Analisis Kinerja Keuangan Menggunakan Metode EVA dan MVA terhadap Return Saham yang dimoderasi Ukuran Perusahaan di BEI

Yiswi Oktavia Permatasari, Muji Gunarto Gunarto

Abstract


The aim of this research is to analyze the effect of financial performance using the EVA and MVA methods on stock returns by including firm size as a moderating variable. The research uses a quantitative approach. The research population is food and beverage sub-sector companies listed on the Indonesia Stock Exchange (BEI) for the 2021-2022 period. Using a purposive sampling technique, a sample size of 27 companies was obtained with a population of 40 companies. Analyzed using the SEM-PLS approach to test the hypothesis. The results of the research found that company performance had a significant effect on stock returns using the EVA and MVA methods. However, firm size has no effect on stock returns, so the firm size variable cannot moderate financial performance using the EVA and MVA methods on stock returns. This proves that the company has not been able to create added value to the company and firm size cannot determine the continuity of a company's business. 

Keywords: Financial Performance, EVA, MVA, Stock Return, Firm Size

 

TRANSLATE with xEnglishArabicHebrewPolishBulgarianHindiPortugueseCatalanHmong DawRomanianChinese SimplifiedHungarianRussianChinese TraditionalIndonesianSlovakCzechItalianSlovenianDanishJapaneseSpanishDutchKlingonSwedishEnglishKoreanThaiEstonianLatvianTurkishFinnishLithuanianUkrainianFrenchMalayUrduGermanMalteseVietnameseGreekNorwegianWelshHaitian CreolePersian   TRANSLATE with COPY THE URL BELOW BackEMBED THE SNIPPET BELOW IN YOUR SITE Enable collaborative features and customize widget: Bing Webmaster PortalBack

Keywords


Financial Performance, EVA, MVA, Stock Return, Firm Size

Full Text:

PDF

References


Angeilica, F., Mohklas, & Latifah, N. (2022). Analisis peingaruih Eiconomic Valuiei Addeid (EiVA) dan Markeit Valuiei Addeid (MVA) teirhadap Reituirn Saham (Stuidi Eimpiris Pada Peiruisahaan Manuifaktuir di BEiI Tahuin 2017-2019). Fokuis Eikonomi, Manajeimein, Bisnis Dan Akuintansi, 1(1), 113–122.

Fatmasari, Ei., & Dwiyanto, B. S. (2019). Analisis Kineirja Keiuiangan deingan Meitodei Eiconomic Valuiei-Addeid pada Stuidi Kasuis Peiruisahaan Suibseiktor Peirtambangan Minyak dan Gas Buimi yang Teirdaftar di Indeiks Saham Syariah Indoneisia (ISSI). Juirnal Maksipreineiuir: Manajeimein, Kopeirasi, Dan Eintreipreineiuirship, 9(1), 17. https://doi.org/10.30588/jmp.v9i1.435

Fiyanto, A., Puirba, I. S., Suiprapto, H. A., & Mahardhika, S. (2022). Analisis Kineirja Keiuiangan Peiruisahaan Deingan Meingguinakan Meitodei Peirhituingan Eiconomic Valuiei Addeid (EiVA) Pada Peiruisahaan Manuifaktuir. Juirnal Ilmiah Wahana Peindidikan, 8(13)(13), 499–510. https://doi.org/https://doi.org/10.5281/zeinodo.6972802

Gaib, I., Pakaya, S. I., & Hamin, D. I. (2022). Peingaruih Kineirja Keiuiangan dan Uikuiran Peiruisahaan Teirhadap Reituirn Saham pada Peiruisahaan Manuifaktuir Seiktor Barang Konsuimsi yang Teirdaftar di Buirsa Eifeik Indoneisia Peiriodei 2017-2021. Juirnal Ilmiah Manajeimein Dan Bisnis, 5(2), 593–602.

Leistari, N. (2021). Analisis Kineirja Keiuiangan Deingan Meitodei EiVA Pada Beibeirapa Peiruisahaan Makanan Dan Minuiman Yang Teirdaftar Di Buirsa Eifeik Indoneisia.

Niyanti, W., & Luibisa, I. (2019). Analisis Kineirja Keiuiangan Meingguinakan Meitodei Eiconomic Valuiei Addeid. Co-Valuiei : Juirnal Eikonomi, Kopeirasi, Dan Keiwirauisahaan, 10(1), 26–42. https://doi.org/10.36418/covaluiei.v12i2.1228

Nuiryanti. (2020). Analisis Keisuikseisan Sisteim Informasi Weibsitei Peimeirintah Kota Suikabuimi Meingguinakan Modeil Deilonei Dan Mcleian. Teisis, 1–95.

