The impact of performance measures, leverage and efficiency on market value added: Evidence from Iran

2015 ◽  
Vol 20 (1) ◽  
pp. 6-14 ◽  
Author(s):  
Mohammad Alipour ◽  
Mohammad Ebrahim Pejman
Keyword(s):  
Performance Measures ◽  
Value Added ◽  
Market Value ◽  
Market Value Added ◽  
The Impact

The Value Of The State-Owned Enterprises In Indonesia: A Case Study Of Privatization

2011 ◽  
Vol 8 (7) ◽  
Author(s):  
Sri Hasnawati
Keyword(s):  
Ownership Structure ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Market Value ◽  
The State ◽  
State Budget ◽  
Market Value Added ◽  
The Impact

This research aims to test the impact of the ownership structure toward the performance of the State-Owned Enterprises (SOEs). It examines the relationship between the performance of the SOEs and the market value. The study involves 13 SOEs listed at the Jakarta Stock Exchange. Of the 13 SOEs, 9 were selected as samples. The performance of the SOEs is measured by means of the EVA (Economic Value Added) indicator and the market value by the MVA (Market Value Added) indicator. The result of the study reveals that the ownership structure does not have an impact on the performance of the SOEs, either partially or simultaneously. To a smaller degree, the study also indicates that there is a relationship between the EVA and the MVA. The implication of this study is that the privatization of the SOEs should not fully be used to help with the state budget deficit. That is, the majority of the funds should be allocated for the purpose of developing or expanding the SOEs themselves so that they can perform optimally for the sake of society. Furthermore, the SOEs should be well-managed if they would like to obtain good responses from the market.

scholarly journals The Impact of Market Value Added to Shareholder Value: Evidence from Indonesia Firms

2020 ◽  
Vol 86 ◽  
pp. 01029
Author(s):  
Rio Dhani Laksana ◽  
Viviana Mayasari
Keyword(s):  
Stock Exchange ◽  
Shareholder Value ◽  
Economic Value ◽  
Value Added ◽  
Market Value ◽  
Economic Value Added ◽  
Negative Effect ◽  
Market Value Added ◽  
Measure Of Performance ◽  
The Impact

Presently financial experts developed the new concept as a value-based measure of performance in the creation of shareholder value. Market value for shareholders are among the most important goals of firms and owners The purpose of this study is to obtain empirical evidence of Economic Value Added (EVA) affects shareholder value by the method of Market Value Added (MVA) The research using non-financial companies listed on the Stock Exchange from 2013-2017. The result is support that the Economic Value Added (EVA) positive effect on shareholder value or in other words, the higher EVA is the higher shareholder value. The larger the company greater shareholder value and Leverage negative effect on shareholder value as measured using the method of MVA.

scholarly journals ANALISIS PENGARUH ECONOMIC VALUE ADDED TERHADAP MARKET VALUE ADDED PADA 20 EMITEN TERAKTIF DI BURSA EFEK JAKARTA PERIODE 2001 2005

2019 ◽  
Vol 2 (2) ◽  
pp. 97
Author(s):  
Wibowo Wibowo ◽  
Koes A Windyarti
Keyword(s):  
Stock Exchange ◽  
Economic Value ◽  
Operating Cost ◽  
Value Added ◽  
Secondary Data ◽  
Market Value ◽  
Economic Value Added ◽  
Independent Variable ◽  
Market Value Added ◽  
The Impact

<p><em><br /> Generally, the purposes of company are for increasing the profit and creating shareholders wealth. Economic Value Added is a system which suitable to measure economic profitability of the company, that state the wealthy only can create if the company can fulfill all of the operating cost and cost of capital. The objectives of composing this thesis to get the empirical illustration about Economic Value Added (EVA), Market Value Added (MVA), and to know the impact Economic Value Added toward Market Value Added on 20 companies listed in Jakarta Stock Exchange (JSX) which perform the most active stock period 2001 until 2005. These data researches get from secondary data with purposive random sampling method, such as Jakarta Stock Exchange (JSX) Statistics and Indonesian Capital Market Directory (ICMD). In this thesis, the research design used is correlation descriptive method which EVA treated as independent variable and MVA as dependent variable. The conclusion is that EVA has increased every year as MVA during 2001-2003, but in 2004- 2005 the MVA has decreased, and moreover. EVA was positively influencing MVA but least significant on 20 companies that have most active stock listed in Jakarta Stock Exchange (JSX).</em></p>

scholarly journals Effect of Corporate Governance and Financial Leverage on Market value Added in Pakistan

