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Saudi Journal of Business and Management Studies (SJBMS)
Volume-5 | Issue-06 | 343-352
Original Research Article
The Effect of Economic Value Added and Financial Performance on Stock Return
Nopi Tikasari, Dwi Asih Surjandari
Published : June 21, 2020
DOI : 10.36348/sjbms.2020.v05i06.005
Abstract
The aim of this study is to examine the effect of economic value added (EVA) and financial performance on stock returns of mining companies listed on the Indonesian stock exchange from 2012-2018. The samples used is purposive sampling techniques based on determined criterias, the sample is 12 of 84 (population) companies. While the data analysis method used is the panel regression analysis using Microsoft Excel software and eviews 10. The independent variables used is EVA and Financial Performance which proxied by Current Ratio, Debt to Equity Ratio, Net Profit Margin, and Earning Per Share, meanwhile the dependent variable is Stock Returns. The results found that partially EVA and Net Profit Margin has a positive and significant effect on stock returns meanwhile (2) the current ratio, debt-to equity ratio and) earnings per share does not have and simultaneously all variables affects Stock Return.
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