scholarly journals PENGARUH FIRM SIZE, LEVERAGE DAN PROFITABILITY TERHADAP ECONOMIC VALUE ADDED (EVA) PADA EMITEN MANUFAKTUR DI BURSA EFEK INDONESIA

2019 ◽  
Vol 7 (2) ◽  
pp. 33-46
Author(s):  
Maharani Rahma
Keyword(s):  
Panel Data ◽  
Firm Size ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Generalized Least Squares ◽  
Total Asset ◽  
Economic Value Added ◽  
Return On Equity ◽  
Independent Variables

The purpose of this research is to analyze the effect of the Firm Size, Leverage and Profitability Tto Economic Value Added on emiten manufactur in Indonesia Stock Exchange. The selected independent variables in this study are Total Asset, Debt to Equity Ratio (DER) and Return on Equity (ROE) and the dependent varable is Economic Value Added (EVA). This research was conducted on manufactur listed issuers in Indonesia Stock Exchange in 2010-2014 period. Research carried out by using 59 sampels based on stratefied random sampling method. Panel Data Regression Models with Generalized Least Squares (GLS) method is used to data analysis and hipothesis testing. The results of this research and hypothesis testing indicate that: (1) Partially,Total Assets,ROE have a possitively relationships with significantly affect to the EVA and DER have a possitvely relationships with not significantly affect to the EVA.(2) Total Asset, DER and Profitability simultaneously have possitively relationship with  significantly affect to the EVA. (3) model in this study showed a weak pattern relationships between the dependent variable with the independent variables. Keywords : Firm Size, Leverage, Profitability, Economic Value Added, panel data

scholarly journals PENGARUH ECONOMIC VALUE ADDED (EVA) DAN RASIO PROFITABILITAS TERHADAP HARGA SAHAM

2018 ◽  
Vol 2 (2) ◽  
pp. 290-303
Author(s):  
Venni Agnatia ◽  
Diah Amalia
Keyword(s):  
Coal Mining ◽  
Stock Price ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Economic Value ◽  
Value Added ◽  
Economic Value Added ◽  
Return On Equity ◽  
Total Data ◽  
Profitability Ratios

The purpose of this research is to analyze the effect of Economic Value Added (EVA) and profitability ratios partially and simultaneously to the coal mining company’s stock price. The profitability ratios used in this research as independent variable are Return on Asset (ROA), Return on Equity (ROE), Return on Investment (ROI) and Net Profit Margin (NPM) although the stock price as the dependent variable. The samples used were 14 companies from 25 coal mining companies listed in Indonesia Stock Exchange during the period 2011-2017 so total data processed is 98 samples. This research used linear regression analysis with Eviews version 9. The result indicated that partially the variable ROA and ROI has significant positive effect on stock price. EVA, ROE and NPM does not affect the stock price. All variables simultaneously affect to the stock price.   Keyword: EVA, ROA, ROE, ROI, NPM, Stock Price

scholarly journals A Review of the Relationship between Ownership Structure and Economic Performance Criteria in Companies Listed on Tehran Stock Exchange

2016 ◽  
Vol 8 (6) ◽  
pp. 89
Author(s):  
Ali Yaghoobi ◽  
Ehsan Khansalar
Keyword(s):  
Ownership Structure ◽  
Economic Performance ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Performance Criteria ◽  
Economic Value Added ◽  
Cross Sectional ◽  
Independent Variables ◽  
The Relationship

<p>The aim of this study is to investigate the relationship between ownership structure and economic performance criteria of companies listed on Tehran Stock Exchange. This study is a descriptive- applied research that reviews the cross-sectional data relating to 114 listed companies between 1387-1393. Multivariate regression is used to analyze the effect of each of these factors on economic performance.</p>The results show that from three applied independent variables in the regression model, there is a significant relationship in a<strong> </strong>95% confidence level between Institutional ownership and property management and economic value added and modified economic value added but there is not any relationship between ownership concentration variable and economic performance criteria. The obtained determination coefficient for the above relationship shows that the independent variables explain only part of the economic performance, and investors need to consider other factors as well to evaluate the economic performance of the company.

scholarly journals Pengaruh return on equity, earnings per share, economic value added, dan market value added terhadap return saham perusahaan sektor pertanian yang terdaftar di bursa efek indonesia periode 2010-2016

2018 ◽  
Vol 23 (1) ◽  
Author(s):  
Nastasya Cindy Hidajat
Keyword(s):  
Stock Return ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Market Value ◽  
Economic Value Added ◽  
Return On Equity ◽  
Panel Data Regression ◽  
Data Regression ◽  
Market Value Added

The purpose of this research was to test the effect of return on equity, earning per share, economic value added, and market value added to stock return of agriculture firm that listed at Indonesian Stock Exchange in the period of 2010-2016 either partially or simultaneously. This research used 77 samples. The method used is panel data regression analysis using EViews 6. The results showed that return on equity, earning per share economic value added, and market value added partially has positive significant influence on the stock return, and return on equity, earning per share, economic value added, and market value added simultaneously affect the stock return.

