| This study aims to obtain empirical evidence about the influence of profitability ratios, Economic Value Added (EVA) and Financial Value Added (FVA) of the stock return on telecommunications companies. Profitability ratios used are return on assets and return on equity to determine the effectiveness of management in generating profits with the available assets and capital (equity). EVA taken of capital in the analysis of financial performance, and new methods such as the FVA also be developed to look at the contribution of fixed assets. Data used in this study uses quarterly financial statements starting from the year 2004-2009 with 6 telecommunication companies listed in Indonesia Stock Exchange until 2009. The results showed that the ROA, ROE, and FVA has a positive influence on stock return. While EVA can not be investigated due to a multicollinearity thus excluded from the study. |