PENGARUH PENGGUNAAN ECONOMIC VALUE ADDED DAN MARKET VALUE ADDED TERHADAP TINGKAT RETUN SAHAM PADA PERUSAHAAN KONSTRUKSI DI BURSA EFEK INDONESIA

Abstract

The purpose of this study was to analyze whether EVA (Economic Value Added)
and MVA (Market Value Added) partially or simultaneously have an influence on the
level of stock returns construction companies in Indonesia Stock Exchange.
The population in this study is a company engaged in the field of construction
listed in the Indonesia Stock Exchange yamg listing from 2008 until 2012. Companies
listed on the Stock Exchange of construction by 27 companies. Of the population is then
selected 10 construction companies that met the study criteria.
Based on the results of research conducted to determine whether the EVA
(Economic Value Added) and MVA (Market Value Added) simultaneously have an
influence on stock returns construction company listed on the Stock Exchange can be
concluded that these variables have a significant effect. It is proved that the return of
the artifacts in the construction company BEI simultaneously represented by calculating
ratios of EVA (Economic Value Added) and MVA (Market Value Added). Partial results
of statistical tests for each variable that is EVA (Economic Value Added) and MVA
(Market Value Added) only variables EVA (Economic Value Added) which has
significant perngaruh retun stock company listed on the Stock Exchange of
construction, while MVA (Market Value Added) have no effect on stock returns partial
construction company listed on the Stock Exchange. That is, changes in stock retun
construction company listed on the Stock Exchange influenced by other factors that are
not included in the study.

Keywords: Economic Value Added, Market Value Added, Return Stock.