ผลกระทบของมูลค่าเพิ่มเชิงเศรษฐกิจและอัตราส่วนทางการเงินที่มีผลต่อมูลค่าเพิ่มทางการตลาดของบริษัทจดทะเบียนในกลุ่มดัชนีเซ็ต๑๐๐

Abstract

The purpose of this study is to find the impact of economic value added and financial ratios towards market value added of listed companies in SET100 Index. Financial ratios used in this study are Profitability ratios which comprises of (1) return on assets (ROA), (2) return on equity (ROE) and (3) earnings per share (EPS). The samples were companies in the SET100 Index, all annual financial reports for 5 years (from 2014 to 2018) was collected. This research excludes companies in financial industry. Multiple linear regression was employed to analyze the information. The independent variable were profitability ratios and economic value added, the dependent variable was market value added, and the controlled variables were size of firms and financial risks. The results show that economic value added, ROA, and ROE all have a significant impact on the market value added.