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Analysis of the Effect of Economic Value Added (EVA), Market Value Added (MVA), Financial Value Added (FVA), and Return on Investment (ROI) on Stock Prices

Authors :
Yulva Maulit Diana
Sriyono Sriyono
Source :
Academia Open. 7
Publication Year :
2022
Publisher :
Universitas Muhammadiyah Sidoarjo, 2022.

Abstract

This study was conducted to analyze the effect of Economic Value Added (EVA), Market Value Added (MVA), Financial Value Added (FVA) and Return On Investment on Stock Prices in Construction Companies listed on the Indonesian Stock Exchange 2014-2018. The sampling technique used was purposive sampling and the number of samples used was 12 companies. The variables used in this study are the variables Economic Value Added (EVA), Market Value Added (MVA), Financial Value Added (FVA) and Return On Investment as independent variables and stock prices as the dependent variable. The analytical method used is using multiple linear regression analysis. The results of this study indicate that Economic Value Added has a significant negative effect on stock prices, Market Value Added (MVA) and Financial Value Added have a significant positive effect on stock prices, Return On Investment has no effect on stock prices.

Subjects

Subjects :
General Medicine

Details

ISSN :
27147444
Volume :
7
Database :
OpenAIRE
Journal :
Academia Open
Accession number :
edsair.doi...........4dbf14861019b0bcc3188481e5ad3d7a