Faktor-Faktor Yang Mempengaruhi EVA

Thomas Sumarsan Goh; Erika Erika; Rahel Yunita

doi:10.33395/owner.v7i2.1525

Authors

Thomas Sumarsan Goh Universitas Methodist Indonesia https://orcid.org/0000-0002-3389-8107
Erika STIE Professional Manajemen College Indonesia
Rahel Yunita Universitas Methodist Indonesia

DOI:

10.33395/owner.v7i2.1525

Keywords:

Capital Structure, ROIC, Fixed Assets, NOPAT, EVA

Abstract

Capital structure, return on invested capital (ROIC), fixed assets, and net operating profit after tax (NOPAT) are the factors that affect economic value added (EVA). Understanding the potential effects of the independent factors on the dependent variable, which is economic value added (EVA), is the goal. Descriptive statistics, the traditional hypothesis tests (normality, multicollinearity, heteroscedasticity, and autocorrelation), the t-test and F-test, and coefficient of determination were all used in this work. According to descriptive statistics, the data is normal and passes the traditional assumption test. Capital structure largely has no effect on EVA. Significant effects of ROIC, Fixed Assets, and NOPAT on EVA. EVA is impacted simultaneously by the capital structure, ROIC, fixed assets, and NOPAT. The capital structure, ROIC, fixed assets, and NOPAT are independent variables that have an impact on 35.2% of the dependent variables, while other variables have an impact on 64.8%.

Downloads

Download data is not yet available.

Plum-X Analityc

References

C, V. R. (2019). An Empirical Analysis of Linkage Between Economic Value Added (EVA) and Market Value Added (MVA). SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3461131

El Ummah Khoiro, E., Suhadak, S., & Ragil Handayani, S. (2016). The Influence Of Capital Structure And Firm Size On Profitability And Dividend Policy (An Empirical Study at Property and Real Estate Sector Listed in Indonesia Stock Exchange during the periods of 2009-2012). Profit, 10(02), 1–10. https://doi.org/10.21776/ub.profit.2016.010.02.1

Goel, K., & Oswal, S. (2020). EVA-based financial performance measurement: An evidential study of selected emerging country companies. Corporate Ownership and Control, 18(1), 179–195. https://doi.org/10.22495/cocv18i1art14

Goh, Thomas Sumarsan; Henry, Henry; Erika, Erika; Albert, Albert. (2022). Sales Growth and Firm Size Impact on Firm Value with ROA as a Moderating Variable. MIX: Jurnal Ilmiah Manajemen, 12(1), 99–116.

Goh, T. S., Erika, E., Henry, H., & Syawaluddin, S. (2022). The effect of capital adequacy ratio and loan to deposit ratio on return on asset with non-performing loan as moderating variable in banking companies listed in BEI. JPPI (Jurnal Penelitian Pendidikan Indonesia), 8(3), 710. https://doi.org/10.29210/020221514

Gz, A. A., & Lisiantara, G. A. (2022). Pengaruh profitabilitas, struktur modal, ukuran perusahaan, likuiditas dan kebijakan dividen terhadap nilai perusahaan. Owner, 6(4), 3974–3987. https://doi.org/10.33395/owner.v6i4.1030

Hafsah, Hanum, Z., Saragih, F., & Ningsih, R. W. (2023). Pengaruh Kecerdasan Emosional Dan Perilaku Belajar Terhadap Tingkat Pemahaman Akuntansi Pada Mahasiswa Akuntansi Program S1 Universitas Pendidikan Ganesha. Owner: Riset & Jurnal Akuntansi, 7, 312–321. https://www.academia.edu/download/35604796/ipi189160.pdf

Hirdinis, M. (2019). Capital structure and firm size on firm value moderated by profitability. International Journal of Economics and Business Administration, 7(1), 174–191. https://doi.org/10.35808/ijeba/204

Jolly Cyril, E., & Singla, H. K. (2020). Comparative analysis of profitability of real estate, industrial construction and infrastructure firms: evidence from India. Journal of Financial Management of Property and Construction, 25(2), 273–291. https://doi.org/10.1108/JFMPC-08-2019-0069

Lestari, R. M., & Indarto, I. (2019). Pengaruh Leverage, Fixed Asset Intensity, Dan Firm Size Terhadap Nilai Perusahaan Dengan Revaluasi Aset Sebagai Moderasi. Jurnal Riset Ekonomi Dan Bisnis, 12(1), 1. https://doi.org/10.26623/jreb.v12i1.1524

Qureshi, M. J., & Siddiqui, D. A. (2021). The Effect of Intangible Assets on Financial Performance, Financial Policies, and Market Value of Technology Firms: A Global Comparative Analysis. Asian Journal of Finance & Accounting, 12(1), 26. https://doi.org/10.5296/ajfa.v12i1.16655

Ratnawati, A., & Sinarjadi, I. (2015). Analisis Struktur Modal, Tingkat Pertumbuhan Dan Ukuran Perusahaan Terhadap Nilai Tambah Ekonomi. Jurnal ASET (Akuntansi Riset), 7(1), 13. https://doi.org/10.17509/jaset.v7i1.8857

Rochmah, S. A., & Fitria, A. (2017). Pengaruh Kinerja Keuangan Terhadap Nilai Perusahaan Dengan Kebijakan Dividen Sebagai Variabel Moderating. Jurnal Ilmu Dan Riset Akuntansi (JIRA), 6(3), 998–1017.

Sahara, H., Titisari, K. H., & Siddi, P. (2022). Pengaruh Ukuran Perusahaan, Profitabilitas, Struktur Modal, Leverage dan Kepemilikan Institusional Terhadap Nilai Perusahaan. Owner, 6(1), 322–335. https://doi.org/10.33395/owner.v6i1.580

Seleste, C. (2022). The influence of debt to equity ratio, working capital turnover, fixed asset turnover and gross profit margin on income smoothing practices at pt. global maritim industri. COSTING: Journal of Economic, Business and Accounting, 6(1), 598–612.

Sumarsan, T. (2020). Sistem Pengendalian Manajemen: Transformasi Strategi untuk Keunggulan Kompetitif. Campustaka.

Widya. (2022). Financial Performance Analysis Using Economic Value Added, Financial Value Added, And Return On Asset In Pt. Buana. AJAR Atma Jaya Accounting Research, 5(02), 1–23. https://doi.org/https://doi.org/10.35129/ajar.v5i02.342