PENGARUH EVA, EARNINGS, ARUS KAS OPERASI, DAN RESIDUAL INCOME TERHADAP RETURN SAHAM PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI 2014-2016

Abstract

ABSTRACT
The purpose of this study is to examine the effect of economic added value,
earnings before extraordinary items, cash flow from operations and residual
income to stock returns. The population in this study is a manufacturing company
listed on the Indonesia Stock Exchange period 2014-2016. Sampling technique in
this research using purposive sampling method and obtained 23 manufacturing
companies listed in Indonesia Stock Exchange period 2014-2016. Source of data
from this research comes from Indonesia Stock Exchange (IDX), www.idx.co.id.
The method of analysis used in this study is the classical assumption test,
hypothesis test and multiple linear regression test.
The results of this study indicate that: (1) Based on the simultaneous test
or F test. Then the economic value added variable, the earning before
extraordinary item, the cash flow from the operation and residual income
significantly influence the stock return. (2) Economic value added variable,
earnings before extraordinary item, cash flow from operation and residual income
together influencing 41% to return received by shareholder of manufacturing
company listed on BEI and 59% explained by other variable which is not included
in this research model. (3) Partially residual income variable has a significant
negative effect on stock return. While economic value added variable, earnings
before extraordinary item, cash flow from operation have a significant positive
effect to stock return.
Keywords: economic value added, earnings before extraordinary item, operating
cash flow, residual income and stock return