PENGARUH KINERJA KEUANGAN PERUSAHAAN DENGAN METODE EVA, ROA, DAN EPS TERHADAP RETURN SAHAM PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI

This study aims to determine the effect of performance measurement by the method of EVA, ROA and EPS to Return Shares on the Stock Exchange manufacturing company in Indonesia. This study uses the dependent variable Stock Return, while the independent variable is Economic Value Added (EVA), Return on Assets (ROA), and Earning per Share (EPS). Samples obtained by 60 manufacturing companies listed on the Indonesia Stock Exchange from 2006 to 2010. The data used are the financial statements of each sample company, which was published through the website www.idx.co.id and the Indonesian Capital Market Directory (ICMD). Analysis techniques analytical methods used are quantitative methods, with testing normality and multiple linear regression analysis using SPSS 17. The results of this study indicate that the Economic Value Added (EVA), Return on Assets (ROA), and Earning per Share (EPS) did not show significant effects on stock returns. This is likely due to several factors, namely, market participants are paying less attention to the fundamental aspects to make investment decisions in Indonesia Stock Exchange. Key words : Economic Value Added, Return on Assets, Earning per Share and stock return