scholarly journals Assessment of the Efficiency of Different Forms of Financing

2019 ◽  
Vol 8 (3) ◽  
pp. 1989-1995
Keyword(s):  
Income Tax ◽  
Net Present Value ◽  
Economic Value ◽  
Value Added ◽  
Comprehensive Assessment ◽  
Economic Value Added ◽  
Present Value ◽  
Return On Equity ◽  
Investment Capital ◽  
Tax Savings

The study analyzes various criteria and forms for assessing the effectiveness of financing the activities of enterprises. A methodological toolkit has been developed for the comprehensive assessment of the effectiveness of various forms of financing the activities of enterprises, taking into account the significance of criteria. The following criteria are considered: tax savings on income tax excluding the time factor, cost of the i-th source of attraction, economic value added, increase in return on equity, the profitability of investment capital, net present value.

Међузависност додате економске вредности, нето садашње вредности и тржишне вредности предузећа // Interdependence of Economic Value Added, Net Present Value and Market Value of a Company

2018 ◽  
Vol 13 (22) ◽  
pp. 53
Author(s):  
Милорад Иванишевић
Keyword(s):  
Net Present Value ◽  
Economic Value ◽  
Value Added ◽  
Market Value ◽  
Company Performance ◽  
Economic Value Added ◽  
Present Value ◽  
Market Value Added ◽  
One Year ◽  
A Company

Резиме: У чланку се најпре разматра додата економска вредност као метод за мерење перформанси предузећа у временским интервалима од годину дана. Затим се расправља о додатој тржишној вредности као разлици између тржишне вредности предузећа и вредности инвестираног капитала. После тога се објашњава међузависност додате економске вредности и додате тржишне вредности. На крају се показује да постоји повезаност нето садашње вредности као метода за оцену рентабилности инвестиција и тржишне вредности предузећа.Summary: Economic value added as a method for company performance measurement for time periods of one year is firstly analyzed in the paper. After that we discuss market value added as a difference between company market value and value of invested capital. Then the interdependence between economic value added and market value added is explained. Finally, we point out that there is relationship between net present value as a method for investment rentability evaluation and company market value.

Valmont Industries, Inc.

2017 ◽  
pp. 1-20
Author(s):  
Kenneth M. Eades ◽  
Jay Caver ◽  
Jennifer Hill
Keyword(s):  
Stock Price ◽  
Net Present Value ◽  
Cost Of Capital ◽  
Economic Value ◽  
Value Added ◽  
Economic Value Added ◽  
Present Value ◽  
Price Performance

This case serves as an introduction to the concept of economic value added (EVA). The student is placed in the position of Valmont's CFO to decide whether EVA can live up to its promise to motivate managers to act like shareholders and ultimately lead them to make value-enhancing decisions that can reverse Valmont's weak earnings and lackluster stock-price performance. The case works best if students are acquainted with the concepts of cost of capital and net present value. The teaching note that is available for registered faculty explains how to incorporate the accompanying six-minute video supplement.

scholarly journals ANALISIS PENGARUH EVA, ROA DAN ROE TERHADAP RETURN SAHAM PADA PERUSAHAAN MANUFAKTUR DI BURSA EFEK JAKARTA TAHUN 2006-2008

2014 ◽  
Vol 14 (02) ◽  
Author(s):  
Wikan Budi Utami
Keyword(s):  
Capital Market ◽  
Economic Value ◽  
Value Added ◽  
Economic Value Added ◽  
Return On Assets ◽  
Return On Equity ◽  
Purposive Sampling

