The Effect Of Added Financial Ratio And Economic Value On Company Market Value (Case Study On Islamic State-Owned Banks In Indonesia For The 2017 – 2019 Period)

Authors

  • Mira Rantika Universitas Ibn Khaldun
  • N.A Rumiasih Universitas Ibn Khaldun
  • Verni Asvariwangi Universitas Ibn Khaldun
  • Azolla Degita Azis Universitas Ibn Khaldun

DOI:

https://doi.org/10.32832/jharmoni.v1i1.7215

Keywords:

financial ratio, financial performance, EVA, and MVA.

Abstract

This study aims to examine and analyze the effect of financial ratios and Economic Value Added on Market Value Added in Islamic Commercial Bank BUMN in Indonesia. The data used are secondary data in the form of financial statements of BRI Syariah, BNI Syariah, and Bank Syariah Mandiri in 2017-2019. The samples used were three companies with a purposive sampling method. The research data analysis stage is multiple linear analysis. The results of the study simultaneously showed that CAR, BOPO, FDR, NPF, and EVA affect the Market Value Added. Partially CAR and FDR has no effect on stock prices. NPF affecting the Market Value Added. This means that every increase in NPF will raise Market Value Added, while BOPO and EVA has a negative influence on Market Value Added, meaning that any increase in BOPO and EVA will reduce Market Value Added.

References

Aminah, F., Suharsono, A., & Ahmad, I. (2016). Effect of Financial Ratios on Company Value in the Banking Sector Listed on the Indonesia Stock Exchange Using the Structural Equation Modeling-Partial Least Square Method. ITS Journal of Science and Arts, 5(2), 402–407.

Eugene F. Brigham, J. F. H. (2020). Fundamentals of Financial Management. 14th Edition Book 1. In Salemba Empat (14th ed., Vol. 1). Salemba Four.

Ghozali, I. (2011). Multivariate Analysis Application With SPSS Program. Body Diponegoro University Publisher.

Marsella, Y., & Hasanah, K. (2018). Analysis of Economic Value Added (Eva) As Islamic Bank Financial Performance Measurement Tool. Capital: Journal of Economics and Management, 2(1), 63. https://doi.org/10.25273/capital.v2i1.3070

President of the Republic of Indonesia. (1998). Law of the Republic of Indonesia Number 10 of 1998 concerning Amendments to Law Number 7 of 1992 concerning Banking. President of the Republic of Indonesia.

Rudianto. (2012). Introduction to Accounting Concepts and Reporting Techniques Finance. In Erlangga. Erlangga.

Siyamto, Y., & Sumadi, S. (2018). Financial Performance of Islamic Commercial Banks in Indonesia Indonesia With a Market Value Added (MVA) Method Approach. Scientific Journal of Islamic Economics, 4(03), 206.

Sugiyono. (2018). Quantitative Research Methods. Alphabet. Sujarweni, V. (2015). Business and economics research methodology.

Sujarweni, V. (2015). Business and economics research methodology.

Supranto, J. (2009). Statistics: Theory and Applications Seventh Edition (S. Johanes (ed.); 7th ed.). Erlangga.

Widianingsih, D., Dewi, R. R., & Siddi, P. (2020). LDR, ROA AND BOPO Against Stock price. Journal of Economic Development Issues, 3(1), 48–57.

www.idx.com

www.ojk.go.id

Downloads

Published

2022-05-09

How to Cite

Rantika, M., Rumiasih, N., Asvariwangi, V., & Azis, A. D. (2022). The Effect Of Added Financial Ratio And Economic Value On Company Market Value (Case Study On Islamic State-Owned Banks In Indonesia For The 2017 – 2019 Period). Jurnal HARMONI: Jurnal Akuntansi Dan Keuangan, 1(1), 63–69. https://doi.org/10.32832/jharmoni.v1i1.7215

Issue

Vol. 1 No. 1 (2022)

Section

Articles

License


Authors grant the journal copyright of the work licensed under CC-BY-SA or The Creative Commons Attribution–ShareAlike License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal. 

 

Penulis memberikan hak cipta karyanya kepada jurnal yang dilisensikan dengan CC-BY-SA or The Creative Commons Attribution–ShareAlike License yang memungkinkan orang lain untuk menggunakan karya dengan pengakuan kepengarangan karya dan publikasi awal dalam jurnal ini.