Pengaruh Economic Value Added (Eva) Dan Market Value Added (Mva) Terhadap Return Saham

Amna, Luke Suciyati

doi:10.36448/jak.v11i1.1395

Cited by 10 publications

(11 citation statements)

References 0 publications

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“…MVA can also be said as a reflection of the shareholders expectations of the company in creating wealth in the future. Amna (2020) in her research, found that MVA significantly effects stock returns. In line with this results, Nugroho (2018) found that partially EVA has significant positive relationship to stock prices and return stock.…”

Section: Proposed Hypothesismentioning

confidence: 91%

Performance Appraisal of Tourism Sub Sector Companies In Indonesia Sharia Stock Index In the Period Of 2018-2020

Maulana

Hastuti

Harahap

et al. 2022

elbarka

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Introduction/Main Objectives: In financial statements, there is some data information needed to assess a company's financial performance. The study aimed to analyze the influence of financial performance assessments using EVA and MVA on abnormal returns of shares in tourism sub-sector companies listed in Indonesia Sharia Stock Index (ISSI) during the period 2018-2020. Background Problems: Although many previous studies have measured financial performance using the EVA and MVA methods, there is still limited use of EVA and MVA methods in tourism sector companies particularly listed in Islamic stock exchange. Novelty: The concept of economic value added (EVA) and market value added (MVA) become an alternative to performance measurement. Research Methods: This research is descriptive quantitative research with secondary data used as data collection technique. Dependent variable is abnormal stock return while independent variables used were EVA and MVA. Data was retrieved from Indonesian stock exchange web and 17 tourism sub-sector companies registered with ISSI during the period 2018-2020. Panel data regression with E-views tool employed as analysis technique. Finding/ Results: The study found that the coefficient sign for the EVA is positive and insignificant, while MVA is significant in affecting abnormal stock return. This indicates increasing in MVA will be causing increasing in abnormal return stock. Simultaneously, EVA & MVA have influence on abnormal stock return of the studied companies in Indonesia. The study suggests that investors can might consider MVA as an important factor in decision before purchasing their potential stock, also consider the importance of MVA impact on abnormal return as the basis of government’s related policy determinant.

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Section: Proposed Hypothesismentioning

confidence: 91%

Performance Appraisal of Tourism Sub Sector Companies In Indonesia Sharia Stock Index In the Period Of 2018-2020

Maulana

Hastuti

Harahap

et al. 2022

elbarka

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“…Financial reporting analysis is a thorough review of a company's money management and can be used to describe the health status of a company (Muizudin & Utiyati, 2015;Trianto, 2017). Financial ratios are divided into five categories: liquidity ratio, activity ratio, debt ratio, profitability ratio, and market value ratio (Amna, 2020) (Fiah Setyawan, 2023Tampubolon, 2015).…”

Section: Financial Statement Analysismentioning

confidence: 99%

Determinants of Financial Performance in Coal Mining Industry Companies Listed on the Bei in 2021-2022

Prayogo,

Amna,

Nilwan

2024

CASHFLOW

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The reason for this research is to test the effects of financial ratios such as Current Ratio, Debt to Equity Ratio, SIZE, and Return on Equity on the financial work of companies listed on the IDX in 2021-2022. Current Ratio, Debt to Equity Ratio, Return on Equity and SIZE as independent variables are used in this study, with ROA as the dependent variable. The population in this study is coal companies listed on the IDX in 2021-2022 using participants as many as 60 companies. The technique used in this study is known as purposive sampling (the process of determining the sample based on certain conditions). The type of information utilized in his research is secondary information obtained on the Indonesia Stock Exchange (IDX) for 2021-2022. The results of this study show that the Current Ratio has a positive insignificant impact on financial performance, the Debt to Equity Ratio variable has a negative insignificant impact on financial performance, the Return On Equity variable has a significant positive impact on financial performance and the SIZE variable has a positive insignificant impact on financial performance.

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“…Kinerja keuangan adalah analisis yang dilakukan untuk melihat sejauh mana suatu perusahaan melaksanakan aturan-aturan pelaksanaan keuangan secara baik dan benar. Kinerja keuangan merupakan suatu upaya untuk memperoleh hasil melalui operasional perusahaan yang terdiri dari berbagai kegiatan dengan membantu pimpinan meningkatkan efektifitas kerja karyawan dan tentunya dengan memberikan imbalan yang sesuai [1,4,8,18].…”

Section: Kinerja Keuanganunclassified

Analisis Kinerja Keuangan Menggunakan Metode EVA dan MVA Terhadap Return Saham Yang Dimoderasi Oleh Ukuran Perusahaan

Permatasari,

Gunarto

2024

JISMAB

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Research aim: This study was structured to analyze the effect of financial performance using the EVA and MVA methods on stock returns by including company size as a moderating variable. Design/Methode/Approach: The study uses a quantitative approach. The population of this study is food and beverage sub-sector companies listed on the Indonesia Stock Exchange (IDX) for the 2021-2022 period, using a purposive sampling technique to obtain a total sample of 27 companies and analyzed with the SEM-PLS approach to test the hypothesis. Research Finding: The results of the study found that company performance significantly affects stock returns using the EVA and MVA methods. However, firm size does not affect stock returns, so the variable firm size cannot moderate financial performance using the EVA and MVA methods on stock returns. This proves that the company has not been able to create added value, and company size cannot determine the continuity of a company's business. Theoretical contribution/Originality: Research is expected to expand knowledge in the field of finance and can be used as a reference in conducting further research. Practitioner/Policy implication: The study's results are expected to be a consideration and input in improving performance, especially in making policies oriented to increasing corporate value in the future. Research limitation: The research is only limited to Economic Value Added (EVA) and Market Value Added (MVA) variables; there are still many interesting value-added variables that can motivate future researchers to use other variables such as the Cash Value Added method, Refined Economic Value Added, Financial Value Added and so on.

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Pengaruh Economic Value Added (Eva) Dan Market Value Added (Mva) Terhadap Return Saham

Cited by 10 publications

References 0 publications

Performance Appraisal of Tourism Sub Sector Companies In Indonesia Sharia Stock Index In the Period Of 2018-2020

Performance Appraisal of Tourism Sub Sector Companies In Indonesia Sharia Stock Index In the Period Of 2018-2020

Determinants of Financial Performance in Coal Mining Industry Companies Listed on the Bei in 2021-2022

Analisis Kinerja Keuangan Menggunakan Metode EVA dan MVA Terhadap Return Saham Yang Dimoderasi Oleh Ukuran Perusahaan

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