Damirah, Damirah (2018) Influence Of Financial Performance Against Economic Value Added And The Impact On Market Reactions On Listing Manufacturing Companies In Indonesia Stock Exchange. Quest Journals Journal of Research in Business and Management, 6 (4). pp. 13-20. ISSN 2347-3002
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Abstract
This study aims to: 1) Test and analyze the effect of financial performance on EVA and viewed from the level of liquidity, Solvability, Activity and Profitability, 2) Test and analyze the effect of financial performance on market reactivity in terms of the level of liquidity, Solvability, Activity and Profitability in the company anufactures listed on the Indonesia Stock Exchange. This study uses a causality approach using secondary data obtained from the financial statements of manufacturing companies listed on the Indonesia Stock Exchange in the form of data through the Capital Market Information Center (PIPM) Makassar Branch, the Indonesia Stock Exchange website, Bank Indonesia website. The population in this study were all manufacturing companies listed on the Indonesia Stock Exchange. The sampling technique used purposive sampling with a total sample of 45 companies with a 5-year financial report so that the total observations were 225 observations. The analytical method used in this study is path analysis. The results of this study indicate that: 1) direct liquidity has a positive and significant influence on EVA, direct solvability has no effect on EVA, direct activity has a positive and significant influence on EVA, direct profitability has no effect on EVA, 2 ) Direct liquidity has a positive and significant effect on market reaction, direct solvency has no influence on market reaction, Activity has a positive and significant effect, profitability has no effect on market reaction, EVA and market reaction have a positive and significant influence on manufacturing companies.
| Item Type: | Journal Article |
|---|---|
| Uncontrolled Keywords: | Liquidity, Solvability, Activity, Propability, EVA Ratio and Market Reaction |
| Subjects: | 15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1502 Banking, Finance and Investment > 150201 Finance |
| Depositing User: | Subhan Saleh |
| Date Deposited: | 09 Nov 2021 00:52 |
| Last Modified: | 09 Nov 2021 00:54 |
| URI: | https://repository.iainpare.ac.id/id/eprint/2745 |
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