scholarly journals Pengaruh Kinerja Keuangan, Economic Value Added dan Market Value Added terhadap Return Saham Perusahaan Manufaktur

2020 ◽  
Vol 3 (2) ◽  
pp. 396-403
Author(s):  
Arisky Andrinaldo ◽  
Husaini Husaini ◽  
Darman Usman ◽  
Ronal Aprianto
Keyword(s):  
Stock Returns ◽  
Economic Value ◽  
Value Added ◽  
Secondary Data ◽  
Market Value ◽  
Net Income ◽  
Economic Value Added ◽  
Manufacturing Companies ◽  
Earnings Per Share ◽  
Market Value Added

In investing in capital markets, an investor needs to consider the expected level of return (Return). This study aims to examine whether financial performance (net income, NOPAT, EPS), EVA, and MVA significantly influence stock returns. The object of this research is Manufacturing Companies registered in 2013 to 2017. This study uses secondary data with a purposive sampling method. The data obtained in this study were 52 company samples. Analysis method of this research data is multiple linear regression. The results showed that net income and market value added had a significant effect on stock returns, and earnings per share and economic value added had no significant effect on stock returns. In addition, earnings per share and economic value added have no significant effect on stock returns. Based on the results of this study, signal theory influences information generated through net income and market value added to investors to respond to the signals given in making investment decisions in order to produce the expected stock returns. Future studies are expected to add to the research period and other independent variables that affect stock returns. Keywords:  Stock Returns, Net Income, Earning Per Share, Economic Value Added, and Market Value Added  

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 Economic Value Added and Profitability on Created Shareholders Value in Manufacturing Sectors

2020 ◽  
Vol 76 ◽  
pp. 01051
Author(s):  
Sautma Ronni Basana ◽  
Ricky Julio ◽  
Christina Soehono
Keyword(s):  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Market Value ◽  
Economic Value Added ◽  
Manufacturing Companies ◽  
Panel Data Regression ◽  
Value Added Model ◽  
Market Value Added ◽  
Year 2013

This study aimed to investigate the effect of economic value added and profitability on created shareholders value Fernandez model and market value added model in manufacturing companies listed on the Indonesia Stock Exchange period year 2013 to 2018. The samples are fifty Manufacturing companies enterprises listed on the IDX period year 2013 to 2018. Methods of data analysis were performed using panel data regression with pooled OLS model. The results of this analysis showed profitability has a significant effect on created shareholders value Fernandez model and market value-added model in manufacturing companies listed on the IDX period 2013 to 2018.

scholarly journals Economic Value Added Dan Market Value Added Serta Perilaku Harga Saham Perusahaan Yang Listing Di Jakarta Islamic Index (Periode 2010-2014)

2017 ◽  
Vol 3 (6) ◽  
pp. 444
Author(s):  
Khairuriza Khairuriza ◽  
Leo Herlambang
Keyword(s):  
Stock Price ◽  
Linear Regression Analysis ◽  
Economic Value ◽  
Value Added ◽  
Secondary Data ◽  
Market Value ◽  
Multiple Linear Regression Analysis ◽  
Added Value ◽  
Economic Value Added ◽  
Market Value Added

Stern Stewart & Co. introduced new methods of measuring financial performance based on the added value produced by the company, these methods being Economic Value Added (EVA) and Market Value Added (MVA). The purpose of this research is to analyze the effect of EVA and MVA toward the stock price of companies listed in Jakarta Islamic Index (JII) for the year period 2010-2014.The data used in this research are secondary data comprising of yearly data for the period 2010-2014. The analysis employed in this research is through using multiple linear regression analysis with α of 0.05.The research suggest that EVA and MVA partially and simultaneously have significance effect towards the stock price of the company enlisted in JII. With α of 0.162 or 16.2%, this shows that 16, 2% of stock price in JII is affected by EVA and MVA, whereas 83, 8% is affected by other variables.

scholarly journals Analisis Kinerja Keuangan Perusahaan Dengan Menggunakan Metode Economic Value Added (EVA) Dan Market Value Added (MVA) Pada Perusahaan Rokok Yang Terdaftar Di BEI Tahun 2012-2016

2019 ◽  
Vol 1 (1) ◽  
Author(s):  
Ina Riawati ◽  
Kartika Yuliari ◽  
Dwi Joewarni
Keyword(s):  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Secondary Data ◽  
Market Value ◽  
Added Value ◽  
Economic Value Added ◽  
Share Prices ◽  
Descriptive Research ◽  
Market Value Added

