Pengaruh Penggunaan Economic Value Added Dan Market Value Added Terhadap Tingkat Retun Saham Pada Perusahaan Konstruksi Di Bursa Efek Indonesia

The purpose of this study was to analyze whether EVA (Economic Value Added)and MVA (Market Value Added) partially or simultaneously have an influence on thelevel of stock returns construction companies in Indonesia Stock Exchange.The population in this study is a company engaged in the field of constructionlisted in the Indonesia Stock Exchange yamg listing from 2008 until 2012. Companieslisted on the Stock Exchange of construction by 27 companies. Of the population is thenselected 10 construction companies that met the study criteria.Based on the results of research conducted to determine whether the EVA(Economic Value Added) and MVA (Market Value Added) simultaneously have aninfluence on stock returns construction company listed on the Stock Exchange can beconcluded that these variables have a significant effect. It is proved that the return ofthe artifacts in the construction company BEI simultaneously represented by calculatingratios of EVA (Economic Value Added) and MVA (Market Value Added). Partial resultsof statistical tests for each variable that is EVA (Economic Value Added) and MVA(Market Value Added) only variables EVA (Economic Value Added) which hassignificant perngaruh retun stock company listed on the Stock Exchange ofconstruction, while MVA (Market Value Added) have no effect on stock returns partialconstruction company listed on the Stock Exchange. That is, changes in stock retunconstruction company listed on the Stock Exchange influenced by other factors that arenot included in the study.Keywords: Economic Value Added, Market Value Added, Return Stock