PENGARUH ECONOMIC VALUE ADDED (EVA), MARKET VALUE ADDED (MVA) DAN PRICE TO BOOK VALUE (PBV) TERHADAP RETURN SAHAM

The capital market is defined as a market for various long-term tradable financial instruments (securities) that can be traded in the form of debt or equity, whether issued by the government, public authorities or the private sector. Shares are defined as share capital owned by a limited liability company or commonly referred to as an issuer. Investors buy shares to get dividends and capital gains, but they have certain confidence that their investment will be guaranteed, even though every investment has a risk of failure. There are many ways to judge whether a company is really good for investment or not. Joel Stern and Bennett Stewart believe that the EVA and MVA methods are the right methods for investors to measure financial performance. In addition, the ratio of PBV (Price to Book Value) is also used in this study. This study examines the effect of Economic Value Added (EVA), Market Value Added (MVA) and Price to Book Value (PBV) on Stock Return. The sample in this study is property and real estate companies listed on the Indonesia Stock Exchange (IDX) in the first quarter of 2018-2020. The results of this study indicate that the EVA variable has a negative effect on stock returns, the MVA variable has no significant effect on stock returns and the PBV variable has a significant positive effect on stock returns