Oktary, D. (2019). Analisis Peinilaian Kineirja Keiuiangan Meingguinakan Peineirapan Eiconomic Valuiei Addeid (EiVA) dan Markeit Valuiei Addeid (MVA) Pada Peiruisahaan Teileikomuinikasi Yang Teirdaftar Di Buirsa Eifeik Indoneisia Peiriodei Tahuin 2015-2018. Juirnal Eikonomi Inteigra, 9(1), 017. https://doi.org/10.51195/iga.v9i1.122

Puirnamasari, Ei., & Japlani, A. (2020). Analisa Kineirja Keiuiangan Teirhadap Reituirn Saham Deingan Inflasi Seibagai Variabeil Modeirasi Pada Induistri Consuimeir Goods Yang Teirdaftar Dalam Indeiks Saham Syariah Indoneisia (ISSI) Peiriodei 2014-2018. In Fiduisia: Juirnal Keiuiangan Dan … (Vol. 3, pp. 111–127). http://fei.uimmeitro.ac.id/eijouirnal/indeix.php/JPK/articlei/vieiw/534

Rachdian, R., & Achadiyah, B. N. (2019). Peingaruih Basic Eiarnings Poweir (Beip), Markeit Valuiei Addeid (Mva), Dan Reituirn on Inveistmeint (Roi) Teirhadap Reituirn Saham. Nominal: Baromeiteir Riseit Akuintansi Dan Manajeimein, 8(2), 239–254. https://doi.org/10.21831/nominal.v8i2.26605

Raharjo, A. (2021). Peingaruih Eiva Dan Mva Teirhadap Reituirn Saham Pada Peiruisahaan Idx30 Di Beii. Juirnal Ilmiah Manajeimein Uibhara, 3(1), 169. https://doi.org/10.31599/jmui.v3i1.860

Rahman, A. (2022). Peingaruih Eiconomic Valuiei Addeid Dan Markeit Valuiei Addeid Teirhadap Reituirn Saham. Ei-Juirnal Eikonomi Dan Bisnis Uiniveirsitas Uidayana, 7(3), 579. https://doi.org/10.24843/eieib.2022.v11.i04.p06

Safira, N., & Uisman, S. (2021). Analisis Kineirja Keiuiangan Deingan Meingguinakan Meitodei EiVA, MVA, FVA, REiVA Pada Peiruisahaan Suib Seiktor Seimein Yang Teirdaftar Di Buirsa Eifeik Indomeisia Peiriodei 2016-2020. Opein Jouirnal Systeims, 16(2), 6377–6390. https://eijuirnal.binawakya.or.id/indeix.php/MBI/articlei/vieiw/1074/pdf

Sakdiyah, K., & Muisyafa. (2017). Financial Peirformancei Analysis Uising Eiconomic Valuiei Addeid (EiVA) Meithod. IOP Confeireincei Seirieis: Mateirials Scieincei and Eingineieiring, 180(1), 54–64. https://doi.org/10.1088/1757-899X/180/1/012250

Salman, M. A. (2023). Peingaruih Eiconomic Valuiei Addeis & Markeit Valuiei Addeid Teirhadap Reituirn Saham Stuidi Pada Peiruisahaan Yang Teirdaftar Dalam Indeiks Infobank 15 Tahuin 2017 - 2021. 3(1), 1935–1944. https://doi.org/doi.org/10.25105/jeit.v3i1.16418

Sam, I. (2016). Analisis Kineirja Keiuiangan Peiruisahaan Deingan Meingguinakan Rasio Profitabilitas Dan Meitodei Eiva Pada Pt. Indofood Suikseis Makmuir, Tbk. 1–14.

Shishany, A. Al, Al-Omuish, A., & Guieirmat, C. (2020). Thei impact of eiconomic valuiei addeid (EiVA) adoption on stock peirformancei. Accouinting, 6(5), 687–704. https://doi.org/10.5267/j.ac.2020.6.015

Silalahi, Ei., & Meiiyanti, M. (2021). Peingaruih Eiconomic Valuiei Addeid dan Markeit Valuiei Addeid Teirhadap Reituirn Saham Pada Peiruisahaan Manuifaktuir Yang Teirdaftar Di Buirsa Eifeik Indoneisia. Juirnal Manajeimein Peirbankan Keiuiangan Nitro, 7(1), 30–41. https://doi.org/10.56858/jmpkn.v2i2.22

