Manuscript Title:

ACHIEVEMENT OF COMPANY VALUE IN THE FOOD AND BEVERAGE SECTOR BASED ON FINANCIAL PERFORMANCE

Author:

NANI ERNAWATI.S.E.MM, BAYU ANUGRAH R, FAJAR TRI H, ILHAM A, PUTI CINDY N

DOI Number:

DOI:10.5281/zenodo.8424696

Published : 2023-10-10

About the author(s)

1. NANI ERNAWATI.S.E.MM - Management Study Program, Faculty of Economics, Nusantara Islamic University Bandung.
2. BAYU ANUGRAH R - Management Study Program, Faculty of Economics, Nusantara Islamic University Bandung.
3. FAJAR TRI H - Management Study Program, Faculty of Economics, Nusantara Islamic University Bandung.
4. ILHAM A - Management Study Program, Faculty of Economics, Nusantara Islamic University Bandung.
5. PUTI CINDY N - Management Study Program, Faculty of Economics, Nusantara Islamic University Bandung.

Full Text : PDF

Abstract

The company value reflected in the share price is an important focus for investors and companies so it is necessary to analyze the factors that can influence it. Conceptually, the increase in company value can be driven by financial performance including ROE, EPS, MVA and EVA. However, in the initial survey, an empirical gap was found at PT Indofood CBP Sukses Makmur Tbk, where these four variables did not always influence stock prices, and the research gap that occurred required the author to further examine the influence of these four variables on stock prices. The difference between this research and the previous one lies in the longer research period, namely 10 years, so it is more representative. With a population of 58 companies, a purposive sample was obtained of 21 companies. Though Robust Least Square Analysis, it is on found that simultaneously and partially Roe, EPS, MVA and EVA have a significant effect on firm value, thus the four variables can be used to measure the value of F&B companies listed on the IDX


Keywords

Return on Equity (ROE), Earning Per Share (EPS), Market Value Added (MVA), and Economic Value Added (EVA) and Share Prices.