become a separate SOE bank with a merger or consolidation pattern; and (iii) estimate the amount of State Capital … formation of a large Islamic bank, provided there are independent controlling shareholders; (ii) merger or consolidation … effects on the choice of merger or consolidation scheme are expected in terms of legality and conflict of interest between …

The pecking order theory of capital structure is one of the most influential theories of corporate finance. The purpose … of this study is to explore the most important factors on a firm’s capital structure by pecking-order theory … firms appear to take advantage of the tax deductibility of debt. The findings are important for management and investors …

the merger effect on acquirer stock return, which means the merger directly influence the acquirer stock return. Thus the … hypothesis that mergers effect the stock return are empirically supported of accepted. The result also show that the merger does …

with capital, asset quality, management, earnigs, and liquidity as known as CAMEL. Capital use CAR ratio, asset quality use … NPL ratio, management use NPM ratio, earnigs use NIM and BOPO ratio, and the last liquidity use LDR ratio. That ratio can …