2016 ◽  
Vol 2 (1) ◽  
pp. 17-26
Author(s):  
Muhammad Sadiq Shahid ◽  
Maria Shams Khakwani ◽  
Ali Hamza
Keyword(s):  
Corporate Governance ◽  
Negative Impact ◽  
Value Added ◽  
Market Value ◽  
Financial Leverage ◽  
Proxy Variable ◽  
Coverage Ratio ◽  
Independent Variable ◽  
Market Value Added ◽  
The Impact

This paper examines the impact of corporate governance rules and regulations and financial leverage on the market value added in Pakistan. Market value added (MVA) is our dependent variable and corporate governance and financial leverage are our independent variables and examine their combined effect on the market value added. This study will help the Pakistani firms who are going to lever their firms and going to practicing the corporate governance rules and regulations. For this purpose we have taken the listed non-financial companies of Pakistan from 2006-2015 because they are actively practicing the corporate governance rules and regulations. The results indicate that the proxy variable of corporate governance which is board size also have the significant and negative impact on the MVA in Pakistan. Interest coverage ratio indicates that if the firm's ability to pay its interest expenses increases as results MVA also increases. Debt ratio is the proxy variable of financial leverage which is our next independent variable. By the help of our regression model we concluded that Debt also have the positive significant effect on the market value added on the firms in Pakistan. It means if a firm wants to increase their market value they should go for the debt instead of equity. Debt will help firms in Pakistan to increase their market value.

scholarly journals The Impact of Economic Value Added, Market Value Added and Traditional Accounting Measures on Shareholders’ Value: Evidence from Jordanian Commercial Banks

2018 ◽  
Vol 10 (10) ◽  
pp. 40 ◽  
Author(s):  
Hanan Ali Al-Awawdeh ◽  
Sa’ad Abdul Kareem Al-Sakini
Keyword(s):  
Commercial Banks ◽  
Economic Value ◽  
Accounting Standards ◽  
Value Added ◽  
Market Value ◽  
Rate Of Return ◽  
Economic Value Added ◽  
Return On Assets ◽  
Market Value Added ◽  
The Impact

The purpose of this is study is to test the impact of economic value added, market value added and traditional accounting measures on the shareholders&rsquo; value in the Jordanian commercial banks, based on a sample of 13 banks during the period 2010-2016. The study used the shareholders&rsquo; value as a dependent variable, while five independent variables were used, including Economic Value Added (EVA), Market value added (MVA), and three traditional accounting measures, namely; the rate of return on assets (ROA), rate of return on equity (ROE), and the Earning per share (EPS). The study found, by using the common regression analysis, that the rate of return on assets (ROA) and the economic value added (EVA) had a positive and statistically significant effect on maximizing the shareholders&rsquo; value, while the rest of the traditional accounting standards or the market added value had no any significant impact on shareholder&rsquo; value. The study concluded that traditional accounting standards are still constitute an important input for assessing shares, and maximizing the shareholders&rsquo; value along with modern performance assessment measures, especially economic value added. The study recommended that the performance assessment of banks should be based on two criteria: the rate of return on assets and the economic value added.

The Impact of Leverages and Operating Efficiency on Market Value Added: Empirical Evidence from India

2021 ◽  
pp. 097226292199215
Author(s):  
Rahul Kumar ◽  
Prince Bhatia ◽  
Subir Chattopadhyay
Keyword(s):  
Value Added ◽  
Market Value ◽  
Operating Efficiency ◽  
Financial Leverage ◽  
Listed Firms ◽  
Turnover Ratio ◽  
Asset Turnover ◽  
Market Value Added ◽  
Operating Leverage ◽  
The Impact

This article examines the relationship between the market value added and degree financial leverage, degree of operating leverage, and asset turnover ratio of the listed firms in India. The period of study was from 2013 to 2019, and data were collected in annual frequency. Our study concludes that the degree of financial leverage and asset turnover ratio are significantly and negatively associated with the market value added of listed firms in India. We also reported an insignificant relationship between market value added and degree of operating leverage. Our results indicate that promoters holding and firm size are important factors driving the performance of the firms listed in India.

