THE OPERATING PERFORMANCE INFLUENCES FIRM VALUE THROUGH EARNINGS MANAGEMENT OF LISTED COMPANIES ON THE STOCK EXCHANGE OF THAILAND
Keywords:
firm value, earning management, operating performanceAbstract
The objective of this research is to study of the operating performance influencing firm value through earnings management of the listed company on the Stock Exchange of Thailand and examine the Path Analysis of the operating performance by the Earnings Management which has the effect to the firm value of the listed company of Thailand by collecting data on year 2555-2559 B.E. from the listed company of Thailand (SET100) that such of the variation of operating performance uses the Return on Equity (ROE), but the firm value uses the computation of Tobin’s Q to the evaluation of operating performance of company, and the earnings management uses the model of Modified Jones. The data analysis uses the descriptive statistic and analysis the Path Analysis of the operating performance through the earnings management which has the effect on the firm value of the listed company of Thailand. The result indicated the operating performance on the Return on Equity has positive influence to the firm value and the earnings management, while the earnings management affects significantly in the positive way to the value of the listed company of the Stock Exchange of Thailand, and the analysis the Path Analysis has been found that the operating performance on the Return on Equity has positive influence to the firm value and the earnings management of the listed company of the Stock Exchange of Thailand, significantly at level .01
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