scholarly journals The Effect of Economic Value Added (EVA) and Return on Assets (ROA) on Stock Returns

2020 ◽  
Vol 4 (3) ◽  
pp. 441-453
Author(s):  
Lita Sonia
Keyword(s):  
Stock Returns ◽  
Stock Return ◽  
Statistical Tests ◽  
Economic Value ◽  
Balance Sheet ◽  
Value Added ◽  
Economic Value Added ◽  
Return On Assets ◽  
Library Research ◽  
Income Statement

Financial information on companies that go public is useful for investors as a basis for evaluating a company to make investment choices. One of the aspects that will be assessed by investors is financial performance. Recently, a new approach has been developed in measuring performance known as Economic Value Added (EVA). and Return On Assets (ROA). This study aims to determine the effect of Economic Value Added and Return On Assets on Stock Returns in the companies sub-sector of beauty and household needs. This study uses a non-probability sample because the company’s income statement and balance sheet are incomplete. Data collection was performed using internet hard reset library research and journals. Statistical methods use multiple linear regression with hypothesis testing partial statistical tests ( t-test) and simultaneous tests (f-test). The result of this indicates that the Economic Value Added partiality influences Stock Return and Return On Assets does not affect the Stock return. This is indicated by the calculated t-value of variable X1= sig 0,024, X2= t-value 2,713 partially no effect on stock returns. While simultaneously obtained the calculated f-value of 3,936. This the obtained that Economic Value Added and Return On Assets simultaneously effect on Stock Returns.

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 ANALISIS PENGARUH EVA DAN ROA TERHADAP RETURN SAHAM PADA INDUSTRI KONSUMSI DI BURSA EFEK INDONESIA

2013 ◽  
Vol 1 (1) ◽  
pp. 13
Author(s):  
Pungky Hapsari
Keyword(s):  
Stock Returns ◽  
Stock Return ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Sampling Technique ◽  
Regression Coefficients ◽  
Economic Value Added ◽  
Analysis Model ◽  
Return On Assets

This study aimed to determine the effect of Economic Value Added (EVA) and Return On Assets (ROA) of stock returns on consumption listed companies on the Stock Exchange during the years 2006-2008. Purposive sampling technique with sampling and eventually acquired 29 companies that meet the criteria to be used as the study sample. The analysis model used in this study is the linear regression that aims to discover whether there is any empirical evidence of the influence of Economic Value Added (EVA) and Return On Assets (ROA) to stock return. The analysis showed that the simultaneous EVA and ROA significantly α = 5% of the stock return, but partially EVA no significant effect on stock returns. While ROA partially significant effect on stock returns. For regression coefficients show negative EVA while ROA is positive.

PENGARUH NILAI BUKU, ECONOMIC VALUE ADDED, DAN RETURN ON ASSET TERHADAP RETURN SAHAM

2014 ◽  
Vol 9 (2) ◽  
pp. 143
Author(s):  
Venni Suryani Senohadi ◽  
Perminas Pangeran
Keyword(s):  
Stock Returns ◽  
Stock Return ◽  
Positive Impact ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Economic Value Added ◽  
Return On Assets ◽  
Book Value ◽  
Positive Effect

This study aimed to examine the effect of the financial performance on banking’s stock return. The study was conducted on 22 banking companies listed in Indonesia Stock Exchange for the period of 2007 to 2009. The results showed that the Return on Assets (ROA) has a positive impact on stock returns. Likewise, Economic Value Added (EVA) has a positive effect on stock returns. Nevertheless, book value (BV) has no effect on stock returns Keywords: Stock Return, Economic Value Added, Return on Assets, Book Value.

scholarly journals Pengaruh Free Cash Flow Dan Economic Value Added Terhadap Return Saham(Studi pada Saham Perusahaan yang Tercatat Aktif dalam LQ 45di BEI Periode 2015-2017)

2018 ◽  
Vol 10 (2) ◽  
Author(s):  
Fedro Christian Montoliang ◽  
Lauw - Tjun Tjun
Keyword(s):  
Stock Returns ◽  
Cash Flow ◽  
Significant Influence ◽  
Stock Return ◽  
Economic Value ◽  
Value Added ◽  
Analysis Data ◽  
Free Cash Flow ◽  
Primary Data ◽  
Economic Value Added

