scholarly journals PENGARUH ECONOMIC VALUE ADDED, RESIDUAL INCOME, EARNINGS, OPERATING CASH FLOW DAN OPERATING LEVERAGE TERHADAP RETURN SAHAM PADA PERUSAHAAN LQ 45

2017 ◽  
Vol 4 (1) ◽  
pp. 21
Author(s):  
Rima Fathonah Oktaviani ◽  
Hotman T. Pohan
Keyword(s):  
Stock Returns ◽  
Cash Flow ◽  
Sampling Method ◽  
Economic Value ◽  
Value Added ◽  
Positive Influence ◽  
Residual Income ◽  
Economic Value Added ◽  
Operating Cash Flow ◽  
Operating Leverage

<p class="Normal1"><em>The purpose of this study was to </em><em>determine the influence between </em><em>economic value added, residual income, eranings, operating cash flow and operating leverage on stock returns.The population of this study is company</em><em> LQ </em><em>45. The sample of the study was obtained by purposive sampling method where are 26 same companies each year and meet the sampling criteria. The study period is 2012 to 2015.This study found that there </em><em>is a positive influence between  </em><em>economic value added, residual income, operating cash flow, and operating leverage on stock returns on company LQ 45. But for earnings there is not effect on stock return on company LQ 45.<strong></strong></em></p>

scholarly journals PENGARUH EARNINGS, RESIDUAL INCOME, ECONOMIC VALUE ADDED DAN OPERATION CASH FLOW TERHADAP RETURN SAHAM

IQTISHODUNA ◽  
2013 ◽  
Author(s):  
Ronny Malavia Mardani
Keyword(s):  
Stock Returns ◽  
Cash Flow ◽  
Sampling Method ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Residual Income ◽  
Economic Value Added ◽  
Manufacturing Companies ◽  
Purposive Sampling

This study intends to test of: first, the effect of earnings, residual income, economic value added, and Operation Cash Flow simultaneously on returns received by shareholders manufacturing companies listed on the Indonesia Stock Exchange and second the effect of earnings, residual income, economic value added, and Operation Cash Flow partially on returns received by shareholders manufacturing companies listed on the Indonesia Stock Exchange. This study uses linear regression to see the contribution of each independent variable in influencing stock returns. The population in this study are all manufacturing companies listed on the Indonesia Stock Exchange (BEI) in 2008-2011. Being sampled in this study was determined using purposive sampling method. With purposive sampling method found 40 companies that meet the criteria and deserves to be sampled. Based on the analysis it can be concluded simultaneously Earnings, Economic Value Added, Residual Income and Cash Flow Operation significant effect on the return. In partially, only Earnings and Cash Flow Operation significant effect on the return.

scholarly journals Stock Return Determinants In Stock Market Movements

2021 ◽  
Vol 2 (3) ◽  
pp. 273-280
Author(s):  
Suharmadi SUHARMADI ◽  
Suripto SURIPTO
Keyword(s):  
Cash Flow ◽  
Stock Return ◽  
Economic Value ◽  
Value Added ◽  
Market Value ◽  
Residual Income ◽  
Economic Value Added ◽  
Earnings Per Share ◽  
Operating Cash Flow ◽  
Market Value Added

The purpose of this study was to examine the effect of Economic Value Added (EVA), Market Value Added (MVA), Residual Income (RI), Earnings Per Share (EPS) and Operating Cash Flow (OCF) on Stock Returns. Samples used in the study were 22 of LQ-45 index companies listed on the Indonesia Stock Exchange. This study uses multiple linear regression analysis, with partial hypothesis test (t test), simultaneous test (f test), and coefficient of determination (adjusted R). The results of this research indicate that there is an influence from the variable influence of Economic Value Added (EVA), Market Value Added (MVA), Residual Income (RI), Earnings Per Share (EPS) and Operating Cash Flow (OCF) ) towards Stock Return. This is because the company is able to create good performance so that investors can invest in the company.

scholarly journals PENGARUH ECONOMIC VALUE ADDED, MARKET VALUE ADDED, RESIDUAL INCOME, EARNINGS DAN ARUS KAS OPERASI TERHADAP RETURN SAHAM (Studi Empiris pada perusahaan LQ-45)

Media Ekonomi ◽  
2016 ◽  
Vol 16 (1) ◽  
pp. 176
Author(s):  
Hari Cahyadi ◽  
Akhmad Darmawan
Keyword(s):  
Stock Returns ◽  
Cash Flow ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Cash Flows ◽  
Residual Income ◽  
Operating Cash Flows ◽  
Operating Cash Flow ◽  
Market Value Added

This study to get empirical evidence that the EVA, MVA, Residual income, Earnings and operating cash flow affect the return earned by shareholders, either partially or simultaneously. The sampling method used was purposive sampling, with the criteria of the company that is always inclouded in the LQ-45 index listed in the Indonesia Stock Exchange (BEI) during the observation period of 2011-2014. Companies used in the sample have a positifve data. The analytical method used was multiple linear regression test. The result of this study concluded that the MVA, residual income and operating cash flows simultaneously affected the return earned by shareholders. MVA partially had no effect on returns received by shareholders. Residual income partially had an effect on returns received by shareholders. Operating cash flow partially had an influence on return received by shareholders. The second and the fifth hypothesis in this study could not be tested because EVA variables and earnings experienced multi co linearity, thus it was excluded from the study. Keywords : EVA, MVA, Residual income, Earnings, operating cash flows and stock returns

scholarly journals The information content of economic value added, residual income, earnings and operating cash flow: evidence from South African industrial shares

2010 ◽  
Vol 7 (3) ◽  
pp. 454-464 ◽  
Author(s):  
Pierre Erasmus
Keyword(s):  
Information Content ◽  
Cash Flow ◽  
Economic Value ◽  
Value Added ◽  
Performance Measure ◽  
Residual Income ◽  
Economic Value Added ◽  
Significant Information ◽  
Operating Cash Flow ◽  
Level Of Significance

Proponents of the value based financial performance measure of Economic Value Added (EVA) argue that it is a major improvement over other traditional measures. This study investigates the relationship between EVA and market-adjusted share returns, and compares it to that of residual income, earnings and operating cash flow. Relative information content tests suggest that earnings have the strongest relationship with share returns. The results from the incremental information content tests indicate that although the EVA components provide statistically significant information content beyond that provided by residual income, the level of significance is low.

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 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)

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.

scholarly journals A Brief Overview of the IPO Valuation Methods

2020 ◽  
Vol 15 (12) ◽  
pp. 41
Author(s):  
Olga Ferraro
Keyword(s):  
Cash Flow ◽  
Initial Public Offering ◽  
Professional Practice ◽  
Economic Value ◽  
Value Added ◽  
Economic Value Added ◽  
Discounted Cash Flow ◽  
Business Valuation ◽  
Valuation Methods ◽  
Public Offering

The method adopted for pricing in an Initial Public Offering is a key issue in the studies on business valuation. In particular, various researches sought to verify which valuation methodologies are preferable in the context of an initial public offering. The review of the main literature shows that Discounted Cash Flow, Market Multiples, Dividend Discount Model and, even if just to some degree, Economic Value Added are the most popular methodologies in the valuation practice. The comparison among different valuation methods, proposed in the literature and variously applied in national and international practices, reveals the necessity to pay more attention to valuation mechanisms that drive the pricing of the shares to be listed. The topic is linked to the ever more pertinent debate on the use of different methods in professional practice: financial experts and analysts tend, in fact, to compare results according to different estimates.

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