Non-Interest Income and Financial Performance of Selected Deposit Money Banks in Nigeria

This study examined the effect of e-banking income, fee income, and firm size on market value added of Deposit Money Banks in Nigeria. The eight banks categorised by Central Bank of Nigeria in 2014 to be Domestic Systematically Important banks were selected using the purposive sampling technique. Data collected from the annual reports and accounts and the Nigerian Stock Exchange website respectively for a period of 11 years (2008-2018) was used. The descriptive statistics and econometric analysis were employed using the Panel Data Analysis method. Findings from the study revealed that e-banking income and fee income each has a significant positive effect on market value added of DMBs in Nigeria. The study recommends that banks in Nigeria should further develop its internet and other electronic platforms that can improve its income from e-banking operations since e-banking income is shown to be a strong and emerging component that boosts banks' performance. Larger and investment-oriented banks should focus on increasing their share of interest income to become more stable.

Download Full-text

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

Kajian Akuntansi ◽

10.29313/ka.v20i2.4852 ◽

2019 ◽

Vol 20 (2) ◽

pp. 200-210 ◽

Cited By ~ 1

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.

Download Full-text

Pengaruh Profitabilitas, Kualitas Laba Dan Keputusan Investasi Terhadap Nilai Perusahaan

JURNAL EKSPLORASI AKUNTANSI ◽

10.24036/jea.v2i4.321 ◽

2020 ◽

Vol 2 (4) ◽

pp. 3828-3839

Author(s):

Reza Refki Tanggo ◽

Salma Taqwa

Keyword(s):

Data Analysis ◽

Firm Value ◽

Stock Exchange ◽

Earnings Quality ◽

Investment Decisions ◽

Sampling Technique ◽

Total Sample ◽

Manufacturing Companies ◽

Analysis Method ◽

Positive Effect

The purpose of this study was to analyze: (1) The effect of profitability on firm value. (2) The effect of earnings quality on firm value. (3) The effect of investment decisions on firm value. The population in this study are all manufacturing companies listed on the Indonesia Stock Exchange (BEI) in 2014-2018. While the sampling technique in this study is using purposive sampling technique with a total sample of 300 samples. The data analysis method used is multiple regression using SPSS 25 software. The results of this study indicate that: (1) profitability has a positive and significant effect on firm value with a significance of 0.000 < 0.05. (2) earnings quality has a positive and insignificant effect on firm value with a significance of 0.757 > 0.05. (3) investment decisions have a positive effect and not on the value of the company with a significance of 0.418 > 0.05

Download Full-text

Pengaruh Corporate Social Responsibility (CSR) Pada Market Value Added (MVA) Perusahaan Manufaktur Dan Pertambangan

Jurnal Manajemen Teori dan Terapan | Journal of Theory and Applied Management ◽

10.20473/jmtt.v6i2.2664 ◽

2016 ◽

Vol 6 (2) ◽

Author(s):

Rezi Setin Novian ◽

Santi Novita

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Information Disclosure ◽

Value Added ◽

Market Value ◽

Social Aspects ◽

Market Value Added ◽

Csr Disclosure ◽

Corporate Social ◽

Positive Effect

Along with the increase of information disclosure needs by stakeholder, the companies are not only demanded to be responsible for merely economic aspect but also environmental and social aspects. The objective of this research to provide the evidence of the effect of Corporate Social Responsibility (CSR) disclosure to the companies performance using Market Value Added (MVA). The research is using manufacturing and mining companies that listed in Bursa Efek Indonesia (BEI) from the year 2007 to 2011 as samples. The hypothesis was tested using t test and the result of this study is Corporate Social Responsibility (CSR) has positive effect on Market Value Added (MVA).

Download Full-text

Pengaruh Intellectual Capital Terhadap Kinerja Keuangan Perusahaan (Studi Empiris pada Perusahaan yang Terdaftar di BEI serta Mendapatkan Penghargaan Best of The Best Companies Versi Majalah Forbes di Indonesia atas Laporan Keuangan 2015-2016)

Paediatrica Indonesiana ◽

10.24036/wra.v6i1.101936 ◽

2018 ◽

Vol 6 (1) ◽

pp. 1117

Author(s):

Karina Saraswati ◽

Erinos NR

Keyword(s):

