scholarly journals Strategic Financial Performance Evaluation of the Iranian automotive industry Using Imperialist competitive Algorithm

2015 ◽  
Vol 1 (2) ◽  
Author(s):  
Meysam Kaviani ◽  
Maziyar Yazdani
Keyword(s):  
Financial Performance ◽  
Cash Flow ◽  
Performance Indicators ◽  
Economic Value ◽  
Value Added ◽  
Imperialist Competitive Algorithm ◽  
Free Cash Flow ◽  
Economic Value Added ◽  
Competitive Algorithm ◽  
True Value

Purpose. This paper evaluates strategic financial performance of 10 Iranian stock exchange listed automotive companies over the period 2005-2009 at the hand of value-creating performance indicators and the Free Cash Flow derived value indicators.Design. To this effect, profiting from the Imperialist Competitive Algorithm (ICA), the understudy companies were assigned to three clusters in terms of debt structure, firm size, and growth opportunitiesFindings. The results, in general, indicate a significant correlation between value-based indicators Economic Value Added (EVA) and True Value Added (TVA) and the FCF-derived indicators Created Value from Free Cash Flow to Firm (CVFCFF) and Created Value from Free Cash Flow to Equity (CVFCFE), and between Market Value Added (MVA) and CVFCFF (one of the two FCF-derived indicators), while, according to the results, there is no significant correlation between the value-driven performance indicators Refined Economic Value Added (REVA) and Equity Economic Value Added (EEVA) and either of the FCF-derived indicators CVFCFF and CVFCFE.Originality. Present Paper, by company clustering in ICA environment, the companies are clustered based on their close similarity in all three criteria and subsequently for examination of each strategic performance indicator were subjected to correlation and Fisher (F) tests.

scholarly journals Pengaruh Free Cash Flow Dan Economic Value Added Terhadap Return Saham(Studi pada Saham Perusahaan yang Tercatat Aktif dalam LQ 45di BEI Periode 2015-2017)

2018 ◽  
Vol 10 (2) ◽  
Author(s):  
Fedro Christian Montoliang ◽  
Lauw - Tjun Tjun
Keyword(s):  
Stock Returns ◽  
Cash Flow ◽  
Significant Influence ◽  
Stock Return ◽  
Economic Value ◽  
Value Added ◽  
Analysis Data ◽  
Free Cash Flow ◽  
Primary Data ◽  
Economic Value Added

This study aims to analyze the effect of free cash flow and economic value added on stock returns. The type of data used is primary data and secondary data. The sample used is a company that is listed active in LQ 45 in BEI Period 2015-2017. Methods of data analysis using multiple regression analysis. Data processing is done by using SPSS Version 20 for windows. The results showed that there is a significant effect between free cash flow with stock return, there is a significant influence between economic value added with stock return, and there is significant influence between free cash flow and economic value added simultaneously with stock return. Keywords: Economic Value Added, Free Cash Flow, Stock Return, and Stock

scholarly journals Pengaruh Economic Value Added Dan Free Cash Flow Terhadap Stock Price

2021 ◽  
Vol 3 (2) ◽  
pp. 481
Author(s):  
Stefany Tantri ◽  
Yusbardini Yusbardini
Keyword(s):  
Cash Flow ◽  
Stock Price ◽  
Sampling Method ◽  
Stock Exchange ◽  
Manufacturing Sector ◽  
Economic Value ◽  
Value Added ◽  
Free Cash Flow ◽  
Economic Value Added ◽  
Purposive Sampling

The purpose of this study is to examine the effect of economic value added and free cash flow in manufacturing sector consumer industry in Indonesian Stock Exchange on period 2015-2019. The sample of this study are 31 company with purposive sampling method. Data were collected by official website of Indonesian Stock Exchange. The data will be analysis by using Eviews9 application. The result found that economic value added have significant effect to stock price, free cash flow have significant effect to stock price and economic value added and free cash flow simultaneously have significant effect to stock price. Tujuan dari penelitian ini adalah untuk mengetahui pengaruh nilai tambah ekonomis dan arus kas bebas pada perusahaan manufaktur sektor industri barang konsumsi di Bursa Efek Indonesia periode 2015-2019. Sampel dari penelitian ini adalah 31 perusahaan dengan metode purposive sampling. Data perusahaan diperoleh dari website resmi Bursa Efek Indonesia. Data dianalisis menggunakan aplikasi Eviews9. Hasil penelitian ini menemukan bahwa nilai tambah ekonomis mempunyai pengaruh yang signifikan terhadap harga saham, arus kas bebas mempunyai pengaruh yang signifikan terhadap harga saham, dan nilai tambah ekonomis dan arus kas bebas secara simultan mempunyai pengaruh yang signifikan terhadap harga saham.

