Analisis Economic, Market, dan Financial Value Added sebagai Alat Pengukur Kinerja Perusahaan terhadap Harga Saham (Studi Pada PT. Cimb Niaga Auto Finance Periode 2018-2022)
Keywords:
Economic, Market, Financial, Stock PricesAbstract
For investors, the capital market is a means to invest their capital. One area of investment that is in great demand by investors is the form of shares in companies that go public, such as leasing finance companies. One of the leasing finance companies in Indonesia, namely PT. CIMB Niaga Auto Finance. This study aims to determine the financial performance of companies using the EVA, MVA, and FVA approaches and whether EVA, MVA, and FVA have a significant effect on stock prices. The type of research used is quantitative using secondary data. The population in this study is the entire financial statements of the Sharia Business Unit of PT. CIMB Niaga Auto Finance. The results showed that the company in the calculation of EVA, MVA, and FVA produces positive values every year. Economic Value Added (EVA) has a t table value greater than the calculated t value of 6.314 > 0.949. With a significance value of 0.517 > 0.05, it means that EVA has no significant effect on stock prices. Market Value Added (MVA) has a calculated t value that is greater than t table, namely 7021.076 > 6.314. With a significance value of <.001 which is smaller than 0.05. meaning that the MVA variabel has a significant influence on stock prices. Financial Value Added (FVA) has a t table value greater than the calculated t value (6.314 > 0.422). With a significance value, 0.746 is greater than 0.05, which means that FVA has no significant effect on stock prices.
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