EVA DAN BEBERAPA VARIABEL FUNDAMENTAL PERUSAHAAN TERHADAP HARGA SAHAM
Sri Isworo Ediningsih
Jurusan Manajemen Fakultas Ekonomi UPN “Veteran” Yogyakarta
Jl. SWK 104 Ringroad Utara, Condong Catur, Yogyayakarta
Korespondensi dengan Penulis:
Sri Isworo Ediningsih: Telp. +62 274 486 733 Ext. 260
Economic Value Added (EVA) as performance measure had been proven in United States. In Indonesia, EVA had been used by several companies. However, since 2001 Saw magazine, Mark Plus & Co and Maxi UI consistently made rating on 100 companies with EVA. The purpose of this study was to analyze both simultaneously and partially the influence of EVA and several fundamental variables (CR, ROI, Size and PER) on stock price. The sample was taken by using purposive sampling with positive EVA as criteria. There were 88 companies as sample. By using multiple regression, this study found that: 1) simultaneously EVA and several fundamental variables (CR, ROI, Size and PER) significantly influenced stock price 2) EVA, ROI and PER significantly influenced stock price and 3) CR and size company did not significant influence stock price.
Key words: Economic Value Added, current ratio, ROI, size, PER, stock price