PENGARUH ECONOMIC VALAUE ADDED (EVA), MARKET VALUE ADDED (MVA), LAVERAGE DAN KEBIJAKAN DEVIDEN TERHADAP RETURN SAHAM PERIODE 2016-2018

Abstract

This study aims to measure the Effect of Economic Valaue Added (EVA), Market Value Added (MVA), Leverage and Dividend Policy on Stock Returns for the 2016-2018 Period. The object of this research is in the form of food and beverage sub-sector manufacturing companies with a research period of 2016 - 2018. This study uses a purposive sampling technique with a total sample of 12 food and beverage sub-sector manufacturing companies, where the data used are secondary data. The analysis technique used is multiple linear regression analysis and data analysis by conducting classical assumption and hypothesis testing. The analysis shows that only Economic Valaue Added (EVA), Market Value Added (MVA), Leverage and Dividend Policy variables have a significant effect on stock returns. Based on the calculation results, it is known that the F value of 4.165 with a significant level of 0.008 because the significant level is smaller than 0.05, the results of the study are: there is a significant effect of Economic Valaue Added (EVA), Market Value Added (MVA), Leverage and Policy Dividends on stock returns in the manufacturing industry on the IDX. The Adjusted R2 value indicates the contribution of all independent variables with the dependent variable, so the Adjusted R2 of 0.266 means X1 (EVA), X2 (MVA), X3 (Laverage), X4 (Dividend Policy) is able to contribute 26.6% to changes stock return (Y)