ECONOMIC VALUE ADDED (EVA) DAN PENGARUHNYA TERHADAP HARGA SAHAM PERUSAHAAN GO PUBLIK DI BURSA EFEK JAKARTA

NOVI KARUNIA PRAWETI

Abstract



This research is a case study at cigarette manufacturer companies listed in JSX entittled ? EVA and it?s effects ti stock price of cigarette manufacturer companies those are go public in JSX.
The aim of the research is to know about implementation of EVA concept in measuring financial performance of company and to know weather increase and decrease of EVA effecting to stock price.
The kind of research use in this research is causal-comparative that is observe the causal relation ship. Data use in this research is secondary data that is data about research objects optained from prospectus by data collecting technic use in documentation, that is by listing files or documents of the companies listed in Jakarta Stock Exchange. Data analiyzing technic by using quantitative analyze.
The result of EVA calculation to PT. Gudang Garam and PT.HM.Sampoerna in the years of 1997 and 1998 has not made economical value added because the calculation of EVA is negative. Mean while for the years of 1999,2000,2001 has made economic value added. Because is calculation positive. For PT.BAT.Indonesia of 1997 has not made economic value added, and since the years of 1998,1999,2000,2001 PT.BAT.Indonesia has made economic value added because its EVA calculation is positive. To know weather EVA effects to stock price then it is done hypothetical test by t test and also f-test .
From the calculation result above it show that the EVA concept is better in valuating performance of firm, Because EVA pays in detail about expectation of fund donators creditors and stock holder. But EVA could not being use to predict about stock price increase.

 

Keyword : EVA; Harga Saham; Bursa Efek

 

Link Terkait : http://skripsi.umm.ac.id/files/disk1/31/jiptummpp-gdl-s1-2004-novikaruni-1502-Pendahul-n.pdf


Keywords


EVA; Harga Saham; Bursa Efek