EVALUASI KINERJA PERUSAHAAN MANUFAKTUR SEBELUM DAN SAAT KRISIS KEUANGAN GLOBAL DENGAN PENDEKATAN ECONOMIC VALUE ADDED DAN RETURN ON INVESTMENT

• Main Authors: , Andri Hidayat, , Prof. Dr. Indra Wijaya Kusuma, MBA
• Format: Theses and Dissertations NonPeerReviewed
• Published: [Yogyakarta] : Universitas Gadjah Mada 2012
• Subjects: ETD
• Online Access: https://repository.ugm.ac.id/98166/; http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=52094
• Institution: Universitas Gadjah Mada

Global financial crisis at end of 2007 not only gave impact on banking & property industry but also on other sector such as manufacture industry. Manufacture is one of the industries which have the biggest contribution in work field for Indonesian. The performance of companies in that sector need to be measured and evaluated in order to find out successful rate of managing company in any condition. Good performance of a company is expectation of all parties, not only internal but also external parties such as investors. Economic Value Added (EVA) and Return on Investment (ROI) are tools that can be used to measure performance of management. Positive EVA means management can create value added to the company and vice versa. Positive ROI means management can give expected return and vice versa. This research use the t-test in order to evaluate management performance of manufacture companies to find whether financial crisis give impact on performance. Performance evaluation using EVA seems more realistic than ROI because EVA considers the working capital. The result of the test shows that using EVA, financial crisis give positive impact on performance of manufacture companies especially on metal and textile industries. ROI analysis shows financial crisis has no impact on performance of manufacture companies.