scholarly journals Role of Value Added and Conventional Accounting Measures in Stimulating Stock Market Returns: A Study of Non-Financial Sector Listed at Pakistan Stock Exchange

2021 ◽  
Vol 7 (1) ◽  
pp. 217-232
Author(s):  
Nosheen Rasool ◽  
Safi Ullah ◽  
Muhammad Mubashir Hussain ◽  
Muhammad Usman
Keyword(s):  
Financial Performance ◽  
Stock Returns ◽  
Performance Indicators ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Financial Sector ◽  
Listed Companies ◽  
Outcome Variable ◽  
Economic Value Added

The purpose of this study is to examine the comparative relationship of value-added and conventional financial performance indicators with stock returns of listed companies of Pakistan Stock Exchange. Stock Return (SR) is used as an outcome variable, whereas, for measuring explanatory variables, Traditional Financial Performance indicators includes return on assets (ROA), return on equity (ROE), Return on Capital Employed (ROCE) and Earnings Per Share (EPS) whereas  modern performance indicators is measured through  economic value added (EVA), economic value added movement (EVAM), economic value added spread (EVAS). The sample consists of 107 companies and having 856 observations of non-financial sector listed on Pakistan Stock Exchange (PSX) for the time period 2011 to 2018. Findings reveal that stock returns are more influenced by the value that is created by listed companies for their shareholders than the accounting profits. The study aims at providing useful information for the management, investors, researchers, and regulators.

scholarly journals Study of Information content Economic Value Added in Explain new models based on Free Cash Flow (CVFCFF and CVFCFE)

2013 ◽  
Vol 3 (1) ◽  
pp. 277 ◽  
Author(s):  
Meysam Kaviani
Keyword(s):  
Information Content ◽  
Cash Flow ◽  
Significant Relationship ◽  
Economic Value ◽  
Value Added ◽  
Free Cash Flow ◽  
Economic Value Added ◽  
New Models ◽  
Evaluation Measure ◽  
Measure Of Performance

 Free Cash Flow (FCF) is one of the measures based on cash flow for measuring performance of firms, among various evaluation measure of performance; that indicates the cash of firm after doing necessary expenditures for keeping and developing properties. Due to that, various models based on FCF have been explained for evaluation of firms in which free cash flow to firm (FCFF) and Free Cash Flow to Equity (FCFE) can be considered as the important ones.This paper aims to give new models of Free Cash Flow. These models are called Created Value from Free Cash Flow to Firm (CVFCFF) and Created Value from Free Cash Flow to Equity (CVFCFE) that purpose of examined the content of information Economic value Added (EVA) of Iran Companies in explain of CVFCFF and  CVFCFE. For this purpose a sample of 10 companies representing in the automotive of industry for a period of five years from 2005-2009 have been analyzed.The Research results indicate that there is significant relationship and positive between CVFCFF and CVFCFE with Economic value Added.

Investigation the Impact of Financial performance indicators on Dividend Policy

2016 ◽  
Vol 6 (1) ◽  
pp. 02
Author(s):  
Ali Maghool
Keyword(s):  
Financial Performance ◽  
Performance Indicators ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Market Value ◽  
Economic Value Added ◽  
Return On Assets ◽  
Market Value Added

AbstractThis paper aims to study the effect of Financial performance indicators on the dividend policy among companies listed on the Tehran Stock Exchange. The statistical sample includes 91 companies between 2008 and 2012. Dividend policy was considered a dependent variable, independent variables were economic value added, market value added, return on assets, and market to book value ratio, and control variables included company size and systematic risk. In the theoretical principles part, data were gathered through library method, and in the part of hypothesis tests, data were collected from financial statements and the Tehran Stock Exchange Website. Data were then examined in a multiple regression analysis and a correlation test. Results showed that Financial performance indicators indicators are direct and significant effects on dividend policy.Keywords: Dividend Policy, Financial performance indicators, Economic Value Added, Market Value Added, Return on Assets

scholarly journals Pengaruh Kinerja Keuangan Terhadap Rate of Return (Studi Empiris Pada Perusahaan Pertambangan Yang Terdaftar di BEI Tahun 2014-2018 )

