scholarly journals - PENGARUH MARKET VALUE ADDED, RETURN ON ASSETSDAN RETURN ON EQUITY TERHADAP HARGA SAHAM PADA PERUSAHAAN PROPERTY DAN REAL ESTATE YANGTERDAFTARDI BURSA EFEK INDONESIA PERIODE 2013 – 2017

2019 ◽  
Vol 8 (2) ◽  
pp. 90-108
Author(s):  
Maiya Liza

This study aims to analyze the effect of Market Value Added, Return On Assets and Return On Equity on stock prices. The research object of property and real estate companies is 48 companies. Based on the purposive sampling method, a sample of 15 companies was obtained. The research method uses the classic assumption test and multiple linear analysis. The results of the study show that (1) Market Value Added has an effect on stock prices, because if the company has a higher stock market value than book value it is considered capable of creating wealth for shareholders. (2) Return On Asset does not affect stock prices, because the research sample has a low Return On Asset value, which is caused by a less significant increase in profit compared to an increase in assets. (3) Return On Equity does not affect stock prices, because if the company manages capital well then it can generate profits.

2019 ◽  
Vol 4 (1) ◽  
pp. 15-22
Author(s):  
Martina Rut Utami ◽  
Arif Darmawan

The research examine the effect of debt to equity ratio, return on assets, return on equity, earning per share, market value added on stock prices in manufacturing companies listed in Indonesian Sharia Stock Index. The purposive sampling method is used in our research, resulted 53 companies as the samples with 265 observations. The research used data during 2012-2016 from Indonesia Stock Exchange database with panel data analysis. The research found that, earning per share and market value added have a positive effect on stock prices, but different results for the variables debt to equity ratio, return on assets and return on equity partially have no effect on stock prices.


El Dinar ◽  
2014 ◽  
Vol 1 (02) ◽  
Author(s):  
Dian Masita Dewi

<p>This study aims to predict causality model [33] effect of Corporate Social Responsibility on financial performance. This study also examines motivation of CSR implementation based on financial performance and market performance in non-financial public companies and banks that disclose CSR activities and listed at Indonesia Stock Exchange during 2007–2009. Numbers of samples were 46 companies. Data was analyzed by GSCA. Research result showed that there was a significant direct effect between CSR on Return on Assets (ROA), Return on Equity (ROE). In contrast, there was no significant direct effect between CSR on Market Value Added (MVA). In addition, there was a significant direct effect between Return on Assets (ROA) on CSR, Return on Equity (ROE) on CSR and there was no significant direct effect between Market Value Added (MVA) on CSR. There were three empirical findings novelties of this study. First, return on assets (ROA) has positive effect on CSR and otherwise CSR has positive effect on ROA. Second, ROE has positive effect on CSR and otherwise CSR has positive effect on ROE. Last, MVA affect on CSR and otherwise CSR affect on MVA.</p> <p> </p>


Author(s):  
Bode Verry Fair Sitorus

This study aims to help investors or prospective investors in making decisions in investing in the capital market by analyzing the influence of financial ratios, namely market value ratios, solvency and profitability that affect stock prices in companies that are consistently registered in the LQ-45 period 2013-2017 . The market value ratio used is Price to Earning Ratio (PER) and Price to Book Value (PBV), the solvency ratio used is Debt to Assets Ratio (DAR) and Debt to Equity Ratio (DER) while the profitability ratio used is Return On Assets (ROA), Return On Equity (ROE) and Net Profit Margin (NPM). This study uses a purposive sampling technique with a sample of 24 LQ45 issuers who meet the research criteria for the period 2013-2017 from 45 existing issuers. The results of this study that stock prices can be explained as much as 24.68% by Price to Book Value (PBV), Debt to Assets Ratio (DAR), Debt to Equity Ratio (DER), Return On Assets (ROA), Return On Equity ( ROE) and Net Profit Margin (NPM. Simultaneously all independent variables have an effect on stock prices while from the seven variables, only the Price to Book Value (PBV) variable has an effect on stock prices. Therefore investors or potential investors should pay attention to the Price ratio. to Book Value (PBV) as a reference in investing.


