PENGARUH EVA DAN KINERJA KEUANGAN TERHADAP HARGA SAHAM PADA PERUSAHAAN RETAIL

Abstract

This research is meant to test the influence of fundamental variable which is proxy by economic value
added, current ratio, return on equity, debt to equity ratio, and earning per share to the stock price
through annual financial statement which has been prepared by retail companies which are listed in
Indonesia Stock Exchange. The population has been obtained by using purposive sampling method on
retail companies which are listed in Indonesia Stock Exchange in 2011-2015 periods and based on
predetermined criteria, 9 retail companies. The analysis method has been done by using multiple linear
regressions and the SPSS (Statistical Product and Service Solutions) application. The result of the
research shows that simultaneously economic value added, current ratio, return on equity, debt to
equity ratio, and earning per share give influence to the stock price with its significance level 0.000.
Partially, current ratio give positive and significant influence to the stock price with its significance
value 0.047; return on equity give negative and significant influence to the stock price with its
significance value 0,037; debt to equity ratio give positive and significant influence to the stock price
with its significance value 0,000; earnings per share give positive and significance influence to the
stock price with its significance value 0.000. Meanwhile, economic value added partially does not give
any significant influence to the stock price.

Keywords: fundamental analysis, economic value added, stock price.