Analysis of Financial Performance Economic Value Added Market Value Added to Company Value (Empirical Study of PT Toba Pulp Lestari Tbk 2019-2023)
DOI:
https://doi.org/10.24114/jcrs.v9i1.68386Abstract
This study aims to examine the influence of financial performance indicators (current ratio, debt-to-equityratio, inventory ratio, net profit margin) and economic value added, as well as market value added, on firm value asrepresented by the price-to-earnings ratio. This research employs a quantitative methodology. The data is obtainedfrom secondary sources, specifically the financial records of PT Toba Pulp Lestari TBK from 2019 to 2023. Theemployed method is multiple linear regression analysis with EViews 12. Conclusions can be derived from the studytitled Analysis of Financial Performance of Economic Value Added and Market Value Added in Relation to CompanyValue at Toba Pulp Lestari TBK from 2019 to 2023. Current Ratio (CR) positively and significantly influencescompany value, while Debt to Equity Ratio (DER) negatively and significantly impacts company value. InventoryTurnover (ITO) also has a negative and significant effect on company value. Net Profit Margin (NPM) positivelyaffects company value but is insignificant. Economic Value Added (EVA) and Market Value Added (MVA) bothpositively and significantly enhance company value.Downloads
Published
2025-08-11
Issue
Section
Jan 2025
License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
- This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
