Pengaruh Economic Value Added, Operating Cashflow dan Operating Income terhadap Return Saham dan Price Level

Harmoko, Widya, Drs. SUmiyana, M.Si., Ak.

2008 | Skripsi | S1 Extention - Accounting

Penelitian ini memiliki dua tujuan, pertama adalah untuk menguji secara empiris bahwa Economic Value Added (EVA), Operating Cashflows (OCF), dan Operating Income (OI) berpengaruh positif terhadap return saham dan price level. Kedua, untuk menguji secara empiris bahwa Economic Value Added (EVA), Operating Cashflow (OCF), dan Operating Income (OI) berbeda pengaruhnya terhadap return saham dan price level pada kelompok perusahaan manufaktur dan kelompok perusahaan keuangan. Hasil penelitian menunjukkan bahwa variabel Economic Value Added (EVA) lebih berpengaruh signifikan terhadap price level. Selanjutnya, variabel yang berpengaruh secara signifikan adalah operating income terhadap return. Sedangkan jenis industri manufaktur tidak lebih berpengaruh terhadap return saham maupun terhadap price level dalam bandingannya terhadap industri perbankan. Kata kunci: economic value added, operating cashflow, operating income, return, price.

This study has two purposes, first to prove that Economic Value Added (EVA), Operating Cash flows (OCF), and Operating Income (OI) influencing return share and price level. Second, to prove that Economic Value Added (EVA), Operating Cash flows (OCF), and Operating Income (OI) give different influence towards return share and price level between manufacturing and banking companies. The result shows that variable Economic Value Added (EVA) influential most significant towards price level. Furthermore, the next variable which significantly influent return is Operating Income (OI). While kind of industry (manufacture and banking) not significantly influent toward return that accepted by stockholder and price level. Keywords: economic value added, operating cashflow, operating income, return, price level.

Kata Kunci : Economic Value Added; Operating Cashflow; Operating Income; Return Saham; Price Level