The Analysis of Effect of Economic Value Added (EVA) and Market Value Added (MVA) on Share Price of Subsector Companies of Property Incorporated in LQ45 Indonesia Stock Exchange in Period of 2009-2013
International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
www.ijsr.net | Open Access | Fully Refereed | Peer Reviewed International Journal

ISSN: 2319-7064

Downloads: 124 | Monthly Hits: ⮙1

Research Paper | Economics | Indonesia | Volume 4 Issue 4, April 2015

The Analysis of Effect of Economic Value Added (EVA) and Market Value Added (MVA) on Share Price of Subsector Companies of Property Incorporated in LQ45 Indonesia Stock Exchange in Period of 2009-2013

Muhammad Mara Ikbar, Andrieta Shintia Dewi

After the global crisis in 2008, the Indonesian economy grew higher with maintained stability. These numbers eventually push up asset prices, including property. The increase in property prices in turn increases the demand for these properties and affects the growth of the property sector in Indonesia. This is exactly what prompted investors to invest in property companies and ultimately makes the property sub-sector became one of the sectors that look best on the stock. The purpose of this study is to determine effect of Economic Value Added and Market Value Added on share price of subsector companies of property incorporated in LQ45 Indonesia stock exchange in period of 2009-2013 partially or simultaneously. The data used are secondary data obtained from the overall company financial statements issued by the Indonesia Stock Exchange from 2009 to 2013. The analytical method used is panel data regression method and Fixed Effect model. Hypothesis testing uses t-test, test-f and the coefficient of determination. The result shows that, partially, Economic Value Added and Market Value Added significantly affects on the stock price. Furthermore, simultaneously, all independent variables have significant effect on stock prices. In addition, it is found that the coefficient of determination (R2) of 0.869840 which means that the independent variables can explain the dependent variable of 86, 98 % while the remaining number 13, 02 % is explained by other factors beyond research.

Keywords: Stock Price, EVA, MVA, Property, Economics

Edition: Volume 4 Issue 4, April 2015

Pages: 2310 - 2314

Share this Article

How to Cite this Article?

Muhammad Mara Ikbar, Andrieta Shintia Dewi, "The Analysis of Effect of Economic Value Added (EVA) and Market Value Added (MVA) on Share Price of Subsector Companies of Property Incorporated in LQ45 Indonesia Stock Exchange in Period of 2009-2013", International Journal of Science and Research (IJSR), https://www.ijsr.net/search_index_results_paperid.php?id=SUB153570, Volume 4 Issue 4, April 2015, 2310 - 2314

Enter Your Email Address




Similar Articles with Keyword 'Stock Price'

Downloads: 108 | Monthly Hits: ⮙6

Research Paper, Economics, China, Volume 5 Issue 10, October 2016

Pages: 1582 - 1587

Analysis of Interest Rate and Stock Price in Africa: Case Study of Ghanaian Listed Firms

Bridget Opoku-Agyemang, Grace Ofori-Abebrese, Benjamin Korankye

Share this Article

Downloads: 116 | Monthly Hits: ⮙5

Research Paper, Economics, Indonesia, Volume 6 Issue 2, February 2017

Pages: 1790 - 1793

The Stock Market of Infrastructure Sector: A Weak-Form EMH Test

Adi Gunarso, Hermanto Siregar, Tony Irawan

Share this Article

Downloads: 124 | Monthly Hits: ⮙1

Research Paper, Economics, Indonesia, Volume 4 Issue 4, April 2015

Pages: 2310 - 2314

The Analysis of Effect of Economic Value Added (EVA) and Market Value Added (MVA) on Share Price of Subsector Companies of Property Incorporated in LQ45 Indonesia Stock Exchange in Period of 2009-2013

Muhammad Mara Ikbar, Andrieta Shintia Dewi

Share this Article

Downloads: 137

Research Paper, Economics, Indonesia, Volume 8 Issue 1, January 2019

Pages: 1576 - 1581

Analysis of the Relationship of Macroeconomic Factors to Emerging Market Stock Prices

Endang Mahpudin

Share this Article

Downloads: 193

Research Paper, Economics, Indonesia, Volume 6 Issue 2, February 2017

Pages: 627 - 633

Banking Subsector: Performance Ratio Influence to Bank's Stock Prices during the Period 2010 - 2014

Linda Dwi Roswitasari, Noer Azam Achsani, Trias Andati

Share this Article

Similar Articles with Keyword 'EVA'