Human Capital ◽

Intellectual Capital ◽

Stock Exchange ◽

Value Added ◽

Sampling Technique ◽

Significant Positive Effect ◽

Capital Asset ◽

Structural Capital ◽

Positive Effect ◽

Capital Value

The aims of this study to determine how much the influence about intellectual capital (VACA, VAHU, STVA) on financial performance (ROA). The population in this study were go public companies that listed in the Stock Exchange and get the Best Of The Best Companies award by Forbes magazine in Indonesia for the 2015-2016 financial statements. The sampling technique in this study was conducted by purposive sampling technique. Based on the determined criteria obtained 36 samples from 79 existing populations. This study used multiple regression analysis to see the effect of several independent variables to the dependent variable. The results of the study conclude that the Value Added Capital Asset has no effect on ROA, Value Added Human Capital has a significant positive effect on ROA, and the last is Structural Capital Value Added has a significant positive effect on ROA.Keywords: Value Added Capital Asset, Value Added Human Capital, Structural Capital Value Added, ROA

Download Full-text

The Relationship Between Financial Flexibility and Market Value Added: The Mediation Effect Role of the Corporate Size (A Practical Study on a Sample of Jordanian Industry Sector Firms)

International Journal of Economics and Finance ◽

10.5539/ijef.v13n1p52 ◽

2020 ◽

Vol 13 (1) ◽

pp. 52

Author(s):

Arshed Fouad Altameemi

Keyword(s):

Firm Size ◽

Stock Exchange ◽

Value Added ◽

Market Value ◽

Mediation Effect ◽

Financial Flexibility ◽

Corporate Size ◽

Market Value Added ◽

The Relationship

The current study aims at testing the effect of ‘Financial Flexibility’ (FF) on the market value-added by the firm size as a mediator variable. This study’s statistic sample consists of 26 companies listed on the Amman stock exchange from 2010 to 2019. The FF and market value-added are independent and dependent variables, respectively. The data analysis was done by the Baron - Kenny methodology (1986) and Sobel-Test to analyze the hypothesizes based on the corporate size’s mediation effect role. The results concluded from the study of the effect of the company size on the relationship between FF and market value-added stated that the FF has a positive statistically significant impact, and there a partial mediation of the firm size effect upon this relationship due to the mediation effect is statistically significant based on Sobel test.

Download Full-text

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

El Dinar ◽

10.18860/ed.v1i02.2521 ◽

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

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.

Download Full-text

Analisis Pengaruh Likuiditas, Solvabilitas, dan Profitabilitas terhadap Market Value Added (MVA)

Binus Business Review ◽

10.21512/bbr.v3i1.1294 ◽

2012 ◽

Vol 3 (1) ◽

pp. 199

Author(s):

Marsya Aisyana ◽

Yen Sun

Keyword(s):

Positive Impact ◽

Value Added ◽

Market Value ◽

Sampling Technique ◽

Debt Ratio ◽

Return On Equity ◽

Insignificant Effect ◽

Equity Ratio ◽

Market Value Added ◽

Acid Test

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).

Download Full-text

A Longitudinal Study on Dividend Policy and Shareholders’ Wealth Creation of FMCG Sector in India

BSSS Journal of Management ◽

10.51767/jm1101 ◽

2020 ◽

Author(s):

Shruti G Bhatt ◽

Krupa B Bhatt

Keyword(s):

Dividend Policy ◽

Stock Exchange ◽

Value Added ◽

Market Value ◽

Wealth Creation ◽

Entire Study ◽

Significant Difference ◽

Market Value Added ◽

Post Hoc ◽

Brokerage Firms

The key aim of this research article is to analyze the performance of firms through dividend policy variables and shareholders’ wealth creation of the Fast moving consumer goods (FMCG) sector of India. The selected companies comprise of all listed Nifty FMCG Index firms in National stock exchange. The variables like Dividend payout ratio (DPR), dividend yield (DY) and dividend per share (DPS) for dividend policy analysis and Market value added (MVA) were examined over a period of 10 years (2010-2019). Authors used Statistical tools like Spearman’s Correlation, Kruskal Wallis (KW) H test and Post hoc test of Dunn-Bonferroni. Results found that there is a statistically significant and positive relationship between dependent and independent variables. KW test result shows that there is a significant difference between performance of sample firms. Post hoc test also validated the results of Kruskal Wallis test by considering pair wise comparison. Moreover, From the calculation of Market Value added (MVA), it was found that ITC added the highest wealth for its shareholders’ during the entire study period followed by Hindustan Unilever Limited (HUL) and Dabur India Limited. Godrej Industries added positive but lowest market value during the study period. All the selected firms created wealth for their shareholders. The study can be useful to the prospective investors and investment or brokerage firms to make investment decisions for the long term. Moreover, research can be further carried out by considering other areas like operational efficiency, Profitability and so on.

