Relationship Analysis Between EVA, EPS, ROA, ROE to MVA for Measuring Financial Performance (Case Study on Telecommunication Companies Listed in IDX 2011-2016)

Kusnadi Kadar, Brady Rikumahu

Abstract

The main objective of this study was to examine the relationship between EVA, EPS, ROA, ROE on shareholder value as represented by MVA on telecommunication operator companies which listed on the Indonesia Stock Exchange with the observation period 2011-2016. Results of analysis, independent variables EVA, EPS, ROA and ROE have significant relationship to MVA as dependent variable. On partial correlation analysis result, EVA and ROE have significant relationship to MVA, EPS and ROA have no significant relationship to MVA.

Keywords: Economic Value Added (EVA), Earning Per Share (EPS), Return on Assets (ROA), Return on Equity (ROE), Market Value Added (MVA)

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