DOES THE VALUE ADDED CAN PREDICT THE PERFORMANCE OF THE PROPERTY AND REAL ESTATE INDUSTRY IN INDONESIA
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Date
2019
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Journal of Advanced Research in Dynamical & Control Systems, Vol. 11, 03-Special Issue
Abstract
This study aims to analyze whether financial performance measured using value added methods, namely economic value added (EVA), refined economic value added (REVA), and market value added (MVA) can predict market performance as measured by stock returns . The research method uses descriptive and verification methods. The unit of analysis is carried out on property and real estate sector issuers listed on the IDX during the 2012-2016 period. Observations were made on 8 issuers of the property and real estate sector through sampling using the purposive sampling method. Data analysis using multiple linear regression with F test statistics and t test at a significance level of 5%. The results of the study show that economic value added (EVA) and market value added (MVA) cannot predict stock returns while significantly refined economic value added (REVA) can be used to predict stock returns.
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Keywords
Economic Value Added (EVA), Refined Economic Value Added (REVA), Market Value Added (MVA), Return Saham