ANALISIS PENGARUH PENILAIAN KINERJA DENGAN RETURN ON INVESTMENT (ROI), OPERATING CASH FLOW (OCF), DAN ECONOMIC VALUE ADDED (EVA) TERHADAP RETURN SAHAM PADA PERUSAHAAN MANUFAKTUR YANG TERMASUK LQ 45

Ngizatul Ullum

Abstract


As for research type used by explanatory research which is the effects one variable with the explain other variables. This research takes a little “The influence Return on Invesment (ROI), Operating Cash Flow (OFC), and Economic Value Added (EVA) to Stock Return at manufacturing company whish LQ 45.
Period which used in this research take on 1999-2002. Intention of this research is to test influence of among ROI, OCF, and EVA to stock return.
Based on the background of this research and the theory, the writer take two hypothesis, there are ROI, OCF, and EVA have on influence to stock return and OCF has a dominant influence to stock return.
Analysis technique used is regression analysis, test clssic assuption while its hypothesis explanation done with F test and t test.
Result of research which classic assumption test indicates that data not there are autocorrelation, heterokedesitas, multikulinearitas and normal distribution. Pursuant to result of examination by simultan with F test seen that ROI, OCF and EVA don’t have an effect to stock by F account (0,696) < F table (3,344).
If t tested by partial with t test seen that ROI don’t have effect significanly to stock return by t account (0.425) < t table (1,771), OCF don’t have an effect significanlu to stock return bay t account (-1.240) < t table (1,771) and EVA don’t have an effect significanlu to stock return bay t account (0,175) < t table (1,771).
Based on result of this research can take conclusion are ROI, OCT, OCF and EVA by simultan or partial don’t have an effect significanly to stock return.

 

Keyword : penilaian kinerja; return on investment; operating cash flow; economic value added; return saham; perusahaan manufaktur lq 45

 

Link Terkait : http://skripsi.umm.ac.id/files/disk1/21/jiptummpp-gdl-s1-2004-ngizatulul-1019-pendahul-n.pdf

Keywords


penilaian kinerja; return on investment; operating cash flow; economic value added; return saham; perusahaan manufaktur lq 45