标题：THE EFFECT OF FINANCIAL PERFORMANCE ON STOCK MARKET PRICE AT SECTOR INFRASTRUCTURE, UTILITY, AND TRANSPORTATION IN INDONESIA STOCK EXCHANGE (IDX) METHOD Economic Value Added (EVA) AND MARKET VALUE ADDED (MVA)
摘要：Keywords: Economic Value Added (EVA), Market Value Added (MVA).ABSTRACTGoal-oriented company profit maximization is not relevant anymore. The period of fiercecompetition that occurs when a company is required to set a goal to always consider thevoices of the stakeholders. This is the underlying goal-oriented company that originallyturned into a profit-oriented values. Company's financial performance measurement is neededto determine the success in achieving that goal. The existence of good financial performancewill encourage investors to invest in the company. Is created as an approach to measuringfinancial performance is to approach Economic Value Added (EVA) and Market ValueAdded (MVA).This research is trying to apply EVA and MVA concept to measure the performance of thecompany, to find out whether the company's performance as measured by EVA will affect themarket price of its shares, as reflected by MVA. The purpose of this study to determine thefinancial performance of the Infrastructure Sector, Utilities and Transportation listed on theStock Exchange based on the concept of EVA and MVA, and EVA determine the effect ofMVA during the period 2004 to 2008. Sampling method used was purposive sampling.Analysis tool used is simple linear regression by using SPSS 17.Results of hypothesis testing each of the nine companies showed that firms InfrastructureSector, Utilities and Transport, only two companies affect the EVA value its stock pricereflected by MVA, PT Telekomunikasi Indonesia Tbk and PT Citra Marga NusaphalaPersada Tbk. While the value of EVA for the company's seventh Infrastructure Sector,Utilities and Transportation does not affect the market price of its shares. Conclusions fromthe results of hypothesis testing company-wide Infrastructure Sector, Utilities andTransportation shows the financial performance with EVA does not significantly influencethe market price of its shares, as reflected by the MVA.
