JURNAL EKOBIS DEWANTARA
Vol 1 No 10 (2018): JURNAL EKOBIS DEWANTARA

PENGARUH ECNOMIC VALUE ADDED DAN MARKET VALUE ADDED TERHADAP RETURN SAHAM DENGAN BIAYA MODAL SEBAGAI INTERVENING PADA PERUSAHAAN MAUFAKTUR SUB SEKTOR INDUSTRI BARANG KONSUMSI LQ45 DI BURSA EFEK INDONESIA TAHUN 2014-2016

RISHA APRYLIA HASTUTI (Unknown)



Article Info

Publish Date
21 Dec 2018

Abstract

This study aims to test empirically the influence of Economic Value Added and Market Value Added on Stock Return with Capital Cost as Intervening in the company of manufacturing sector sub sector of consumer goods industry LQ45 listed in Indonesia Stock Exchange. Period used in this study is 3 (three) years, ie from 2014-2016. This study includes correlation research, which is a causal relationship. Between independent variables of economic value added (EVA), market valueadded (MVA) to stock depende return variable with capital cost as intervening at company LQ45 year 2014-2016. This study aims to examine the effect of EVA, MVA, Capital Cost and Return of stock. Data in the form of figures obtained from sempel population research is analyzed by statistical methods and then interpreted. Based on data analysis result by using partial test (t test). Economic Value Added has a significant positive effect on stock return. Market Value Added has a significant positive effect on stock return. Capital Cost has a significant negative effect on stock return. Economic Value Added has a significant positive effect on capital cost. Market Value Added has a significant positive effect on capital cost. Path Analysis (Path Analisys) The magnitude of the indirect effect is no greater than the direct effect. So it can be concluded that Capital Cost does not become Intervening Variable

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Journal Info

Abbrev

ekobis

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Jurnal Ekobis Dewantara Fakultas Ekonomi berfokus pada artikel penelitian tentang topik Manajemen Keuangan, MSDM, Manajemen Strategi, dan Manajemen ...