2022 ◽  
Vol 4 (3) ◽  
pp. 867-879
Author(s):  
Risal Rinofah ◽  
Pristin Prima Sari ◽  
Heni   Nur Amrina

The purpose of this study is to find out whether the effect of Market Value Added, Profitability, and Market Value Added on stock price. Sampling in this study is a purposive sampling method. Then the data is tested using multiple regression analysis. The results of the t test showed that the Economic Value Added has a signification value of 0,018 which means smaller than 0,05 and the calculated value of -2.441<t tablel 2.00758 then H1 is accepted. Profitability has a signification value of 0,034 greater than 0,05 and a calculated value of 2.182>t table 2.00758 then H2 is accepted, Market Value Added has significant  value of 0,223 greater than 0,05 and the value of t calculated -1.235<t table 2.00758 then H3 is rejected. The results of the F test showed that Economic Value Added, Profitability, Market Value Added have a calculated F value of 2,933 and sig. 0,042. Because the value F calculated 2.933>F table 2.773 and sig. value 0,042<0,05. It can be concluded that partially Economic Value Added has a significant negative effect on stock price, Profitability has a significant effect on stock price, Market Value Added has no significant effect on stock price and simultaneously Economic Value Added, Profitability, Market Value Added has a significant effect on stock price Keywords: Economic Value Added, Profitabilitas, Market Value Added, Stock Price


2017 ◽  
Vol 5 (2) ◽  
pp. 112
Author(s):  
Mohammad Delkhosh ◽  
Zahra Malek ◽  
Maryam Rahimi ◽  
Zohreh Farokhi

The aim of the present study was to compare the utility of traditional accounting reporting and financial reporting for performance evaluations. Accordingly, the relationship between six ratios of net cash flows, net operating cash flows, cash value added, income after tax, income before tax, and market value added to the book value of total assets and Tobin’s Q ratio as an indicator of performance evaluation were examined. For this purpose, the information of 122 companies listed on Tehran Stock Exchange in the years 2009 to 2014 were used. Besides, linear regression and analysis of variance (ANOVA) were used to analyze the data. The results showed that except for the ratio of net cash flows to the book value of total assets, there was a significant relationship between the other five ratios. In addition, it was noted that cash value added to net operating cash flows had more information content concerning evaluating the firm performance. The results also indicated that net cash flows did not contain information content for evaluating the firm performance. However, the market value added had the maximum information to be used for evaluating the firm performance.


2012 ◽  
Vol 3 (1) ◽  
pp. 199
Author(s):  
Marsya Aisyana ◽  
Yen Sun

This study aims for analyzing the influence of liquidity, solvability and profitability to market value added. There are 22 companies of LQ 45 used as samples during the period of 2007-2009. Sampling technique used in this study is purposive sampling. Furthermore, the statistical test used in the data analysis and hypothesis testing is multiple linear regressions. The independent variable consists of 6 variables; acid-test ratio, debt ratio, debt to equity ratio, times interest earned (TIE), return on asset (ROA) dan return on equity (ROE). While the dependent variable used is market value added (MVA). The result shows that only return on asset (ROA) has a significant and positive impact to market value added (MVA). Whereas, the acid-test ratio and debt ratio has a positive and insignificant effect, the debt to equity ratio, times interest earned (TIE), and return on equity (ROE) has a negative and insignificant effect to market value added (MVA).


2018 ◽  
Vol 26 (1) ◽  
pp. 29-47
Author(s):  
Dheni Indra Kusuma

The capital market has been progressing very rapidly. The annual financial statements of companies listed on the Indonesia Stock Exchange have become one of the investor analysis tools to take a business action. The decision of the investor will affect the value of the company reflected through the stock market price of the company. Financial ratios are still trusted by investors as the basis for analysis in decision making. Methods of Economic Value Added, and Market Value Added emerged as an alternative complement information for investors to analyze and make decisions.This study aims to examine the influence of financial ratios, Economic Value Added, and Market Value Added on stock prices. The sample to be observed are companies that are included in the index PEFINDO 25. The growing of beginner investors and Small and Medium Enterprises that entered the Indonesia Stock Exchange became the basis of interest researchers to conduct this research. Hypothesis testing was performed by using crosssectional regression for each year observation from 2010-2015 and all pooled regression years. This study uses observational company data selected by purposive sampling year 2010-2015 from all companies listed in Indonesia Stock Exchange included in index PEFINDO 25. The results shows that variables of DER, PER, EVA, and MVA affects in the companies. Keywords: Financial Ratios, Economic Value Added, Market Value Added


