ECONOMIC VALUE ADDED DAN MARKET VALUE ADDED DAMPAKNYA TERHADAP NILAI PERUSAHAAN

Abstract

The aim of research was to fi nd out an infl uence of Economic Value Added (EVA) andMarket Value Added (MVA) towards share price of PT. International Nickel Indonesia, tbk (PT.INCO).The secondary data was gathered by capital market information centre (PIPM) Makasar. The data wascultivated by using multiple regression analyze using software SPSS 15.0 for windows. The analysisresult showed that variable independent that consisted of economic value added (EVA) and marketvalue added (MVA) had a simultaneously positive infl uence and signifi cant impact towards sharemarket price of PT. INCO Tbk as variable dependent. Partially, variable EVA (X1) had weak positiveand signifi cant infl uence meanwhile MVA (X2) had strong positive and signifi cant towards share pricePT. INCO, tbk infl uence. Both of variable independent (EVA and MVA) would be able to explain shareprice result (dependent variable) at that time as big as 85%. The other factor which was not studiedin this study that infl uenced social condition was for example share price, policies, economy unstablewith corporate action like stock split, bonus stock distribution, and right issue.