PENGARUH ECONOMIC VALUE ADDED (EVA) DAN EVA MOMENTUM TERHADAP RETURN DAHAM PADA PERUSAHAAN MANUFAKTUR YANG TERCATAT DI BURSA EFEK INDONESIA

• Main Authors: , Ika Loekita Ningdyah, , Ertambang Nahartyo, Phd.
• Format: Theses and Dissertations NonPeerReviewed
• Published: [Yogyakarta] : Universitas Gadjah Mada 2012
• Subjects: ETD
• Online Access: https://repository.ugm.ac.id/99633/; http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=55905
• Institution: Universitas Gadjah Mada

This study examines the effects of Economic Value Added (EVA) and EVA Momentum on Stock Return as a measure of firms� performance and investors� wealth creation. These methods are then compared in terms of its ability in explaining the Stock Return. EVA Momentum are new methods of firms� performance measurement constructed on the basis of EVA. EVA is the traditional method of firms� performance widely used currently. EVA Momentum are argued to have better ability in explaining the variance of investors� wealth creation compared to the two traditional methods. This study employs simple linear regression to examine the effect of Economic Value Added (EVA) and EVA Momentum on Stock Return. The data used in this study is the Stock Price data and financial data of manufacture firms listed in the from 2007 to 2010 period in the Indonesia Stock Exchange. The result of the study shows that EVA and EVA Momentum do not have significant effects on stock return.