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 Return On Equity, Debt to Equity Ratio, Basic Earning Power, Economic Value Added dan Market Value Added Terhadap Return Saham

2021 ◽  
pp. 148-159
Author(s):  
Jie Lydia Irawan
Keyword(s):  
Stock Returns ◽  
Economic Value ◽  
Value Added ◽  
Market Value ◽  
Economic Value Added ◽  
Test Results ◽  
Return On Equity ◽  
Equity Ratio ◽  
Earning Power ◽  
Market Value Added

In investing, investors expect stock returns from their investment, using Return On Equity (ROE), Debt to Equity Ratio (DER), Basic Earning Power (BEP), Economic Value Added (EVA), and Market Value Added (MVA), which are expected to provide an overview and information about the company to be invested in.  The purpose of this study was to examine the effect of ROE, DER, BEP, EVA, and MVA on stock returns.The test uses multiple linear regression using a sample of 33 active companies that are always listed on the LQ45 index in 2017-2019 period.  The partial test results show that DER and BEP have an effect on stock returns, while ROE, EVA, and MVA have no effect on stock returns.  Simultaneous test results obtained ROE, DER, BEP, EVA, and MVA have an effect on stock returns. Investors should pay attention to the DER and BEP of the company because these variables have an effect on stock returns.  Keywords: Return On Equity, Debt to Equity Ratio, Basic Earning Power, Economic Value Added, Market Value Added,and Stock Return.

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 The comparison between the market value (MVA) the net profit after tax by economic value added (EVA) to net profit after tax of the companies listed on the in Tehran Stock Exchange.

2016 ◽  
Vol 4 (5) ◽  
pp. 562-564
Author(s):  
Amir Rahimi Ashtiani ◽  
Saleh Payande Ashtiani
Keyword(s):  
Significant Relationship ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Market Value ◽  
Shareholder Wealth ◽  
Economic Value Added ◽  
Net Profit ◽  
Pharmaceutical Industries ◽  
Spss Software

Desired performance and eventually increase the company's value will increase shareholder wealth. The fundamental challenge of managing businesses to create value for shareholders. The comparison between the market value (MVA) the net profit after tax by economic value added (EVA) to net profit after tax of the companies listed on the in Tehran Stock Exchange in 2007 to 2014. So that can be a benchmark internal performance evaluation that a representative of the market value is also achieved which the statistical was determined technique of a linear regression coefficient, And EVIEWS and SPSS software was used to test the hypotheses. The results show that there are positive correlation between (MVA/EARING) as the dependent variable (EVA /EARING) as independent variables studied in all companies, regardless of their weakness. So the companies listed in in Tehran Stock Exchange (EVA/EARING) as a measure of internal performance measurement alone is not enough to predict the effectiveness criteria is value in the market. In our group of companies and industries except, automotive and pharmaceutical industries that there were not a significant relationship between the variables in the rest of the industry significant relationship between the variables.

scholarly journals PENGARUH DEBT TO EQUITY RATIO, RETURN ON ASSETS, PRICE EARNING RATIO DAN ECONOMIC VALUE ADDED TERHADAP RETURN SAHAM PADA PERUSAHAAN SUBSEKTOR PROPERTY DAN REAL ESTATE.

2018 ◽  
Vol 2 (1) ◽  
pp. 12-24
Author(s):  
Julyana Widjayanti ◽  
Risal Rinofah ◽  
Mujino Mujino
Keyword(s):  
Real Estate ◽  
Stock Returns ◽  
Stock Return ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Sampling Technique ◽  
Economic Value Added ◽  
Return On Assets ◽  
Equity Ratio

This study aims to determinethe effect of Debt to Equity Ratio, Return On Assets, Price Earning Ratio, and Economic Value Added on Stock Returns on Property and Real Estate companies listed on the Indonesia Stock Exchange (BEI) for the 2014-2018 period. The sampling technique is purposive sampling. Samples were obtained from 11 Property and Real Estate companies listed on the Indonesia Stock Exchange (IDX) for the 2014-2018 period. Based on the results of data analysis shows that Debt to Equity Ratio and Return On Assets have a positive and significant effect on Stock Return, Price Earning Ratio and Economic Value Added have a negative and no significant effect on Stock Return. Together Debt to Equity Ratio, Return On Assets, Price Earning Ratio, and Economic Value Added have a positive and significant effect on Stock Return.    