2019 ◽  
Vol 14 (2) ◽  
pp. 170-183
Author(s):  
Hafizh tri syahbandi

Penelitian ini dibuat dengan tujuan untuk menguji peran peluang investasi dan solvabilitas terhadap profitabilitas perusahaan non finansial yang terdaftar di Bursa Efek Indonesia tahun 2016-2018. Peluang investasi diukur dengan rasio market value of common stock to book value of common stock dan earning per share to price per share. Solvabilitas diukur dengan Debt to Equity Ratio. Profitabilitas diukur dengan Return on Equity. Populasi dalam penelitian ini adalah perusahan-perusahaan non finansial  yang terdaftar di BEI. Sampel yang digunakan adalah perusahaan properti dan real estate. Metode pengambilan sampel menggunakan metode purposive sampling. Sumber data yang digunakan adalah data sekunder yang dikumpulkan melalui dokumentasi data yang diperoleh dari website resmi Bursa Efek Indonesia (www.idx.co.id). Analisis data menggunakan analisis regresi data panel dengan model Random Effect. Pengolahan data menggunakan program Eviews 9.0.  Hasil penelitian ini menunjukkan terdapat pengaruh positif yang signifikan antara rasio market value of common stock to book value of common stock, earning per share to price per share, dan debt to equity terhadap return on equity.  Kata kunci : Peluang Investasi, Solvabilitas, Profitabilitas


2018 ◽  
Vol 2 (2) ◽  
pp. 206-218 ◽  
Author(s):  
Martina Rut Utami ◽  
Arif Darmawan

Penelitian ini bertujuan untuk menguji pengaruh Debt to Equity Ratio (DER), Return on Asset (ROA), Return on Equity (ROE), Earning Per Share (EPS), Market Value Added (MVA) terhadap harga saham pada perusahaan manufaktur yang terdaftar di Indeks Saham Syariah Indonesia (ISSI) periode 2012-2016. Penarikan sampel penelitian menggunakan metode purposive sampling. Sampel yang digunakan adalah 53 perusahaan selama periode 2012-2016 sehingga total data yang diolah adalah 265 observasi. Sumber data yang digunakan dalam penelitian ini data sekunder berupa laporan keuangan tahunan basis data dan BEI. Teknik analisis yang digunakan adalah regresi data panel uji chow dan uji hausman. Hasil dari menunjukkan EPS dan MVA secara parsial berpengaruh positif terhadap harga saham. Hasil pengujian berbeda untuk variabel DER, ROA dan ROE secara parsial tidak berpengaruh terhadap harga saham.


Accounting ◽  
2021 ◽  
pp. 917-924 ◽  
Author(s):  
Mohammed Zakaria Soda ◽  
Yazan Oroud ◽  
Mohammed Hassan Makhlouf

This study aimed to demonstrate the impact of the financial policy, represented in debt policy and dividend policy, and the capital assets on the financial performance measured by return on equity, total assets turnover and market value added of 53 service companies listed on the Amman stock exchange during the period 2014–2018, using the panel data models. According to the results of testing performed on return on equities (ROE) model, total assets turnover (TAT) model, and market value added (MVA) model, it can be concluded that debt policy has a negative significant effect on market value added and total assets turnover, on the other hand, it has a negative insignificant effect on return on equity. The financial performance of the Jordanian service companies is influenced negatively by the debt ratio as a measure of financial policy; which means service companies are using heavy debt to finance the operating activities, which increases financial cost and the risk of financial failure. The study recommended that service companies can increase the volume of investment in fixed assets to generate high financial performance indicators.


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