Fitriana, Senja Febi and Suripto, Suripto and Wardianto, Kussuyatmono Bagus and Agung, Maulana (2022) Does earning management mediate the effect of stock price on company value? Main Board Energy Sub-Sector Companies in Indonesia During the Covid-19 Period. International Journal of Advanced Multidisciplinary Research and Studies, 2 (3). pp. 461-466. ISSN 2583-049X
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Abstract
The purpose of the study was to analyze the effect of stock price fluctuations, with the mediation of earnings management on the value of companies listed in the main board energy sub-sector in Indonesia during the 2018-2020 period of covid-19. The research sample uses 31 companies through purposive sampling. The research analysis tool uses SmartPLS 3.0. Based on the results of the analysis, the path coefficient of stock price fluctuations with company value shows that there is an effect of stock price fluctuations on company value. The path coefficient of stock price fluctuations with earnings management shows that there is an effect of stock price fluctuations on earning management. Meanwhile, the coefficient of earning management path with company value, there is no effect of earning management on company value. It also occurs in the path coefficient of earning management as a mediation of stock price fluctuations on company value. The analysis shows that there is no effect of earning management as a mediation of stock price fluctuations on company value. This is supported by the results of testing the third hypothesis which makes earning management as a mediation a negative effect on company value. However, because the results of testing the second hypothesis have an effect on stock price fluctuations on earning management, it can be concluded that earnings management only mediates a small part of stock price fluctuations on company value, although there is no effect of earning management as a mediator. Keywords: Stock Prices, Earning Management, Company Value, Economic Value Added (EVA) and Covid-19
| Item Type: | Article |
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| Subjects: | H Social Sciences > HG Finance |
| Divisions: | Fakultas Ilmu Sosial dan Ilmu Politik (FISIP) > Prodi Magister Ilmu Administrasi |
| Depositing User: | Dr. Kussuyatmono Bagus Wardianto |
| Date Deposited: | 12 Oct 2022 09:46 |
| Last Modified: | 12 Oct 2022 09:46 |
| URI: | http://repository.lppm.unila.ac.id/id/eprint/45653 |
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