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ANALISIS KINERJA KEUANGAN PERUSAHAAN TELEKOMUNIKASI YANG GO PUBLIK DI BEI

Source: OAI

ABSTRACT Keywords: Keywords: Financial Performance, Economic Value Added, Cost of Capital Capital Structure This research is a type of case study research on Telecommunication companies listed in Indonesia Stock Exchange denagn title "Financial Performance Analysis of Telecommunication Companies of 2006 to 2008". The purpose of this study were (a) Determine whether the performance of telecommunications companies are listed on the BEI healthy and providing economic added value, (b) Determine which company has the best performance. In this research, the authors take two hypotheses, namely: (a) Telecommunications companies have sound financial performance tire to provide added value economically if the analysis of the EVA method. (B) estimated PT. Telekomunikasi Indonesia, Tbk has the best financial performance and can provide added value economically. The analytical tool used in assessing the company's performance is EVA method. EVA is a method of analysis tools company focused on value creation, whether healthy corporate performance and to provide value-added economy. Yardsticks used to determine the company's financial performance is: if the value of EVA> 0, then the company's financial performance and healthy it can be said to provide added value economically, if the value of EVA = 0, then the financial performance is said to break even, and if the value of EVA <0, the financial performance of the company said is not healthy and are unable to provide economic value-added. The population in this study were all Telecommunication companies listed in Indonesia Stock Exchange period 2006 - 2008, ie there are 6 companies. The sample taken is a company whose shares are actively traded on the Stock Exchange, and have complete financial statements. From the results that have been carried out using EVA analysis tools are: PT Indosat, Tbk in 2006 amounted to USD 974 959 069 742 EVA produces a rich, in the year 2007 amounting to Rp -2,819,339,767,109, and in 2008 was Rp -5,677,360,253,674 . PT Telekomunikasi Indonesia, Tbk in 2006 to produce EVA Rp 14,327,643,676,170, in 2007 amounting to Rp 18,431,037,295,037, in 2008 amounting to Rp 10,396,536,184,338. PT Bakrie Telecom, Tbk in 2006 amounted to USD -62,566,940,799 produce EVA, in 2007 amounting to Rp -429 393 317 412, and in 2008 amounting to Rp 1,721,721,945,235. From the analysis, it can be concluded that the Telecommunication company, PT Indosat, Tbk in 2006 have EVA> 0, in the years 2007-2008 have EVA value <0, then the hypothesis is rejected. PT Telekomunikasi Indonesia, Tbk from the 2006-2008 has a value of EVA> 0, then the hypothesis was accepted. PT Bakrie Telecom, Tbk in 2006-2007 has a value of EVA <0, and in 2008 had EVA> 0, then the hypothesis is rejected. Of the three companies that have the best performance of PT Telekomunikasi Indonesia, Tbk. From the above conclusion, the writer implies that to assess the performance of the company can use the EVA method. with these methods can be known whether perusaahaan profit is enough profit to meet the expectations of the funders. Word

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