Pengaruh Earning Per Share, Arus Kas Operasi, Economic Value Added, dan Market Value Added Terhadap Return Saham (Studi pada Perusahaan Manufaktur yang Terdaftar pada BEI )

Yuda Rahmadi - Program Studi Akuntansi Fakultas Ekonomi Universitas Negeri Padang

Abstract


This research aims to verify and provide empirical evidences about: (1) The effect of Earning Per Share to the Return Stock (2) The effect of Operation Cash Flow to the Return Stock (3) The effect of Economic Value Added to the Return Stock (4) The effect of Market Value Added to the Return Stock. The population of this research are the manufacturing companies which are listed in Indonesia Stock Exchange (BEI) since 2009-2011 by 147 companies. This research use purposive sampling technique to get the sample. Type of data used are secondary data. Data collection method used is the documentation. Analysis tool used is multiple linear regression using the t test and F test. The result of this research concluded that Operation Cash Flow has a positive significant effect on Return Stock .Earning Per Share, Economic value added, and Market value added had no significant effect the return stock. This limization of this research: (1) This research only use the sample from manufacturing companies in Indonesia Stock Exchange (2) This research only produce a smallest percentage of coefficient of determination, as much as 11,5%. Suggestions in this research include (1) For the next researcher it is better to take the samples from all public companies in Indonesia and add the period of time the research, (2) Develop this research by adding and changing other variables from the fundamental factors which affect the beta stock.

Keywords:

Return Stock, Earning Per Share, Operation Cash Flow, Economic value added, dan Market value added.


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