This study aims to measure and analyze financial performance using the method of Economic Value Added (EVA) and Market Value Added (MVA) in cigarette companies namely PT HM Sampoerna Tbk, PT Gudang Garam Tbk and PT Wismilak Inti Makmur Tbk. This type of research is descriptive research with a quantitative approach. This study uses secondary data in the form of financial statements of PT HM Sampoerna Tbk, PT Gudang Garam Tbk and PT Wismilak Inti Makmur Tbk for the period 2012-2016 which are published on the Indonesia Stock Exchange and share prices on Okesaham. The research results of cigarette companies that are sampled generally show positive EVA and MVA values, meaning that these companies have been able to create added value or the resulting profits have been able to meet expectations for the company's shareholders (investors) and are able to create or increase capital values has been invested by funders. Except for MVA calculations at PT. Wismilak Inti Makmur Tbk., Although in the years 20012 - 2014 had a positive MVA value, but in 2015-1016 the company suffered a loss and had a negative MVA value. Penelitian ini bertujuan mengukur dan menganalisis kinerja keuangan dengan menggunakan metode Economic Value Added (EVA) dan Market Value Added (MVA) pada perusahaan rokok yakni PT HM Sampoerna Tbk, PT Gudang Garam Tbk dan PT Wismilak Inti Makmur Tbk. “Jenis penelitian ini adalah penelitian deskriptif dengan pendekatan kuantitatif. Penelitian ini menggunakan data sekunder berupa laporan keuangan PT HM Sampoerna Tbk, PT Gudang Garam Tbk dan PT Wismilak Inti Makmur Tbk periode 2012-2016 yang terpublikasi di Bursa Efek Indonesia” serta harga-harga saham pada Okesaham. “Hasil penelitian perusahaan rokok yang dijadikan sampel pada umumnya menunjukan nilai EVA dan MVA yang positif, artinya perusahaan – perusahaan tersebut telah mampu menciptakan nilai tambah atau laba yang dihasilkan telah mampu memenuhi harapan bagi pemegang saham perusahaan (investor) dan mampu menciptakan atau meningkatkan nilai modal yang telah diinvestasikan oleh penyandang dana”. Kecuali untuk perhitungan  MVA pada PT. Wismilak Inti Makmur  Tbk., meskipun pada tahun 20012 – 2014 memiliki nilai MVA yang positif, tetapi pada tahun 2015-1016  perusahaan tersebut mengalami kerugian dan memiliki nilai  MVA yang negatif.

scholarly journals ANALISIS PENILAIAN KINERJA KEUANGAN MENGGUNAKAN PENERAPAN ECONOMIC VALUE ADDED (EVA) dan MARKET VALUE ADDED (MVA) PADA PERUSAHAAN TELEKOMUNIKASI YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE TAHUN 2015-2018

2019 ◽  
Vol 9 (1) ◽  
pp. 017
Author(s):  
Dewi Oktary
Keyword(s):  
Economic Value ◽  
Value Added ◽  
Secondary Data ◽  
Market Value ◽  
Equity Capital ◽  
Economic Value Added ◽  
Market Value Added ◽  
Quantitative Descriptive ◽  
Telecommunications Companies ◽  
Descriptive Method

This study aims to determine the assessment of financial performance using Economic Value Added (EVA) and Market Value Added (MVA) methods for telecommunications companies listed on IDX in the period 2015-2018. EVA is an estimate of the actual economic profit of business for particular year. MVA is the reduction between market value of equity and equity capital invested. The research method used is a quantitative descriptive method with a sampel of telecommunications companies listed on IDX, with secondary data collection techniques. The results of this study indicate that from 2015-2018 PT. TELKOM has positive EVA, In 2015-2016 BTEL has postive EVA value, while 2017-2018 EVA negative value. ISAT 2015-2016 EVA value is negative, 2017 EVA Value is positive, 2018 EVA value is negative. While In 2015 XL has EVA negative EVA value, In 2016-2017 EVA value is positive, and 2018 XL has EVA negative. For the MVA calculation form 2015-2018 PT. TELKOM and BTEL have positive MVA values, FREN has MVA negative. In 2015 ISAT MVA is negative. In 2016-2018 the value of MVA is positive. Whereas In 2015-2016 XL has negative MVA, In 2017-2018 MVA value is positive. It can be seen that although the EVA value is positive, the MVA value is not necessarily positiv

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 ANALISIS PENGARUH RASIO KEUANGAN, ECONOMIC VALUE ADDED (EVA) DAN MARKET VALUE ADDED (MVA) TERHADAP RETURN SAHAM INDUSTRI TELEKOMUNIKASI DI INDONESIA

2019 ◽  
Vol 8 (2) ◽  
Author(s):  
S Sudarsono
Keyword(s):  
Stock Returns ◽  
Economic Value ◽  
Value Added ◽  
Market Value ◽  
Sampling Technique ◽  
Telecommunications Industry ◽  
Financial Ratios ◽  
Economic Value Added ◽  
Telecommunications Sector ◽  
Market Value Added