scholarly journals PENGARUH ECONOMIC VALUE ADDED (EVA) DAN MARKET VALUE ADDED (MVA) TERHADAP RETURN SAHAM PERUSAHAAN OTOMOTIF DI INDONESIA TAHUN 2007–2010

El Dinar ◽  
2014 ◽  
Vol 1 (02) ◽  
Author(s):  
Putri Kurnia Widiati
Keyword(s):  
Stock Return ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Market Value ◽  
Stock Exchanges ◽  
Good Prediction ◽  
Economic Value Added ◽  
Market Value Added ◽  
Important Position

<p>This study analyzed the effect of Economic Value Added (EVA), Market Value Added (MVA) of otomotif companies Stock return listed on stock exchanges Indonesia, because otomotif companies have an important position on Indonesian Economics.Population of this research are otomotif company that listed on the Stock Exchange of Indonesia from 2007–2010 with sensus sampling method and multiple regresion analysis to analyzed. For the parsial side Market Value Added (MVA) has an influence to stock return of Otomotif Company that listed on the Stock Exchange. To get the trust from investor, otomotif company should have good performance with a good value of Market Value Added, because Market Value Added has significant effect to stock return; and have a good prediction about another factor that influence the stock return wich used histories data for the indicator.</p><p> </p>

scholarly journals (Setahun) Bali United IPO: Analisis Economic Value Added (EVA) dan Market Value Added (MVA)

MBIA ◽  
2020 ◽  
Vol 19 (3) ◽  
pp. 309-319
Author(s):  
Yeni Widyanti ◽  
Ryan Al Rachmat ◽  
Eka Sevtia Mesta
Keyword(s):  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Market Value ◽  
Added Value ◽  
Economic Value Added ◽  
Financial Reports ◽  
Football Club ◽  
First Semester ◽  
Market Value Added

This study aims to analyze the financial performance of the Bali United Football Club, which is the first football club in Indonesia to be listed on the Indonesia Stock Exchange (IDX) in 2019. The sample used in this study is PT Bali Bintang Sejahtera Tbk which is a company that manages Bali United football club. The type of data used is quantitative data obtained from the IDX website and the club consisting of financial reports 2019. The analysis technique is carried out with a quantitative descriptive method using the Economic Value Added (EVA) and Market Value Added (MVA) methods. The results of the analysis show that 2018 - 2019 has not been able to create added economic value for the company. This is indicated by the negative EVA value for two consecutive years. Whereas in 2020, which can be seen from the semester report per June 2020, the company's EVA value shows positive results, this is a good step for the company considering that the financial statements in the first semester of the company were able to produce a fairly high NOPAT, this also had an influence on the EVA value which positive which means the company has been able to create added value for the company.   Abstrak Penelitian ini bertujuan untuk menganalisis kinerja keuangan Klub Sepak Bola Bali United yang merupakan klub sepak bola pertama di Indonesia yang listing di Bursa Efek Indonesia (BEI) pada tahun 2019. Sampel yang digunakan dalam penelitian ini adalah PT Bali Bintang Sejahtera Tbk yang merupakan induk perusahaan yang mengelola klub Bali United. Jenis data yang digunakan adalah data kuantitatif yang diperolah dari situs BEI dan klub yaitu laporan keungan tahun 2019. Tekknik analisis dilakukan dengan metode deskriptif kuantitatif yakni menggunakan metode Evonomic Value Added (EVA) dan Market Value Added (MVA). Hasil analisis menunjukkan tahun 2018 – 2019 belum bisa menciptakan nilai tambah ekonomi bagi perusahaan. Hal ini ditunjukkan dengan nilai EVA yang negatif selamat dua tahun berturut-turut. Sedangkan pada tahun 2020 yang bisa dilihat dari laporan semester per Juni 2020 nilai EVA perusahaan menunjukkan hasil yang positif hal ini merupakan langkah yang baik bagi perusahaan mengingat laporan keuangan pada semester pertama perusahaan mampu menghasilkan NOPAT yang cukup tinggi hal ini juga membawa pengaruh terhadap nilai EVA yang positif yang berarti perusahaan telah mampu menciptakan nilai tambah bagi perusahaan. Kata kunci: Kinerja Keuangan, EVA, MVA

