb.v2i-.1145Keywords:
Financial Performance, Market Value Added (MVA), Economic Value Added (EVA), Financial Value Added (FVA), Return On Assets (ROA), and Return On Equity (ROE)Abstract
This research aims to determine whether there are changes or differences in financial performance before and after the merger using the Market Value Added (MVA), Economic Value Added (EVA), Financial Value Added (FVA), Return On Assets (ROA), Return On Equity methods . (ROE) in Sharia Banking. The population in this study consisted of 4 sharia banks before the 2019-2020 merger and after the 2021-2022 merger. The sample used in this research is a saturated sample where the entire population in this research is the sample. This research is quantitative research using secondary data analyzed using statistical tests using the SPSS 29 application with analysis techniques in the form of descriptive statistics, normality tests and hypothesis tests . The research results used the paired sample t-test and Wilxocon Signed Ran hypothesis testing k indicates that there are significant differences in the measurement of Market Value Added (MVA) financial performance , Financial Value Added (FVA) , Return on Assets (ROA) and Return on Equity (ROE) between before and after the merger. Apart from that, there is 1 ( one ) method of measuring financial performance which shows a significant difference in the form of a decrease between before and after the merger, namely Economic Value Added ( EVA).
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