Communication technology is always progressing increasingly over the years, the size of the potential market for the telecommunications industry in Indonesia make trading securities, especially shares in the telecommunications industry sectors which listed on the Indonesian Stock Exchange, become one of the profitable business for investors. Before investing, an investor needs to do the analysis to avoid investment failure. Some ways of analysis that can be used is by measuring the performance of the company using the financial ratios method, EVA, MVA and than connected them to predict the likelihood of return of shares to be invest. This study uses the data of annual financial statements published by the Telecommunications sector firms in the period 2008 to 2013, with a total population of six companies and using purposive sampling technique. Analysis technique used in this study was a multiple linear regression. The results indicate that financial ratios such as Earnings Per Share (EPS), Return on Assets (ROA), Debt to Equity Ratio (DER) and Market Value Added (MVA) has a significant effect on stock returns telecommunications sector listed on the IDX. While the Financial Ratios Return on Equity (ROE) and Economic Value Added (EVA) has no significant effect

scholarly journals PENGARUH UKURAN KINERJA ROA, ROE, EPS DAN EVA TERHADAP RETURN SAHAM

2016 ◽  
Vol 4 (1) ◽  
Author(s):  
Iwin Arnova
Keyword(s):  
Regression Analysis ◽  
Stock Returns ◽  
Economic Value ◽  
Value Added ◽  
Sampling Technique ◽  
Economic Value Added ◽  
Manufacturing Companies ◽  
Return On Assets ◽  
Return On Equity ◽  
Earnings Per Share

Iwin Arnova; This study aimed to determine the effect of Return on Assets, Return on Equity, Earnings Per Share, and Economic Value Added to stock return. This study is still condicted regards  different  result  of  various  research.  The  research  was  conducted  using  secondary  data.  The population in this study are all manufacturing companies listed on the Indonesia Stock Exchange (IDX) of the year 2008-2011. The sampling method applies purposive sampling technique. On 48  samples. The data is analysis uses multiple regression analysis. The results of the regression analysis showed that the return on assets have a positive and significant effect on stock returns.  Return on Equity and Earnings Per Share has no effect on stock returns, while the Economic Value Added negatively affect, stock returns. Adjusted R Square value is 0.989, it can be condud 98.9% variable Return on Assets, Return on Equity, Earnings Per Share, and Economic Value Added can be  explained  by  the  variable  stock  returns  while  the  remaining  1.1%  is  explained  by  other variables.

scholarly journals ECONOMIC VALUE ADDED, MARKET VALUE ADDED, DAN KINERJA KEUANGAN TERHADAP RETURN SAHAM

Media Bisnis ◽  
2021 ◽  
Vol 13 (1) ◽  
pp. 77-88
Author(s):  
RUTJI SATWIKO ◽  
VLADIMIR AGUSTO
Keyword(s):  
Stock Returns ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Market Value ◽  
Economic Value Added ◽  
Return On Equity ◽  
Net Profit ◽  
Equity Ratio ◽  
Market Value Added

The research objective is to determine the variables that affect stock returns. The independent variables used in this study are economic value added, market value added, debt to equity ratio, price to book value, total assets turnover, return on equity, net profit margin, and earnings per share. The dependent variable in this study is stock returns. The population in this study were non-financial companies listed on the Indonesia Stock Exchange for 5 consecutive years, from 2013 to 2017. The sample selection method used was purposive sampling. The research sample is 52 non-financial companies listed on the Indonesia Stock Exchange. Hypothesis testing uses multiple regression models. The results indicate that economic value added, debt to equity ratio, total assets turnover, net profit margin, and earnings per share have no effect on stock returns. However, market value added and return on equity have a positive effect on stock returns. Meanwhile, price to book value has a negative effect on stock returns.

scholarly journals VALUE BASED DAN MARKET BASED SEBAGAI PREDIKTOR HARGA SAHAM PADA PERUSAHAAN LQ45

2017 ◽  
Vol 7 (1) ◽  
pp. 977
Author(s):  
Arna Suryani
Keyword(s):  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Economic Value ◽  
Predictor Variable ◽  
Value Added ◽  
Secondary Data ◽  
Market Value ◽  
Economic Value Added ◽  
Market Value Added

This study aims to obtain empirical evidence whether value added and market value is predictorof stock prices. The value based concepts is measured by economic value added and marketbased concepts measured by market value added. The object of study is index LQ45 companieslisted in Indonesian Stock Exchange period 2012-2016. The selection of samples based on purposive sampling with certain criteria and selected as many as 18 companies index LQ45. The dataused in this research is secondary data using quantitative approach. Further testing will bedone by classical assumptions against the data collected using regression analysis and testhypothesis F and t.The results of this study prove empirically that together Economic Value Added and MarketValue Added is positive and significant predictor of the company’s stock price because the significant is 0.000 smaller than 0.05. Partially significant level of 0.05 EVA has a negative effectof 0.14 on stock prices, it can be concluded that the EVA is a predictor variable has a negativeeffect that is not significant to stock prices at index LQ45. Significant level of MVA that is equalto 0.000 smaller than the significant level of 0.05. MVA positive influence of 0.599 to stock price.It can be concluded that the partial variable MVA positive effect is a significant predictorvariable to stock prices at index LQ45.Keyword:economic value added, market value added, financial performance, stock price

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