Jurnal Akuntansi Dan Manajemen
Vol 34 No 1 (2023): JAM Vol 34 No 1 April 2023

ANALYSIS OF THE EFFECT OF FINANCIAL PERFORMANCE AND MARKET PERFORMANCE ON FIRM VALUE WITH MARKET VALUE ADDED AS A MEDIATION VARIABLE

Saraswati Risma Dewi (STIE YKPN Yogyakarta)
Aidilla Fitri Dwi Setyowati (STIE YKPN Yogyakarta)
Sekar Kalista (STIE YKPN Yogyakarta)
Theresia Trisanti (STIE YKPN Yogyakarta)



Article Info

Publish Date
30 Apr 2023

Abstract

The purpose of this study is to determine the effect of financial performance calculated by Return on Assets and market performance calculated by Price Earning Ratio on firm value through Market Value Added as an intervening variable in mining companies listed on the Indonesia Stock Exchange in 2018-2020. The population used is 77 mining companies, purposive sampling method is used as a sampling technique which is then obtained by 25 mining companies with 75 data. Hypothesis testing uses a simultaneous test, partial test, and Sobel test. The research findings show that the relationship between financial performance and firm value; is supported, but the relationship between market performance and firm value; is not supported. Furthermore, Market Value Added can mediate the effect of financial performance on firm value, but Market Value Added is not able to mediate the effect of market performance on firm value

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Journal Info

Abbrev

jam

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Akuntansi dan Manajemen is an Economic, Management, and Accounting Journal published by the Sekolah Tinggi Ilmu Ekonomi Yayasan Keluarga Pahlawan Negara as a medium to study various phenomena or problems as well as the results of research related to Economics, Management, and Accounting in a ...