2020 ◽  
Vol 25 (2) ◽  
pp. 101-117
Author(s):  
Sefka Anggraini Putri ◽  
Reni Oktavia ◽  
Widya Rizki Eka Putri
Keyword(s):  
Financial Performance ◽  
Cash Flow ◽  
Return On Investment ◽  
Economic Value ◽  
Value Added ◽  
Profit Margin ◽  
Rate Of Return ◽  
Economic Value Added ◽  
Net Profit ◽  
Operating Cash Flow

The purpose of this study was to examine the effect of financial performance on the rate of return. The indicators used to measure financial performance are return on investment, net profit margin, earnings per share, operating cash flow, economic value added. This study uses secondary data with a population of companies listed on the Indonesia Stock Exchange (BEI) 2014-2018. The method used to determine the sample using purposive sampling. Consists of 19 industrial mining companies with 56 samples. The analysis method used is multiple regression analysis. The results of hypothesis testing show that the Return on Investment (ROI) has no significant effect on the Rate of Return (ROR), Net Profit Margin (NPM) has significant effect on the Rate of Return (ROR), Earning Per Share (EPS) has no significant effect on the Rate of Return (ROR), Operating Cash Flow(OCF) has no significant effect on the Rate of Return (ROR), Economic Value Added (EVA) has no significant effect on the Rate of Return (ROR)

scholarly journals Pengaruh Laba Akuntansi, Arus Kas Operasi, Price To Book Value, Dan Kinerja Keuangan Perusahaan Dengan Pendekatan Economic Value Added Terhadap Return Saham (Studi Kasus Pada Saham Perusahaan Pertambangan Di Bursa Efek Indonesia Periode Tahun 2008-2010)

2012 ◽  
Vol 4 (1) ◽  
pp. 71
Author(s):  
Ismail Marzuki ◽  
Susi Handayani
Keyword(s):  
Financial Performance ◽  
Cash Flow ◽  
Significant Influence ◽  
Stock Return ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Economic Value Added ◽  
Mining Company ◽  
Book Value

AbstractThe objectives of this research is to examine and analyze the influence of Accounting Profit, Operation Cash Flow, Price to Book Value, and Company Financial Performance Through Economic Value Added Approach to stock return of mining company that listed at Indonesia Stock Exchange in the period of 2008 – 2010. This research was an causal research with quantitative approach. The analyzing technique used in this research is multiple linier regressions analysis with SPSS program version 11.5. The result of this research shows that variable of accounting profit and operation cash flow do not have significant influence to stock return. While, variable of Price to Book Value and Company Financial Performance Through Economic Value Added Approach have a positive and significant influence to stock return of mining company that listed at Indonesia Stock Exchange in the period of 2008 – 2010.

Pengaruh Free Cash Flow, Return On Asset, Debt To Equity Ratio, Dan Economic Value Added Terhadap Return Saham

2021 ◽  
Vol 14 (2) ◽  
pp. 350-358
Author(s):  
Hastutie Nur Andriati ◽  
Sherina Baguna
Keyword(s):  
Stock Returns ◽  
Cash Flow ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Free Cash Flow ◽  
Economic Value Added ◽  
Return On Assets ◽  
Analytical Technique ◽  
Equity Ratio

The research aims to examine and empirically analyze the presence of information content of Free Cash Flow, Return On Assets, Debt to Equity Ratio and economic value added on stock returns in the study of LQ45 companies on the Indonesia Stock Exchange from 2015 to 2019. This study uses a quantitative approach with a population the research is the companies that are included in the LQ45 Index on the Indonesia Stock Exchange in 2015, 2016, 2017 2018, and 2019. Financial report data is obtained through access to www.idx.co.id. The number of samples used in this study were 45 samples. The analytical technique used in this study is multiple regression in order to obtain a comprehensive picture of the relationship between one variable and another. This study uses of 5%. Based on the results of this study Free Cash Flow, Return On Assets, Debt to Equity Ratio and Economic Value added partially and simultaneously have no significant effect on stock returns with a significance value of 0.697, 0.744, 0.216 and 0.242, respectively, no significant effect on stock returns.

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