PENGARUH ECONOMIC VALUE ADDED (EVA) DAN MARKET VALUE ADDED (MVA) TERHADAP RETURN SAHAM PADA PERUSAHAAN FOOD AND BEVERAGE YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2013-2017

  • Mega Arum STIE Banten

Abstract

The research method used in this research is descriptive quantitative. The type of data used is secondary data. The population in this research is the financial statements of Food and Beverages company listed in indonesia stock exchange the period 2013-2017. The technique of selecting the sample of this research using purposive sampling thecnique that is with consider certain criteria by selecting the sample used as the object of research. Data analysis techniques used are descriptive statistics, normality test, multiple regression analysis, coefficient of determination and hypothesis testing using t test.

Based on hypothesis test of Economic Value Added (EVA) tcount > ttable (-2,720 > -2,011) and significant < α (0,009 < 0,05) so that a significant negative effect on stock returns and hypothesis test Market Value Added (MVA) Tcount > Ttable (-4,728 > -2,011) and significant < α (0,000 < 0,05) so that a significant negative effect on stock returns. F test is fcount Fcount < Ftable (11,800 >  3,20) and Sig F < α ( 0,000 < 0,05) so Economic Value Added (EVA) and Market Value Added (MVA) simultaneously influential and significant to stock return.

Based on the coefficient of determination (Adjusted R Square) of 0,334. So as much as 33,4% Stock return is influenced by Economic Value Added (EVA) and Market Value Added (MVA), while the remaining 66,6 % is caused by other variables beyound the model not examined in this research

Published
2020-01-30