JURNAL MANAJEMEN MOTIVASI
Vol 21 No 2 (2025): Jurnal Manajemen Motivasi

Financial Performance Analysis Using EVA, MVA, REVA, FVA, and SVA Methods in Telecommunication Companies Listed in the LQ45 Index

Dani, Novita Rahma (Unknown)
Widuri, Trisnia (Unknown)

Article Info

Publish Date
28 Oct 2025

Abstract

This study aims to analyze the financial performance of telecommunication companies listed in the LQ45 Index for the 2022–2024 period using Economic Value Added (EVA), Market Value Added (MVA), Refined Economic Value Added (REVA), Financial Value Added (FVA), and Shareholder Value Added (SVA) methods. The research applies a descriptive quantitative approach with secondary data from annual financial statements obtained from the Indonesia Stock Exchange. The results indicate that EVA, FVA, and SVA are positive, meaning firms create economic value. Meanwhile, MVA and REVA tend to fluctuate or turn negative, indicating limitations in enhancing market value.

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Journal Info
JURNAL MANAJEMEN MOTIVASI
Website

Abbrev

jm_motivasi

Publisher

Universitas Muhammadiyah Pontianak

Subject

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

Description

Jurnal Manajemen Motivasi (JMM) adalah Jurnal Ilmiah Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Pontianak yang diterbitkan secara berkala 2 (dua) kali dalam satu tahun (Juni dan Oktober) sebagai sarana untuk menyebarluaskan hasil penelitian dan ilmu pengetahuan di bidang ilmu manajemen ...