PENGARUH ECONOMIC VALUE ADDED RESIDUAL INCOME EARNINGS DAN ARUS KAS OPERASI TERHADAP RETURN YANG DITERIMA OLEH PEMEGANG SAHAM (Studi pada perusahaan manufaktur yang terdaftar di Bursa Efek Jakarta)

Authors

  • Pradhono Pradhono Akuntan Publik, Dosen Luar Biasa Fakultas Ekonomi - Universitas Kristen Petra
  • Yulius Jogi Christiawan Faculty of Economics, Petra Christian University

DOI:

https://doi.org/10.9744/jak.6.2.pp.%20140-166

Keywords:

economic value added, residual income, earning, cash flow operation, return.

Abstract

This study analyzed the influence of economic value added, residual income, and two mandated performance measures, earnings and cash flow from operations to the shareholders' return of the public companies listed on Jakarta Stock Exchange. This study was also intended to know which performance measures have the most significant effect to the stockholders' returns. This study used linier regression to see the contribution form each independent variables influenced stockholders' return. The hypotheses was economic value added, residual income, earning and cash flow operation have significant influence to the stockholders' return. The most significant effect was from cash flow operation regression. The next variable which has significant effect also was earning. Abstract in Bahasa Indonesia : Penelitian ini memiliki tujuan: (1) menganalisis pengaruh economic value added, residual income, earnings dan arus kas operasi, terhadap return yang diterima oleh pemegang saham perusahaan publik yang terdaftar di Bursa Efek Jakarta dan (2) mengetahui tolok ukur mana yang mempunyai pengaruh yang paling signifikan terhadap return yang diterima oleh pemegang saham. Penelitian ini menggunakan regresi linier untuk melihat besar kontribusi masing-masing variabel bebas dalam mempengaruhi return pemegang saham. Adapun hipotesis penelitian ini adalah economic value added, residual income, earnings dan arus kas operasi mempunyai pengaruh signifikan terhadap return yang diterima oleh pemegang saham. Berdasarkan hasil uji t disimpulkan bahwa variabel arus kas operasi berpengaruh paling signifikan terhadap return yang diterima oleh pemegang saham. Selanjutnya variabel berikutnya yang juga berpengaruh signifikan adalah earnings. Kata kunci: economic value added, residual income, earning, arus kas operasi, return.

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Published

2005-04-26

How to Cite

Pradhono, P., & Christiawan, Y. J. (2005). PENGARUH ECONOMIC VALUE ADDED RESIDUAL INCOME EARNINGS DAN ARUS KAS OPERASI TERHADAP RETURN YANG DITERIMA OLEH PEMEGANG SAHAM (Studi pada perusahaan manufaktur yang terdaftar di Bursa Efek Jakarta). Jurnal Akuntansi Dan Keuangan, 6(2), pp. 140–166. https://doi.org/10.9744/jak.6.2.pp. 140-166

Issue

Vol. 6 No. 2 (2004): NOVEMBER 2004

Section

Articles

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