STOCK RETURNS IMPACT OF ECONOMIC VALUE ADDED AND MARKET VALUE ADDED
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Date
2020
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International Journal of Solid State Technology Volume: 63 Issue: 5
Abstract
This study aims to determine the impact of Economic Value Added and Market Value Added on Stock Returns. This study used a purposive sampling technique and obtained a sample of 15 companies in the property and real estate sector which are listed on the Indonesia Stock Exchange for the 2016-2019 period. The analysis technique used in this research is multiple linear regression. Based on the results of the F test, it was found that Economic Value Added and Market Value Added on stock returns did not have a significant effect on stock returns, as evidenced by Fcount (2.197) < Ftable (3.24) with a significance of 0.125> 0.05, while the t test results stated that Economic Value Added did not significant effect on stock returns, this is evident from the value of tcount 1.995 < 2.023 t table with a significance level of 0.053 ≥ α = 0.05, the results of MVA have no significant effect on stock returns, it is proven that the value of tcount 0.735 < 2.023 t table with a significance level of 0.46 > α = 0.05.
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Keywords
Economic Value Added, Market Value Added, Stock Returns