Jurnal Mantik
Vol. 7 No. 4 (2024): February: Manajemen, Teknologi Informatika dan Komunikasi (Mantik)

Economic Value Added (EVA) And Market Value Added (MVA) As Financial Performance Measurement Tools (Study Of Telecommunication Companies On The IDX 2018-2022)

Okta Alvioni (Bengkulu University, Indonesia)
Sri Adji Prabawa (Bengkulu University, Indonesia)



Article Info

Publish Date
28 Feb 2024

Abstract

Economic Value Added (EVA) and Market Value Added (MVA) are important for measuring financial performance based on value. The purpose of this study is to analyze and measure the financial performance of Telecommunication Companies listed on the IDX using the Economic Value Added and Market Value Added methods in 2018- 2022. The results showed that based on the analysis of the company's financial performance with the EVA method, the companies TLKM, ISAT, EXCL, TBIG, TOWR, BALI, LINK and IBST have an average positive value, which means that the company has succeeded in creating economic added value for the company. While the average FREN company shows a negative EVA value which explains that the company cannot provide economic added value to the company. In the analysis of the company's financial performance with MVA, the companies TLKM, ISAT, EXCL, TBIG, TOWR, BALI, LINK, and IBST for the period 2018 – 2022 produce positive values, so the management shows good performance and has been able to create and add wealth for shareholders and the company. Meanwhile, the FREN company during the 2018-2022 period shows a negative value where management is unable to create or increase wealth for shareholders

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Journal Info

Abbrev

mantik

Publisher

Subject

Computer Science & IT Economics, Econometrics & Finance Languange, Linguistic, Communication & Media

Description

Jurnal Mantik (Manajemen, Teknologi Informatika dan Komunikasi) is a scientific journal in information systems/informati containing the scientific literature on studies of pure and applied research in information systems/information technology,Comptuer Science and management science and public ...