ROA and EVA : A Comparative Empirical Study  

Oleh:

Hartono, Jogiyanto ; Chendrawati

Jenis: Article from Journal - ilmiah nasional - tidak terakreditasi DIKTI
Dalam koleksi: International Journal of Business vol. 1 no. 1 (May 1999), page 45-54.
Topik: ECONOMIC VALUES; creating a firms' value; economic value added; return on equity; value creation

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: II51.1 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

This research examines the influence of economic value added (EVA) and returns on assets (ROA) to the stock returns. EVA is a new method to asses company's performance. EVA is expected to imply an important information for the investor. The fact is that for ILQ 45 companies, the ROA measure has a better relationship with the share's returns compared to EVA. EVA was also found statistically not significant in explaining the rate of stock returns. The explanation of this finding is that of EVA has not been used and reported in financial statement, so that the investors do not use it yet in decision making.

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