This study aims to analyze the effect of free cash flow and economic value added on stock returns. The type of data used is primary data and secondary data. The sample used is a company that is listed active in LQ 45 in BEI Period 2015-2017. Methods of data analysis using multiple regression analysis. Data processing is done by using SPSS Version 20 for windows. The results showed that there is a significant effect between free cash flow with stock return, there is a significant influence between economic value added with stock return, and there is significant influence between free cash flow and economic value added simultaneously with stock return. Keywords: Economic Value Added, Free Cash Flow, Stock Return, and Stock

scholarly journals Analisis Kinerja Keuangan dengan Metode Economic Value Added (EVA) (Studi pada PT. Behin Karya Tahun 2015-2019 )

2020 ◽  
Vol 5 (2) ◽  
Author(s):  
Ali Muhajir
Keyword(s):  
Financial Performance ◽  
Economic Value ◽  
Balance Sheet ◽  
Value Added ◽  
Financial Statements ◽  
Economic Value Added ◽  
Operating Profit ◽  
Income Statement ◽  
Descriptive Method ◽  
Very High

This study sample aims to measure the financial performance of PT. Behin Karya in 2015-2019 using the economic value added (EVA) method. This study uses a descriptive method with a quantitative approach. The population in this study is the financial statements of PT. Behin Karya 2015-2019. This study’s sample is the company's financial statements, especially the balance sheet and income statement. The results showed that the overall financial performance of PT. Behin Karya, using the Economic Value Added (EVA) method is excelent, because it has succeeded in achieving a positive value, despite fluctuating. This is because the operating profit generated by the company in 2015-2019 is very high so that it can be compared between the capital charges value and the NOPAT value that the NOPAT value is higher than the capital charges value. Keywords: financial performance; economic value added (EVA)

scholarly journals PENGARUH PENGUKURAN KINERJA DENGAN ECONOMIC VALUE ADDDED DAN EARNINGS PER SHARE TERHADAP RETURN SAHAM PADA PERUSAHAAN YANG TERGABUNG DALAM INDEKS LQ45 DI BURSA EFEK INDONESIA

2012 ◽  
Vol 12 (3) ◽  
pp. 75
Author(s):  
Roghiebah Jadwa Faradisi ◽  
Muhammad Nuryatno Amin
Keyword(s):  
Financial Performance ◽  
Stock Returns ◽  
Stock Return ◽  
Research Study ◽  
Economic Value ◽  
Value Added ◽  
Sampling Technique ◽  
Economic Value Added ◽  
Earnings Per Share ◽  
Positive Effect

<span>Company’s financial performance can be measured using Economic Value<br /><span>Added and Earnings Per Share. The existence of these two methods, will<br /><span>demonstrate the company’s ability to earn a profit for a certain period and whether the company will create value or not. The purpose of this study is to prove the effect of the company’s financial performance using EVA and EPS on stock returns. Research study is a test of the hypothesis, the causal relationship. The sampling technique using purposive sampling, a total of 34 companies in 2010-2012.The analytical method used is regression testing. The results obtained from this study are incorporated in EVA LQ45 companies showed a positive effect on stock returns over the period 2010-2012.This indicates that the management company has succeeded in creating shareholder value and improve the life of the owner of the company, because the return is given as expected. However, this study also proved that the EPS has no effect on the stock return.<br />Keywords : economic value added, earnings per share, and stock return<br /></span></span></span>

scholarly journals Analisis Pengaruh Economic Value Added (EVA), Debt To Equity Ratio (DER), Return On Asset (ROA), dan Current Ratio (CR) terhadap Return Saham

2019 ◽  
Vol 3 (2) ◽  
Author(s):  
Muhammad Rois ◽  
Pandiya Pandiya ◽  
Ni Made Diah K.S
Keyword(s):  
Stock Returns ◽  
Stock Return ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Sampling Technique ◽  
Economic Value Added ◽  
Current Ratio ◽  
Mining Companies ◽  
Equity Ratio

This study aims to examine the significance of the effects of Economic Value Added, Debt to Equity Ratio, Return on Assets, and Current Ratio To stock againts returns in mining sector companies listed in Indonesia Stock Exchange 2013-2017. This study uses secondary data. The samples in this research are determined by purposive sampling technique. The samples used in this research are 6 (six) mining companies listed on Indonesia Stock Exchange. Testing hypothesis by using regression tool of panel data  supported by software eviews 9. Results of F test of  this research show that Economic Value Added (EVA), Debt to Equity Ratio (DER), Return on Asset (ROA), simultaneously have a significant effect against stock returns on the company. The result of t test shows that the Economic Value Added partially does not have a significant effect on stock return, while the Debt to Equity Ratio, Return on Asset, and Current Ratio have significant effect to stock return on mining companies listed in Indonesia Stock Exchange period 2013-2017. 

