The Effect of Financial Disstress, Economic Value Added (EVA), and Market Value Added (MVA) on Stock Return

Susmita, Putu Arina and Saputra, Made Dana and Ayuni, Ni Wayan Dewinta (2022) The Effect of Financial Disstress, Economic Value Added (EVA), and Market Value Added (MVA) on Stock Return. Repositori Politeknik Negeri Bali.

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Abstract

This study examines the partial and simultaneous effect of financial distress, economic value added (EVA) and market value added (MVA) on stock returns. The data used in this study are secondary data. obtained from the Indonesia Stock Exchange and yahoo finance in the form of quarterly financial statements and daily closing prices of shares to calculate Altman Z-Score, EVA, MVA and stock return. The sample used in this study is the entire population, namely the shares of hotels, restaurants and tourism companies using purposive sampling method. The analytical model used in this study is multiple linear regression analysis. The results show that statistically financial distress and economic value added have a positive significant effect on stock returns. Meanwhile, the market value added from the statisticall test has not positive significant effect on the stock return. The simultaneous influence of the financial distress, economic value added (EVA) and market value added (MVA) from statistical tests has a significant effect on stock returns.

Item Type: Article
Subjects: Ilmu Ekonomi
Ilmu Ekonomi > Ilmu Ekonomi
Ilmu Ekonomi > Ilmu Ekonomi > Akuntansi
Divisions: Jurusan Akuntansi > Prodi Akuntansi Manajerial > Skripsi
Depositing User: Putu Arina Susmita
Date Deposited: 27 Sep 2022 11:38
Last Modified: 27 Sep 2022 11:38
URI: http://repository.pnb.ac.id/id/eprint/2879

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