Download Full-text

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

MBIA ◽

10.33557/mbia.v19i3.1138 ◽

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

Download Full-text

Analisis Diversifikasi Perusahaan Terhadap Kinerja Perusahaan pada Beberapa Perusahaan yang Terdaftar di Bursa Efek Indonesia

Jurnal Ilmiah Ekonomi Global Masa Kini ◽

10.36982/jiegmk.v10i1.719 ◽

2019 ◽

Vol 10 (1) ◽

pp. 13

Author(s):

Berta Lestari ◽

Aris Setia Noor

Keyword(s):

Stock Exchange ◽

Linear Regression Analysis ◽

Value Added ◽

Market Value ◽

Total Sample ◽

Analysis Model ◽

Purposive Sampling ◽

Domestic Capital ◽

Market Value Added ◽

Diversified Firms

ABSTRACTCompanies that diversify both low and high have asset sizes that can be used as collateral to facilitate obtaining external funds where high levels of debt pose risks and affect performance. In addition, sales growth that arises due to the success of product development or production as a result of company investment, also affects performance. The purpose of this study was to analyze the company's diversification of the company's performance. In this study the samples used were several companies listed on the Indonesia Stock Exchange (IDX). The sample used in this study is companies that do high diversification except companies in the fields of finance, property, and media that publish financial reports in full and recorded as well as status of Domestic Capital Investors instead of Foreign Investment with a total sample of 100 more companies. Samples were taken using the purposive sampling method. The analytical method used is a multiple linear regression analysis model carried out with the help of the SPSS for windows computer program, Lisrel. Based on the results of the study there are not significant differences between the performance of lowly diversified firms and highly diversified firms of 0.1711 where the Market Value Added average of highly diversified firms is lower than lowly diversified firms. The group of highly diversified firms has lower performance due to several things such as management inefficiency, increased costs due to the complexity of coordination and less responsible actions in carrying out diversification strategies.Keywords : Company Diversification, Company PerformanceABSTRAKPerusahaan yang melakukan diversifikasi baik rendah maupun tinggi memiliki ukuran aset yang dapat dijadikan jaminan untuk mempermudah dalam memperoleh dana eksternal di mana tingkat utang yang tinggi menimbulkan risiko dan mempengaruhi kinerja. Selain itu, pertumbuhan penjualan yang timbul karena adanya keberhasilan pengembangan produk atau produksi sebagai hasil investasi perusahaan, juga mempengaruhi kinerja. Tujuan dari penelitian ini adalah untuk menganalisis diversifikasi tinggi perusahaan terhadap kinerja perusahaan.Dalam penelitian ini sampel yang digunakan adalah beberapa perusahaan yang terdaftar di Bursa Efek Indonesia (BEI). Sampel yang digunakan dalam penelitian ini yaitu perusahaan – perusahaan yang melakukan diversifikasi tinggi kecuali perusahaan bidang keuangan, properti, dan media yang menerbitkan laporan keuangan secara lengkap dan yang tercatat serta berstatus Penanman Modal Dalam Negeri bukan Penanaman Modal Asing dengan sampel total 100 lebih perusahaan . Sampel diambil dengan menggunakan metode purposive sampling. Metode analisis yang digunakan adalah model analisis regresi linear berganda yang dilakukan dengan bantuan program komputer SPSS for windows, Lisrel . Berdasarkan hasil penelitian terdapat perbedaan yang tidak signifikan antara kinerja lowly diversified firms dan highly diversified firms sebesar 0,1711 dimana rata – rata Market Value Added highly diversified firms lebih rendah dibandingkan dengan lowly diversified firms. Kelompok highly diversified firms mempunyai kinerja yang lebih rendah dikarenakan beberapa hal seperti inefesiensi pengelolaan, peningkatan biaya akibat kompleksitas koordinasi dan tindakan yang kurang bertanggung jawab dalam menjalankan strategi diversifikasi.Kata Kunci : Diversifikasi Perusahaan, Kinerja Perusahaan

Download Full-text