Pengaruh Rasio Keuangan, Economic Value Added, Dan Market Value Added Terhadap Harga Saham Perusahaan Terindeks Pefindo 25

2018 ◽  
Vol 26 (1) ◽  
pp. 29-47
Author(s):  
Dheni Indra Kusuma
Keyword(s):  
Stock Prices ◽  
Stock Exchange ◽  
Small And Medium Enterprises ◽  
Economic Value ◽  
Market Price ◽  
Value Added ◽  
Market Value ◽  
Financial Ratios ◽  
Economic Value Added ◽  
Market Value Added

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

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 Analisis Kinerja Keuangan Dengan Metode Economic Value Added (EVA), Market Value Added (MVA), dan Financial Value Added (FVA)

2019 ◽  
Vol 20 (2) ◽  
pp. 200-210 ◽  
Author(s):  
Rahmah Arafati Masyiyan
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Market Value ◽  
Sampling Technique ◽  
Economic Value Added ◽  
Analysis Techniques ◽  
Operating Profit ◽  
Market Value Added

EVA, MVA, and FVA analysis techniques are used to see better and more efficient financial performance of the company. This study aims to determine financial performance based on EVA (Economic Value Added) method, Market Value Added, and Financial Value Added in coal mining sub-sector companies listed on the Indonesia Stock Exchange. This study uses a descriptive quantitative method, with a purposive sampling technique in the coal subsector mining companies listed on the Stock Exchange and posting operating profit for the period 2014-2018.EVA results in this study are 6 companies with stock codes BYAN, DOID, ITMG, PTBA, SMMT, and TOBA which have positive EVA values over a period of 5 years. Then from this study there are MVA results that tend to be negative. There are 3 companies with stock codes DOID, ITMG, and PTRO that have negative MVA values each year for a period of 5 years. Then for the FVA value generated in this study, there are 3 companies that have negative FVA values each year during the study period, those companies are companies with stock codes DOID, KKGI, and PTRO.

scholarly journals The comparison between the market value (MVA) the net profit after tax by economic value added (EVA) to net profit after tax of the companies listed on the in Tehran Stock Exchange

2016 ◽  
Vol 10 (4) ◽  
pp. 2229-2231
Author(s):  
Saleh Payande Ashtiani ◽  
Amir Rahimi Ashtiani
Keyword(s):  
Significant Relationship ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Market Value ◽  
Shareholder Wealth ◽  
Economic Value Added ◽  
Net Profit ◽  
Pharmaceutical Industries ◽  
Spss Software

Desired performance and eventually increase the company's value will increase shareholder wealth. The fundamental challenge of managing businesses to create value for shareholders.  The comparison between the market value (MVA) the net profit after tax by economic value added (EVA) to net profit after tax of the companies listed on the in Tehran Stock Exchange in 2007 to 2014. So that can be a benchmark internal performance evaluation that a representative of the market value is also achieved which the statistical was determined technique of a linear regression coefficient, And EVIEWS and SPSS software was used to test the hypotheses. The results show that there are positive correlation between (MVA/EARING) as the dependent variable (EVA/EARING) as independent variables studied in all companies, regardless of their weakness. So the companies listed in in Tehran Stock Exchange (EVA/EARING) as a measure of internal performance measurement alone is not enough to predict the effectiveness criteria is value in the market. In our group of companies and industries except, automotive and pharmaceutical industries that there were not a significant relationship between the variables in the rest of the industry significant relationship between the variables.  

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