PENERAPAN ANALISIS ECONOMIC VALUE ADDED (EVA) DALAM MENILAI KINERJA KEUANGAN(Studi Pada Perusahaan Telekomunikasi yang Tercatat di BEI 2005-2007)

Nofi, Yulianawati (2009) PENERAPAN ANALISIS ECONOMIC VALUE ADDED (EVA) DALAM MENILAI KINERJA KEUANGAN(Studi Pada Perusahaan Telekomunikasi yang Tercatat di BEI 2005-2007). Other thesis, University of Muhammadiyah Malang.

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Abstract

The research aimed to find out a telecommunication company financial performance listed in Indonesia Stock Exchange between 2005 to 2007. performance measurement was Economic Value Added (EVA) method. EVA itself is a performance combined value achievement with cost to get additional value. EVA method aimed to measure whether the company owed additional economic value or un-healthy company which mean that it has no economic additional value. Data used was secondary data where the data was data found indirectly from the company and related institution. Data used was financial report of each company between 2005-2007. Stock Price Index 2005-2007 and the interest level of Indonesia Bank certificate 2005-2007. The population taken in this research were all telecommunication company listed in Indonesia Stock Exchange 2005-2007. Calculation of all telecommunication in 2005-2007 there some has additional economic value and some of them has no additional economic value. In telecommunication company, there only PT. Telekomunikasi Indonesia Tbk, which owed positive value (EVA>0) or have additional value. PT. Indosat Tbk, PT. Excelcomindo Pratama Tbk, PT. Mobile-8 Telecom Tbk, PT. Bakrie Telecom Tbk and PT. Infoasia Tekhnologi Global Tbk, owed negative additional value (EVA<0) or has no additional economic value. According to the existing calculation, there could be concluded that PT. Telekomunikasi Tbk, is a company which owed better additional value than the other company. The existing positive value (EVA>0) from PT. Telekomunikasi Indonesia Tbk, showed that the existing profit by the company able to fulfil the hope of fundholder. For telecommunication company which owed negative value (EVA<0) or has no additional economic value, it showed that the company profit could not fulfill the hope of the fund-holder. According to the conclusion, the suggestion for the company was the company should be able to defend and increase the company performance for the upcoming years. The un-healthy company or negative performance company should increase their performance and pay attention to the capital structure in upcoming years. Investor should pay attention to the EVA in every company which became investment place. For the investors who gave the stock to the healthy company, they should return the fund invested. Investor who invested their stock in un-healthy company could not be able to return their fund.

Item Type: Thesis (Other)
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Economic > Department of Management
Depositing User: Anggit Aldila
Date Deposited: 22 Jun 2012 03:04
Last Modified: 22 Jun 2012 03:04
URI: http://eprints.umm.ac.id/id/eprint/9044

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