Pengaruh Economic Value Added, Market Value Added, Likuiditas, dan Ukuran Perusahaan terhadap Harga Saham

Octaviany, None Wilsa; Prihatni, Rida; Muliasari, None Indah

doi:10.21009/japa.0201.06

Cited by 7 publications

(16 citation statements)

References 3 publications

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“…Berikut ini grafik yang menunjukan hasil ratarata pada perusahaan Sub Sektor Peralatan Rumah Tangga yang terdaftar di Bursa Efek Indonesia periode 2014-2021. Banyak temuan hasil studi antara Economic Value Added, Market Value Added dan Return On Asset seperti yang diteliti oleh (Andrinaldo et al 2020), (Satwiko and Agusto 2021), (Wilsa, Rida, and Indah 2021) dan (Mizan 2018). Namun, penelitian-penelitian mereka pada umumnya membahas kegiatan variabel terkait indikator secara langsung.…”

Section: Pendahuluanunclassified

“…Hasil penelitian ini mendukung penelitian yang dilakukan oleh (Mardiyanto 2013), (Nurlita and Robiyanto 2018), (Poluan, Octavianus, and Prabowo 2019), memperoleh hasil bahwa secara parsial variabel EVA berpengaruh terhadap harga saham. Hasil Penelitian ini bertentangan dengan penelitian yang dilakukan oleh (Agnatia and Amalia 2018), (Wilsa, Rida, and Indah 2021), (Jaunanda et al 2022), dan (Dasuki et al 2023) menunjukkan bahwa EVA tidak berpengaruh positif dan signifikan terhadap harga saham.…”

Section: Pengaruh Komponen Return On Asset Dapat Memoderasi Pengaruh ...unclassified

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Pengaruh Economic Value Added (EVA) dan Market Value Added (MVA) Terhadap Harga Saham dengan Return On Asset (ROA) Sebagai Pemoderasi

Rimbano,

Andrinaldo,

Idayati

et al. 2024

Owner

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The purpose of this study was to analyze the effect of Economic Value Added (EVA and Market Value Added (MVA), on Stock Prices with Return On Asset (ROA) as a Moderating Variable in Household Appliances Sub-Sector Companies Listed on the Indonesia Stock Exchange (IDX). The independent variables used are Economic Value Added (EVA and Market Value Added (MVA). The dependent variable used is stock prices. The moderating variable used is Return On Asset (ROA). The population in this study is the Household Appliance Sub-Sector companies listed on the Indonesia Stock Exchange (IDX) in the 2000-2021 period. The sampling method used was purposive sampling method with a sample of 6 companies during the 8 year observation period. The analytical method of this study uses quantitative and moderating regression analysis. The results of this study indicate that EVA has a significant effect on stock prices. Meanwhile, ROA with EVA and MVA as moderating variables have a significant effect on stock prices.

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Section: Pendahuluanunclassified

Section: Pengaruh Komponen Return On Asset Dapat Memoderasi Pengaruh ...unclassified

Pengaruh Economic Value Added (EVA) dan Market Value Added (MVA) Terhadap Harga Saham dengan Return On Asset (ROA) Sebagai Pemoderasi

Rimbano,

Andrinaldo,

Idayati

et al. 2024

Owner

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“…Hal ini dapat menjadi tolak ukur investor dalam melihat seberapa likuid posisi perusahaan. Penelitian mengenai dampak likuiditas terhadap ketepatan prediksi saham pernah dilakukan oleh (Octaviany et al, 2021) hasilnya menunjukkan bahwa likuiditas tidak mempengaruhi ketepatan prediksi saham. Dan juga menurut Islamiah & Suwardi, (2022) menyatakan bahwa likuiditas tidak mempengaruhi kepetapatan prediksi harga saham.…”

Section: Pengaruh Likuiditas Terhadap Ketepatan Prediksi Sahamunclassified

“…Hal ini sejalan dengan penelitian Wiryaningtyas (2020) yang menyatakan bahwa likuiditas berpengaruh terhadap ketepatan prediksi saham. Tetapi tidak sejalan dengan Octaviany et al (2021) serta Islamiah & Suwardi (2022) bahwa likuiditas tidak berpengaruh terhadap ketepatan prediksi saham.…”

Section: Uji Pemilihan Model Terbaikunclassified

Pengaruh Likuiditas Dan Cash Flow Operation Terhadap Nilai Perusahaan serta dampaknya Terhadap Ketepatan Prediksi Saham

Sitorus

Syahputra

2023

j.akunt. Manaj.

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The impact of liquidity and cash flow operations on firm value and on the accuracy of stock predictions is the goal of this research. This study also examines the impact of liquidity and cash flow operations on the accuracy of stock predictions through firm value. The research sample consisted of 40 companies listed on the Indonesia Stock Exchange in 2019-2021 in the food and beverage and information technology sectors. The research model was tested by path analysis, using Stata software to test the direct and indirect effects. The results of the study prove that liquidity has a positive and significant effect on firm value. Cash flow operations have no effect and are negative on company value. The accuracy of stock predictions has a positive and significant effect on firm value. Liquidity has a positive and significant effect on the accuracy of stock predictions. Cash flow operations have no positive effect on the accuracy of stock predictions. Firm value is able to mediate a positive and significant relationship between liquidity and the accuracy of stock predictions. Firm value is not able to mediate and there is a negative relationship between cash flow operations and the accuracy of stock predictions.

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“…Moreover, Sartono and Setiawan also found in their research that EVA does not have a significant relationship to MVA and abnormal returns as indicators of stock price movements (Sartono & Setiawan, 1999). Octaviany et al (2020) in their research discussing the influence of EVA, MVA, liquidity, and company size on stock prices. Their research showed that MVA and company size effect stock prices, while EVA and Liquidity have no effect on stock prices.…”

Section: Introductionmentioning

confidence: 99%

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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Pengaruh Economic Value Added, Market Value Added, Likuiditas, dan Ukuran Perusahaan terhadap Harga Saham

Cited by 7 publications

References 3 publications

Pengaruh Economic Value Added (EVA) dan Market Value Added (MVA) Terhadap Harga Saham dengan Return On Asset (ROA) Sebagai Pemoderasi

Pengaruh Economic Value Added (EVA) dan Market Value Added (MVA) Terhadap Harga Saham dengan Return On Asset (ROA) Sebagai Pemoderasi

Pengaruh Likuiditas Dan Cash Flow Operation Terhadap Nilai Perusahaan serta dampaknya Terhadap Ketepatan Prediksi Saham

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

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