Open AccessEffect of Economic Value Added, Market Value Added, Earning per Share and Net Profit Margin on Stock Returns in Metal Companies Listed on the Indonesia Stock Exchange
Author(s) -
Silvia Handayani,
Sriyono Sriyono
Publication year - 2021
Publication title -
academia open
Language(s) - English
Resource type - Journals
ISSN - 2714-7444
DOI - 10.21070/acopen.5.2021.1797
Subject(s) - profit margin , stock exchange , earnings per share , business , stock market , net profit , economic value added , market value added , stock (firearms) , growth stock , profit (economics) , market value , economics , monetary economics , econometrics , market maker , finance , microeconomics , mechanical engineering , paleontology , horse , engineering , biology
This study aims to determine the effect of Economic Value Added (EVA), Market Value Added (MVA), Earning Per Share (EPS) and Net Profit Margin (NPM) on Stock Returns in metal sub-sector companies listed on the Indonesia Stock Exchange (IDX). . The research method uses a quantitative approach. Data analysis used a regression model with Eviews 9 software. The sample of this study was 49 metal sub-sector companies listed on the IDX in 2013-2019. The results showed that Economic Value Added, Market Value Added, Earning Per Share, and Net Profit Margin together had no effect on stock returns. Partially Economic Value Added has no effect on stock returns, Market Value Added has a significant and positive effect on stock returns, Earning Per Share has no effect on stock returns, and Net Profit Margin has no effect on stock returns.