PENGARUH EVA, MVA, DAN PROFITABILITAS TERHADAP RETURN SAHAM SUB SEKTOR FOOD AND BEVERAGE DI BEI

Abstract

This research examines the effect of economic value added, market value added, and profitability refers to Return On Assets (ROA) on the stock return of Food and Beverage companies listed on the Indonesia Stock Exchange (IDX) during 2019-2023. The study applies quantitatively. Furthermore, the population consists of Food and Beverage companies listed on IDX. The data collection technique used saturated sampling, in which all members of the population were the sample. In line with that, 13 companies were taken as the sample. Additionally, the data were gained during 5 years (2019-2023). Totally 65 samples were analyzed. However, there were 10 outlier data which made it not normally distributed. The data analysis technique used multiple linear regression with SPSS 26 version. The result shows that economic value added has a positive but insignificant effect on stock return. Likewise, market value added has a positive but insignificant effect on stock return. However, profitability which refers to Return On Asset has a positive and significant effect on the stock return of Food and Beverage companies.