JAB (Jurnal Akuntansi dan Bisnis)
Vol 11, No 01 (2025): Edisi Juni 2025

Analisis Pengaruh Economic Value Added, Market Value Added, dan Return Saham Terhadap Price to Book Value

Kumairoh, Rini (Universitas PGRI Semarang)
Widiastuti, C. Tri (Universitas Persatuan Guru Republik Indonesia Semarang)
Setiawati, Ira (Universitas Persatuan Guru Republik Indonesia Semarang)



Article Info

Publish Date
10 Jun 2025

Abstract

This research seeks to assess the influence of Economic Value Added, Market Value Added, and Stock Returns on the Price to Book Value of energy sector firms listed on the Indonesia Stock Exchange from 2021 to 2023.  The used technique is a quantitative approach using a causal-comparative research design.  This study employs secondary data obtained from the financial statements of energy sector firms, available on the official websites of IDX and Indopremier.com. “The population of this research comprises all energy sector businesses listed on the IDX, whereas the sample consists of 38 companies chosen using a purposive selection procedure based on particular criteria.  This research identifies Economic Value Added (X1), Market Value Added (X2), and stock returns (X3) as independent variables, with Price to Book Value (Y) serving as the dependent variable.  Panel data regression, classical assumption evaluations, t-tests, and coefficient of determination analyses are used for data analysis.  Data processing is conducted with EViews 12 software.  The study's findings reveal that Economic Value Added does not significantly influence Price to Book Value, whereas Market Value Added and stock returns do have a considerable impact on Price to Book Value.  Keywords: EVA, MVA, Stock Return, Energi Sector

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Journal Info

Abbrev

JAB

Publisher

Subject

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

Description

Jurnal Akuntansi dan Bisnis (JAB) berISSN : 2502-3497 terbit awal pada Desember 2015. JAB merupakan terbitan berkala ilmiah yang diterbitkan oleh Program studi Akuntansi Sekolah Tinggi Ilmu Ekonomi YPPI Rembang. Penerbitan JAB dimaksudkan sebagai media penuangan karya ilmiah baik berupa kajian ...