scholarly journals KARAKTERISTIK PERUSAHAAN TERHADAP PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY (CSR) DAN DAMPAKNYA TERHADAP KINERJA KEUANGAN

2015 ◽  
Vol 12 (1) ◽  
Author(s):  
Yeterina Widi Nugrahanti ◽  
Oktania Maharani
Keyword(s):  
Firm Size ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Positive Influence ◽  
Annual Reports ◽  
Global Reporting Initiative ◽  
Economic Value Added ◽  
Firm Age ◽  
Csr Disclosure

The purpose of this study is to examine the effect of firm’s characteristic on Corporate SocialResponsibility (CSR) disclosures and the effect of CSR disclosures on financial performance.CSR disclosure is measured by Global Reporting Initiative Index and financial performance ismeasured by Economic Value Added (EVA). The firms’ characteristics are proxied by firm size,company profiles, leverage and firm age. The sample of this research was extracted withpurposive sampling method. Sample consist of 55 annual reports of manufacturing companieslisted on the Indonesian Stock Exchange as of December 31, 2010. The technique for examininghypothesis is multiple regression analysis by using SPSS 16.00 programs. The results indicatethat firm size and firm age have a significant positive influence on the corporate socialresponsibility disclosure. But, company profile and leverage failed to show its significant effect.Result showed that CSR disclosure has positive significant effect to financial performance.Tujuan dari penelitian ini adalah untuk memeriksa efek dari karakteristik perusahaan padapengungkapan tanggung jawa sosial perusahaan (CSR), serta dampak pengungkapan CSR padakinerja keuangan. Pengungkapan CSR diukur melalui by Global Reporting Initiative Inde,sedangkan kinerja keuangan diukur melalui Economic Value Added (EVA). Karakteristikperusahaan didekati dari ukuran perusahaan, profil perusahaan, leverage, dan usia perusahaan.Sampel dalam penelitian ini diperoleh melalui metode purposive sampling, yang terdiri dari 55laporan tahunan dari perusahaan manufaktur yang terdaftar dalam bursa sejak 31 Desember 2010.hipotesis diuji dengan regresi berganda menggunakan SPSS 16. Hasil penelitian menunjukkanbahwa ukuran dan usia perusahaan memiliki dampak yang positif dan signifikan padapengungkapan CSR, tetapi profil perusahaan dan leverage tidak menunjukkan efek yangsignifikan. Penelitian ini juga menunjukkan bahwa pengungkapan CSR memiliki dampak positifdan signifikan pada kinerja keuangan.

scholarly journals Dividend Policy, Economic Value Added, Market β, Firm Size and Stock Return

2020 ◽  
Vol 9 (3) ◽  
pp. 53
Author(s):  
Dwi Asih Surjandari ◽  
Lela Nurlaela Wati
Keyword(s):  
Firm Size ◽  
Stock Return ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Secondary Data ◽  
Economic Value Added ◽  
Negative Effects ◽  
Blue Chip

This study aims to analyze the Effect of Dividend Policy, Economic Value Added (EVA), Market β and Firm Size on Stock Return and the existence of Firm Size in moderating these effects of blue-chip stock category listed in Indonesia Stock Exchange (IDX) during 2015 up to 2019 period. This study is a confirmatory research involving secondary data collected from annual report available at IDX website. The sample used is purposive sampling and research object is Dividend Policy, EVA, Market β and Firm Size as independent variables and Stock Return as dependent variable, and Firm Size as moderates variable. The analysis is performed using E-views 11.0 version. The result shows that Dividend Policy has significant negative effects while EVA and Market β has no effect on Stock Return. In addition, Firm Size moderates the relation between Dividend Policy and Stock Return, while having no moderating effect to the relation between EVA, Market β and Stock Return. The findings of this research imply that, for high stock performance like blue-chip stock, Dividend Policy affects the Stock Return and Firm Size moderates this effect.

Does EVA Beat ROA and ROE in Explaining the Stock Returns in Indian Scenario? An Evidence Using Mixed Effects Panel Data Regression Model

2019 ◽  
Vol 44 (2) ◽  
pp. 103-134
Author(s):  
Ashita Agrawal ◽  
Pitabas Mohanty ◽  
Navindra Kumar Totala
Keyword(s):  
Panel Data ◽  
Stock Returns ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Mixed Effect ◽  
Return On Equity ◽  
Effect Model ◽  
Panel Data Regression ◽  
Better Than

We study a panel data of 1,700 Indian firms listed in either National Stock Exchange (NSE) or Bombay Stock Exchange (BSE) for the period 2001 to 2016 to see if economic value added (EVA) explains the annual stock returns of these Indian firms better than return on assets (ROA) and return on equity (ROE). Using mixed effect model, we find that EVA does explain the annual stock returns of these Indian firms better than ROA and ROE.

