The Effect of Business Strategy on Firm Value, Performance Measurement Model and Company Performance as Intervening Variable: Empirical Study on Jakarta Islamic Index

摘要

This study aims to obtain empirical evidence about the relationship between Corporate Strategy, Performance Measurement Model, Company Performance and Value of the Firm. The research subjects are companies that have publicly well-known and recorded in the Jakarta Islamic Index between 2013 and 2017. The number of samples in this study were 30 companies. Using Path analysis in analyzing data, it is revealed that the Company Strategy has a positive effect on Value of the Firm. Company strategy through company performance had a positive effect on Value of the Firm. The company's strategy also had a positive effect on Company Performance both directly and through the Performance Measurement Model. Meanwhile, the Performance Measurement Model did not affect the Company's performance. Furthermore, the Performance Measurement Model had a positive effect on company value both directly and through company performance. It is expected that this research will be used as a basis for decision making about the company's strategy and its performance measurement model.