The Effect of Economic Value Added (EVA) and Market Value Added (MVA) on Stock Returns

Authors

  • Khairun Nisa Undergraduate Study Program, Faculty of Economics and Business, Universitas Mataram
  • Budi Santoso Undergraduate Study Program, Faculty of Economics and Business, Universitas Mataram
  • Burhanudin Burhanudin Undergraduate Study Program, Faculty of Economics and Business, Universitas Mataram

DOI:

https://doi.org/10.46799/jst.v5i3.932

Keywords:

Economic Value Added (EVA), Market Value Added (MVA), Return, investment

Abstract

This study analyze the factors that affect stock returns in food and beverages companies listed on the Indonesia Stock Exchange (IDX) for the 2017-2020 period. The variables in this study are Economic Value Added (EVA) and Market Value Added (MVA). This research was conducted using multiple linear regression analysis. The data collection tools used are literature study and documentation with purposive sampling method. The sample used in this study were 12 companies from a total population of 30 companies. The results of this study indicate that the higher or lower the value of Economic Value Added (EVA) does not affect the value of Stock Return, as well as the higher or lower value of the Market Value Added (MVA) also does not affect the Stock Return.

Downloads

Download data is not yet available.

Downloads

Published

2024-05-23

Issue

Vol. 5 No. 5 (2024): Jurnal Syntax Transformation

Section

Articles

License

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International.

Authors who publish with this journal agree to the following terms:

  • Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike 4.0 International (CC-BY-SA). that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
  • Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
  • Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.