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 PENGARUH ECONOMIC VALUE ADDED DAN PROFITABILITAS TERHADAP RETURN SAHAM PADA PERUSAHAAN SUBSEKTOR PERDAGANGAN RITEL YANG TERDAFTAR DI BEI PERIODE 2013-2017

Kinerja ◽  
2020 ◽  
Vol 2 (02) ◽  
pp. 34-44
Author(s):  
Yayan Hendayana ◽  
Nurlina
Keyword(s):  
Stock Returns ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Economic Value Added ◽  
Return On Assets ◽  
Return On Equity ◽  
Negative Effect ◽  
Retail Trading ◽  
Data Collection Technique

This study aims to determine the effect of profitability as measured by Economic Value Added, Return on Assets, and Return on Equity on Stock Returns in retail trading sub-sector companies on the Indonesia Stock Exchange 2013-2017 period. 10 companies have been selected as samples based on predetermined criteria. The approach taken in this research is associative. The data collection technique in this research is the documentation technique. Hypothesis testing uses panel data regression analysis using the Eviews 9 program. Based on the results of the regression coefficient and t-test it shows that partially Economic Value Added and Return on Equity have a significant positive effect on stock returns, while Return on Assets has a significant negative effect on stock returns.

scholarly journals Shareholding Patterns and Financial Performance: Evidence from the Banking Sector in Bangladesh

2020 ◽  
Vol 19 (1) ◽  
Author(s):  
Mohammad Kamal Hossain ◽  
Keyword(s):  
Financial Performance ◽  
Banking Sector ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Annual Reports ◽  
Economic Value Added ◽  
Return On Equity ◽  
Conflicting Result ◽  
The Relationship

This study attempts to examine the relationship between shareholding patterns and banks’ financial performance, as defined from three different dimensions, namely, profit-based performance measured by return on equity (ROE), market-based performance measured by Tobin’s Q (TQ) and valuebased performance measured by economic value added (EVA). It included 29 out of the 30 banks listed on the Dhaka Stock Exchange for the period 2013–2017, providing a balanced panel with 145 observations. All data were collected from the annual reports of the respective banks. The randomeffects GLS regression model was employed to test the chosen hypotheses. This study found a conflicting result, i.e. there was a relationship between some, but not all of the patterns of shareholdings and financial performance of the listed banks in Bangladesh. For example, a significant relationship between foreign shareholding and banks’ financial performance, as measured by ROE, TQ and EVA-log, was found. Sponsor-directors and general public shareholdings were found to be significantly related to ROE and EVA-log, but insignificantly associated with TQ. However, institutional and government shareholdings were insignificantly related to the banks’ financial performance, regardless of the measures employed to assess it. This study contributes to the existing literature by exploring the relationship between shareholding patterns and banks’ financial performance, and may indicate the need for a restructuring of the existing shareholding patterns in the banking sector in Bangladesh in order to maximise performance. This study is distinctive compared to prior studies, as it examines the relationship between the shareholding patterns disclosed in the annual reports of the sampled banks and banks’ performance, as measured by EVA-log along with ROE and TQ, which have not been covered earlier. KEYWORDS: Shareholding patterns, Financial performance, Economic value added, Banking sector in Bangladesh

scholarly journals Pengaruh DER, Firm Size, NPM, EPS, ROE, dan EVA terhadap Nilai Perusahaan pada Perusahaan Sektor Properti dan Real Estate yang Terdaftar di BEI Periode 2011-2015

2019 ◽  
Vol 1 (1) ◽  
pp. 41
Author(s):  
Karina Juwita
Keyword(s):  
Regression Analysis ◽  
Firm Size ◽  
Economic Value ◽  
Value Added ◽  
Profit Margin ◽  
Economic Value Added ◽  
Return On Equity ◽  
Book Value ◽  
Net Profit ◽  
Equity Ratio

This study aimed to determine the effect of Debt Equity Ratio (DER), Firm Size, Net Profit Margin (NPM), Earning Per Share (EPS), Return on Equity (ROE), and Economic Value Added (EVA) to Price Book Value (PBV). This study is still conducted regards different result of various research. The research was conducted using secondary data. The population in this study are all property and real estate companies listed on the Indonesia Stock Exchange (IDX) of the year 2011-2015. The sampling method applies purposive sampling technique. The data is analysis uses data panel regression analysis. The results of the regression analysis showed that the Debt Equity Ratio and Earning Per Share has no effect on Price Book Value (PBV). Firm Size, Net Profit Margin, and Economic Value Added has negatively effects and significants on Price Book Value (PBV), while the Return on Equity positively affect and significant on Price Book Value (PBV). Adjusted R-Squared value is 0.3043, These results indicate that the variable ability of Debt Equity Ratio (DER), Firm Size, Net Profit Margin (NPM), Earning Per Share (EPS), Return on Equity (ROE), and Economic Value Added (EVA) to explain of Price Book Value is 30.43% while the remaining 69.57% is explained by other variables.

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