Economic value added and market value added at PT. Goto Gojek Tokopedia Tbk

Alfaini, Nur Risqi and Kholilah, Kholilah ORCID: https://orcid.org/0000-0003-1828-9642 (2023) Economic value added and market value added at PT. Goto Gojek Tokopedia Tbk. Jurnal Pendidikan Akuntansi (JPAK), 11 (3). pp. 253-266. ISSN 2722-7502

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Abstract

This research will ascertain PT GoTo Gojek Tokopedia's financial performance before the IPO. The NVivo 12 application is used to examine the qualitative research approach employed in this study. The findings revealed that EVA before the IPO was below zero, indicating that the company cannot add value for shareholders and cannot meet its debt obligations. In 2020, the MVA value was positive; in 2021, it was negative. According to these findings, the corporation did well in 2020 but poorly in 2021. These two findings show that the company's financial performance was poor before the IPO. As a result, the company's choice to go public was rushed and bad for stakeholders. This study is anticipated to offer stakeholders a reference method for measuring financial performance.

Item Type:	Journal Article
Keywords:	Company performance; economic value added; market value added
Subjects:	15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1501 Accounting, Auditing and Accountability > 150103 Financial Accounting
Divisions:	Faculty of Economics > Department of Accounting
Depositing User:	Kholilah Kholilah
Date Deposited:	25 Feb 2025 10:22

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