Downloads: 0

Research Paper, Economics, India, Volume 10 Issue 5, May 2021

Pages: 94 - 96

A Study on Possibilities of India for being $5 Trillion Economy till 2025 Considering COVID-19 Crises

Somya Saran

Share this Article

Downloads: 23

Research Paper, Economics, India, Volume 10 Issue 4, April 2021

Pages: 275 - 280

Social Security Schemes in India and Its Relevance during COVID-19 2020

Dr. Sharmila Bose

Share this Article

Downloads: 48

Research Paper, Economics, Spain, Volume 10 Issue 2, February 2021

Pages: 979 - 986

Country Evaluation of Islamic Economic Criteria: An Application Using Entropy Weight and TOPSIS Methodologies

Mayor-Vitoria F., Garca-Bernabeu A., Nor Aida Abdul Rahman, Mohammad Fakhrulnizam Mohammad

Share this Article

Downloads: 94

Research Paper, Economics, China, Volume 9 Issue 10, October 2020

Pages: 539 - 545

An Investigation into International Branding Strategies of Global Companies in Emerging Markets: A Case of China

Albert Dzikiti, Qiantao Fan

Share this Article

Downloads: 103 | Weekly Hits: ⮙1 | Monthly Hits: ⮙8

Research Paper, Economics, Malaysia, Volume 3 Issue 9, September 2014

Pages: 1619 - 1627

Seamless Freights Movement towards the Quality Services at Cross Border Checkpoints between Malaysia and Thailand

Mustakim Melan, Rohafiz Sabar

Share this Article

Similar Articles with Keyword 'Property'

Downloads: 84

Review Papers, Economics, India, Volume 4 Issue 8, August 2015

Pages: 1972 - 1975

An Overview of Indias Draft IPR Policy

Shruti Garg

Share this Article

Downloads: 109 | Weekly Hits: ⮙3

Research Paper, Economics, India, Volume 3 Issue 7, July 2014

Pages: 1198 - 1200

Long Memory Volatility of Stock Markets of India and China

Joshi Prashant Maheshchandra

Share this Article

Downloads: 116 | Weekly Hits: ⮙1 | Monthly Hits: ⮙10

Research Paper, Economics, Turkey, Volume 4 Issue 7, July 2015

Pages: 1806 - 1809

Economic Freedom and Innovation

Mustafa Kenan Erkan

Share this Article

Downloads: 117

Research Paper, Economics, Zimbabwe, Volume 5 Issue 1, January 2016

Pages: 1777 - 1787

Interactions of Biophysical and Socioeconomic Factors and Outputs in Mixed Crop-Livestock Smallholder Farming Systems in Africa South of the Sahara

Washington Muzari

Share this Article

Downloads: 119

Research Paper, Economics, Albania, Volume 4 Issue 8, August 2015

Pages: 565 - 569

The Protection of Mortgage Loan Consumers in Albania

Artur Ribaj, Hysen Cela

Share this Article

Similar Articles with Keyword 'Economics'

Downloads: 115

Research Paper, Economics, India, Volume 9 Issue 6, June 2020

Pages: 1176 - 1179

An Economics Analysis of Rose Production System in Pushkar Sub-Tehsil of Ajmer

Dr. Gayatri Tanwar

Share this Article

Downloads: 42

Research Paper, Economics, Singapore, Volume 10 Issue 1, January 2021

Pages: 1205 - 1208

Application of Richardsons Arms Race Model in Oligopolistic Competition

Kevin Zhang, Zi Qian Chan

Share this Article

Downloads: 79

Review Papers, Economics, India, Volume 10 Issue 2, February 2021

Pages: 170 - 171

A Review of the True Meaning of Economic Growth and Variations in Rates of Economic Growth around the World

Aditya Syam

Share this Article

Downloads: 81 | Monthly Hits: ⮙1

Review Papers, Economics, India, Volume 10 Issue 2, February 2021

Pages: 62 - 64

The Case for Unilateral Free Trade and its Benefits for a Nations Economic Interests

Aditya Syam

Share this Article

Downloads: 109

Research Paper, Economics, Kenya, Volume 4 Issue 5, May 2015

Pages: 3253 - 3256

Investigating for Contributory Factors to Traffic Congestion in Nairobi City, Kenya

Nzai Charles Chonjo Chama

Share this Article



Top