The Effect Of Net Working Capital and Good Corporate Governance on Working Performance of Companies By Economic Value Added (Eva) Measurement in the Goods Consumer Sector Companies Listed in Idx 2014-2016

Abstract

This study aimed to analyze the influence of net working capital and ownership structure against company performance measured by economic value added (EVA). The research object was consumer goods companies listed on Indonesia Stock Exchange from 2014 to 2016. The dependent variable of this study was company performance, and the independent variables were net working capital, managerial ownership, and foreign ownership. Statistical analysis tools used in this research were multiple linear regression and test using STATA for Windows version 12,4. The results show that variable concentration of foreign ownership significantly influences economic value-added while net working capital and managerial ownership did not significantly influence economic value added.