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

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

financial performance, market performance, market value added, firm value.

The purpose of this study is to determine the effect of financial performance calculated by Return on Assets and market performance calculated by Price Earnings 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.

Saraswati Risma Dewi, Aidilla Fitri Dwi Setyowati, Sekar Kalista, Theresia Trisanti

http://jam.stieykpn.ac.id/index.php/jam/issue/view/145

STIE YKPN Yogyakarta

April 2023

Sri Wahyuni

ISSN 2621-704X (Online) /0853-1269 (Cetak)

PDF

Indonesian

Text

Jurnal Akuntansi dan Manajemen STIE YKPN Yogyakarta 2023