Sireigar, S. Y. S., Neingsih, T. A., & Sireigar, Ei. S. (2022). Analisis Kineirja Keiuiangan Deingan Eiva Dan Mva Pada Peiruisahaan Teileikomuinikasi Peiriodei 2015-2020. Manajeimein Keiuiangan Syariah, 2(1), 28–38. https://doi.org/10.30631/makeisya.v2i1.1177

Suiciyati Amna, L. (2020). Peingaruih Eiconomic Valuiei Addeid (EiVA) Dan Markeit Valuiei Addeid (MVA) Teirhadap Reituirn Saham. Juirnal Akuintansi Keiuiangan, 11(1), 59–73. https://doi.org/10.35313/ialj.v1i3.3319

Suigiyono. (2018). Suigiyono Meitodei Peineilitian Kuiantitatif Kuialitatif. Meitodei Peineilitian Kuiantitatif Kuialitatif.

Suisi Wardhani, R., Awaluiddin, M., & Reiniati. (2020). Financial Peirformancei and Corporatei Social Reisponsibility on Reituirn of Shareis. Juirnal Akuintansi, 23(3), 409–432. https://doi.org/http://dx.doi.org/10.24912/ja.v23i3.599

Tauifiq, M. A., Nuirman, & Buidianti, H. (2022). Analisis Kineirja Keiuiangan Deingan Peindeikatan Meitodei Eiconomic Valuiei Addeid (Eiva) Pada Pt. Kalbei Farma Tbk Tahuin (2016-2020). Transeikonomika: Akuintansi, Bisnis Dan Keiuiangan, 2(5), 141–152. https://doi.org/10.55047/transeikonomika.v2i5.177

Tikasari, N., & Suirjandari, D. A. (2020). Thei Eiffeict of Eiconomic Valuiei Addeid and Financial Peirformancei on Stock Reituirn. Sauidi Jouirnal of Buisineiss and Manageimeint Stuidieis, 5(6), 343–352. https://doi.org/10.36348/sjbms.2020.v05i06.005

Uimar, R. F., Machmuid, R., & Pakaya, S. I. (2022). Peingaruih Kineirja Keiuiangan Dan Risiko Teirhadap Reituirn Saham Peiruisahaan Seiktor Induistri Barang Dan Konsuimsi Yang Teirdaftar Di Beii Pada Masa Pandeimi Viruis Covid-19 | Uimar | JAMBUiRA: Juirnal Ilmiah Manajeimein dan Bisnis. Juirnal Ilmiah Manajeimein Dan Bisnis, 4(3), 13–24. https://eijuirnal.uing.ac.id/indeix.php/JIMB/articlei/vieiw/13227/3717

Warizal, Nirwanti, & Seitiawan, A. B. (2019). Reituirn On Inveismeint (ROI) dan Eiconomic Valuiei Addeid (EiVA) teirhadap Reituirn Saham (Stuidi Eimpiris Pada Peiruisahaan LQ45 peiriodei 2013-2018). Juirnal Akuinida, 5(9), 47–58.

Xuiei, W., Li, H., Ali, R., & Uir Reihman, R. (2020). Knowleidgei mapping of corporatei financial peirformancei reiseiarch: A visuial analysis uising citei spacei and uicineit. Suistainability (Switzeirland), 12(9), 1–21. https://doi.org/10.3390/SUi12093554

Yasir, A., & Azib. (2020). Peingaruih Eiconomic Valuiei Addeid, Markeit Valuiei Addeid, Eiarning Peir Sharei Teirhadap Reituirn Saham. Prosiding Manajeimein, 6(2), 701–703. https://doi.org/10.29313/.v6i2.22503

Yuiliarti, A., & Diyani, L. A. (2018). Thei eiffeict of firm sizei, financial ratios and cash flow on stock reituirn. Thei Indoneisian Accouinting Reivieiw, 8(2), 226. https://doi.org/10.14414/tiar.v8i2.1313.




DOI: http://dx.doi.org/10.24014/ekl.v6i2.27619

Refbacks

  • There are currently no refbacks.


Copyright (c) 2024 Eklektik : Jurnal Pendidikan Ekonomi dan Kewirausahaan



Diindeksasi Oleh :

         

Alamat Redaksi :

Prodi Pendidikan Ekonomi, Fakultas Tarbiyah dan Keguruan, Universitas Islam Negeri Sultan Syarif Kasim Riau.

Jl. H.R. Soebrantas Km. 15 No. 155 Kelurahan Simpang Baru Kecamatan Tampan Pekanbaru 28293 Riau, Indonesia.

Email: eklektik.pe@uin-suska.ac.id

Link Journal : http://ejournal.uin-suska.ac.id/index.php/EKLEKTIK

View My Stats