ECONOMIC VALUE ADDED DAN MARKET VALUE ADDED TERHADAP RETURN SAHAM

Kartini Kartini, Gatot Hermawan

Abstract


This research purposes were to prove the hypothesis consisted of: (1) EVA which hada positive correlation to the stock return, (2) MVA which had a positive correlation to the stockreturn. This research used regression analysis to find how much the contribution of theindependent variable in influencing the stock return was. Data used in this research was asecondary data provided by Jakarta Stock Exchange (JSX) since 2005 until 2006. The type ofdata analyze was manufacturing companies sub consumers goods, from 2005 to 2006. Theconclusion of this research was that EVA and MVA did not significantly influence the stockreturn. This was proved by the evidence of the Fstatistic which was lower than the Ftable(1,075<3,15) and the significance was more than 0.05 (r>0.05). EVA did not positively correlateto the stock return. It was proved by the significances of 0,695 higher than 0.05 (p>0,05). MVAdid not positively correlate to the stock return. It was proved by the significances of 0,238higher than 0.05 (p>0,05).

Keywords


Economic Value Added, Market Value Added, stock return

Full Text: pdf

Refbacks

  • There are currently no refbacks.




rsz_22nd_colloquium_uns

 

Jurnal Keuangan dan Perbankan (Journal of Finance and Banking)

Diploma Program of Banking and Finance, Faculty of Economics and Business, University of Merdeka Malang

Published by University of Merdeka

Mailing Address:

2nd floor Finance and Banking Building, Jl. Terusan Raya Dieng No. 57 Malang, Indonesia
Phone: +628123321664
Email: jkpunmermlg@yahoo.com

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0