Pengaruh Return on Assets, Price Earning Ratio dan Economic Value Added terhadap Return Saham pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode 2014-2017

2020 ◽  
Vol 1 (1) ◽  
pp. 55-59
Author(s):  
Ni Luh Rai Sri Wahyuni ◽  
I Made Wianto Putra ◽  
Ni Putu Riasning
Keyword(s):  
Regression Analysis ◽  
Linear Regression ◽  
Multiple Linear Regression ◽  
Stock Return ◽  
Linear Regression Analysis ◽  
Economic Value ◽  
Value Added ◽  
Multiple Linear Regression Analysis ◽  
Economic Value Added ◽  
Return On Assets

The information that can be used as a benchmark for the level of return of the company being investigated is ROA, PER and EVA. This research was conducted at manufacturing companies listed on the Indonesia Stock Exchange in the 2014-2017 period. By using as many as 35 companies as a sample determined by the purposive sampling method. Data collection is done by studying the documentation. Analysis of the data used is multiple linear regression analysis. Before carrying out multiple linear regression analysis, first do the classical assumption test which includes normality test, multicollinearity test, autocorrelation test, heteroscedasticity test. The results of this study indicate that ROA has a significant effect on Stock Return, PER does not have a significant effect on Stock Return and Eva also has no significant effect on Stock Return. Keywords: Return On Assets (ROA); Price Earning Ratio (PER); Economic Value Added (EVA) Informasi-informasi yang dapat digunakan sebagai tolak ukur tingkat return saham perusahaan yang diteliti adalah ROA, PER dan EVA. Penelitian ini dilakukan pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia periode 2014-2017. Dengan menggunakan sebanyak 35 perusahaan sebagai sampel yang ditentukan dengan metode purposive sampling. Pengumpulan data yang dilakukan dengan telaah dokumentasi. Analisis data yang digunakan adalah analisis regresiolinier berganda. Sebelum melakukan analisis regresi linier berganda, terlebih dahulu melakukan uji asumsi klasik yang meliputi uji normalitas, uji multikolinier, uji autokorelasi, uji heteroskedastisitas. Hasil penelitian ini menunjukkan bahwa ROA berpengaruh signifikan terhadap Return Saham, PER tidak berpengaruh signifikan terhadap Return Saham dan Eva juga tidak berpengaruh signifikan terhadap Return Saham. Kata Kunci: Return On Assets (ROA); Price Earning Ratio (PER); Economic Value Added (EVA)

Is refined economic value added more associated with stock return than accounting measures? The Malaysian evidence

2016 ◽  
Vol 38 (1) ◽  
pp. 69-85
Author(s):  
Habibollah Nakhaei ◽  
Nik Intan Norhan Hamid ◽  
Melati Ahmad Anuar ◽  
Karim Nakhaei
Keyword(s):  
Stock Returns ◽  
Information Content ◽  
Regression Models ◽  
Stock Return ◽  
Economic Value ◽  
Value Added ◽  
Economic Value Added ◽  
Incremental Information ◽  
Multiple Regression Models ◽  
Traditional Performance

The paper tests the hypothesis on whether refined economic value added (REVA) is highly associated with stock return compared to traditional performance measures. The goal of the study is to provide empirical evidence on the relative and incremental information content of REVA and traditional performance measures, such as net income (NI), net operational profit after tax (NOPAT), and earning per share (EPS). The study involves 395 non-financial companies listed in Bursa Malaysia over the period of 2002–2011. Pearson correlation coefficient and panel data single and multiple regression models were employed to analyze the data. The empirical results indicate that the relative information content of the REVA was not greater than that of NI and NOPAT to explain stock returns. NI and NOPAT were highly correlated with stock return compared to REVA. Additionally, the incremental information content test indicated that REVA makes some additional contribution to information content beyond the NI, NOPAT, and EPS. Finally, the panel multiple regression models showed that there was a strong relationship between NI, NOPAT, and REVA with stock return, but there was no meaningful association between EPS and stock returns. Overall, the results do not support the hypothesis that REVA can be considered superior to traditional accounting measures in association with stock returns.

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.

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