Tujuan dalam penelitian ini adalah untuk mengetahui pengaruh EVA, ROA dan ROE terhadap return pemegang saham.Sampel yang diambil dalam penelitian ini adalah perusahaan manufaktur yang terdaftar di Bursa Efek Jakarta (BEJ) yang tercantum dalam Indonesian Capital Market Directory dan internet dengan situs www.jsx.co.id sejak tahun 2006 sampai dengan 2008. Sampel penelitian ditentukan berdasarkan purposive sampling. Dalam penelitian ini uji asumsi klasik yang digunakan adalah: uji normalitas, uji Autokorelasi, uji Multikolinearitas, uji Heterokedastisitas, Uji Regresi (Uji f dan t).Pengujian hipotesis yang digunakan adalah uji f, uji t dan uji R2. Hasil uji F diperoleh nilai Fhitung sebesar 1,226 dengan tingkat signifikansi 0,317. Karena nilai signifikansi F lebih besar dari 0,05 maka disimpulkan tidak ada pengaruh simultan antara variabel Economic Value Added (EVA), Return on Assets (ROA), Return on Equity (ROE) terhadap Return Saham.Hasil uji t diperoleh variabel EVA memiliki tingkat signifikansi lebih dari 0,05 yaitu sebesar 0,100. Dengan tingkat signifikansi 0,100 yang lebih besar dari 0,05 disimpulkan bahwa secara parsial Economic Value Added (EVA) tidak berpengaruh terhadap Return Saham perusahaan. Variabel ROA memiliki tingkat signifikansi lebih besar dari 0,05 yaitu sebesar 0,789. Dengan tingkat signifikansi 0,789 lebih besar dari 0,05 disimpulkan bahwa secara parsial Return on Asset tidak berpengaruh terhadap Return Saham perusahaan. Variabel ROE memiliki tingkat signifikansi lebih dari 0,05 yaitu sebesar 0,689. Dengan tingkat signifikansi sebesar 0,689 yang lebih besar dari 0,05 disimpulkan bahwa secara parsial Return on Equity (ROE) tidak berpengaruh terhadap Return Saham perusahaanHasil uji koefisien determinasi diperoleh nilai R2 sebesar 0,109 atau 10,9%. Hal ini menunjukan bahwa 10,9% dari nilai variabel dependen yaitu Return Saham dapat dijelaskan oleh Economic Value Added (EVA), Return on Assets (ROA) dan Return on Equity (ROE) sedangkan sisa nilai variabel dependen yaitu  sebesar 89,1% tidak dapat dijelaskan oleh persamaan regresi atau dipengaruhi oleh faktor lain yang tidak termasuk dalam model analisis.Hasil penelitian ini diharapkan dapat memberi masukan bagi investor dalam melakukan invetasi saham dengan tidak hanya melihat kondisi perusahaan melalui rasio keuangan, khususnya melalui rasio EVA, ROA dan ROE tapi dengan rasio lain sebagai penentu investasi.Kata kunci: Economic Value Added (EVA), Return on Assets (ROA), Return on Equity (ROE) dan Return Saham

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 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 Kinerja Keuangan terhadap Return Saham Perusahaan Property dan Real Estate

2018 ◽  
Vol 6 (2) ◽  
pp. 89
Author(s):  
Luvy Nurfinda ◽  
Lintang Venusita
Keyword(s):  
Stock Return ◽  
Economic Value ◽  
Value Added ◽  
Profit Margin ◽  
Analysis Tool ◽  
Economic Value Added ◽  
Return On Equity ◽  
Earnings Per Share ◽  
Net Profit ◽  
Property Companies

The indicators that often be used as an analysis tool for measuring financial performance are EPS, ROE, and NPM, that measure performance reflecting the company's ability to generate profits and returns on investment firms. Saturated sample method used in this study using a sample of seventeen companies listed in Indonesia Stock Exchange. Hypothesis testing was performed by using the classical assumption test and linear regression analysis.The results of this study showed that the variable of economic value added, earnings per share, and net profit margin had no significant effect on the stock return of the property companies. Meanwhile, the variable of return on equity had a significant effect on the stock return of the property companies. Simultaneously, the analysis results suggested that the variable of economic value added, earnings per share, return on equity, and net profit margin had an influence to the stock returns of 11.9%, while the remaining of 88.1% can be influenced by other factors.

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