Determinants Of Market Value Added Some

2011 ◽  
Vol 1 (4) ◽  
pp. 16-20
Author(s):  
Dr. A. Vijayakumar Dr. A. Vijayakumar ◽  
Keyword(s):  
Value Added ◽  
Market Value ◽  
Market Value Added

Pengaruh Pengungkapan Corporate Social Responsibility (CSR) Pada Nilai Perusahaan

2011 ◽  
Vol 3 (2) ◽  
pp. 1-19
Author(s):  
Chermian Eforis ◽  
Rosita Suryaningsih
Keyword(s):  
Corporate Social Responsibility ◽  
Annual Report ◽  
Economic Value ◽  
Value Added ◽  
Market Value ◽  
Economic Value Added ◽  
Market Value Added ◽  
Csr Disclosure ◽  
Corporate Social ◽  
Simple Regression

This study aims to determine the influence of the level of CSR disclosure in annual report to corporate values that proxies with Economic Value Added (EVA) and Market Value Added (MVA).   The objects of this study are companies that were included in Kompas 100 Edition of the second review in 2010.The chosen model of this research is simple regression which can be defined as a model that used the normal probability plot  for data normality test, DurbinWatson test for autocorrelation, graph plots to test heteroscedasticity, and saw the value of tolerance and VIF for multicollinearity test. Hypothesis is analyzed using simple regression method  The results showed that the level of CSR disclosure contained in the annual report has a significant influence on the EVA. The same results were also found on the MVA, where the level of CSR disclosure contained in the annual report has a significant influence on the MVA. Key words: Corporate Social Responsibility, Economic Value Added, Market Value Added

A. PENGARUH DEBT TO EQUITY RATIO (DER), RETURN ON ASSET (ROA), PRICE EARNING RATIO (PER) DAN MARKET VALUE ADDED (MVA) TERHADAP HARGA SAHAM PERUSAHAAN PROPERTI YANG TERDAFTAR DI BURSA EFEK INDONESIA

2018 ◽  
Vol 3 (2) ◽  
pp. 1
Author(s):  
Muhammad Agung Sudrajat ◽  
Irma Taufani, SST ◽  
Lailatus Sofiyah, S.Pd
Keyword(s):  
Asset Price ◽  
Value Added ◽  
Market Value ◽  
Purposive Sampling ◽  
Equity Ratio ◽  
Market Value Added

ABSTRAK Penelitian ini bertujuan untuk mengetahui pengaruh secara parsial maupun secara simultan Debt to Equity Ratio (DER), Return on Asset (ROA) ,Price Earning Ratio (PER) dan Market Value Added (MVA) terhadap harga saham. Teknik pengumpulan data pada penelitian ini menggunakan metode purposive sampling. Metode yang digunakan adalah analisis statistik regresi berganda dan data yang digunakan dalam penelitian ini adalah sekunder yang di peroleh dari Bursa Efek Indonesia selama 2017-2019. Dalam penelitian ini terdapat sampel yang digunakan sebanyak 22 perusahaan. Hasil penelitian secara parsial menunjukkan bahwa Debt to Equity Ratio (DER) dan Price Earning Ratio (PER) tidak berpengaruh signifikan terhadap harga saham sedangkan Return on Asset (ROA) dan Market Value Added (MVA) berpengaruh signifikan terhadap harga saham. Sedangkan hasil penelitian secara simultan menunjukkan bahwa Debt to Equity Ratio (DER), Return on Asset (ROA) ,Price Earning Ratio (PER) dan Market Value Added (MVA) secara simultan berpengaruh terhadap harga saham. Kata kunci : Debt to Equity Ratio, Return on Asset ,Price Earning Ratio, Market Value Added

Sign in / Sign up

Export Citation Format

Share Document