ISSN: 2225-8329
Open access
The evolving business environment may force the telecommunications and information-technology sectors to integrate and work together to become more service-oriented. In Malaysia, most companies that have experienced mergers and acquisitions (M&A) are facing some difficulties in maintaining their performance and efficiency due to some circumstances. Therefore, this study investigates the performance of the selected telecommunication companies that have been involved in M&A from the selected middle-income ASEAN countries. The observations are based on internal factors in the companies, which include liquidity, company size, growth, and debt concerning the return-on-asset performance. The Random Effect Regression Model has been used for secondary data collected in Malaysia, Indonesia, and the Philippines from 2007 until 2021. The findings suggest that growth has a positive relationship with profitability, while liquidity, debt, and size have a negative indicator. Meanwhile, it is found that all the independent variables are significant with profitability. These proven results have finally concluded that the target companies should create total asset efficiency to improve their performance in the future. For upcoming research, it is suggested that future researchers include more companies in more countries and more numbers of years involved.
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In-Text Citation: (Manaf & Baharuddin, 2022)
To Cite this Article: Manaf, S. M. A., & Baharuddin, N. S. (2022). Performance Analysis of Merged Telecommunication Companies among ASEAN Middle-Income Countries. International Journal of Academic Research in Accounting Finance and Management Sciences, 12(3), 448–462.
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