Mursalim_abstract_1332009

ECONOMIC VALUE ADDED DAN MARKET VALUE ADDED
DAMPAKNYA TERHADAP NILAI PERUSAHAAN
 
 
Mursalim
Jurusan Manajemen Fakultas Ekonomi
Universitas Hasanuddin Makassar
Jl. Perintis Kemerdekaan Km. 9 Makassar, 90245
 
Koresponden dengan penulis :
Mursalim: Telp.+62 411 477 0459
E-mail: mms_feuh@telkom.net

Abstract:
The aim of research was to find out an influence of Economic Value Added (EVA) and Market Value Added (MVA) towards share price of PT. International Nickel Indonesia, Tbk (PT.INCO). The secondary data was gathered by capital market information centre (PIPM) Makassar. The data was cultivated by using multiple regression analyze using software SPSS 15.0 for windows. The analysis result showed that variable independent that consisted of economic value added (EVA) and market value added (MVA) had a simultaneously positive influence and significant impact towards share market price of PT.INCO,Tbk as variable dependent. Partially, variable EVA (X1) had weak positive and significant influence meanwhile MVA (X2) had strong positive and significant towards share price PT.INCO,Tbk influence. Both of variable independent (EVA and MVA) would be able to explain share price result (dependent variable) at that time as big as 85%. The other factor which was not studied in this study that influenced social condition was for example share price, policies, economy unstable with corporate action like stock split, bonus stock distribution, and right issue.
 
Key words: Economic Value Added (EVA), Market Value Added (MVA), stock price, corporate value

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