VALUE BASED AND MARKET BASED AS PREDICTORS OF STOCK PRICES IN LQ45 COMPANY
This study aims to obtain empirical evidence whether value added and market value is predictor
of stock prices. The value based concepts is measured by economic value added and market
based concepts measured by market value added. The object of study is index LQ45 companies
listed in Indonesian Stock Exchange period 2012-2016. The selection of samples based on purposive sampling with certain criteria and selected as many as 18 companies index LQ45. The data
used in this research is secondary data using quantitative approach. Further testing will be
done by classical assumptions against the data collected using regression analysis and test
hypothesis F and t.
The results of this study prove empirically that together Economic Value Added and Market
Value Added is positive and significant predictor of the company’s stock price because the significant is 0.000 smaller than 0.05. Partially significant level of 0.05 EVA has a negative effect
of 0.14 on stock prices, it can be concluded that the EVA is a predictor variable has a negative
effect that is not significant to stock prices at index LQ45. Significant level of MVA that is equal
to 0.000 smaller than the significant level of 0.05. MVA positive influence of 0.599 to stock price.
It can be concluded that the partial variable MVA positive effect is a significant predictor
variable to stock prices at index LQ45.
Keyword:economic value added, market value added, financial performance, stock price
Jurnal Reviu Akuntansi dan Keuangan is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).