Suripto_abstract_1422010

MODEL PENENTUAN  HARGA SAHAM:
PENGUJIAN CAPITAL ASSET PRICING MODEL MELALUI PENGUJIAN ECONOMIC VALUE ADDED

Suripto
Jurusan Administrasi Bisnis – FISIP Universitas Lampung
Jl. S. Brojonegoro No.1 Gedong Meneng, Bandar Lampung

Abstract
This research tested the influence of characteristics of the firms and of EVA (Economic Value Added) to stock of returns. This Research sample was company Self-100 Value Creator of year 2001 until 2006. Result of research indicated that company size measure, profitability, capital structure (characteristics of the firms) and EVA by stimulant had an effect on significant to stock of returns, but by partial only characteristics  company.  Condition of company fundamentals had an effect on significance to stock of returns. This indication that investor still considered factors of fundamentals was having investment. EVA did not have an effect on significant to stock of returns. This finding indicated that Model determination of stock of returns (CAPM Irrelevant determined the level of EVA and also indicated that CAPM (Capital Assets Pricing Model) was not relevant in determining stock of returns in Indonesian Stock Exchange .

Key words: characteristic of the firm, EVA, stock return, CAPM.

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