Journal Article

Acknowledgement

“… the beauty of the destination is half veiled and the fragrance of the success half dull until the traces of all those enlightening the path are left to fly with the wind spreading word of thankfulness…”

Keeping this in view, it is a genuine pleasure to express our deep sense of thanks and gratitude to our lecturer, Mr. Puspakaran A/L Kesayan for encouraging us and for his valuable guidance, keen interest and encouragement throughout this semester. His guidance and knowledge helped us to achieve our goal. We are extremely grateful and indebted to him.

During the course of this work, the constant association with the group members has been most pleasurable. Without their help, the completion of this work would have been immeasurably more difficult. We also would like to extend our sincere thanks to all the individuals that involve indirectly in this project. It would not have been possible without the kind of support and help from them.

Methodology

I. Literature review

According to the text, Managerial Economics and Business Strategy written by Michael R. Baye, the value of a firm is the present value of the firm’s current and future profits. It is an economic measure reflecting the market value of a whole business. The method used in this research is quantitative analysis.. Five journal article are chosen for this project. Those article are:

i) International Journal of Economics and Finance (Chien Jen,2014),

ii) Factors that affecting firm value (Moeljadi, Brawijaya and Triningsih Sri Supriyati, 2014),

iii) Putting ratio into a firm value context (Tom Arnold,2011),

iv) Firm Value and Cross-Listings (Nicola Cetorelli and Stavros Peristiani ,2010) and

v) Corporate Governance and Company Performance (Palanisamy Saravanan ,2012).

II. Data collection and sampling

Data are collected covers a period of 5 years from 2010 to 2014. These annual reports provides variables needed for this project. Total of 30...