ANALISIS PENGARUH ECONOMIC VALUE ADDED (EVA)TERHADAP HARGA SAHAM PADA PERUSAHAAN KELOMPOK OTOMOTIF DAN ELEMEN YANG LISTING DI BEJ

HENI PURNAWATI

Abstract


The purpose of this research is to discover the performance of PT. Bank Nagara Indonesia (Inc) and PT. Bank Central Asia (Inc). After that, it is aimed to raise comparison by perceiving EVA value from both companies and decide what company has better performance and achievement in relation with the application of Economic Value Added (EVA) concept.
Analysis tool used to know company operational performance is the using of analysis of Economic Value Added (EVA). These are the steps to determine EVA; counting and estimating cost of debt, calculating cost of equity, calculating company stock structure, calculating Weighted Average Capital Cost (WACC) and determining EVA value by reducing cost of capital in net profit after taxation.
The result of counting by using EVA analysis to know the level of company performance indicates that PT. Bank Central Asia (Inc) has better achievement and performance comparing with PT. Bank Nagara Indonesia (Inc). EVA value > 0 or positive indicates that the company is able to create economical additional value. If any company has positive EVA value, the investor can invest their capital in that company.
Based on the above conclusion, researcher can do implementation as mentioned later. First, bank should apply EVA concept as a tool to discover company financial performance in flexible financial situation nowadays, and bank should look at its present financial condition again, because it could raise effect on capital cost. Second, for investors, by using EVA concept, the company performance can be seen through so economical additional value will be found out and it is hoped that the increase in level of return will be present. Third, for government, by using EVA concept, government could release any obligation more easily to company that can provide well-expected return level. Fourth, for other parties, besides being able to apply EVA concept, they can apply performance measuring concept or other methods.

 

Keyword : harga saham; perusahaan otomotif

 

Link Terkait : http://skripsi.umm.ac.id/files/disk1/27/jiptummpp-gdl-s1-2004-henipurnaw-1341-Pendahul-n.pdf


Keywords


harga saham; perusahaan otomotif