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Pengaruh Economic Value Added, Market Value Added Dan Arus Kas Operasi Terhadap Return Saham

Source: OAI

ABSTRACT 10E00385 Penelitian ini menganalisis pengaruh economic value added, market value added dan arus kas operasi terhadap return saham. Penelitian ini juga bertujuan untuk mengetahui tolok ukur mana yang mempunyai pengaruh paling signifikan terhadap return saham. Penelitian ini merupakan penelitian eksplanatif asosiatif yang variabelnya bersifat kausalitas. Sampel dalam penelitian ini adalah perusahaan yang masuk dalam indeks LQ – 45 periode Februari – Agustus 2008 yang dipilih dengan metode purposive sampling. Data yang digunakan bersifat time series, dan diambil dari laporan keuangan tahunan perusahaan 2004 - 2007. Pengujian hipotesis dilakukan dengan metode statistik melalui analisis regresi berganda dengan program SPSS 16. Hasil penelitian menunjukkan bahwa economic value added, market value added dan arus kas operasi tidak berpengaruh signifikan terhadap return saham. Korelasi arus kas operasi terhadap return saham lebih besar dibanding variabel independen lainnya This research analyzed the influence of economic value added, market value added and operating cash flow to stock return. The objective of this research also to get which performance have the most significant effect to stock return. This research was an associative explanation research where the variables had causality characteristic. The companies were list in LQ-45 index February – August 2008 period were the sample of this research. They were chose by purposive sampling method. Time series data were used in this research, it was obtained from company’s financial statementt at year 2004 – 2007. Statistic method through multiple regression analysis was used in hypothesis testing with SPSS 16 program. The result showed that economic value added, market value added, and operating cash flow haven’t significant influence toward stock return. Operating cash flow have a good correlation to stock return more than another independent variable Drs. Hasan Sakti Siregar, M.Si, Ak

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