Pengaruh Economic Value Added, Return On Asset, Dan Persentase Kepemilikan Modal Saham Asing Terhadap Harga Saham (Studi Empiris Pada Perusahaan Perbankan Yang Terdaftar Di Bursa Efek Indonesia)

Abstract

This research purpose to examine the effect of the of economic value added (EVA), return on assets (ROA), and percentage of foreign equity ownership to the stock price in banking companies listed on the Indonesia Stock Exchange (IDX). This research considered as the causative research. The population this research are all banking companies listed in the Indonesia Stock Exchange in 2008 until 2010, and 23 sample was determined by the purposive sampling method. Multiple regression analysis used  to analyze data.

Based on the results of this study concluded: (1) economic value added (X1) has positive significant effect on the stock price (Y)​​, (2) return on assets (X2) has not positive significant effect on the stock prices (Y), and (3) the percentage of foreign equity ownership (X3) has significant negative effect on the stock price (Y).

Based on the findings, it is suggested: (1) For the company, it can be used as consideration in maximizing stock price, (2) For academics and researchers turn, can increase an empirical evidence and knowledge about the information that has an influence on stock prices , so it can be input in line with this research, (3) For the investor, it can be used as a consideration in making investment decisions.

Key words: stock price, economic value added, return on asset, percentage of foreign equity ownership