ANALISIS PENGARUH ECONOMIC VALUE ADDED, MARKET VALUE ADDED DAN RETURN ON ASSET TERHADAP RETURN SAHAM PERUSAHAAN PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2012-2016
Keywords:
Economic Value Added, Market Value Added, Return On Asset, Stock ReturnsAbstract
The study aims to determine the effect of Economic Value Added, Market Value Added and Return On Asset to Stock Returns. This study used primary data collected from Indonesia Stock Exchange (IDX) 2012 – 2016. The sample in this study was obtained by purposive sampling methods. Based on criteria there were 28 companies that become sample study. This study used multiple regression method.
The result of multiple regression analysis with a significance level of 5% show that partially, Economic Value Added, Market Value Added and Return On Asset give positive and significant influence on stock returns. Simultaneously, the three independent variables affect the stock returns for 66,3% which means that those have a considerable contribution.