Analisis Pengaruh Economic Value Added (EVA) terhadap Market Value Added (MVA) pada Perusahaan Perbankan di Bursa Efek Indonesia
The porpose of this research is to know whether the Economic Value Added (EVA) partially affect the Market Value Added (MVA) at the banking company in the Indonesia Stock Exchange. The amount EVA variables depends on the value of NOPAT and Chapital charges, while the MVA variables influenced by the nominal value and market value of shares and the number of shares outstanding during the year. This concept proves that companies with high profits may not be able to provide high welfare for its shareholders. This research is a kind of causal research with a total sample of 18 banking companies listed in Indonesia Stock Exchange during the period 2007 to 2009. The sample selection is done by using purposive sampling method. The data used are secondary data obtained from the Indonesian Capital Market Directory (ICMD) and from the site www.idx.co.id. The process of data analysis done first is to test the classic assumption and hypothesis testing is then performed. Statistical methods used are simple linear regression. The results showed that partially, Economic Value Added (EVA) significant impact on Market Value Added (MVA). From this research we can conclude that the increase or decrease in EVA will affect the increase or decrease in MVA. If the company focuses on the EVA, this can help ensure that the company has been running operations in a way consistent with the objective to maximize shareholder interests. Likewise, the higher the value of MVA, the better the performance that has been done by the company. EVA shows the added value that occurred during a given year, while the MVA reflects the company's performance throughout his life, perhaps even including the time - the period before the current manager was born.