Analisin Pengaruh Kinerja Keuangan Perusahaan dengan Metode Economic Value Added (EVA) dan Market Value Added (MVA) terhadap Harga Saham Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia Periode 2009-2012

Abstract

The aim of this study was to identify and analyze financial performance with Economic Value Added (EVA) and Market Value Added (MVA) which have an impact on the stock price in banking companies that are listed in the Indonesia Stock Exchange. This study used the secondary data from the website of the Indonesia Stock Exchange, www.idx.co.id, using 21 of 32 companies in banking during 2009- 2012. The variables of this study consisted of EVA and MVA as independent variables, and stock price as the dependent variable. This study used level of significant 5%. In order to analyze data has been used multiple regression model. The results showed that EVA and MVA simultaneously have a positive and significant effect on stock price in banking companies listed in the Indonesia Stock Exchange. The partial test (t-test) showed that EVA haven’t significant positive effect on stock prices, and MVA have significant positive effect on stock prices in banking companies that are listed in the Indonesia Stock Exchange.